FactSet Research Systems’ (FDS) “Hold” Rating Reaffirmed at Credit Suisse Group

FactSet Research Systems (NYSE:FDS)‘s stock had its “hold” rating restated by investment analysts at Credit Suisse Group in a research report issued on Monday, Stock Target Advisor reports.

A number of other equities analysts have also weighed in on the company. Goldman Sachs Group lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $256.00 to $246.00 in a research report on Thursday, June 27th. Bank of America upped their price target on shares of FactSet Research Systems from $290.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, June 26th. UBS Group upped their price target on shares of FactSet Research Systems from $212.00 to $233.00 and gave the company a “sell” rating in a research report on Wednesday, June 26th. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $230.00 to $242.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Finally, Morgan Stanley upped their price target on shares of FactSet Research Systems from $235.00 to $264.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 26th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $251.77.

Shares of NYSE:FDS opened at $291.01 on Monday. FactSet Research Systems has a fifty-two week low of $188.31 and a fifty-two week high of $305.38. The stock has a 50-day simple moving average of $289.01. The company has a current ratio of 2.88, a quick ratio of 2.45 and a debt-to-equity ratio of 0.88. The stock has a market cap of $11.10 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 2.90 and a beta of 1.01.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, June 25th. The business services provider reported $2.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.37 by $0.25. FactSet Research Systems had a return on equity of 64.19% and a net margin of 23.30%. The business had revenue of $364.50 million during the quarter, compared to analyst estimates of $359.25 million. During the same quarter in the previous year, the firm earned $2.18 EPS. FactSet Research Systems’s revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts anticipate that FactSet Research Systems will post 9.86 EPS for the current year.

In other news, CEO Frederick Philip Snow sold 1,186 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $275.64, for a total transaction of $326,909.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott A. Billeadeau sold 2,683 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $289.03, for a total transaction of $775,467.49. Following the sale, the director now directly owns 3,684 shares of the company’s stock, valued at approximately $1,064,786.52. The disclosure for this sale can be found here. Insiders have sold a total of 6,241 shares of company stock valued at $1,776,760 in the last ninety days. Insiders own 2.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FDS. Global Retirement Partners LLC increased its holdings in FactSet Research Systems by 114.0% in the 4th quarter. Global Retirement Partners LLC now owns 199 shares of the business services provider’s stock worth $40,000 after acquiring an additional 106 shares in the last quarter. Liberty Wealth Management LLC purchased a new stake in FactSet Research Systems in the 4th quarter worth approximately $68,000. First Mercantile Trust Co. increased its holdings in FactSet Research Systems by 138.3% in the 1st quarter. First Mercantile Trust Co. now owns 336 shares of the business services provider’s stock worth $83,000 after acquiring an additional 195 shares in the last quarter. Icon Wealth Partners LLC purchased a new stake in FactSet Research Systems in the 1st quarter worth approximately $84,000. Finally, Marshall Wace LLP purchased a new stake in FactSet Research Systems in the 1st quarter worth approximately $85,000. 93.98% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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