Oppenheimer analyst Glenn Greene maintained a Hold rating on Factset Research (FDS) today. The company’s shares opened today at $208.37.
Greene said:
“FactSet reported relatively mixed 1QFY19 operating results. Both organic ASV and revenue growth accelerated during the quarter, to 6.3% and 6.4% Y/Y, respectively. Organic ASV grew by $11M Q/Q benefiting from the recent BAML win; however, we suspect implies relatively nominal Q/Q growth ex. BAML. Adjusted EPS grew ~15% Y/Y to $2.35 (vs. our/Street’s $2.29 estimates) with a ~$0.09 benefit from a lower than expected tax rate. Adj. operating margin improved sequentially to 31.5%, but fell modestly below our 31.9% estimate. FDS maintained its FY19 guidance, calling for revenue of $1.41-1.45B and an EPS range of $9.45-9.65. Shares currently trade at ~19x our revised FY20E EPS. Maintain Perform rating.”
According to TipRanks.com, Greene is a top 25 analyst with an average return of 16.6% and a 70.9% 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 $213.13, representing a 2.3% upside. In a report issued on December 7, Barclays also upgraded the stock to Hold with a $235 price target.
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Based on Factset Research’s latest earnings release for the quarter ending August 31, the company reported a quarterly net profit of $68.82 million. In comparison, last year the company had a net profit of $70.38 million.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock.
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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.
