Morgan Stanley Issues Positive Forecast for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS) had its target price upped by analysts at Morgan Stanley from $373.00 to $409.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the business services provider’s stock. Morgan Stanley’s target price suggests a potential downside of 16.60% from the stock’s current price.

Other equities analysts have also issued reports about the company. Stifel Nicolaus upped their target price 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. UBS Group upped their price target on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. BMO Capital Markets increased their target price on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company increased their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $451.85.

FactSet Research Systems Price Performance

Shares of FDS stock traded up $0.37 during mid-day trading on Thursday, reaching $490.41. The stock had a trading volume of 58,286 shares, compared to its average volume of 259,209. 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 $18.63 billion, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 3.08 and a beta of 0.76. The business has a 50-day simple moving average of $473.22 and a 200 day simple moving average of $439.56. 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 posted its quarterly earnings data 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. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter last year, the business posted $2.93 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts anticipate that FactSet Research Systems will post 17.2 earnings per share for the current year.

Insider Buying and Selling at FactSet Research Systems

In related news, 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 completion of the sale, the chief executive officer now directly owns 12,987 shares of the company’s stock, valued at $5,910,253.83. The trade was a 18.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Costigan sold 1,622 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,984 shares of company stock valued at $10,981,107 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FactSet Research Systems

Several institutional investors and hedge funds have recently made changes to their positions in FDS. Catalyst Capital Advisors LLC bought a new position in FactSet Research Systems during the 3rd quarter worth $26,000. UMB Bank n.a. boosted its stake in FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC boosted its stake in FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the last quarter. Quest Partners LLC lifted its position 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 buying an additional 67 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of FactSet Research Systems in the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

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.