FactSet (NYSE:FDS) Rating Reaffirmed
Investment analysts at Stifel now has a $189.0 price target on FactSet (NYSE:FDS). Stifel and their recent price target would suggest a potential upside of 10.04% from the company’s previous stock close. The rating has been disclosed to clients in a very recent research note on Tuesday morning.
From a total of 10 analysts covering FactSet Research Systems Inc. (NYSE:FDS) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 13 a ”Hold”. This means that 7% of the ratings are positive. The highest target price is $189 while the lowest target price is $106. The mean of all analyst targets is $159.2 with a 1.23% above today’s ($172.38) stock price. FactSet Research Systems Inc. was the topic of 4 analyst reports since September 22, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on December 8 with “Buy” rating. Barclays Capital maintained FDS stock in a recent report from September 23 with “Equal Weight” rating.
The stock increased 0.37% or $0.63 during the last trading session, striking $172.38. Approximately shares of stock traded hands. FactSet Research Systems Inc. (NYSE:FDS) has risen 8.32% since May 6, 2015 and is uptrending. It has outperformed by 9.12% the S&P500.
Analysts await FactSet Research Systems Inc. (NYSE:FDS) to reports earnings on December, 15. They expect $1.48 earnings per share, up 12.12% or $0.16 from last year’s $1.32 per share. FDS’s profit will be $61.13 million for 29.12 P/E if the $1.48 EPS becomes reality. After $1.48 actual earnings per share reported by FactSet Research Systems Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
The overall sentiment of institutions has decreased to 1.01 in Q2 2015. Its down 0.29, from 1.3 in 2015Q2. The ratio dropped, as 28 institutions have sold all the shares of FactSet Research Systems Inc. that they owned while 132 funds have taken shares off the table. 31 funds have purchased shares for the first time while 131 added to their positions. These institutions now hold 47.12 million shares or 20.71% more than the 39.04 million shares they owned in 2015Q2.
The Fund Raub Brock Capital Management Lp currently is holding shares equating to 5.01% of its total portfolio in FactSet Research Systems Inc. representing a total of 92,809 shares. Another fund,Bares Capital Management Inc., is holding a total of 304,934 shares equating to 4.84% of their holdings. Additionally, Saybrook Capital Nc has a 42,069 share stake in FactSet Research Systems Inc. which represents 4.51% of their total portfolio. The Fund, Provident Investment Management Inc., based out of Michigan, has also built up a stake in the stock, which represents a total of 4.22% of their total portfolio. Finally American Capital Management Inc, a fund which is based in the state of New York reported a total holdings of 228,325 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 18, 2015, shareholders of FactSet Research Systems Inc. have witnessed 0 insider buys, and a total of 3 insider sales equating to a net activity of approximately $1.19 million . Stern Rachel Rebecca sold 1,720 shares worth approximately $280,360. Snow Frederick Philip sold 2,116 shares worth approximately $338,391. Hadley Philip A sold 35,000 shares worth approximately $5.58 million. Laird Joseph E Jr sold 2,500 shares worth approximately $395,000. The company insider Mcgonigle James J sold 3,000 shares worth $482,730.
FactSet Research Systems Inc. is a well-known provider of integrated financial information and analytical applications to the global investment community. The company has a market cap of $7.12 billion. The Firm operates through three divisions based on geographic business activities: the U.S., Europe and Asia Pacific. It has 30.2 P/E ratio. Sales, consulting, data collection, product development and software engineering are the primary functional groups within the U.S., Europe and Asia Pacific divisions that provide global financial and economic information to investment managers, investment banks and other financial services professionals.
According to Zacks Investment Research, “FactSet Research Systems Inc. supplies global economic and financial data to analysts, investment bankers and other financial professionals. The company combines databases from multiple suppliers into a single online source of information and analytics, including fundamental data on tens of thousands of American and international companies and securities. The company obtains financial information from several database vendors and when possible, seeks to maintain contractual relationships with a minimum of two database providers for each type of financial data. are on a flat or royalty (” Get a free copy of the Zacks research report on FactSet Research Systems Inc. (FDS).