FactSet Research Systems Sets New 52-Week High at $123.21 (FDS)
FactSet Research Systems (NYSE:FDS) hit a new 52-week high on Thursday , AnalystRatingsNetwork.com reports. The company traded as high as $123.21 and last traded at $122.72, with a volume of 156,738 shares trading hands. The stock had previously closed at $120.83.
FDS has been the subject of a number of recent research reports. Analysts at Jefferies Group initiated coverage on shares of FactSet Research Systems in a research note on Thursday. They set a “buy” rating and a $138.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of FactSet Research Systems from $115.00 to $124.00 in a research note on Monday, July 14th. They now have an “equal weight” rating on the stock. Finally, analysts at Raymond James upgraded shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $115.00.
The stock has a 50-day moving average of $117.6 and a 200-day moving average of $108.8. The company has a market cap of $5.162 billion and a price-to-earnings ratio of 25.33.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, June 17th. The company reported $1.25 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.25. The company had revenue of $231.80 million for the quarter, compared to the consensus estimate of $230.57 million. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts expect that FactSet Research Systems will post $4.92 EPS for the current fiscal year.
In other FactSet Research Systems news, CFO Maurizio Nicolelli sold 2,108 shares of FactSet Research Systems stock on the open market in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $120.96, for a total value of $254,983.68. The sale was disclosed in a filing with the SEC, which is available at this link.
FactSet Research Systems Inc (NYSE:FDS) is a provider of integrated financial information and analytical applications to the global investment community.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.