FactSet Research Systems (FDS) Stock Rating Lowered by Northcoast Research

FactSet Research Systems (NYSE:FDS) was downgraded by equities researchers at Northcoast Research from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday.

FDS has been the topic of several other reports. Stifel Nicolaus restated a “hold” rating and set a $169.00 price target (up from $163.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Zacks Investment Research upgraded FactSet Research Systems from a “hold” rating to a “buy” rating and set a $187.00 price target on the stock in a report on Friday, September 22nd. Goldman Sachs Group began coverage on FactSet Research Systems in a report on Wednesday, November 8th. They set a “neutral” rating and a $194.00 price target on the stock. 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. Finally, Barclays boosted their price target on FactSet Research Systems from $164.00 to $175.00 and gave the stock an “underweight” rating in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. FactSet Research Systems has an average rating of “Hold” and an average target price of $180.73.

Shares of FactSet Research Systems (NYSE FDS) opened at $202.14 on Tuesday. The firm has a market capitalization of $7,909.55, a PE ratio of 27.67, a PEG ratio of 2.30 and a beta of 0.97. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.04 and a current ratio of 2.04. FactSet Research Systems has a twelve month low of $155.09 and a twelve month high of $204.65.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.01. The company had revenue of $326.60 million for the quarter, compared to analysts’ expectations of $325.26 million. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.69 earnings per share. research analysts anticipate that FactSet Research Systems will post 8.18 EPS for the current year.

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

A number of institutional investors and hedge funds have recently modified their holdings of FDS. Russell Investments Group Ltd. lifted its stake in FactSet Research Systems by 1.6% in the second quarter. Russell Investments Group Ltd. now owns 16,175 shares of the business services provider’s stock valued at $2,689,000 after buying an additional 250 shares during the period. Great West Life Assurance Co. Can lifted its stake in FactSet Research Systems by 1.1% in the second quarter. Great West Life Assurance Co. Can now owns 23,671 shares of the business services provider’s stock valued at $3,932,000 after buying an additional 269 shares during the period. World Asset Management Inc lifted its stake in FactSet Research Systems by 1.3% in 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 period. Stratos Wealth Partners LTD. lifted its stake in FactSet Research Systems by 7.4% in the second quarter. Stratos Wealth Partners LTD. now owns 2,759 shares of the business services provider’s stock valued at $458,000 after buying an additional 189 shares during the period. Finally, IFP Advisors Inc lifted its stake in FactSet Research Systems by 11.7% in the second quarter. IFP Advisors Inc now owns 2,382 shares of the business services provider’s stock valued at $396,000 after buying an additional 250 shares during the period. 93.73% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “FactSet Research Systems (FDS) Stock Rating Lowered by Northcoast Research” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.com-unik.info/2017/12/07/factset-research-systems-fds-stock-rating-lowered-by-northcoast-research.html.

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)

What are top analysts saying about FactSet Research Systems Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for FactSet Research Systems Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit