Cantor Fitzgerald analyst Joseph Foresi maintained a Hold rating on Factset Research (NYSE: FDS) today and set a price target of $203. The company’s shares closed yesterday at $231.65, close to its 52-week high of $237.29.
Foresi commented:
“. We maintain our Neutral rating on FDS and our 12-month PT of $203*. FactSet reported top-line results in line with consensus, while earnings slightly missed estimates. Organic ASV growth was 5.7% y/y, above the 5.3% growth in the previous period, with both buy-side and sell-side organic growth accelerating. Adjusted operating margin was below expectations, down 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 23.1% and a 88.0% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
Currently, the analyst consensus on Factset Research is a Hold with an average price target of $196.50, representing a -15.2% downside. In a report issued on September 13, Morgan Stanley also maintained a Hold rating on the stock with a $210 price target.
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Based on Factset Research’s latest earnings release for the quarter ending May 31, the company reported a quarterly net profit of $74.75 million. In comparison, last year the company had a net profit of $59.55 million.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2018, Maurizio Nicolelli, the CFO of FDS sold 10,487 shares for a total of $2,138,220.
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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.
