BMO Capital Markets Increases FactSet Research Systems (NYSE:FDS) Price Target to $471.00

FactSet Research Systems (NYSE:FDS - Get Free Report) had its price target upped by research analysts at BMO Capital Markets from $440.00 to $471.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "market perform" rating on the business services provider's stock. BMO Capital Markets' target price would suggest a potential upside of 0.99% from the company's previous close.

A number of other research firms have also issued reports on FDS. Morgan Stanley boosted their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the company an "underweight" rating in a research note on Monday, June 24th. Stifel Nicolaus upped their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a research note on Friday. Jefferies Financial Group decreased their target price on FactSet Research Systems from $455.00 to $378.00 and set a "hold" rating on the stock in a research note on Wednesday, June 5th. Wells Fargo & Company upped their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Bank of America lowered FactSet Research Systems from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $500.00 to $407.00 in a research note on Thursday, May 30th. Four investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $446.67.

FactSet Research Systems Stock Performance

Shares of NYSE FDS traded down $3.11 during trading on Friday, reaching $466.37. 583,059 shares of the stock traded hands, compared to its average volume of 269,273. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $488.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. The company has a 50-day moving average of $420.81 and a 200-day moving average of $428.57. The stock has a market capitalization of $17.74 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same period in the previous year, the company posted $2.93 EPS. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts forecast that FactSet Research Systems will post 16.28 EPS for the current fiscal year.

Insider Transactions at FactSet Research Systems

In other news, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total value of $999,186.25. Following the transaction, the director now owns 9,193 shares in the company, valued at $3,867,587.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total value of $999,186.25. Following the transaction, the director now owns 9,193 shares in the company, valued at $3,867,587.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Katherine M. Stepp sold 1,057 shares of FactSet Research Systems stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $428.42, for a total value of $452,839.94. Following the completion of the transaction, the chief technology officer now owns 687 shares in the company, valued at approximately $294,324.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,432 shares of company stock worth $5,166,986. Company insiders own 1.00% of the company's stock.

Institutional Trading of FactSet Research Systems

Several large investors have recently modified their holdings of FDS. Millennium Management LLC grew its stake in shares of FactSet Research Systems by 2,873.9% in the second quarter. Millennium Management LLC now owns 119,582 shares of the business services provider's stock worth $48,822,000 after purchasing an additional 115,561 shares during the last quarter. Norges Bank bought a new stake in shares of FactSet Research Systems in the fourth quarter worth about $47,977,000. PineStone Asset Management Inc. grew its stake in shares of FactSet Research Systems by 53.3% in the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider's stock worth $111,447,000 after purchasing an additional 94,952 shares during the last quarter. Norden Group LLC boosted its position in FactSet Research Systems by 1,844.5% during the 1st quarter. Norden Group LLC now owns 45,696 shares of the business services provider's stock valued at $20,761,000 after acquiring an additional 43,346 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in FactSet Research Systems by 21.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider's stock valued at $96,113,000 after acquiring an additional 41,717 shares in the last quarter. 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.