FactSet Research Systems Inc. (FDS) Earns Neutral Rating from Analysts at Goldman Sachs Group Inc

Stock analysts at Goldman Sachs Group Inc initiated coverage on shares of FactSet Research Systems Inc. (NYSE:FDS) in a research report issued on Wednesday, November 8th, Marketbeat.com reports. The brokerage set a “neutral” rating and a $194.00 price target on the business services provider’s stock. Goldman Sachs Group Inc’s price objective points to a potential downside of 1.33% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Morgan Stanley restated an “equal weight” rating and set a $166.00 target price (up from $157.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. BidaskClub lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Northcoast Research raised shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price objective for the company in a research note on Thursday, September 21st. Finally, Bank of America Corporation reaffirmed a “neutral” rating and issued a $192.00 price objective (up previously from $180.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. FactSet Research Systems currently has an average rating of “Hold” and an average target price of $178.91.

FactSet Research Systems (NYSE FDS) opened at $196.62 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $7,770.00, a PE ratio of 27.18, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. FactSet Research Systems has a 12-month low of $155.09 and a 12-month high of $199.31.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.01. The firm had revenue of $326.60 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.69 earnings per share. equities research analysts predict that FactSet Research Systems will post 8.18 earnings per share for the current year.

In related news, COO Mark J. Hale sold 9,458 shares of FactSet Research Systems stock in a transaction on Friday, September 29th. The shares were sold at an average price of $180.34, for a total value of $1,705,655.72. Following the transaction, the chief operating officer now owns 11,314 shares in the company, valued at approximately $2,040,366.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Matthew J. Mcnulty sold 1,049 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $181.00, for a total transaction of $189,869.00. Following the completion of the sale, the vice president now owns 2,499 shares in the company, valued at $452,319. The disclosure for this sale can be found here. Insiders have sold a total of 17,841 shares of company stock worth $3,224,739 in the last 90 days. 2.70% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FDS. ETF Managers Group LLC acquired a new stake in shares of FactSet Research Systems during the 2nd quarter valued at about $121,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of FactSet Research Systems during the 2nd quarter valued at about $126,000. Turner Investments LLC acquired a new stake in shares of FactSet Research Systems during the 3rd quarter valued at about $144,000. Fieldpoint Private Securities LLC acquired a new stake in shares of FactSet Research Systems during the 3rd quarter valued at about $195,000. Finally, Visionary Asset Management Inc. acquired a new stake in shares of FactSet Research Systems during the 3rd quarter valued at about $205,000. Institutional investors own 95.46% of the company’s stock.

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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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