FactSet Research Systems Inc. (FDS) – Credit Suisse Holds Rating And Sets New Price Target


FactSet Research Systems Inc. (NYSE:FDS).

On September 27 Morgan Stanley held the stock rating at “Equal-Weight” and raised the price expectation from $157.00 to $166.00. September 27 investment analysts at Bank of America kept the stock rating at “Underweight” and moved up the price target to $175.00 from $170.00.

On September 27 Credit Suisse left the stock rating at “Equal-Weight” but lowered the price target from $179.00 to $166.00. October 23 investment analysts at Credit Suisse held the company rating at “Outperform” and raised the price target to $205.00 from $166.00.

On October 23 Credit Suisse made no change to the company rating of “Outperform” but raised the price expectation to $205.00 from $166.00. October 23 investment analysts at Morgan Stanley kept the company rating at “Outperform” but moved up the price target to $205.00 from $166.00.

The company is now up since yesterday’s close of 186.35. The company also recently declared a dividend for shareholders paid on Tuesday September 19th, 2017. The dividend payment was $0.560 per share for the quarter which comes to $2.24 on an annualized basis. This dividend amount represented a yield of $1.23. The ex-dividend date was Tuesday the 29th of August 2017.

It is trading at $186.77 barely above the 50 day moving average which is $172.57 and well above the 200 day moving average of $165.42. The 50 day moving average went up by +8.23% and the 200 day average went up $21.35 or +12.91%.

Factset Research Systems Inc., launched on January 25, 1984, is involved in providing integrated financial information and big data analytical applications for the global investment community. The Business’s operations are organized into three segments based on geographic business activities: the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas. The European segment maintains offices in France, Germany, Italy, Ireland, Latvia, Luxembourg, the Netherlands, Spain, South Africa, Sweden and Dubai. The Asia Pacific segment has office locations in Australia, Hong Kong, Singapore and Mumbai, India. The Company delivers insight and information to investment professionals through its analytics, service, content, and technology. The Company offers third-party content through desktop, wireless and off-platform solutions..

The most current P/E ratio is 28.69 and the market value is 7.34B. As of the latest earnings report the EPS was $6.51 and is expected to be $8.19 for the current year with 39,280,000 shares currently outstanding. Next quarter’s EPS is forecasted at $2.02 and the next full year EPS is anticipated to be $9.00.

Traders are more bullish on the company if you consider the motion in short interest. The company realized a fall in short interest between September 15, 2017 and September 29, 2017 of -11.80%. Short interest fell 384,432 over that timeframe. With short interest at 2,873,096 and short average daily volume at 595,325, days to cover is 5.0 and the short interest percentage is 0.07% as of September 29.