Analysts Set FactSet Research Systems Inc. (FDS) Target Price at $208.60

Shares of FactSet Research Systems Inc. (NYSE:FDS) have earned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $210.22.

A number of equities research analysts recently commented on FDS shares. Morgan Stanley set a $204.00 price target on shares of FactSet Research Systems and gave the company a “hold” rating in a report on Monday, October 15th. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $188.00 to $223.00 and gave the company a “hold” rating in a report on Wednesday, September 26th. Bank of America upped their price target on shares of FactSet Research Systems from $214.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, September 26th. Zacks Investment Research upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $251.00 price target for the company in a report on Tuesday, August 28th. Finally, ValuEngine upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th.

NYSE:FDS traded up $0.06 during midday trading on Friday, reaching $231.17. 1,660 shares of the stock traded hands, compared to its average volume of 305,085. FactSet Research Systems has a 12 month low of $183.89 and a 12 month high of $237.29. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $8.54 billion, a P/E ratio of 27.01, a P/E/G ratio of 2.26 and a beta of 0.91.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Tuesday, September 25th. The business services provider reported $2.20 EPS for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.01). FactSet Research Systems had a net margin of 19.78% and a return on equity of 58.62%. The firm had revenue of $345.90 million for the quarter, compared to the consensus estimate of $346.39 million. During the same quarter in the prior year, the company earned $1.90 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that FactSet Research Systems will post 9.52 EPS for the current year.

In related news, EVP Robert J. Robie sold 1,174 shares of the stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $224.78, for a total value of $263,891.72. Following the completion of the transaction, the executive vice president now directly owns 2,862 shares in the company, valued at approximately $643,320.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew J. Mcnulty sold 1,684 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $225.00, for a total transaction of $378,900.00. Following the completion of the transaction, the senior vice president now owns 3,727 shares of the company’s stock, valued at $838,575. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC bought a new position in shares of FactSet Research Systems in the 3rd quarter worth about $411,000. Piedmont Investment Advisors Inc. bought a new position in shares of FactSet Research Systems in the 3rd quarter worth about $606,000. MML Investors Services LLC increased its stake in shares of FactSet Research Systems by 96.2% in the 3rd quarter. MML Investors Services LLC now owns 7,032 shares of the business services provider’s stock worth $1,573,000 after acquiring an additional 3,447 shares in the last quarter. Weil Company Inc. bought a new position in shares of FactSet Research Systems in the 3rd quarter worth about $298,000. Finally, Parametrica Management Ltd bought a new position in shares of FactSet Research Systems in the 3rd quarter worth about $425,000. Institutional investors own 91.80% of the company’s stock.

About FactSet Research Systems

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

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Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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