FactSet Research Systems (NYSE:FDS) Cut to “Underweight” at Wells Fargo & Company

Wells Fargo & Company cut shares of FactSet Research Systems (NYSE:FDS) from an equal weight rating to an underweight rating in a research note issued to investors on Friday morning, MarketBeat reports. They currently have $402.00 target price on the business services provider’s stock, down from their previous target price of $450.00.

Other analysts have also recently issued reports about the company. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. BMO Capital Markets reduced their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Morgan Stanley boosted their price target on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price target 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 research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the company 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 company has a market cap of $16.47 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.93 and a beta of 0.77. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $499.87. The stock has a 50-day moving average price of $455.49 and a two-hundred day moving average price of $464.69.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.22 earnings per share. As a group, analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s payout ratio is presently 29.82%.

Institutional Trading of FactSet Research Systems

Several institutional investors have recently added to or reduced their stakes in FDS. Raymond James Financial Inc. bought a new stake in FactSet Research Systems in the fourth quarter valued at approximately $69,128,000. Point72 Asset Management L.P. acquired a new position in FactSet Research Systems in the fourth quarter valued at approximately $66,368,000. Geode Capital Management LLC lifted its stake in FactSet Research Systems by 9.4% in 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 during the period. Meridiem Capital Partners LP acquired a new position in FactSet Research Systems in the fourth quarter valued at approximately $41,241,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in FactSet Research Systems in the fourth quarter valued at approximately $39,284,000. 91.24% of the stock is currently 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.