Wells Fargo & Company Issues Pessimistic Forecast for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS) had its price target trimmed by Wells Fargo & Company from $503.00 to $500.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the business services provider’s stock.

Several other research firms have also commented on FDS. BMO Capital Markets lowered their target price on 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. Morgan Stanley upped their target price on 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 increased their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. Finally, Stifel Nicolaus increased their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Five equities research 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 an average rating of “Hold” and an average target price of $453.23.

FactSet Research Systems Stock Up 1.2 %

NYSE:FDS opened at $459.65 on Tuesday. The firm has a market capitalization of $17.48 billion, a PE ratio of 32.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.77. The stock has a 50 day moving average of $472.18 and a 200-day moving average of $457.32. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

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

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s payout ratio is currently 29.82%.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDS. Catalyst Capital Advisors LLC bought a new position in FactSet Research Systems during the 3rd quarter valued at $26,000. Capital Performance Advisors LLP bought a new position in FactSet Research Systems during the 3rd quarter valued at $34,000. Brooklyn Investment Group bought a new position in FactSet Research Systems during the 3rd quarter valued at $35,000. Allworth Financial LP boosted its stake in FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 22 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in FactSet Research Systems by 581.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 128 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

About FactSet Research Systems

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.