FactSet Research Systems (NYSE:FDS) Coverage Initiated by Analysts at Evercore ISI

Stock analysts at Evercore ISI started coverage on shares of FactSet Research Systems (NYSE:FDS - Get Free Report) in a research note issued on Wednesday, MarketBeat reports. The brokerage set an "inline" rating and a $470.00 price target on the business services provider's stock. Evercore ISI's price objective would indicate a potential upside of 2.84% from the stock's current price.

Several other brokerages have also weighed in on FDS. UBS Group lifted their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. Morgan Stanley lifted their target price on FactSet Research Systems from $350.00 to $355.00 and gave the company an "underweight" rating in a report on Monday, June 24th. Wells Fargo & Company lifted their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a report on Friday, September 20th. Stifel Nicolaus lifted 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. Finally, Royal Bank of Canada lifted 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. Four research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $448.46.

FactSet Research Systems Stock Up 0.4 %

NYSE:FDS traded up $2.03 during trading hours on Wednesday, hitting $457.01. 184,304 shares of the company traded hands, compared to its average volume of 268,028. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The firm's 50-day simple moving average is $426.86 and its 200-day simple moving average is $427.52. FactSet Research Systems has a one year low of $391.84 and a one year high of $488.64. The company has a market cap of $17.38 billion, a PE ratio of 34.47, a PEG ratio of 3.11 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations of $547.06 million. During the same period last year, the business earned $2.93 EPS. The business's revenue was up 4.9% on a year-over-year basis. Equities analysts predict that FactSet Research Systems will post 17.16 earnings per share for the current year.

Insider Activity

In related news, EVP Christopher R. Ellis sold 13,952 shares of the firm's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the sale, the executive vice president now owns 23,515 shares of the company's stock, valued at $10,726,367.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FactSet Research Systems news, Director James J. Mcgonigle sold 5,410 shares of the firm's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the transaction, the director now directly owns 5,283 shares of the company's stock, valued at $2,413,432.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of the firm's stock in a transaction dated Thursday, September 26th. The stock was 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. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,362 shares of company stock valued at $12,688,945. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its position in shares of FactSet Research Systems by 4.3% during the 4th quarter. Allianz Asset Management GmbH now owns 5,816 shares of the business services provider's stock valued at $2,775,000 after buying an additional 238 shares in the last quarter. J. W. Coons Advisors LLC bought a new stake in FactSet Research Systems during the 4th quarter valued at approximately $208,000. Bank of Nova Scotia raised its stake in FactSet Research Systems by 32.7% during the 4th quarter. Bank of Nova Scotia now owns 4,710 shares of the business services provider's stock valued at $2,247,000 after purchasing an additional 1,160 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in FactSet Research Systems during the 4th quarter valued at approximately $509,000. Finally, The Manufacturers Life Insurance Company raised its stake in FactSet Research Systems by 3.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 28,569 shares of the business services provider's stock valued at $13,629,000 after purchasing an additional 862 shares during the period. 91.24% of the stock is owned by hedge funds and other 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.