Wolfe Research started coverage on shares of FactSet Research Systems (NYSE:FDS - Get Free Report) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm set an "underperform" rating and a $430.00 price target on the business services provider's stock. Wolfe Research's price objective would suggest a potential upside of 0.61% from the company's current price.
Other analysts also recently issued research reports about the company. Barclays reiterated an "equal weight" rating and issued a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Oppenheimer reaffirmed a "market perform" rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Stifel Nicolaus reissued a "hold" rating and issued a $469.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Royal Bank of Canada restated a "sector perform" rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, BMO Capital Markets upped their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a "market perform" rating in a research note on Monday, March 25th. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $442.70.
Get Our Latest Stock Report on FDS
FactSet Research Systems Stock Performance
FDS stock traded down $1.28 on Thursday, reaching $427.39. 316,125 shares of the company were exchanged, compared to its average volume of 238,733. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. FactSet Research Systems has a 12 month low of $380.96 and a 12 month high of $488.64. The stock's fifty day moving average price is $461.67 and its 200 day moving average price is $456.32. The firm has a market capitalization of $16.29 billion, a PE ratio of 33.94, a PEG ratio of 2.71 and a beta of 0.72.
FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The company had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. On average, research analysts anticipate that FactSet Research Systems will post 15.81 EPS for the current fiscal year.
Insider Activity at FactSet Research Systems
In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,838,871.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company's stock.
Hedge Funds Weigh In On FactSet Research Systems
A number of large investors have recently modified their holdings of the stock. Running Oak Capital LLC increased its holdings in shares of FactSet Research Systems by 11.5% in the first quarter. Running Oak Capital LLC now owns 22,560 shares of the business services provider's stock valued at $10,251,000 after purchasing an additional 2,325 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of FactSet Research Systems by 4.6% in the 1st quarter. Park Avenue Securities LLC now owns 1,625 shares of the business services provider's stock valued at $739,000 after buying an additional 72 shares during the period. Czech National Bank raised its position in shares of FactSet Research Systems by 0.8% during the first quarter. Czech National Bank now owns 6,706 shares of the business services provider's stock worth $3,047,000 after acquiring an additional 52 shares during the last quarter. Mather Group LLC. acquired a new position in shares of FactSet Research Systems during the first quarter valued at $116,000. Finally, Bath Savings Trust Co lifted its stake in shares of FactSet Research Systems by 0.4% during the first quarter. Bath Savings Trust Co now owns 31,296 shares of the business services provider's stock valued at $14,221,000 after acquiring an additional 123 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.
About FactSet Research Systems
(
Get Free Report)
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.
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