UBS Group Raises FactSet Research Systems (NYSE:FDS) Price Target to $525.00

FactSet Research Systems (NYSE:FDS - Get Free Report) had its price objective lifted by analysts at UBS Group from $485.00 to $525.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the business services provider's stock. UBS Group's price objective points to a potential upside of 8.49% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada raised their target price on FactSet Research Systems from $464.00 to $503.00 and gave the company a "sector perform" rating in a report on Friday, September 20th. Redburn Atlantic downgraded FactSet Research Systems from a "neutral" rating to a "sell" rating and reduced their target price for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Stifel Nicolaus raised their target price on FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a report on Friday, September 20th. BMO Capital Markets raised their target price on FactSet Research Systems from $471.00 to $521.00 and gave the company a "market perform" rating in a report on Friday. Finally, Evercore ISI started coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an "inline" rating and a $470.00 price target for the company. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $450.00.

FactSet Research Systems Stock Performance

Shares of FDS stock traded down $11.82 during trading hours on Friday, hitting $483.90. The stock had a trading volume of 375,133 shares, compared to its average volume of 263,203. The firm has a market capitalization of $18.38 billion, a PE ratio of 34.81, a PEG ratio of 3.25 and a beta of 0.75. FactSet Research Systems has a twelve month low of $391.84 and a twelve month high of $499.87. The stock's 50 day moving average is $461.60 and its 200 day moving average is $433.57. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same period in the prior year, the company earned $2.93 earnings per share. The company's revenue was up 4.9% compared to the same quarter last year. As a group, research analysts forecast that FactSet Research Systems will post 17.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now directly owns 299 shares of the company's stock, valued at $143,819. The trade was a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the transaction, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,984 shares of company stock valued at $12,230,877. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds and other institutional investors have recently modified their holdings of FDS. Catalyst Capital Advisors LLC purchased a new stake in FactSet Research Systems during the 3rd quarter worth approximately $26,000. UMB Bank n.a. increased its holdings in FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider's stock worth $27,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC increased its holdings in FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock worth $28,000 after purchasing an additional 60 shares during the last quarter. Quest Partners LLC increased its holdings in FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new stake in FactSet Research Systems during the 2nd quarter worth approximately $33,000. 91.24% of the stock is owned by institutional investors and hedge funds.

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.