Equities research analysts at DA Davidson began coverage on shares of FactSet Research Systems (NYSE:FDS) in a report released on Thursday, The Fly reports. The firm set a “neutral” rating on the business services provider’s stock.

Several other research firms have also recently commented on FDS. Zacks Investment Research cut FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Morgan Stanley restated an “equal weight” rating and set a $166.00 price target (up previously from $157.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Northcoast Research upgraded FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price objective for the company in a research report on Thursday, September 21st. Bank of America reiterated a “neutral” rating and issued a $192.00 price objective (up previously from $180.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $200.00 price objective (up previously from $190.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $180.73.

FactSet Research Systems (FDS) traded up $0.44 during trading on Thursday, hitting $202.46. The stock had a trading volume of 268,193 shares, compared to its average volume of 308,417. FactSet Research Systems has a twelve month low of $155.09 and a twelve month high of $206.66. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a market capitalization of $7,979.95, a PE ratio of 27.91, a PEG ratio of 2.32 and a beta of 0.97.

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

In other FactSet Research Systems news, COO Mark J. Hale sold 9,458 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $180.34, for a total value of $1,705,655.72. Following the sale, the chief operating officer now owns 11,314 shares of the company’s stock, valued at $2,040,366.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 7,334 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 11,262 shares in the company, valued at approximately $2,041,124.88. The disclosure for this sale can be found here. Insiders sold 17,841 shares of company stock worth $3,224,739 in the last three months. 2.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in FactSet Research Systems by 0.9% in 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 purchasing an additional 32,331 shares during the last quarter. BlackRock Inc. grew its holdings in FactSet Research Systems by 0.3% in the second quarter. BlackRock Inc. now owns 3,159,707 shares of the business services provider’s stock valued at $525,082,000 after purchasing an additional 8,480 shares during the last quarter. Bamco Inc. NY grew its holdings in FactSet Research Systems by 0.3% in the third quarter. Bamco Inc. NY now owns 3,002,332 shares of the business services provider’s stock valued at $540,750,000 after purchasing an additional 9,070 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of FactSet Research Systems by 5.9% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 906,115 shares of the business services provider’s stock valued at $163,201,000 after acquiring an additional 50,562 shares during the last quarter. Finally, Bares Capital Management Inc. boosted its stake in shares of FactSet Research Systems by 9.7% during the third quarter. Bares Capital Management Inc. now owns 672,267 shares of the business services provider’s stock valued at $121,082,000 after acquiring an additional 59,249 shares during the last quarter. 93.73% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “FactSet Research Systems (FDS) Earns Neutral Rating from Analysts at DA Davidson” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/12/14/factset-research-systems-fds-earns-neutral-rating-from-analysts-at-da-davidson.html.

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.

The Fly

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.