In a report released today, Glenn Greene from Oppenheimer maintained a Hold rating on Factset Research (FDS). The company’s shares closed yesterday at $233.57, close to its 52-week high of $242.99.
Greene wrote:
“FactSet reported solid 2QFY19 operating results. ASV grew 5.9% year/year organically while organic revenue grew 5.7%; both decelerated modestly but remain at healthy levels. Adjusted EPS grew ~14% to $2.42 (vs. our/Street’s $2.33/2.34 estimates). Adj. operating margin of 33.2% improved sequentially and Y/Y and easily exceeded our 32.0% estimate. FDS maintained FY19 revenue guidance, calling for revenue of $1.41-1.45B, and raised the low end of its EPS range by $0.05 to $9.50-9.65 (reflects upside 2Q results and lower tax rate assumption). We await further commentary on the conference call. Maintain Perform rating; our estimates are under review.”
According to TipRanks.com, Greene is a top 25 analyst with an average return of 18.5% and a 83.0% success rate. Greene covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Total System Services.
The word on The Street in general, suggests a Hold analyst consensus rating for Factset Research with a $210 average price target.
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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.
