RBC Capital analyst Ashish Sabadra maintained a Hold rating on Factset Research (FDS – Research Report) on December 19 and set a price target of $464.00. The company’s shares closed yesterday at $470.18.
According to TipRanks, Sabadra is a 4-star analyst with an average return of 2.8% and a 55.18% success rate. Sabadra covers the Industrials sector, focusing on stocks such as ARAMARK Holdings, Automatic Data Processing, and Cintas.
In addition to RBC Capital, Factset Research also received a Hold from BMO Capital’s Jeffrey Silber in a report issued on December 20. However, on December 19, Goldman Sachs reiterated a Sell rating on Factset Research (NYSE: FDS).
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Based on Factset Research’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $535.8 million and a net profit of $65.12 million. In comparison, last year the company earned a revenue of $499.3 million and had a net profit of $104.42 million
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FDS in relation to earlier this year. Earlier this month, Ellis Christopher R, the EVP, Initiatives & P’ships of FDS sold 9,291.00 shares for a total of $4,188,017.04.
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Factset Research (FDS) Company Description:
FactSet Research Systems, Inc. provides integrated financial information, analytical applications and industry services for the investment and corporate communities. The company operates its business through the following segments: Research, Analytics & Trading, Wealth, and Content & Technology Solutions. The Research Solutions segment focuses on company analysis, idea generation, and research management. The tools within Research provide solutions to analyze public and private companies, generate ideas and discover opportunities with its proprietary data. It also allows users to monitor the global markets, to gain industry and market insights, and to collaborate on and share information across teams. The Analytics & Trading Solutions Analytics segment addresses processes around portfolio analytics, risk management and performance measurement and attribution. It also focuses on client reporting, portfolio construction, trade execution and order management. The Wealth Solutions segment is specific to the wealth management industry and creates offerings that enable wealth professionals across an entire enterprise, including home office, advisory, and client engagement. The Content & Technology Solutions segment focuses on delivering value to its clients in the way they want to consume it. Its goal is to reduce the number of customizations by standardizing and bundling its proprietary data into data feeds. FactSet Research Systems was founded by Howard E. Wille and Charles J. Snyder in September 1978 and is headquartered in Norwalk, CT.
Read More on FDS:
- FactSet price target raised to $447 from $436 at BMO Capital
- FactSet price target raised to $469 from $436 at Stifel
- FactSet falls 3% to $446.10 in pre-market after Q1 results, FY24 guidance cut
- FactSet lowers 2024 adjusted EPS view $15.60-$16.00 from $15.65-$16.15
- FactSet Reports Results for First Quarter 2024
