FactSet Research Systems (NYSE:FDS) Research Coverage Started at Redburn Partners

Stock analysts at Redburn Partners initiated coverage on shares of FactSet Research Systems (NYSE:FDSGet Rating) in a research report issued on Tuesday, Briefing.com reports. The brokerage set a “sell” rating on the business services provider’s stock.

Several other equities research analysts have also issued reports on the stock. StockNews.com raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a report on Friday, March 25th. Deutsche Bank Aktiengesellschaft increased their target price on shares of FactSet Research Systems from $453.00 to $468.00 and gave the stock a “hold” rating in a report on Wednesday, April 6th. UBS Group increased their target price on shares of FactSet Research Systems from $432.00 to $454.00 and gave the stock a “neutral” rating in a report on Monday, March 28th. Stifel Nicolaus reissued a “buy” rating and issued a $432.00 target price on shares of FactSet Research Systems in a report on Friday, March 25th. Finally, Morgan Stanley increased their target price on shares of FactSet Research Systems from $346.00 to $362.00 and gave the stock an “underweight” rating in a report on Wednesday, April 6th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $444.20.

Shares of FDS stock opened at $372.45 on Tuesday. The stock has a market cap of $14.12 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.86 and a beta of 0.82. The company’s fifty day moving average price is $416.53 and its 200-day moving average price is $433.14. FactSet Research Systems has a 12 month low of $317.55 and a 12 month high of $495.39. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.47.

FactSet Research Systems (NYSE:FDSGet Rating) last issued its earnings results on Thursday, March 24th. The business services provider reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.31. FactSet Research Systems had a return on equity of 42.88% and a net margin of 25.15%. The business had revenue of $431.10 million during the quarter, compared to analyst estimates of $427.09 million. During the same quarter in the previous year, the firm earned $2.72 EPS. FactSet Research Systems’s revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts forecast that FactSet Research Systems will post 13 earnings per share for the current fiscal year.

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 2,500 shares of the stock in a transaction on Friday, April 1st. The stock was sold at an average price of $435.37, for a total value of $1,088,425.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robin Ann Abrams sold 1,767 shares of the stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $418.98, for a total value of $740,337.66. Following the completion of the sale, the director now owns 4,531 shares in the company, valued at approximately $1,898,398.38. The disclosure for this sale can be found here. Insiders have sold a total of 28,277 shares of company stock worth $12,272,402 in the last 90 days. 0.83% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. 1832 Asset Management L.P. purchased a new stake in FactSet Research Systems in the first quarter worth $2,158,000. Goldman Sachs Group Inc. increased its stake in FactSet Research Systems by 17.6% in the first quarter. Goldman Sachs Group Inc. now owns 137,752 shares of the business services provider’s stock worth $59,805,000 after purchasing an additional 20,590 shares during the period. Maverick Capital Ltd. increased its stake in FactSet Research Systems by 137.9% in the first quarter. Maverick Capital Ltd. now owns 464 shares of the business services provider’s stock worth $201,000 after purchasing an additional 269 shares during the period. Captrust Financial Advisors increased its stake in shares of FactSet Research Systems by 47.6% during the first quarter. Captrust Financial Advisors now owns 2,988 shares of the business services provider’s stock valued at $1,297,000 after buying an additional 963 shares during the period. Finally, State Street Corp increased its stake in shares of FactSet Research Systems by 1.7% during the first quarter. State Street Corp now owns 1,988,080 shares of the business services provider’s stock valued at $863,125,000 after buying an additional 32,550 shares during the period. Institutional investors and hedge funds own 89.99% of the company’s stock.

About FactSet Research Systems (Get Rating)

FactSet Research Systems Inc, a financial data and analytics company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.

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