FactSet Research Systems (NYSE:FDS) Downgraded to “Underweight” Rating by Wells Fargo & Company

FactSet Research Systems (NYSE:FDS) was downgraded by research analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Friday, MarketBeat reports. They currently have a $402.00 price objective on the business services provider’s stock, down from their previous price objective of $450.00. Wells Fargo & Company‘s target price would suggest a potential downside of 7.16% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Morgan Stanley raised their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. Stifel Nicolaus raised their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets reduced their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Five analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $441.00.

FactSet Research Systems Stock Up 0.5 %

Shares of NYSE FDS opened at $433.01 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $16.47 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The stock’s fifty day simple moving average is $455.49 and its two-hundred day simple moving average is $464.45. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to analysts’ expectations of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.22 EPS. As a group, analysts expect that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

Hedge Funds Weigh In On FactSet Research Systems

Institutional investors have recently modified their holdings of the stock. Raymond James Trust N.A. increased its stake in shares of FactSet Research Systems by 2.3% in the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 21 shares in the last quarter. Mount Yale Investment Advisors LLC increased its stake in shares of FactSet Research Systems by 1.4% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock valued at $755,000 after purchasing an additional 22 shares in the last quarter. Allworth Financial LP increased its stake in shares of FactSet Research Systems by 19.1% in 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. Private Trust Co. NA increased its stake in shares of FactSet Research Systems by 8.2% in the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 22 shares in the last quarter. Finally, Kolinsky Wealth Management LLC increased its stake in shares of FactSet Research Systems by 3.2% in the 4th quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider’s stock valued at $355,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other 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.