According to The Fly, analysts working for Deutsche Bank Aktiengesellschaft decreased their price objective for FactSet Research Systems (NYSE: FDS) in a note distributed to investors on Friday. The previous price aim of $507.00 has been revised to the new price objective of $483.00. The price target set by Deutsche Bank Aktiengesellschaft indicates that there is a possibility that the price of the company’s shares may increase by 22.36% in the relatively near future. Recently, reports from FDS have also been offered by a few other brokerages. This is because FDS is a top-rated source.
The price objective for FactSet Research Systems was reduced from $550.00 to $440.00 in a public research report by Barclays on Friday, June 24. Despite this adjustment, analysts awarded the stock an “overweight” rating. On June 26, StockNews.com downgraded its rating for FactSet Research Systems. The previous recommendation of “buy” has been replaced with “hold.” Following the completion of research on the organization that was made public on August 18, Royal Bank of Canada assigned FactSet Research Systems the rating of “outperform” and raised their price objective for the organization’s shares from $475.00 to $500.00. In a report published on Friday, June 24, Credit Suisse Group lowered their price objective on FactSet Research Systems shares from $475.00 to $390.00 while maintaining a “neutral” rating.
In a report published on Friday, June 24, FactSet Research Systems was downgraded from a “hold” rating to a “sell” rating and decreased its price target on the company from $432.00 to $394.00 in a report that was published on Friday, June 24. In addition, the price target on the stock was decreased. These two courses of action were carried out. Three research analysts have provided the firm with a recommendation to sell their shares, six research analysts have provided guidance to retain their shares, and three industry experts have provided some advice to purchase. According to a report published on Bloomberg.com, the rating for the company has been changed to “Hold,” and the consensus price target for the stock is currently set at $418.75. On Friday, shares of NYSE: FDS started trading at $394.75 each when the market began.
The current ratio, the quick ratio, and the debt-to-equity ratio all come in at 2.12, while the debt-to-equity ratio rests at 1.66. All three ratios measure liquidity. During the previous year, the price of FactSet Research Systems ranged from its lowest point of $345.92 to its greatest point of $495.39. The company has a price-to-earnings ratio of 38.74, a market value of $14.99 billion, a price-to-earnings-to-growth ratio of 2.91, and a beta of 0.79. The price-to-earnings-to-growth ratio measures the company’s ability to sustain its earnings over time. The price of the stock’s moving average over the last 50 days comes in at $431.55, while the price of the stock’s moving average over the past 200 days comes in at $410.01.
On September 22, the public was given access to the most recent quarterly report made available by FactSet Research Systems (NYSE: FDS). Earnings per share for the quarter reported by the provider of business services came in at $3.13, which was $0.07 less than the consensus estimate of $3.20 held by market experts. FactSet Research Systems had a healthy return on equity, 44.24%, and a healthy net margin, 22.41%. Both of these metrics were excellent. The overall revenue for the quarter came in at $499.30 million, which is more than the consensus expectation among industry professionals, which was $487.95 million. In the same period the year before, the company reported a profit of $2.88 for each share it had outstanding. Compared to the previous year, the company’s quarterly sales had a growth of 21.2% greater on an annual basis. As stated by market experts, FactSet Research Systems is anticipated to make earnings of 13.52 cents per share throughout the course of this year.
In related news about this topic, on August 1, the CEO of FactSet Research Systems, Frederick Philip Snow, sold 2,500 shares of the company’s stock. It was established that each share was sold at an average price of $424.92, which resulted in a total selling volume of $1,062,300.00. The price at which the shares were sold was determined. Following the successful conclusion of the sale, the Chief Executive Officer (CEO) is now the owner of 3,988 business shares, each of which is estimated to be worth approximately $1,694,580.96. The public was made aware of the transaction for the very first time through a file filed with the SEC, which may be viewed by clicking on the following link: According to some more information regarding FactSet Research Systems, Sheila B. Jordan, Director of FactSet Research Systems, sold 2,572 shares of the company’s stock on Tuesday, June 28.
This was reported in some other news regarding FactSet Research Systems. It was established that the shares were sold at an average price of $391.15 per share, which led to a total transaction volume of $1,006,037.80 in currency terms. The director is now the owner of 177 shares due to the transaction, and the full value of those shares is about $69,233.55. The transaction was disclosed to the general public through a file filed with the SEC. This filing may be located on the website of the SEC. Additionally, on August 1, Frederick Philip Snow, the company’s Chief Executive Officer, sold 2,500 of the company’s shares of stock. The selling of the shares resulted in total revenue of $1,062,300.00, with the average price at which each share could be purchased being $424.92.
The Chief Executive Officer is now the owner of 3,988 company shares, which have a combined value of $1,694,580.96 as a direct result of the transaction. Disclosures that are related to the sale might be found in this section of the website. Throughout the most recent accounting period, corporate insiders sold 7,907 company stocks for a total transaction value of $3,164,207. The sale was made during that period. The company’s management and employees collectively possess 83 percent of the company’s equity.
In the most recent few months, a number of hedge funds have altered the percentage of the company’s shares they own by increasing or decreasing it.
During the third and final quarter of 2018, Adage Capital Partners GP, L.L.C. invested in FactSet Research Systems, valued at approximately $19,489,000. During the first three months of the year, Strategy Asset Managers LLC invested about $317,000 to acquire a new stake in FactSet Research Systems. The New York State Teachers’ Retirement System boosted the amount of FactSet Research Systems shares it owned by 0.5 percent over the first three months of 2018. The New York State Teachers’ Retirement System now holds 43,852 shares of the business services provider’s stock following the acquisition of an additional 210 shares during the most recent quarter. The stock is currently valued at $19,038,000.
In addition, Gladius Capital Management LP put around 115,000 dollars into a new account that was opened with FactSet Research Systems during the first three months of the year. Last but not least, First Hawaiian Bank boosted its position in FactSet Research Systems by 15.3% during the first three months of this year. This certainly should not be considered the least important development. First Hawaiian Bank now has 4,210 shares of the business services provider’s stock, valued at $1,828,000, after purchasing an additional 559 shares during the most recent quarter. This brings the total number of shares that the bank owns to a total of 4,210. At this point, institutions own 90.38 percent of the equity in the corporation.
FactSet Research Systems, Inc. is a financial data and analytics organization serving the investing community in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. FactSet Research Systems provides integrated financial information and analytical tools. The company provides its services in several regions. The company offers research and analytics, trading workflow solutions, content, and technology solutions, and wealth management services to get information and learn more.