Wells Fargo & Company Issues Pessimistic Forecast for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS) had its target price cut by equities researchers at Wells Fargo & Company from $503.00 to $500.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 10.12% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets reduced their price objective 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. UBS Group lifted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Morgan Stanley lifted their target price on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. Finally, Stifel Nicolaus lifted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $453.23.

FactSet Research Systems Trading Down 0.0 %

Shares of FactSet Research Systems stock opened at $454.07 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $499.87. The stock has a 50 day moving average price of $472.56 and a two-hundred day moving average price of $457.31. The stock has a market capitalization of $17.27 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 2.95 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 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 analysts’ expectations of $565.14 million. During the same quarter last year, the firm posted $4.12 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

Institutional Trading of FactSet Research Systems

A number of hedge funds have recently bought and sold shares of FDS. ExodusPoint Capital Management LP raised its stake in shares of FactSet Research Systems by 25.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 15,111 shares of the business services provider’s stock valued at $7,258,000 after buying an additional 3,095 shares during the period. Motley Fool Asset Management LLC raised its stake in shares of FactSet Research Systems by 7.3% in the fourth quarter. Motley Fool Asset Management LLC now owns 559 shares of the business services provider’s stock valued at $268,000 after buying an additional 38 shares during the period. World Investment Advisors bought a new stake in shares of FactSet Research Systems in the fourth quarter valued at $258,000. Huntington National Bank raised its stake in shares of FactSet Research Systems by 152.2% in the fourth quarter. Huntington National Bank now owns 734 shares of the business services provider’s stock valued at $353,000 after buying an additional 443 shares during the period. Finally, OLD Mission Capital LLC bought a new stake in shares of FactSet Research Systems in the fourth quarter valued at $3,570,000. 91.24% of the stock is currently owned by institutional investors.

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.