Morgan Stanley Lowers FactSet Research Systems (NYSE:FDS) Price Target to $390.00

FactSet Research Systems (NYSE:FDS - Get Free Report) had its target price reduced by investment analysts at Morgan Stanley from $409.00 to $390.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "underweight" rating on the business services provider's stock. Morgan Stanley's target price indicates a potential downside of 10.65% from the stock's current price.

Other analysts have also issued research reports about the company. Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $450.00 to $402.00 in a research note on Friday. Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. BMO Capital Markets reduced their price target on FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating on the stock in a report on Monday, December 23rd. Finally, Stifel Nicolaus increased their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Five research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $436.27.

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FactSet Research Systems Trading Up 0.8 %

Shares of FDS stock traded up $3.65 on Friday, hitting $436.51. 102,810 shares of the company's stock traded hands, compared to its average volume of 271,212. The stock has a market capitalization of $16.60 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 2.93 and a beta of 0.77. The company's fifty day simple moving average is $455.49 and its 200 day simple moving average is $464.69. FactSet Research Systems has a one year low of $391.84 and a one year 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.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.22 earnings per share. Equities analysts forecast that FactSet Research Systems will post 17.21 EPS for the current year.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors have recently added to or reduced their stakes in FDS. Raymond James Financial Inc. purchased a new stake in shares of FactSet Research Systems in the 4th quarter worth about $69,128,000. Point72 Asset Management L.P. purchased a new stake in FactSet Research Systems in the fourth quarter worth about $66,368,000. Geode Capital Management LLC increased its stake in shares of FactSet Research Systems by 9.4% during the fourth 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 in the last quarter. Meridiem Capital Partners LP purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $41,241,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of FactSet Research Systems in the 4th quarter worth approximately $39,284,000. 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.