Stifel Nicolaus reissued their hold rating on shares of FactSet Research Systems Inc. (NYSE:FDS) in a research report released on Tuesday morning. The firm currently has a $163.00 price objective on the business services provider’s stock.

Other equities research analysts have also issued reports about the company. UBS AG reissued a buy rating and set a $146.00 price objective (down from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. Credit Suisse Group raised their price objective on FactSet Research Systems from $179.00 to $185.00 and gave the stock an outperform rating in a research note on Wednesday, March 29th. Zacks Investment Research raised FactSet Research Systems from a sell rating to a hold rating in a research note on Thursday, June 29th. BidaskClub lowered FactSet Research Systems from a buy rating to a hold rating in a research note on Tuesday, June 13th. Finally, Deutsche Bank AG began coverage on FactSet Research Systems in a research note on Wednesday, May 10th. They set a hold rating and a $160.00 price objective for the company. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. FactSet Research Systems presently has an average rating of Hold and an average price target of $166.27.

Shares of FactSet Research Systems (FDS) traded up 0.15% during mid-day trading on Tuesday, hitting $164.99. The stock had a trading volume of 273,524 shares. The company has a 50 day moving average price of $165.59 and a 200 day moving average price of $168.46. FactSet Research Systems has a 12-month low of $150.95 and a 12-month high of $183.64. The firm has a market cap of $6.47 billion, a P/E ratio of 19.24 and a beta of 0.95.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, June 27th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.01. The business had revenue of $312.12 million during the quarter, compared to analyst estimates of $314.14 million. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.64 EPS. Equities analysts forecast that FactSet Research Systems will post $7.30 earnings per share for the current fiscal year.

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In other news, Director Joseph E. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $166.00, for a total value of $166,000.00. Following the completion of the sale, the director now owns 9,000 shares of the company’s stock, valued at $1,494,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott G. Miller sold 17,074 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $165.78, for a total value of $2,830,527.72. Following the completion of the sale, the executive vice president now directly owns 15,045 shares of the company’s stock, valued at approximately $2,494,160.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,858 shares of company stock valued at $34,453,143. 2.70% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of FDS. Vanguard Group Inc. boosted its stake in shares of FactSet Research Systems by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,554,309 shares of the business services provider’s stock valued at $586,142,000 after buying an additional 103,458 shares during the period. BlackRock Inc. boosted its stake in shares of FactSet Research Systems by 12,692.2% in the first quarter. BlackRock Inc. now owns 3,151,227 shares of the business services provider’s stock valued at $519,669,000 after buying an additional 3,126,593 shares during the period. Wells Fargo & Company MN boosted its stake in shares of FactSet Research Systems by 4.2% in the first quarter. Wells Fargo & Company MN now owns 2,153,875 shares of the business services provider’s stock valued at $355,196,000 after buying an additional 87,664 shares during the period. Wellington Management Group LLP boosted its stake in shares of FactSet Research Systems by 2.0% in the first quarter. Wellington Management Group LLP now owns 1,282,438 shares of the business services provider’s stock valued at $211,487,000 after buying an additional 25,295 shares during the period. Finally, State Street Corp boosted its stake in shares of FactSet Research Systems by 1.9% in the first quarter. State Street Corp now owns 1,038,821 shares of the business services provider’s stock valued at $171,308,000 after buying an additional 19,591 shares during the period. 94.41% of the stock is owned by institutional investors and hedge funds.

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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