FactSet Research Systems Inc. (FDS) Rating Increased to Buy at Zacks Investment Research

FactSet Research Systems Inc. (NYSE:FDS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $200.00 price target on the business services provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.28% from the company’s current price.

According to Zacks, “The Global business information service provider, FactSet recently reported better-than-expected results for the fourth quarter. Moreover, we are encouraged by favorable year-over-year comparisons on both counts as well as an impressive guidance for the first quarter of fiscal 2018. FactSet’s sustained focus on product innovation across segments with an emphasis on financial services to expand the customer base has helped keep afloat amid the current macroeconomic challenges. Moreover, its strategy of growing through acquisitions is praiseworthy. However, increasing competition from Bloomberg, Dow Jones & Company, MSCI and Thomson Reuters, which are also coming up with substitute products at competitive prices, is a material headwind for the company. Notably, FactSet has underperformed the industry to which it belongs to in the year-to-date period.”

A number of other research analysts have also weighed in on FDS. BidaskClub lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Stifel Nicolaus reissued a “hold” rating and set a $163.00 target price on shares of FactSet Research Systems in a research report on Tuesday, July 25th. Northcoast Research raised shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 target price for the company in a research report on Thursday, September 21st. Credit Suisse Group reissued an “outperform” rating and set a $200.00 target price (up previously from $190.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $166.00 target price (up previously from $157.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $171.82.

FactSet Research Systems (NYSE FDS) opened at 178.13 on Tuesday. FactSet Research Systems has a 52-week low of $150.95 and a 52-week high of $184.20. The firm has a 50-day moving average price of $167.24 and a 200 day moving average price of $164.47. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 20.77 and a beta of 0.98.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.01. The firm had revenue of $326.60 million during the quarter, compared to analysts’ expectations of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. FactSet Research Systems’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 earnings per share. On average, equities research analysts predict that FactSet Research Systems will post $8.19 EPS for the current year.

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In other news, CEO Frederick Philip Snow sold 7,334 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.24, for a total transaction of $1,329,214.16. Following the completion of the transaction, the chief executive officer now owns 11,262 shares of the company’s stock, valued at $2,041,124.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mark J. Hale sold 9,458 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the transaction, the chief operating officer now directly owns 11,314 shares of the company’s stock, valued at approximately $2,040,366.76. The disclosure for this sale can be found here. Insiders have sold 17,841 shares of company stock valued at $3,224,739 in the last ninety days. 2.70% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of FactSet Research Systems by 0.9% during the second quarter. Vanguard Group Inc. now owns 3,586,640 shares of the business services provider’s stock valued at $596,028,000 after buying an additional 32,331 shares during the last quarter. BlackRock Inc. raised its position in shares of FactSet Research Systems by 0.3% during the second quarter. BlackRock Inc. now owns 3,159,707 shares of the business services provider’s stock valued at $525,082,000 after buying an additional 8,480 shares during the last quarter. State Street Corp raised its position in shares of FactSet Research Systems by 1.9% during the first quarter. State Street Corp now owns 1,038,821 shares of the business services provider’s stock valued at $171,308,000 after buying an additional 19,591 shares during the last quarter. Bank of America Corp DE raised its position in shares of FactSet Research Systems by 3.8% during the first quarter. Bank of America Corp DE now owns 989,548 shares of the business services provider’s stock valued at $163,186,000 after buying an additional 35,850 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in shares of FactSet Research Systems by 0.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 629,613 shares of the business services provider’s stock valued at $104,629,000 after buying an additional 3,205 shares during the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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