BMO Capital Markets Forecasts Strong Price Appreciation for FactSet Research Systems (NYSE:FDS) Stock

FactSet Research Systems (NYSE:FDS) had its price target boosted by investment analysts at BMO Capital Markets from $471.00 to $521.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 7.67% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. Evercore ISI assumed coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective for the company. UBS Group increased their price target on FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Stifel Nicolaus boosted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Royal Bank of Canada increased their target price on FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Finally, Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price target for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $450.00.

FactSet Research Systems Stock Down 2.4 %

Shares of FactSet Research Systems stock opened at $483.90 on Friday. 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 has a 50-day moving average price of $461.60 and a 200 day moving average price of $433.69. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The firm has a market cap of $18.38 billion, a P/E ratio of 34.81, a P/E/G ratio of 3.20 and a beta of 0.75.

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

Insider Activity

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This represents a 37.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,984 shares of company stock worth $12,230,877 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of FactSet Research Systems

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after buying an additional 8,376 shares in the last quarter. M&T Bank Corp raised its position in shares of FactSet Research Systems by 25.7% during the third quarter. M&T Bank Corp now owns 11,525 shares of the business services provider’s stock worth $5,299,000 after purchasing an additional 2,354 shares during the period. Continuum Advisory LLC raised its position in shares of FactSet Research Systems by 5,200.0% during the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after purchasing an additional 156 shares during the period. Geller Advisors LLC acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at $204,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of FactSet Research Systems by 8.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 11,466 shares of the business services provider’s stock valued at $5,273,000 after purchasing an additional 894 shares during the period. 91.24% of the stock is currently owned by institutional investors.

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.