Stifel Nicolaus Increases FactSet Research Systems (NYSE:FDS) Price Target to $493.00

FactSet Research Systems (NYSE:FDS) had its price target increased by research analysts at Stifel Nicolaus from $469.00 to $493.00 in a report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Stifel Nicolaus’ price objective points to a potential upside of 3.82% from the company’s current price.

Several other brokerages also recently weighed in on FDS. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday. Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Morgan Stanley raised their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Finally, Evercore ISI began coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target for the company. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $453.69.

FactSet Research Systems Trading Down 3.0 %

FactSet Research Systems stock traded down $14.87 during mid-day trading on Friday, hitting $474.86. The company’s stock had a trading volume of 83,115 shares, compared to its average volume of 263,126. The firm has a market capitalization of $18.04 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76. FactSet Research Systems has a 1 year low of $391.84 and a 1 year high of $499.87. The stock’s fifty day moving average is $476.92 and its two-hundred day moving average is $442.24. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.12 earnings per share. On average, analysts anticipate that FactSet Research Systems will post 17.2 EPS for the current year.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the transaction, the chief executive officer now directly owns 12,987 shares in the company, valued at approximately $5,910,253.83. This represents a 18.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,984 shares of company stock valued at $10,981,107. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FactSet Research Systems

Large investors have recently made changes to their positions in the stock. State Street Corp increased its position in FactSet Research Systems by 2.2% during the third 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock worth $460,467,000 after acquiring an additional 8,376 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of FactSet Research Systems by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock worth $171,702,000 after purchasing an additional 4,113 shares during the period. Boston Trust Walden Corp grew its position in shares of FactSet Research Systems by 9.3% during the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after purchasing an additional 25,294 shares in the last quarter. Finally, PineStone Asset Management Inc. increased its holdings in shares of FactSet Research Systems by 0.4% during the third quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider’s stock worth $126,000,000 after purchasing an additional 1,030 shares during the period. Institutional investors own 91.24% of the company’s stock.

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.