Wells Fargo & Company Cuts FactSet Research Systems (NYSE:FDS) Price Target to $450.00

FactSet Research Systems (NYSE:FDS) had its price objective cut by Wells Fargo & Company from $500.00 to $450.00 in a research note published on Friday,Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

Several other brokerages have also recently issued reports on FDS. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. UBS Group boosted their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Finally, BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $449.38.

FactSet Research Systems Trading Down 0.2 %

NYSE:FDS opened at $440.67 on Friday. FactSet Research Systems has a one year low of $391.84 and a one year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company’s 50-day simple moving average is $462.37 and its 200 day simple moving average is $463.44. The firm has a market capitalization of $16.76 billion, a P/E ratio of 31.59, a PEG ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.12. The business had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.12 earnings per share. As a group, analysts forecast that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $1.04 per share. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.94%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.82%.

Institutional Trading of FactSet Research Systems

Several large investors have recently added to or reduced their stakes in FDS. Raymond James Trust N.A. boosted its position in shares of FactSet Research Systems by 2.3% in the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after purchasing an additional 21 shares during the period. Mount Yale Investment Advisors LLC boosted its position in shares of FactSet Research Systems by 1.4% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock worth $755,000 after purchasing an additional 22 shares during the period. Allworth Financial LP boosted its position in shares of FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares during the period. Private Trust Co. NA boosted its position in shares of FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after purchasing an additional 22 shares during the period. Finally, Kolinsky Wealth Management LLC boosted its position in shares of FactSet Research Systems by 3.2% in the fourth quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider’s stock worth $355,000 after purchasing an additional 23 shares during the period. 91.24% of the stock is currently owned by institutional investors.

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.