Morgan Stanley Lowers FactSet Research Systems (NYSE:FDS) Price Target to $350.00

FactSet Research Systems (NYSE:FDSGet Free Report) had its price objective cut by equities researchers at Morgan Stanley from $372.00 to $350.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “underweight” rating on the business services provider’s stock. Morgan Stanley’s target price suggests a potential downside of 11.69% from the stock’s previous close.

A number of other research firms have also recently issued reports on FDS. Wolfe Research started coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective on the stock. BMO Capital Markets raised their price target on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday, March 25th. Stifel Nicolaus reissued a “hold” rating and set a $469.00 price objective 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. Finally, The Goldman Sachs Group increased their price target on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $437.44.

Check Out Our Latest Research Report on FactSet Research Systems

FactSet Research Systems Stock Up 0.4 %

FDS opened at $396.34 on Monday. The business’s fifty day simple moving average is $431.76 and its 200 day simple moving average is $452.60. FactSet Research Systems has a 52 week low of $385.27 and a 52 week high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The stock has a market cap of $15.11 billion, a PE ratio of 31.38, a P/E/G ratio of 2.64 and a beta of 0.74.

FactSet Research Systems (NYSE:FDSGet Free Report) last announced its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The company had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. As a group, research analysts expect that FactSet Research Systems will post 15.81 earnings per share for the current fiscal year.

Insider Activity

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Robert J. Robie sold 4,336 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the completion of the sale, the executive vice president now directly owns 1,485 shares in the company, valued at $640,747.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,838,871.50. The disclosure for this sale can be found here. Insiders have sold a total of 23,987 shares of company stock valued at $10,283,347 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in FactSet Research Systems by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock worth $2,077,267,000 after buying an additional 11,974 shares in the last quarter. Bamco Inc. NY boosted its stake in FactSet Research Systems by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock worth $1,203,163,000 after purchasing an additional 8,862 shares during the period. Morgan Stanley raised its position in shares of FactSet Research Systems by 100.1% during the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after buying an additional 698,611 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of FactSet Research Systems by 15.3% in the third quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after buying an additional 66,986 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in shares of FactSet Research Systems by 1.6% during the third quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock worth $192,852,000 after acquiring an additional 6,960 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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