FactSet Research Systems (NYSE:FDS) was downgraded by equities research analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a report released on Tuesday, The Fly reports.

Several other research analysts also recently commented on FDS. BidaskClub downgraded shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $187.00 target price on the stock in a report on Friday, September 22nd. Credit Suisse Group restated an “outperform” rating and set a $200.00 price objective (up previously from $190.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Morgan Stanley restated an “equal weight” rating and set a $166.00 price objective (up previously from $157.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Finally, Stifel Nicolaus restated a “hold” rating and set a $169.00 price objective (up previously from $163.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $180.73.

FactSet Research Systems (NYSE:FDS) opened at $204.49 on Tuesday. The company has a market cap of $7,878.66, a price-to-earnings ratio of 27.56, a P/E/G ratio of 2.29 and a beta of 0.97. FactSet Research Systems has a twelve month low of $155.09 and a twelve month high of $204.65. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.03.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, September 26th. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.89 by $0.01. The firm had revenue of $326.60 million for the quarter, compared to the consensus estimate of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.69 EPS. analysts expect that FactSet Research Systems will post 8.18 earnings per share for the current fiscal year.

In related 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 value of $1,329,214.16. Following the sale, the chief executive officer now owns 11,262 shares of the company’s stock, valued at $2,041,124.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Matthew J. Mcnulty sold 1,049 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.00, for a total transaction of $189,869.00. Following the completion of the sale, the vice president now directly owns 2,499 shares in the company, valued at approximately $452,319. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,841 shares of company stock worth $3,224,739. Insiders own 2.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in FactSet Research Systems by 7.0% in the second quarter. JPMorgan Chase & Co. now owns 500,148 shares of the business services provider’s stock valued at $83,114,000 after acquiring an additional 32,742 shares during the period. Airain ltd bought a new stake in FactSet Research Systems in the second quarter valued at about $1,195,000. Bank of New York Mellon Corp increased its stake in FactSet Research Systems by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 475,631 shares of the business services provider’s stock valued at $79,040,000 after acquiring an additional 2,224 shares during the period. Nomura Holdings Inc. boosted its position in FactSet Research Systems by 113.3% in the second quarter. Nomura Holdings Inc. now owns 3,066 shares of the business services provider’s stock valued at $510,000 after buying an additional 26,180 shares in the last quarter. Finally, Parsec Financial Management Inc. acquired a new position in FactSet Research Systems in the third quarter valued at about $1,395,000. 93.73% of the stock is currently owned by institutional investors and hedge funds.

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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.

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