FactSet Research Systems (NYSE:FDS) Given New $485.00 Price Target at UBS Group

FactSet Research Systems (NYSE:FDS) had its price objective lifted by equities research analysts at UBS Group from $455.00 to $485.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. UBS Group’s target price points to a potential upside of 4.10% from the company’s current price.

FDS has been the subject of several other reports. Morgan Stanley boosted their target price on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Bank of America cut shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Wells Fargo & Company upgraded shares of FactSet Research Systems to a “hold” rating in a research report on Tuesday, August 13th. Jefferies Financial Group reduced their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a report on Monday, June 24th. Four equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $446.67.

FactSet Research Systems Stock Down 0.8 %

Shares of NYSE:FDS opened at $465.91 on Friday. The company has a 50 day moving average of $421.66 and a 200-day moving average of $428.33. FactSet Research Systems has a one year low of $391.84 and a one year high of $488.64. The stock has a market cap of $17.72 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 2.64 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.93 EPS. On average, sell-side analysts forecast that FactSet Research Systems will post 16.28 earnings per share for the current year.

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,281,976.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total value of $999,186.25. Following the sale, the director now owns 9,193 shares of the company’s stock, valued at $3,867,587.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $408.98, for a total value of $1,226,940.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The disclosure for this sale can be found here. Insiders have sold 12,432 shares of company stock worth $5,166,986 over the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently made changes to their positions in FDS. UMB Bank n.a. grew its stake in shares of FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC grew its position in shares of FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 60 shares during the period. Quest Partners LLC increased its stake in shares of FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Gladius Capital Management LP bought a new stake in shares of FactSet Research Systems in the 2nd quarter valued at about $33,000. Finally, SJS Investment Consulting Inc. lifted its stake in FactSet Research Systems by 300.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 66 shares during the last quarter. 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.