Equities researchers at Credit Suisse Group assumed coverage on shares of FactSet Research Systems (NYSE:FDS) in a research report issued on Friday, The Fly reports. The firm set a “neutral” rating on the business services provider’s stock.

A number of other research firms also recently weighed in on FDS. Morgan Stanley set a $210.00 price target on FactSet Research Systems and gave the stock a “hold” rating in a research note on Thursday, September 13th. Cantor Fitzgerald raised their price target on FactSet Research Systems from $203.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 26th. Wells Fargo & Co raised their price target on FactSet Research Systems from $190.00 to $225.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 26th. Stifel Nicolaus raised their price target on FactSet Research Systems from $188.00 to $223.00 and gave the stock a “hold” rating in a research note on Wednesday, September 26th. Finally, Barclays raised their price target on FactSet Research Systems from $185.00 to $210.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. FactSet Research Systems currently has an average rating of “Hold” and a consensus price target of $216.80.

Shares of FactSet Research Systems stock opened at $226.42 on Friday. The stock has a market capitalization of $8.66 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 2.20 and a beta of 0.92. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.95 and a quick ratio of 1.95. FactSet Research Systems has a 1 year low of $183.89 and a 1 year high of $237.95.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, September 25th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.01). The business had revenue of $345.90 million during the quarter, compared to analysts’ expectations of $346.39 million. FactSet Research Systems had a return on equity of 58.62% and a net margin of 19.78%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.90 earnings per share. On average, research analysts forecast that FactSet Research Systems will post 9.58 earnings per share for the current year.

In related news, EVP Robert J. Robie sold 1,174 shares of the firm’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $224.78, for a total value of $263,891.72. Following the transaction, the executive vice president now directly owns 2,862 shares of the company’s stock, valued at approximately $643,320.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew J. Mcnulty sold 1,684 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $225.00, for a total value of $378,900.00. Following the completion of the transaction, the senior vice president now directly owns 3,727 shares in the company, valued at $838,575. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of FDS. Bank of Montreal Can bought a new position in shares of FactSet Research Systems in the 2nd quarter valued at approximately $1,537,000. Alps Advisors Inc. acquired a new stake in FactSet Research Systems in the 2nd quarter valued at approximately $631,000. TD Asset Management Inc. grew its holdings in FactSet Research Systems by 42.8% in the 2nd quarter. TD Asset Management Inc. now owns 23,022 shares of the business services provider’s stock valued at $4,561,000 after buying an additional 6,902 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in FactSet Research Systems by 44.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,941 shares of the business services provider’s stock valued at $781,000 after buying an additional 1,221 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in FactSet Research Systems by 18.1% in the 2nd quarter. First Trust Advisors LP now owns 56,092 shares of the business services provider’s stock valued at $11,112,000 after buying an additional 8,601 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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The Fly

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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