FactSet Research Systems (NYSE:FDS) Given New $518.00 Price Target at BMO Capital Markets

FactSet Research Systems (NYSE:FDS) had its price target decreased by stock analysts at BMO Capital Markets from $521.00 to $518.00 in a report issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 7.13% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday. Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday. Morgan Stanley lifted their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. Evercore ISI started 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 target for the company. Finally, Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $453.46.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $483.52 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $18.37 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76. FactSet Research Systems has a one year low of $391.84 and a one year high of $499.87. The company has a 50 day moving average price of $477.45 and a 200 day moving average price of $443.47.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same period in the prior year, the firm posted $4.12 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that FactSet Research Systems will post 17.2 EPS for the current year.

Insider Activity

In other FactSet Research Systems news, Director James J. Mcgonigle sold 5,410 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the transaction, the director now owns 5,283 shares of the company’s stock, valued at $2,413,432.89. This trade represents a 50.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 value of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. The trade was a 84.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,984 shares of company stock worth $10,981,107. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FactSet Research Systems

Several large investors have recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in FactSet Research Systems by 2,873.9% during the second quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock valued at $48,822,000 after purchasing an additional 115,561 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of FactSet Research Systems during the 3rd quarter valued at about $38,909,000. State Street Corp raised its stake in FactSet Research Systems by 2.2% during the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after acquiring an additional 42,303 shares during the period. Dimensional Fund Advisors LP lifted its holdings in FactSet Research Systems by 21.5% in the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after acquiring an additional 41,717 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its stake in FactSet Research Systems by 9.3% in the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock valued at $136,267,000 after acquiring an additional 25,294 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.