FactSet Research Systems (NYSE:FDS) Price Target Raised to $521.00 at BMO Capital Markets

FactSet Research Systems (NYSE:FDS) had its price target boosted by equities research analysts at BMO Capital Markets from $471.00 to $521.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 5.14% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. UBS Group increased their price target on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Wells Fargo & Company upped their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Evercore ISI initiated coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target on the stock. Royal Bank of Canada raised their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Finally, Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and an average price target of $447.14.

FactSet Research Systems Trading Up 1.0 %

Shares of FDS stock opened at $495.51 on Friday. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a market cap of $18.82 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 3.25 and a beta of 0.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $460.40 and its two-hundred day moving average is $433.15.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same period last year, the business posted $2.93 EPS. FactSet Research Systems’s revenue was up 4.9% compared to the same quarter last year. Equities analysts predict that FactSet Research Systems will post 17.2 EPS for the current year.

Insiders Place Their Bets

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the transaction, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at $10,726,367.25. This represents a 37.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This represents a 18.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,984 shares of company stock worth $12,230,877. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in FactSet Research Systems by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock valued at $2,077,267,000 after buying an additional 11,974 shares in the last quarter. Ninety One UK Ltd raised its position in FactSet Research Systems by 0.9% during the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock worth $496,645,000 after purchasing an additional 10,928 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 4,113 shares during the last quarter. Boston Trust Walden Corp raised its holdings in 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 during the last quarter. Finally, PineStone Asset Management Inc. increased its position 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 buying an additional 1,030 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

About FactSet Research Systems

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.