FactSet (FDS) announced its quarterly results on Tuesday. The company reported $0.99 earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $1.00 by $0.01. The company’s quarterly revenue was up 13.3% on a year-over-year basis.
On a related note, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of FactSet in a research note to investors on Thursday, September 22nd. They now have a $96.00 price target on the stock. Analysts at JPMorgan Chase & Co. (NYSE: JPM) raised their price target on shares of FactSet from $86.00 to $100.00 in a research note to investors on Wednesday, September 21st. They now have a “neutral” rating on the stock. Also, analysts at JPMorgan Chase & Co. (NYSE: JPM) cut their price target on shares of FactSet from $98.00 to $86.00 in a research note to investors on Wednesday, September 14th.
Shares of FactSet (FDS) opened at 94.75 on Tuesday. FactSet (FDS) has a 52 week low of $78.25 and a 52 week high of $112.40. The stock’s 50-day moving average is $95.15 and its 200-day moving average is $93.70. The company has a market cap of $4.279 billion and a price-to-earnings ratio of 26.25.
FactSet Research Systems Inc. (FactSet) is a provider of global financial and economic information, including fundamental financial data on tens of thousands of companies worldwide. FactSet supports the investment process from initial research to published results for buy and sell-side professionals. These professionals include portfolio managers, research and performance analysts, risk managers, marketing professionals, sell-side equity research professionals, investment bankers and fixed income professionals. The Company’s applications provide users access to company analysis, multicompany comparisons, industry analysis, company screening, portfolio analysis, predictive risk measurements, alphatesting, portfolio optimization and simulation, real-time news and quotes and tools to value and analyze fixed income securities and portfolios. As of August 31, 2010, there were over 42,800 users of FactSet. On June 1, 2010, FactSet acquired Market Metrics, Inc.
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