FactSet Research Systems Inc. (FDS) Given Consensus Rating of “Hold” by Analysts

Shares of FactSet Research Systems Inc. (NYSE:FDS) have been given a consensus recommendation of “Hold” by the twelve analysts that are currently covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $234.70.

A number of research firms have recently commented on FDS. Zacks Investment Research upgraded shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. Piper Jaffray Companies raised their price objective on shares of FactSet Research Systems from $211.00 to $262.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Deutsche Bank raised their price objective on shares of FactSet Research Systems from $217.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, March 27th. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $211.00 to $220.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 27th. Finally, DA Davidson raised their price objective on shares of FactSet Research Systems to $214.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th.

Shares of FDS stock traded up $4.03 during trading hours on Friday, reaching $271.12. The stock had a trading volume of 222,342 shares, compared to its average volume of 219,639. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.96. FactSet Research Systems has a 12 month low of $184.48 and a 12 month high of $271.44. The firm has a market capitalization of $10.37 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 2.74 and a beta of 1.11.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. FactSet Research Systems had a net margin of 22.45% and a return on equity of 64.58%. The company had revenue of $354.90 million during the quarter, compared to analyst estimates of $356.46 million. During the same period last year, the business earned $2.12 earnings per share. FactSet Research Systems’s revenue was up 5.9% compared to the same quarter last year. Sell-side analysts predict that FactSet Research Systems will post 9.59 EPS for the current year.

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 1,182 shares of FactSet Research Systems stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $218.62, for a total transaction of $258,408.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert J. Robie sold 10,459 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $241.34, for a total transaction of $2,524,175.06. Following the sale, the executive vice president now owns 4,331 shares of the company’s stock, valued at $1,045,243.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,006 shares of company stock valued at $3,357,131. 2.30% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC bought a new stake in FactSet Research Systems during the fourth quarter valued at approximately $27,000. CWM LLC raised its stake in shares of FactSet Research Systems by 88.4% during the fourth quarter. CWM LLC now owns 162 shares of the business services provider’s stock worth $32,000 after acquiring an additional 76 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of FactSet Research Systems by 114.0% during the fourth quarter. Global Retirement Partners LLC now owns 199 shares of the business services provider’s stock worth $40,000 after acquiring an additional 106 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of FactSet Research Systems during the fourth quarter worth approximately $45,000. Finally, Riverview Trust Co purchased a new position in shares of FactSet Research Systems during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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