FactSet Research Systems (FDS) is Downgraded by Raymond James to Underperform

FactSet Research Systems (FDS) was Downgraded by Raymond James to ” Underperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on Sep 27, 2016.

Many Wall Street Analysts have commented on FactSet Research Systems. Macquarie Initiated FactSet Research Systems on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $180.Credit Suisse Initiated FactSet Research Systems on Jul 12, 2016 to “Outperform”, Price Target of the shares are set at $182.

On the company’s financial health, FactSet Research Systems reported $1.69 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Sep 27, 2016. Analyst had a consensus of $1.70. The company had revenue of $287.30 million for the quarter, compared to analysts expectations of $290.06 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS.

FactSet Research Systems closed down -11.85 points or -6.73% at $164.34 with 20,73,874 shares getting traded on Tuesday. Post opening the session at $168, the shares hit an intraday low of $161.83 and an intraday high of $169.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jul 13, 2016, Joseph E Jr Laird (director) sold 1,000 shares at $165.00 per share price. According to the SEC, on Apr 15, 2016, Rachel Rebecca Stern (Senior Vice President) sold 4,583 shares at $153.37 per share price. On Apr 14, 2016, Mark J. Hale (Chief Operating Officer) sold 1,823 shares at $150.05 per share price, according to the Form-4 filing with the securities and exchange commission.

FactSet Research Systems Inc. (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S. Europe and Asia Pacific. Sales consulting data collection product development and software engineering are the primary functional groups within the U.S. Europe and Asia Pacific segments that provide global financial and economic information to investment managers investment banks and other financial services professionals. The U.S. segment services finance professionals including financial institutions throughout the Americas while the European and Asia Pacific segments service investment professionals located throughout Europe and the Asia Pacific region respectively. FactSet combines content regarding companies and securities from markets all over the globe into a single online platform of information and analytics.

FactSet Research Systems

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