BMO Capital Markets Raises FactSet Research Systems (NYSE:FDS) Price Target to $471.00

FactSet Research Systems (NYSE:FDS) had its price target upped by equities researchers at BMO Capital Markets from $440.00 to $471.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 1.09% from the stock’s current price.

Several other equities research analysts have also commented on FDS. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $500.00 to $407.00 in a research note on Thursday, May 30th. Wells Fargo & Company increased 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. Morgan Stanley increased their target price on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. UBS Group increased their target price on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Stifel Nicolaus increased their target price on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday. Four investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $446.67.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS opened at $465.91 on Friday. The firm has a market capitalization of $17.72 billion, a PE 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. The business has a 50-day moving average of $421.66 and a two-hundred day moving average of $428.33. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $488.64.

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

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CTO Katherine M. Stepp sold 1,057 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $428.42, for a total transaction of $452,839.94. Following the completion of the sale, the chief technology officer now owns 687 shares in the company, valued at approximately $294,324.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other FactSet Research Systems news, Director Robin Ann Abrams sold 2,375 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total transaction of $999,186.25. Following the transaction, the director now owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Katherine M. Stepp sold 1,057 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $428.42, for a total value of $452,839.94. Following the transaction, the chief technology officer now directly owns 687 shares in the company, valued at approximately $294,324.54. The disclosure for this sale can be found here. Insiders sold a total of 12,432 shares of company stock worth $5,166,986 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Mission Wealth Management LP lifted its holdings in FactSet Research Systems by 0.7% during the 1st quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider’s stock worth $1,536,000 after buying an additional 24 shares during the last quarter. Procyon Advisors LLC lifted its holdings in shares of FactSet Research Systems by 0.4% in the 1st quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock worth $2,948,000 after purchasing an additional 27 shares during the last quarter. Argent Trust Co lifted its holdings in shares of FactSet Research Systems by 2.1% in the 2nd quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock worth $536,000 after purchasing an additional 27 shares during the last quarter. Legacy Financial Advisors Inc. lifted its holdings in shares of FactSet Research Systems by 4.0% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock worth $341,000 after purchasing an additional 32 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of FactSet Research Systems by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 8,407 shares of the business services provider’s stock worth $3,820,000 after purchasing an additional 34 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.