FactSet Research Systems (NYSE:FDS) Price Target Cut to $215.00

FactSet Research Systems (NYSE:FDS) had its price target dropped by equities research analysts at Morgan Stanley from $217.00 to $215.00 in a research note issued to investors on Thursday, AnalystRatings.com reports. The firm currently has an “underweight” rating on the business services provider’s stock. Morgan Stanley’s price objective suggests a potential downside of 12.35% from the company’s current price.

FDS has been the subject of a number of other research reports. Credit Suisse Group set a $230.00 price target on FactSet Research Systems and gave the company a “hold” rating in a report on Friday, September 27th. DA Davidson reduced their price target on FactSet Research Systems to $240.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Cantor Fitzgerald set a $240.00 price target on FactSet Research Systems and gave the company a “hold” rating in a report on Friday, September 27th. Zacks Investment Research downgraded FactSet Research Systems from a “hold” rating to a “sell” rating and set a $257.00 price target for the company. in a report on Monday, September 30th. Finally, Goldman Sachs Group downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price target for the company from $256.00 to $246.00 in a report on Thursday, June 27th. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. FactSet Research Systems currently has a consensus rating of “Hold” and an average price target of $239.08.

Shares of NYSE FDS opened at $245.30 on Thursday. FactSet Research Systems has a 1-year low of $188.31 and a 1-year high of $305.38. The business has a 50-day moving average of $263.75 and a 200-day moving average of $273.84. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.81 and a quick ratio of 2.87. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 2.68 and a beta of 0.97.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, September 26th. The business services provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.14. The firm had revenue of $364.28 million during the quarter, compared to the consensus estimate of $362.39 million. FactSet Research Systems had a return on equity of 63.04% and a net margin of 24.58%. FactSet Research Systems’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.20 earnings per share. Research analysts expect that FactSet Research Systems will post 9.99 EPS for the current fiscal year.

In other FactSet Research Systems news, Director Philip A. Hadley sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $285.60, for a total transaction of $7,140,000.00. Following the sale, the director now owns 542,368 shares in the company, valued at $154,900,300.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick Philip Snow sold 1,186 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $277.24, for a total value of $328,806.64. Following the sale, the chief executive officer now owns 4,980 shares in the company, valued at approximately $1,380,655.20. The disclosure for this sale can be found here. Insiders have sold 103,558 shares of company stock worth $29,292,389 in the last 90 days. 2.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Investment Services of America Inc. raised its position in shares of FactSet Research Systems by 2.5% during the 3rd quarter. Capital Investment Services of America Inc. now owns 55,240 shares of the business services provider’s stock worth $13,422,000 after purchasing an additional 1,355 shares during the period. Douglass Winthrop Advisors LLC raised its position in shares of FactSet Research Systems by 11.2% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,417 shares of the business services provider’s stock worth $344,000 after purchasing an additional 143 shares during the period. First Hawaiian Bank raised its position in shares of FactSet Research Systems by 25.5% during the 3rd quarter. First Hawaiian Bank now owns 4,178 shares of the business services provider’s stock worth $1,015,000 after purchasing an additional 848 shares during the period. State of Alaska Department of Revenue raised its position in shares of FactSet Research Systems by 174.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,484 shares of the business services provider’s stock worth $4,733,000 after purchasing an additional 12,396 shares during the period. Finally, Macquarie Group Ltd. raised its position in shares of FactSet Research Systems by 150.4% during the 2nd quarter. Macquarie Group Ltd. now owns 1,500 shares of the business services provider’s stock worth $430,000 after purchasing an additional 901 shares during the period. Hedge funds and other institutional investors own 96.91% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

Featured Story: Purposes and Functions of the Federal Reserve

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.