BMO Capital Markets Cuts FactSet Research Systems (NYSE:FDS) Price Target to $466.00

FactSet Research Systems (NYSE:FDS) had its price objective lowered by stock analysts at BMO Capital Markets from $498.00 to $466.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 6.45% from the company’s previous close.

FDS has been the subject of a number of other reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. Stifel Nicolaus lifted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $450.00 to $402.00 in a report on Friday. Morgan Stanley decreased their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday. Finally, UBS Group cut their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research note on Friday. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $436.27.

FactSet Research Systems Trading Up 1.6 %

Shares of FactSet Research Systems stock opened at $437.78 on Monday. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 2.93 and a beta of 0.77. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a 50 day moving average of $455.49 and a 200 day moving average of $464.69.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same period last year, the business posted $4.22 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, research analysts predict that FactSet Research Systems will post 17.21 earnings per share for the current year.

Hedge Funds Weigh In On FactSet Research Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its holdings in FactSet Research Systems by 5.7% in the 4th quarter. California State Teachers Retirement System now owns 61,364 shares of the business services provider’s stock valued at $29,472,000 after purchasing an additional 3,283 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of FactSet Research Systems by 6.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,370 shares of the business services provider’s stock worth $2,099,000 after acquiring an additional 251 shares in the last quarter. Siemens Fonds Invest GmbH raised its position in shares of FactSet Research Systems by 871.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 10,834 shares of the business services provider’s stock worth $5,203,000 after purchasing an additional 9,719 shares during the last quarter. Menard Financial Group LLC acquired a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $91,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $39,284,000. Hedge funds and other institutional investors 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.