FactSet Research Systems (NYSE:FDS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a $220.00 target price on the business services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 10.95% from the company’s current price.

According to Zacks, “The Global business information service provider, FactSet's shares has outperformed the industry to which it belongs to in the past six months. The company’s sustained focus on product innovation across segments with an emphasis on financial services to expand the customer base has helped keep afloat amid the current macroeconomic challenges. Moreover, the company’s acquisitions of Portware, Revere Data, Matrix Data, Code Red and BISAM Technologies S.A will enhance its product suite and help it evolve as a global financial database company. The share repurchase program is expected to support earnings in the long run apart from boosting shareholder value. However, increasing competition from Bloomberg, Dow Jones & Company, MSCI and Thomson Reuters, which are also coming up with substitute products at competitive prices, is a material headwind for the company.”

FDS has been the subject of a number of other reports. Goldman Sachs Group started coverage on shares of FactSet Research Systems in a report on Wednesday, November 8th. They issued a “neutral” rating and a $194.00 price objective for the company. Credit Suisse Group restated an “outperform” rating and set a $205.00 price target (up from $200.00) on shares of FactSet Research Systems in a report on Monday, October 23rd. Barclays upped their price target on shares of FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a report on Wednesday, September 27th. Bank of America restated a “neutral” rating and set a $192.00 price target (up from $180.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Finally, Morgan Stanley restated an “equal weight” rating and set a $166.00 price target (up from $157.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $180.73.

Shares of FactSet Research Systems (FDS) opened at $198.28 on Tuesday. The stock has a market cap of $7,784.40, a price-to-earnings ratio of 27.23, a P/E/G ratio of 2.26 and a beta of 0.96. FactSet Research Systems has a fifty-two week low of $155.09 and a fifty-two week high of $199.87. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.03.

FactSet Research Systems (NYSE:FDS) last issued 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. The firm had revenue of $326.60 million during the quarter, compared to analysts’ expectations of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. FactSet Research Systems’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 earnings per share. analysts anticipate that FactSet Research Systems will post 8.18 EPS for the current fiscal year.

In other news, VP Matthew J. Mcnulty sold 1,049 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.00, for a total transaction of $189,869.00. Following the completion of the transaction, the vice president now owns 2,499 shares of the company’s stock, valued at $452,319. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 7,334 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.24, for a total transaction of $1,329,214.16. Following the transaction, the chief executive officer now directly owns 11,262 shares of the company’s stock, valued at approximately $2,041,124.88. The disclosure for this sale can be found here. Insiders have sold 17,841 shares of company stock valued at $3,224,739 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Eads & Heald Investment Counsel raised its position in shares of 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 valued at $392,000 after buying an additional 20 shares during the last quarter. FineMark National Bank & Trust raised its position in shares of 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 valued at $363,000 after buying an additional 22 shares during the last quarter. World Asset Management Inc raised its position in shares of 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 valued at $473,000 after buying an additional 36 shares during the last quarter. NewFocus Financial Group LLC raised its position in shares of 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 valued at $2,180,000 after buying an additional 41 shares during the last quarter. Finally, Sawtooth Solutions LLC raised its position in shares of FactSet Research Systems by 3.1% during the second quarter. Sawtooth Solutions LLC now owns 1,718 shares of the business services provider’s stock valued at $285,000 after buying an additional 52 shares during the last quarter. 93.71% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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