FactSet Research Systems Inc. (NYSE:FDS) was upgraded by Northcoast Research from a “neutral” rating to a “buy” rating in a research report issued on Thursday. The brokerage currently has a $195.00 price target on the business services provider’s stock. Northcoast Research’s price objective suggests a potential upside of 15.65% from the stock’s current price. Northcoast Research also issued estimates for FactSet Research Systems’ Q1 2018 earnings at $1.99 EPS, FY2018 earnings at $8.33 EPS and FY2019 earnings at $9.20 EPS.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Monday, June 5th. BidaskClub raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Stifel Nicolaus reissued a “hold” rating and issued a $163.00 price objective on shares of FactSet Research Systems in a research report on Tuesday, July 25th. Finally, UBS AG reissued a “buy” rating and issued a $146.00 price objective (down previously from $150.00) on shares of FactSet Research Systems in a research report on Friday, June 9th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $164.80.

Shares of FactSet Research Systems (NYSE FDS) opened at 168.61 on Thursday. The stock has a market cap of $6.61 billion, a PE ratio of 19.66 and a beta of 0.97. FactSet Research Systems has a 1-year low of $150.95 and a 1-year high of $183.64. The stock has a 50 day moving average of $160.34 and a 200 day moving average of $164.48.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, June 27th. The business services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The business had revenue of $312.12 million during the quarter, compared to analyst estimates of $314.14 million. FactSet Research Systems had a net margin of 29.02% and a return on equity of 55.72%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.64 earnings per share. Equities research analysts forecast that FactSet Research Systems will post $7.30 EPS for the current year.

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In related news, Chairman Philip A. Hadley sold 38,942 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $163.83, for a total transaction of $6,379,867.86. Following the completion of the transaction, the chairman now owns 666,494 shares of the company’s stock, valued at $109,191,712.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip A. Hadley sold 100,017 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $168.99, for a total transaction of $16,901,872.83. Following the transaction, the director now directly owns 761,436 shares of the company’s stock, valued at approximately $128,675,069.64. The disclosure for this sale can be found here. Insiders have sold 188,784 shares of company stock valued at $31,456,615 in the last ninety days. 2.70% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of FDS. Eads & Heald Investment Counsel grew its stake in FactSet Research Systems by 0.9% during the second quarter. Eads & Heald Investment Counsel now owns 2,358 shares of the business services provider’s stock worth $392,000 after buying an additional 20 shares during the period. FineMark National Bank & Trust grew its stake in FactSet Research Systems by 1.0% during the second quarter. FineMark National Bank & Trust now owns 2,183 shares of the business services provider’s stock worth $363,000 after buying an additional 22 shares during the period. World Asset Management Inc grew its stake in FactSet Research Systems by 1.3% during the second quarter. World Asset Management Inc now owns 2,847 shares of the business services provider’s stock worth $473,000 after buying an additional 36 shares during the period. NewFocus Financial Group LLC grew its stake in FactSet Research Systems by 0.3% during the second quarter. NewFocus Financial Group LLC now owns 13,120 shares of the business services provider’s stock worth $2,180,000 after buying an additional 41 shares during the period. Finally, Suntrust Banks Inc. grew its stake in FactSet Research Systems by 4.0% during the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock worth $215,000 after buying an additional 50 shares during the period. 93.72% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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