Market Overview

Morgan Stanley Updates Estimates on FactSet Research Systems Following 2Q Results

Share:
Related FDS
Top 4 Mid-Cap Stocks In The Information & Delivery Services Industry With The Highest ROA
US Stock Futures Signal Lower Start On Wall Street
A Smart Sell Decision from a Harvard Man (GuruFocus)

In a report published Wednesday, Morgan Stanley analyst Toni Kaplan reiterated an Equal-Weight rating and $102.00 price target on FactSet Research Systems (NYSE: FDS).

In the report, Morgan Stanley noted, “Results for the quarter were largely in line with our ests, though we were encouraged by three factors: 1) the sequential acceleration in organic ASV of ~5.2% (vs. MSe 5.5%) vs. ~4.5% in F1Q, 2) user count growth of 1.7% q/q (vs. flat for four of the five prior quarters), and 3) revenue guidance for F3Q of $229-$333M (vs. our prior estimate of ~$229M). Operating margins were just below our estimates (33.1% vs. MSe of 33.3%) and margin guidance continued to imply further pressure (32.5%-33.5%).”

FactSet Research Systems closed on Tuesday at $114.65.

Latest Ratings for FDS

DateFirmActionFromTo
Feb 2015Stifel NicolausMaintainsBuy
Dec 2014Stifel NicolausMaintainsBuy
Dec 2014BarclaysMaintainsEqual-weight

View More Analyst Ratings for FDS
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Toni KaplanAnalyst Color Reiteration Analyst Ratings

 

Related Articles (FDS)

Around the Web, We're Loving...

Get Benzinga's Newsletters