FactSet Research Systems (NYSE:FDS) Now Covered by CICC Research

Research analysts at CICC Research assumed coverage on shares of FactSet Research Systems (NYSE:FDS – Get Rating) in a research report issued on Friday, The Fly reports. The brokerage set an “outperform” rating on the business services provider’s stock.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of FactSet Research Systems from $493.00 to $477.00 and set a “buy” rating on the stock in a research note on Wednesday, December 21st. StockNews.com began coverage on shares of FactSet Research Systems in a research note on Thursday. They issued a “hold” rating on the stock. UBS Group raised their price target on shares of FactSet Research Systems from $399.00 to $425.00 and gave the company a “neutral” rating in a research note on Wednesday, December 21st. Credit Suisse Group raised shares of FactSet Research Systems from a “neutral” rating to an “outperform” rating and raised their price target for the company from $485.00 to $500.00 in a research note on Thursday, January 12th. Finally, Barclays raised their price target on shares of FactSet Research Systems from $440.00 to $520.00 and gave the company an “overweight” rating in a research note on Friday, December 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $450.14.

FactSet Research Systems Trading Up 0.2 %

FDS stock opened at $405.81 on Friday. The company’s 50-day simple moving average is $419.88 and its 200-day simple moving average is $423.40. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.26. FactSet Research Systems has a 52-week low of $345.92 and a 52-week high of $474.13. The firm has a market cap of $15.52 billion, a P/E ratio of 36.96, a PEG ratio of 2.73 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS – Get Rating) last posted its earnings results on Tuesday, December 20th. The business services provider reported $3.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.39. FactSet Research Systems had a net margin of 22.15% and a return on equity of 41.53%. The business had revenue of $504.82 million for the quarter, compared to analyst estimates of $510.88 million. As a group, equities analysts forecast that FactSet Research Systems will post 14.83 EPS for the current fiscal year.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $422.22, for a total transaction of $1,266,660.00. Following the completion of the sale, the chief executive officer now owns 8,247 shares in the company, valued at approximately $3,482,048.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Jonathan Reeve sold 350 shares of the firm’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $403.81, for a total transaction of $141,333.50. Following the completion of the sale, the executive vice president now owns 178 shares in the company, valued at approximately $71,878.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $422.22, for a total transaction of $1,266,660.00. Following the completion of the sale, the chief executive officer now owns 8,247 shares of the company’s stock, valued at approximately $3,482,048.34. The disclosure for this sale can be found here. Insiders sold 6,350 shares of company stock worth $2,646,724 in the last 90 days. Insiders own 0.97% of the company’s stock.

Institutional Trading of FactSet Research Systems

Several institutional investors have recently added to or reduced their stakes in FDS. American Century Companies Inc. increased its holdings in FactSet Research Systems by 10.8% in the 1st quarter. American Century Companies Inc. now owns 3,246 shares of the business services provider’s stock valued at $1,409,000 after purchasing an additional 317 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in FactSet Research Systems by 9.3% in the 1st quarter. Panagora Asset Management Inc. now owns 2,236 shares of the business services provider’s stock valued at $971,000 after purchasing an additional 190 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in FactSet Research Systems by 7.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,057 shares of the business services provider’s stock valued at $2,195,000 after purchasing an additional 332 shares during the last quarter. Cibc World Market Inc. increased its holdings in FactSet Research Systems by 4.2% in the 1st quarter. Cibc World Market Inc. now owns 897 shares of the business services provider’s stock valued at $389,000 after purchasing an additional 36 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in FactSet Research Systems by 49.5% in the 1st quarter. Vontobel Holding Ltd. now owns 1,051 shares of the business services provider’s stock valued at $463,000 after purchasing an additional 348 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

FactSet Research Systems Company Profile

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FactSet Research Systems Inc (the “”Company”” or “”FactSet””) is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company’s content and multi-asset class solutions across each stage of the investment process.