FactSet Research Systems (NYSE:FDS) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of FactSet Research Systems (NYSE:FDS) in a research report report published on Monday morning, MarketBeat reports. The firm issued an equal weight rating and a $435.00 target price on the business services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Bank of America cut FactSet Research Systems from a neutral rating to an underperform rating and dropped their price objective for the stock from $500.00 to $407.00 in a research note on Thursday, May 30th. Jefferies Financial Group decreased their target price on FactSet Research Systems from $455.00 to $378.00 and set a hold rating on the stock in a report on Wednesday, June 5th. Morgan Stanley boosted their target price on FactSet Research Systems from $350.00 to $355.00 and gave the stock an underweight rating in a report on Monday, June 24th. Finally, Royal Bank of Canada reissued a sector perform rating and set a $464.00 target price on shares of FactSet Research Systems in a report on Monday, June 24th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of Hold and an average target price of $432.27.

FactSet Research Systems Trading Up 1.1 %

Shares of FactSet Research Systems stock opened at $408.75 on Monday. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $488.64. The stock has a market cap of $15.55 billion, a P/E ratio of 30.83, a P/E/G ratio of 2.44 and a beta of 0.75. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $413.50 and its 200-day moving average is $435.67.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company had revenue of $552.70 million for the quarter, compared to analysts’ expectations of $552.71 million. During the same quarter in the prior year, the business posted $3.79 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts predict that FactSet Research Systems will post 16.29 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s dividend payout ratio is 31.37%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $400.00, for a total value of $1,200,000.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,166,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,166,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Katherine M. Stepp sold 1,057 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $428.42, for a total value of $452,839.94. Following the sale, the chief technology officer now directly owns 687 shares in the company, valued at $294,324.54. The disclosure for this sale can be found here. Insiders have sold a total of 12,432 shares of company stock valued at $5,117,216 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of FactSet Research Systems

Several large investors have recently modified their holdings of FDS. Criterion Capital Advisors LLC bought a new stake in shares of FactSet Research Systems during the 4th quarter worth $30,000. UMB Bank n.a. lifted its position in shares of FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after buying an additional 39 shares during the last quarter. Crewe Advisors LLC lifted 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 worth $28,000 after buying an additional 60 shares during the last quarter. Quest Partners LLC lifted its position in shares of FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of FactSet Research Systems during the 2nd quarter worth $33,000. 91.24% of the stock is owned by institutional investors and hedge funds.

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.