FactSet Research Systems Inc. (NYSE:FDS)‘s stock had its “hold” rating reissued by stock analysts at Stifel Nicolaus in a report issued on Tuesday. They presently have a $163.00 target price on the business services provider’s stock. Stifel Nicolaus’ target price indicates a potential downside of 2.24% from the company’s previous close.

FDS has been the subject of a number of other reports. Zacks Investment Research upgraded shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. BidaskClub lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Credit Suisse Group boosted their price objective on shares of FactSet Research Systems from $179.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, March 29th. UBS AG restated a “buy” rating and issued a $146.00 price objective (down from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. Finally, Deutsche Bank AG started coverage on shares of FactSet Research Systems in a report on Wednesday, May 10th. They issued a “hold” rating and a $160.00 price objective for the company. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $166.27.

Shares of FactSet Research Systems (FDS) traded up 0.27% during mid-day trading on Tuesday, hitting $166.74. The stock had a trading volume of 259,760 shares. The stock’s 50-day moving average price is $165.41 and its 200-day moving average price is $168.57. The firm has a market cap of $6.54 billion, a PE ratio of 19.44 and a beta of 0.95. FactSet Research Systems has a 52-week low of $150.95 and a 52-week high of $183.64.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, June 27th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The firm had revenue of $312.12 million for the quarter, compared to analysts’ expectations of $314.14 million. During the same period in the previous year, the firm posted $1.64 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts anticipate that FactSet Research Systems will post $7.30 earnings per share for the current fiscal year.

FactSet Research Systems announced that its board has approved a stock repurchase program on Tuesday, March 28th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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In other news, Director Joseph E. Laird, Jr. sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $166.00, for a total value of $166,000.00. Following the completion of the sale, the director now directly owns 9,000 shares in the company, valued at approximately $1,494,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip A. Hadley sold 100,017 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $168.99, for a total value of $16,901,872.83. Following the completion of the sale, the director now owns 761,436 shares of the company’s stock, valued at $128,675,069.64. The disclosure for this sale can be found here. Insiders sold a total of 206,858 shares of company stock valued at $34,453,143 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of FDS. Genesee Valley Trust Co. raised its stake in FactSet Research Systems by 1.4% in the first quarter. Genesee Valley Trust Co. now owns 2,071 shares of the business services provider’s stock valued at $341,000 after buying an additional 28 shares during the period. Penobscot Investment Management Company Inc. raised its stake in FactSet Research Systems by 2.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 1,270 shares of the business services provider’s stock valued at $209,000 after buying an additional 33 shares during the period. Intrust Bank NA raised its stake in FactSet Research Systems by 2.1% in the first quarter. Intrust Bank NA now owns 1,930 shares of the business services provider’s stock valued at $318,000 after buying an additional 40 shares during the period. Suntrust Banks Inc. raised its stake in FactSet Research Systems by 4.0% in the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock valued at $215,000 after buying an additional 50 shares during the period. Finally, Mason Street Advisors LLC raised its stake in FactSet Research Systems by 0.3% in the first quarter. Mason Street Advisors LLC now owns 18,692 shares of the business services provider’s stock valued at $3,082,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 94.41% of the company’s stock.

FactSet Research Systems Company Profile

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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