Credit Suisse Reiterates a Buy Rating on Factset Research

By Austin Angelo

In a report issued on November 18, Anjaneya Singh from Credit Suisse reiterated a Buy rating on Factset Research (NYSE: FDS), with a price target of $179. The company’s shares opened today at $164.

According to TipRanks.com, Singh is a 4-star analyst with an average return of 13.3% and a 70.0% success rate. Singh covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Nord Anglia Education, and Performant Financial.

Factset Research has an analyst consensus of Hold, with a price target consensus of $154.25.

Based on Factset Research’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $287 million and quarterly net profit of $144 million. In comparison, last year the company earned revenue of $262 million and had a net profit of $62.18 million.

Based on the recent corporate insider activity of 27 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. Last month, Rachel Rebecca Stern, the SVP of FDS sold 1,065 shares for a total of $169,111.

FactSet Research Systems Inc. engages in the provision of financial information and analytical applications. It offers equity, portfolio, quantitative, risk, fixed income, market, and deal analytics. The firm provides research management solutions, screening tools, industry analysis, reporting tools, and mobile solutions. It operates through the following geographical segments: U.S., Europe, and Asia Pacific. The company was founded by Howard E. Wille and Charles J. Snyder in September 1978 and is headquartered in Norwalk, CT.