Cantor Fitzgerald Reiterates a Hold Rating on Factset Research

Cantor Fitzgerald analyst Joseph Foresi reiterated a Hold rating on Factset Research (NYSE: FDS) today and set a price target of $161. The company’s shares opened today at $164.01.

Foresi wrote:

“1QFY17 revenues just below expectations. FactSet reported revenue of $288.1 mn (+6.5% y/y, +0.3% q/q), vs. the FactSet consensus of $289.3 mn and our estimate of $289.4 mn. Organic growth, including impact from acquisitions and dispositions was 8.4%. Adjusted EPS was $1.75, above the consensus of $1.70 and our estimate of the same. The EPS beat was driven by a lower than expected tax rate (25.9% vs. 28.5%) stemming from the realignment of certain aspects of global operations. We estimate the lower tax rate had an approximately $0.06 positive impact to adjusted EPS. Gross margin was light at 55.8%, below the consensus of 57.1%, and adjusted operating margin was 33.0%, down from 33.6% last year. The table on p.”

According to, Foresi is a 1-star analyst with an average return of -0.7% and a 42.3% success rate. Foresi covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and Computer Sciences.

Currently, the analyst consensus on Factset Research is Moderate Sell and the average price target is $147.33, representing a -10.2% downside.

In a report released today, Oppenheimer also reiterated a Hold rating on the stock.

The company has a one year high of $183.17 and a one year low of $135.95. Currently, Factset Research has an average volume of 389.5K.

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. Most recently, in October 2016, 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.