FactSet Research Systems (NYSE:FDS) Stock Rating Lowered by Redburn Atlantic

FactSet Research Systems (NYSE:FDS - Get Free Report) was downgraded by investment analysts at Redburn Atlantic from a "neutral" rating to a "sell" rating in a note issued to investors on Wednesday, Marketbeat.com reports. They presently have a $380.00 target price on the business services provider's stock, down from their previous target price of $420.00. Redburn Atlantic's price target would suggest a potential downside of 16.57% from the stock's previous close.

Other research analysts have also recently issued research reports about the stock. Evercore ISI assumed coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an "inline" rating and a $470.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a research report on Friday, September 20th. Morgan Stanley boosted their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an "underweight" rating in a research report on Monday, June 24th. UBS Group upped their target price on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Finally, Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a research report on Friday, September 20th. Five research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat.com, FactSet Research Systems presently has an average rating of "Hold" and an average target price of $443.57.

FactSet Research Systems Price Performance

Shares of FDS stock traded down $1.37 during trading hours on Wednesday, reaching $455.46. The company had a trading volume of 205,819 shares, compared to its average volume of 266,173. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $488.64. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.79 and a current ratio of 1.25. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.11 and a beta of 0.75. The stock has a fifty day moving average of $430.21 and a 200-day moving average of $426.85.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) 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 company had revenue of $562.20 million during the quarter, compared to analysts' expectations of $547.06 million. During the same period in the prior year, the business earned $2.93 EPS. The firm's quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts anticipate that FactSet Research Systems will post 17.16 earnings per share for the current year.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,330,666.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the sale, the executive vice president now directly owns 23,515 shares of the company's stock, valued at $10,726,367.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total value of $1,238,250.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company's stock, valued at approximately $5,330,666.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,362 shares of company stock worth $12,688,945 over the last three months. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On FactSet Research Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its position in shares of FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider's stock valued at $27,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC increased its position in shares of FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock valued at $28,000 after buying an additional 60 shares in the last quarter. Quest Partners LLC increased its position 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 in the last quarter. Gladius Capital Management LP purchased a new stake in FactSet Research Systems during the 2nd quarter worth about $33,000. Finally, SJS Investment Consulting Inc. increased its position in FactSet Research Systems by 300.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider's stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Company Profile

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.