Wells Fargo & Company Cuts FactSet Research Systems (NYSE:FDS) Price Target to $500.00

FactSet Research Systems (NYSE:FDS) had its target price cut by Wells Fargo & Company from $503.00 to $500.00 in a report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

A number of other brokerages have also recently commented on FDS. Morgan Stanley boosted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. BMO Capital Markets reduced their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. UBS Group boosted their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus boosted their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $453.23.

FactSet Research Systems Price Performance

FDS stock opened at $459.65 on Tuesday. The stock has a 50-day moving average price of $472.18 and a two-hundred day moving average price of $457.32. FactSet Research Systems has a 12-month low of $391.84 and a 12-month 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. The company has a market cap 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.

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

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is 29.82%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in FactSet Research Systems during the fourth quarter valued at approximately $69,128,000. Geode Capital Management LLC raised its stake in FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after buying an additional 94,668 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in FactSet Research Systems during the third quarter valued at approximately $38,909,000. Wealthfront Advisers LLC raised its stake in FactSet Research Systems by 4,104.5% during the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider’s stock valued at $36,712,000 after buying an additional 74,620 shares in the last quarter. Finally, Invesco Ltd. raised its stake in FactSet Research Systems by 17.2% during the fourth quarter. Invesco Ltd. now owns 456,149 shares of the business services provider’s stock valued at $219,079,000 after buying an additional 66,861 shares in the last quarter. Institutional investors and hedge funds 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.