FactSet Research Systems (NYSE:FDS) PT Lowered to $483.00

FactSet Research Systems (NYSE:FDSGet Rating) had its price objective decreased by analysts at Deutsche Bank Aktiengesellschaft from $507.00 to $483.00 in a note issued to investors on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 22.36% from the stock’s current price.

A number of other brokerages have also recently issued reports on FDS. Barclays reduced their price objective on FactSet Research Systems from $550.00 to $440.00 and set an “overweight” rating on the stock in a research note on Friday, June 24th. StockNews.com lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Sunday, June 26th. Royal Bank of Canada raised their price objective on shares of FactSet Research Systems from $475.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. Credit Suisse Group lowered their price objective on shares of FactSet Research Systems from $475.00 to $390.00 and set a “neutral” rating for the company in a report on Friday, June 24th. Finally, Stifel Nicolaus lowered their price objective on shares of FactSet Research Systems from $432.00 to $394.00 and set a “hold” rating for the company in a report on Friday, June 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $418.75.

FactSet Research Systems Trading Down 8.3 %

NYSE:FDS opened at $394.75 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.12 and a quick ratio of 2.12. FactSet Research Systems has a 1 year low of $345.92 and a 1 year high of $495.39. The company has a market cap of $14.99 billion, a P/E ratio of 38.74, a P/E/G ratio of 2.91 and a beta of 0.79. The stock’s fifty day moving average price is $431.55 and its two-hundred day moving average price is $410.01.

FactSet Research Systems (NYSE:FDSGet Rating) last issued its quarterly earnings data on Thursday, September 22nd. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.07). FactSet Research Systems had a return on equity of 44.24% and a net margin of 22.41%. The business had revenue of $499.30 million during the quarter, compared to analysts’ expectations of $487.95 million. During the same quarter last year, the business posted $2.88 EPS. The company’s quarterly revenue was up 21.2% on a year-over-year basis. As a group, analysts expect that FactSet Research Systems will post 13.52 EPS for the current year.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 2,500 shares of FactSet Research Systems stock in a transaction on Monday, August 1st. The shares were sold at an average price of $424.92, for a total transaction of $1,062,300.00. Following the transaction, the chief executive officer now owns 3,988 shares in the company, valued at approximately $1,694,580.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other FactSet Research Systems news, Director Sheila B. Jordan sold 2,572 shares of the business’s stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $391.15, for a total value of $1,006,037.80. Following the sale, the director now owns 177 shares in the company, valued at approximately $69,233.55. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 2,500 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $424.92, for a total transaction of $1,062,300.00. Following the completion of the sale, the chief executive officer now owns 3,988 shares in the company, valued at $1,694,580.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,907 shares of company stock worth $3,164,207. 0.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds have recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. bought a new position in FactSet Research Systems in the 4th quarter worth about $19,489,000. Strategy Asset Managers LLC purchased a new stake in FactSet Research Systems during the first quarter valued at approximately $317,000. New York State Teachers Retirement System lifted its position in FactSet Research Systems by 0.5% during the first quarter. New York State Teachers Retirement System now owns 43,852 shares of the business services provider’s stock valued at $19,038,000 after acquiring an additional 210 shares during the last quarter. Gladius Capital Management LP purchased a new stake in FactSet Research Systems during the first quarter valued at approximately $115,000. Finally, First Hawaiian Bank lifted its position in FactSet Research Systems by 15.3% during the first quarter. First Hawaiian Bank now owns 4,210 shares of the business services provider’s stock valued at $1,828,000 after acquiring an additional 559 shares during the last quarter. 90.38% of the stock is currently owned by institutional investors.

About FactSet Research Systems

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FactSet Research Systems Inc, a financial data and analytics company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.

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