FactSet Research Systems (NYSE:FDS) Cut to Sell at Rothschild & Co Redburn

FactSet Research Systems (NYSE:FDS) was downgraded by stock analysts at Rothschild & Co Redburn from a “neutral” rating to a “sell” rating in a report released on Thursday. They presently have a $215.00 price objective on the business services provider’s stock. Rothschild & Co Redburn’s price objective suggests a potential downside of 6.02% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. The Goldman Sachs Group cut FactSet Research Systems from a “sell” rating to an “underweight” rating in a research report on Thursday. Barclays decreased their price target on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research note on Monday, February 23rd. Wells Fargo & Company increased their price objective on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Wednesday, April 1st. UBS Group reduced their price objective on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Reduce” and an average target price of $267.69.

FactSet Research Systems Stock Down 3.7%

Shares of FDS opened at $228.76 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. The company has a 50-day simple moving average of $231.15 and a 200-day simple moving average of $242.16. FactSet Research Systems has a 52 week low of $185.00 and a 52 week high of $453.41. The firm has a market capitalization of $8.33 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.98 and a beta of 0.71.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.37 by $0.09. The firm had revenue of $611.02 million for the quarter, compared to analyst estimates of $604.78 million. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.28 earnings per share. On average, equities research analysts expect that FactSet Research Systems will post 17.66 earnings per share for the current year.

Institutional Investors Weigh In On FactSet Research Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of FactSet Research Systems by 444,058.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock worth $4,021,376,000 after purchasing an additional 13,854,613 shares in the last quarter. Bamco Inc. NY boosted its holdings in shares of FactSet Research Systems by 58.8% in the 4th quarter. Bamco Inc. NY now owns 2,888,845 shares of the business services provider’s stock worth $838,314,000 after acquiring an additional 1,069,786 shares in the last quarter. AQR Capital Management LLC grew its position in FactSet Research Systems by 4,547.4% during the 4th quarter. AQR Capital Management LLC now owns 705,062 shares of the business services provider’s stock worth $204,602,000 after acquiring an additional 689,891 shares during the last quarter. Bank of Montreal Can grew its position in FactSet Research Systems by 1,843.9% during the 4th quarter. Bank of Montreal Can now owns 597,723 shares of the business services provider’s stock worth $173,453,000 after acquiring an additional 566,975 shares during the last quarter. Finally, Norges Bank acquired a new stake in FactSet Research Systems during the 4th quarter valued at $151,492,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.