In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Hold rating on Factset Research (FDS), with a price target of $209. The company’s shares opened today at $236, close to its 52-week high of $242.99.
Foresi observed:
“. We maintain our Neutral rating on FDS and our 12-month PT of $209*. FactSet reported top-line below consensus estimates, but beat on EPS. The earnings beat versus our estimates was mostly due to stronger margins. Organic ASV growth was 5.9% y/y, lower than the 6.3% growth in the previous period, with sell-side organic growth accelerating for the fifth period in a row. Adjusted operating margin was above our expectation, up 10 bps y/y. We look to the call for details on the impact from client headwinds, color on ASV and margin results/outlook.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 20.3% and a 85.5% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
Factset Research has an analyst consensus of Hold, with a price target consensus of $210, which is a -11.0% downside from current levels. In a report released today, Oppenheimer also maintained a Hold rating on the stock.
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The company has a one-year high of $242.99 and a one-year low of $184.48. Currently, Factset Research has an average volume of 239.5K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FDS in relation to earlier this year. Most recently, in January 2019, Philip Hadley, a Director at FDS bought 7,580 shares for a total of $706,930.
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FactSet Research Systems, Inc. provides integrated financial information and analytical applications for the global investment community. The company operates its business through the following segments: Research Solutions, Portfolio Management & Trading Solutions, Analytics Solutions, Wealth Solutions, and Content & Technology Solutions.
