FactSet Research Systems (NYSE:FDS) Cut to Sell at Rothschild & Co Redburn

FactSet Research Systems (NYSE:FDS) was downgraded by research analysts at Rothschild & Co Redburn from a “neutral” rating to a “sell” rating in a note issued to investors on Thursday. They presently have a $215.00 price target on the business services provider’s stock. Rothschild & Co Redburn’s price objective points to a potential downside of 6.02% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. The Goldman Sachs Group downgraded FactSet Research Systems from a “sell” rating to an “underweight” rating in a report on Thursday. Weiss Ratings restated a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. UBS Group lowered their price objective on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Barclays cut their target price on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research report on Monday, February 23rd. Finally, Royal Bank Of Canada decreased their target price on shares of FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $267.69.

FactSet Research Systems Price Performance

FDS stock opened at $228.76 on Thursday. FactSet Research Systems has a one year low of $185.00 and a one year high of $453.41. The firm has a 50-day moving average of $231.15 and a two-hundred day moving average of $242.16. The firm has a market capitalization of $8.33 billion, a PE ratio of 14.71, a P/E/G ratio of 1.98 and a beta of 0.71. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.37 by $0.09. The business had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $4.28 earnings per share. On average, analysts forecast that FactSet Research Systems will post 17.66 earnings per share for the current year.

Institutional Trading of FactSet Research Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cromwell Holdings LLC acquired a new stake in shares of FactSet Research Systems in the fourth quarter worth $26,000. WPG Advisers LLC grew its holdings in FactSet Research Systems by 76.9% in the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after buying an additional 40 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after buying an additional 64 shares during the last quarter. Field & Main Bank bought a new position in FactSet Research Systems in the 4th quarter worth approximately $29,000. Finally, BOKF NA lifted its holdings in shares of FactSet Research Systems by 5,100.0% during the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.