FactSet Research Systems Inc. (NYSE:FDS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $200.00 target price on the business services provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.37% from the company’s current price.

According to Zacks, “The Global business information service provider, FactSet recently reported better-than-expected results for the fourth quarter. Moreover, we are encouraged by favorable year-over-year comparisons on both counts as well as an impressive guidance for the first quarter of fiscal 2018. FactSet’s sustained focus on product innovation across segments with an emphasis on financial services to expand the customer base has helped keep afloat amid the current macroeconomic challenges. Moreover, its strategy of growing through acquisitions is praiseworthy. However, increasing competition from Bloomberg, Dow Jones & Company, MSCI and Thomson Reuters, which are also coming up with substitute products at competitive prices, is a material headwind for the company. Notably, FactSet has underperformed the industry to which it belongs to in the year-to-date period.”

Several other equities research analysts have also issued reports on FDS. BidaskClub lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $163.00 price objective on shares of FactSet Research Systems in a research note on Tuesday, July 25th. Northcoast Research raised shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price objective for the company in a research note on Thursday, September 21st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $200.00 price objective (up previously from $190.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $166.00 price objective (up previously from $157.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. FactSet Research Systems has an average rating of “Hold” and an average price target of $171.82.

Shares of FactSet Research Systems (FDS) traded down 0.26% during mid-day trading on Tuesday, hitting $177.98. The stock had a trading volume of 384,514 shares. The stock has a 50-day moving average price of $166.20 and a 200 day moving average price of $164.37. FactSet Research Systems has a 52 week low of $150.95 and a 52 week high of $184.20. The stock has a market cap of $6.98 billion, a P/E ratio of 20.75 and a beta of 0.98.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The business had revenue of $326.60 million during the quarter, compared to analyst estimates of $325.26 million. During the same quarter in the previous year, the business earned $1.69 EPS. FactSet Research Systems’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities analysts forecast that FactSet Research Systems will post $8.19 EPS for the current fiscal year.

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In other news, CEO Frederick Philip Snow sold 7,334 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.24, for a total transaction of $1,329,214.16. Following the completion of the transaction, the chief executive officer now owns 11,262 shares of the company’s stock, valued at $2,041,124.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mark J. Hale sold 9,458 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the transaction, the chief operating officer now directly owns 11,314 shares of the company’s stock, valued at approximately $2,040,366.76. The disclosure for this sale can be found here. Insiders have sold 100,625 shares of company stock valued at $16,788,995 in the last ninety days. 2.70% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of FactSet Research Systems by 0.9% during the second quarter. Vanguard Group Inc. now owns 3,586,640 shares of the business services provider’s stock valued at $596,028,000 after buying an additional 32,331 shares during the last quarter. BlackRock Inc. raised its position in shares of FactSet Research Systems by 0.3% during the second quarter. BlackRock Inc. now owns 3,159,707 shares of the business services provider’s stock valued at $525,082,000 after buying an additional 8,480 shares during the last quarter. State Street Corp raised its position in shares of FactSet Research Systems by 1.9% during the first quarter. State Street Corp now owns 1,038,821 shares of the business services provider’s stock valued at $171,308,000 after buying an additional 19,591 shares during the last quarter. Bank of America Corp DE raised its position in shares of FactSet Research Systems by 3.8% during the first quarter. Bank of America Corp DE now owns 989,548 shares of the business services provider’s stock valued at $163,186,000 after buying an additional 35,850 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in shares of FactSet Research Systems by 0.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 629,613 shares of the business services provider’s stock valued at $104,629,000 after buying an additional 3,205 shares during the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

About FactSet Research Systems

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.

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