FactSet Research Systems (NYSE:FDS) Price Target Increased to $503.00 by Analysts at Wells Fargo & Company

FactSet Research Systems (NYSE:FDS) had its price target upped by stock analysts at Wells Fargo & Company from $435.00 to $503.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 8.28% from the stock’s current price.

FDS has been the topic of a number of other research reports. Royal Bank of Canada boosted their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research report on Friday. Jefferies Financial Group cut their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. UBS Group boosted their target price on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research report on Friday. Morgan Stanley raised their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Finally, Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Four investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $445.58.

FactSet Research Systems Trading Down 1.1 %

NYSE:FDS traded down $4.96 on Friday, reaching $464.52. 80,449 shares of the stock traded hands, compared to its average volume of 266,512. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $488.64. The company’s 50 day moving average is $420.81 and its 200-day moving average is $428.57. The firm has a market capitalization of $17.67 billion, a price-to-earnings ratio of 35.03, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The company had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.93 EPS. Equities research analysts anticipate that FactSet Research Systems will post 16.28 EPS for the current fiscal year.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $408.98, for a total value of $1,226,940.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total value of $999,186.25. Following the sale, the director now owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $408.98, for a total value of $1,226,940.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,432 shares of company stock valued at $5,166,986. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. UMB Bank n.a. boosted its position in FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after purchasing an additional 39 shares during the period. Crewe Advisors LLC grew its position in shares of FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 60 shares in the last quarter. Quest Partners LLC grew its position in FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Gladius Capital Management LP bought a new position in FactSet Research Systems in the 2nd quarter worth about $33,000. Finally, SJS Investment Consulting Inc. raised its stake in FactSet Research Systems by 300.0% in the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.