Factset Research (FDS) Gets a Hold Rating from Cantor Fitzgerald

By Carrie Williams

Cantor Fitzgerald analyst Joseph Foresi maintained a Hold rating on Factset Research (FDSResearch Report) today and set a price target of $209. The company’s shares closed on Friday at $203.71.

Foresi commented:

“Our Neutral rating on FactSet is based on our concerns regarding the potential impact from recent economic volatility on Financial Services spending. The company is working to offset weakness in its core business with growth from new services. We expect future quarters to provide better visibility on the possible timing of a reacceleration of organic growth rates that could come from large contracts and further color on margin expansion. Valuation Summary Our PT is $209 based on 22x our 2019 non-GAAP EPS estimate.”

According to TipRanks.com, Foresi is a top 100 analyst with an average return of 16.0% and a 69.3% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.

The word on The Street in general, suggests a Hold analyst consensus rating for Factset Research with a $212.50 average price target, implying a 4.3% upside from current levels. In a report issued on January 8, Morgan Stanley also maintained a Hold rating on the stock with a $200 price target.

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Factset Research’s market cap is currently $7.76B and has a P/E ratio of 28.37. The company has a Price to Book ratio of 14.33.

Based on the recent corporate insider activity of 26 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. Earlier this month, Joseph Zimmel, a Director at FDS sold 2,622 shares for a total of $513,230.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.