Wells Fargo & Company Raises FactSet Research Systems (NYSE:FDS) Price Target to $503.00

FactSet Research Systems (NYSE:FDS) had its price target upped by Wells Fargo & Company from $435.00 to $503.00 in a research report report published on Friday, Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

A number of other analysts have also weighed in on the stock. Morgan Stanley raised their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an underweight rating in a report on Monday, June 24th. Jefferies Financial Group lowered their target price on FactSet Research Systems from $455.00 to $378.00 and set a hold rating for the company in a research note on Wednesday, June 5th. Bank of America lowered FactSet Research Systems from a neutral rating to an underperform rating and cut their price target for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. UBS Group lifted their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the stock a neutral rating in a research report on Friday. Finally, Royal Bank of Canada upped 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. Four equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems currently has an average rating of Hold and a consensus price target of $446.67.

FactSet Research Systems Trading Down 0.8 %

FDS stock opened at $465.91 on Friday. The business has a fifty day moving average price of $421.66 and a 200 day moving average price of $428.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $488.64. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 2.64 and a beta of 0.75.

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

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems’s payout ratio is presently 31.37%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, Director Robin Ann Abrams sold 2,375 shares of the company’s 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 completion of the sale, the director now owns 9,193 shares of the company’s stock, valued at $3,867,587.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robin Ann Abrams sold 2,375 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the sale, the director now directly owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,375 shares of company stock valued at $4,714,146. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

Several large investors have recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of FactSet Research Systems by 2,873.9% during the second quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock worth $48,822,000 after acquiring an additional 115,561 shares in the last quarter. Norges Bank bought a new position in FactSet Research Systems during the 4th quarter worth about $47,977,000. PineStone Asset Management Inc. increased its holdings in FactSet Research Systems by 53.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after purchasing an additional 94,952 shares in the last quarter. Norden Group LLC lifted its holdings in shares of FactSet Research Systems by 1,844.5% in the first quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock valued at $20,761,000 after purchasing an additional 43,346 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of FactSet Research Systems by 21.5% during the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after buying an additional 41,717 shares during the period. Institutional investors own 91.24% of the company’s stock.

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.