UBS Group Increases FactSet Research Systems (NYSE:FDS) Price Target to $485.00

FactSet Research Systems (NYSE:FDS) had its price target lifted by research analysts at UBS Group from $455.00 to $485.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price objective indicates a potential upside of 4.10% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $500.00 to $407.00 in a report on Thursday, May 30th. Jefferies Financial Group dropped their target price on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Wells Fargo & Company upgraded shares of FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th. Morgan Stanley raised their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research report on Monday, June 24th. Four investment analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and an average target price of $446.67.

FactSet Research Systems Trading Down 0.8 %

NYSE:FDS opened at $465.91 on Friday. The company’s 50 day moving average is $421.66 and its 200-day moving average is $428.33. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $488.64. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 2.64 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.93 EPS. Equities analysts anticipate that FactSet Research Systems will post 16.28 EPS for the current year.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $408.98, for a total value of $1,226,940.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,281,976.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total value of $999,186.25. Following the completion of the transaction, the director now owns 9,193 shares in the company, valued at $3,867,587.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $408.98, for a total value of $1,226,940.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,281,976.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,432 shares of company stock valued at $5,166,986. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of FactSet Research Systems in the fourth quarter valued at $47,977,000. BI Asset Management Fondsmaeglerselskab A S increased its position in FactSet Research Systems by 10.0% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,282 shares of the business services provider’s stock valued at $612,000 after acquiring an additional 117 shares in the last quarter. UBS Group AG raised its stake in shares of FactSet Research Systems by 2.7% in the fourth quarter. UBS Group AG now owns 52,525 shares of the business services provider’s stock worth $25,057,000 after acquiring an additional 1,396 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of FactSet Research Systems by 7.0% during the fourth quarter. D.A. Davidson & CO. now owns 1,115 shares of the business services provider’s stock worth $532,000 after purchasing an additional 73 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $205,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data 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.