Oppenheimer analyst Glenn Greene maintained a Hold rating on Factset Research (NYSE: FDS) today. The company’s shares closed yesterday at $197.48.
Greene noted:
“Following meetings with management, we remain encouraged by FDS’s strategic positioning focused on portfolio life-cycle workflow solutions, and its attractive growth opportunities within of aggregate ASV growing high-single-digits). However, secular headwinds persist within its historical buy- side/sell-side workstation business, and drag Trading growth (perhaps flat to LSD growth in 3Q18). FDS remains confident it can achieve 100bps annual margin expansion in FY19/FY20, driven largely by acquisition integration and restructuring savings. FDS anticipates market share gains, pricing, and new solutions (e.g., Open FactSet, order and execution management) to help accelerate growth. Given recent ASV growth coupled with ongoing macro challenges, we believe shares are fairly valued at ~20x our CY19E EPS.”
According to TipRanks.com, Greene is a top 25 analyst with an average return of 21.5% and a 83.7% success rate. Greene covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Total System Services.
Currently, the analyst consensus on Factset Research is a Hold with an average price target of $191.50, representing a -3.0% downside. In a report issued on June 27, Cantor Fitzgerald also maintained a Hold rating on the stock with a $203 price target.
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The company has a one-year high of $217.36 and a one-year low of $155.09. Currently, Factset Research has an average volume of 311.4K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2018, Maurizio Nicolelli, the CFO of FDS sold 5,675 shares for a total of $1,123,650.
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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.
