FactSet Research Systems (NYSE:FDS) Price Target Lowered to $466.00 at BMO Capital Markets

FactSet Research Systems (NYSE:FDS) had its price target reduced by BMO Capital Markets from $498.00 to $466.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 5.89% from the company’s current price.

Several other equities analysts have also recently weighed in on FDS. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $450.00 to $402.00 in a report on Friday, March 21st. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. UBS Group reduced their price objective on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Finally, Morgan Stanley reduced their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research note on Friday, March 21st. Five equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $436.27.

FactSet Research Systems Stock Up 1.8 %

FDS stock opened at $440.10 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $16.74 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The business’s 50 day moving average price is $454.78 and its two-hundred day moving average price is $464.84. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same quarter in the previous year, the firm earned $4.22 EPS. FactSet Research Systems’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On FactSet Research Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in shares of FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after buying an additional 42,303 shares in the last quarter. Geode Capital Management LLC increased its position in FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after purchasing an additional 94,668 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of FactSet Research Systems by 3.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider’s stock worth $240,184,000 after buying an additional 16,522 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of FactSet Research Systems by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider’s stock valued at $240,653,000 after purchasing an additional 7,718 shares in the last quarter. Finally, Invesco Ltd. grew its stake in FactSet Research Systems by 17.2% during the fourth quarter. Invesco Ltd. now owns 456,149 shares of the business services provider’s stock worth $219,079,000 after buying an additional 66,861 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.