The Brokerages Set FactSet Research Systems Inc. (FDS) Target Price at $167.50

The Brokerages Set FactSet Research Systems Inc. (FDS) Target Price at $167.50

Shares of FactSet Research Systems Inc. (NYSE:FDS) have earned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the firm. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $167.50.

Several equities analysts recently issued reports on the company. Bank of America Corp. set a $185.00 target price on FactSet Research Systems and gave the stock a “hold” rating in a research note on Thursday, September 15th. Raymond James Financial Inc. lowered FactSet Research Systems from a “market perform” rating to an “underperform” rating in a research note on Tuesday, September 27th. Cantor Fitzgerald reissued a “hold” rating on shares of FactSet Research Systems in a research note on Friday, August 19th. Credit Suisse Group AG assumed coverage on FactSet Research Systems in a research note on Monday, July 11th. They set an “outperform” rating and a $182.00 target price on the stock. Finally, Zacks Investment Research raised FactSet Research Systems from a “sell” rating to a “hold” rating in a research note on Thursday, September 29th.

Shares of FactSet Research Systems (NYSE:FDS) opened at 155.46 on Wednesday. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 18.98 and a beta of 0.78. The stock’s 50 day moving average price is $163.71 and its 200-day moving average price is $163.07. FactSet Research Systems has a 52 week low of $135.95 and a 52 week high of $183.17.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, September 27th. The company reported $1.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by $0.01. FactSet Research Systems had a return on equity of 48.65% and a net margin of 30.06%. The firm had revenue of $287.30 million for the quarter. During the same quarter last year, the firm posted $1.48 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts anticipate that FactSet Research Systems will post $7.04 earnings per share for the current fiscal year.

In other news, SVP Rachel Rebecca Stern sold 1,065 shares of the stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $158.79, for a total value of $169,111.35. Following the transaction, the senior vice president now owns 978 shares in the company, valued at approximately $155,296.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederick Philip Snow sold 6,250 shares of the stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $158.22, for a total value of $988,875.00. Following the completion of the transaction, the chief executive officer now owns 10,551 shares in the company, valued at approximately $1,669,379.22. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in FactSet Research Systems by 1.1% in the second quarter. Vanguard Group Inc. now owns 3,126,652 shares of the company’s stock worth $504,705,000 after buying an additional 33,998 shares in the last quarter. Loomis Sayles & Co. L P increased its position in FactSet Research Systems by 6.8% in the second quarter. Loomis Sayles & Co. L P now owns 2,789,051 shares of the company’s stock worth $450,209,000 after buying an additional 177,352 shares in the last quarter. BlackRock Fund Advisors increased its position in FactSet Research Systems by 3.3% in the second quarter. BlackRock Fund Advisors now owns 1,484,841 shares of the company’s stock worth $239,683,000 after buying an additional 47,373 shares in the last quarter. Wellington Management Group LLP increased its position in FactSet Research Systems by 4.9% in the first quarter. Wellington Management Group LLP now owns 1,307,959 shares of the company’s stock worth $198,195,000 after buying an additional 61,270 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in FactSet Research Systems by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,202,618 shares of the company’s stock worth $194,127,000 after buying an additional 19,806 shares in the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.

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