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

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 report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 6.45% from the stock’s previous close.

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

FactSet Research Systems Price Performance

FDS opened at $437.78 on Monday. The firm has a market cap of $16.65 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth 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’s 50-day moving average price is $455.49 and its 200 day moving average price is $464.69. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

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

Hedge Funds Weigh In On FactSet Research Systems

Several institutional investors have recently added to or reduced their stakes in FDS. Raymond James Financial Inc. bought a new position in FactSet Research Systems during the 4th quarter valued at about $69,128,000. Point72 Asset Management L.P. bought a new position in FactSet Research Systems during the 4th quarter valued at about $66,368,000. Geode Capital Management LLC lifted its holdings in FactSet Research Systems by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after purchasing an additional 94,668 shares during the last quarter. Meridiem Capital Partners LP bought a new position in shares of FactSet Research Systems in the fourth quarter worth about $41,241,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of FactSet Research Systems in the fourth quarter worth about $39,284,000. 91.24% of the stock is owned by institutional investors.

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.