FactSet Research Systems Inc. (NYSE:FDS) shares reached a new 52-week high on Monday after Morgan Stanley raised their price target on the stock from $166.00 to $171.00. Morgan Stanley currently has an equal weight rating on the stock. FactSet Research Systems traded as high as $186.62 and last traded at $186.43, with a volume of 252,668 shares. The stock had previously closed at $185.76.

Several other analysts also recently issued reports on the company. Credit Suisse Group reissued an “outperform” rating and issued a $205.00 price target (up previously from $200.00) on shares of FactSet Research Systems in a research note on Monday. Zacks Investment Research raised FactSet Research Systems from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Tuesday, October 10th. Barclays PLC lifted their price target on FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a research note on Wednesday, September 27th. Bank of America Corporation reissued a “neutral” rating and issued a $192.00 price target (up previously from $180.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $169.00 price target (up previously from $163.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $172.73.

In related news, VP Matthew J. Mcnulty sold 1,049 shares of FactSet Research Systems stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $181.00, for a total value of $189,869.00. Following the sale, the vice president now owns 2,499 shares of the company’s stock, valued at $452,319. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 7,334 shares of FactSet Research Systems stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.24, for a total value of $1,329,214.16. Following the completion of the sale, the chief executive officer now directly owns 11,262 shares in the company, valued at approximately $2,041,124.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,841 shares of company stock worth $3,224,739. 2.70% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in FDS. Prudential Financial Inc. increased its position in shares of FactSet Research Systems by 6.2% in the first quarter. Prudential Financial Inc. now owns 25,030 shares of the business services provider’s stock valued at $4,128,000 after acquiring an additional 1,456 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of FactSet Research Systems by 11.5% in the first quarter. OppenheimerFunds Inc. now owns 1,593 shares of the business services provider’s stock valued at $263,000 after acquiring an additional 164 shares during the last quarter. FMR LLC increased its position in shares of FactSet Research Systems by 87.4% in the first quarter. FMR LLC now owns 56,034 shares of the business services provider’s stock valued at $9,240,000 after acquiring an additional 26,138 shares during the last quarter. Teachers Advisors LLC increased its position in shares of FactSet Research Systems by 14.5% in the first quarter. Teachers Advisors LLC now owns 45,055 shares of the business services provider’s stock valued at $7,430,000 after acquiring an additional 5,689 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of FactSet Research Systems by 108.6% in the first quarter. Legal & General Group Plc now owns 26,520 shares of the business services provider’s stock valued at $4,373,000 after acquiring an additional 13,809 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

The stock’s 50 day moving average price is $171.76 and its 200-day moving average price is $165.18. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 28.63 and a beta of 0.98.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.01. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The firm had revenue of $326.60 million during the quarter, compared to analysts’ expectations of $325.26 million. During the same period in the prior year, the company posted $1.69 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, analysts expect that FactSet Research Systems Inc. will post $8.19 EPS for the current year.

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About FactSet Research Systems

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.

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