FactSet Research Systems (NYSE:FDS) Given New $500.00 Price Target at Wells Fargo & Company

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

A number of other equities research analysts have also commented on the company. Morgan Stanley increased their price target 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 reissued a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, December 20th. UBS Group upped their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets reduced their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $453.23.

FactSet Research Systems Stock Down 1.4 %

Shares of NYSE FDS opened at $454.42 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a 50-day moving average price of $473.15 and a 200-day moving average price of $457.33. The stock has a market capitalization of $17.28 billion, a P/E ratio of 32.58, a P/E/G ratio of 2.95 and a beta of 0.77. FactSet Research Systems has a 1 year low of $391.84 and a 1 year high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The firm had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.12 EPS. On average, equities research analysts forecast that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.92%. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Institutional Investors Weigh In On FactSet Research Systems

Several large investors have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in FactSet Research Systems during the third quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new stake in shares of FactSet Research Systems during the 3rd quarter valued at approximately $34,000. Brooklyn Investment Group bought a new position in FactSet Research Systems in the 3rd quarter worth approximately $35,000. Allworth Financial LP grew its stake in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after buying an additional 22 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in FactSet Research Systems by 581.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 128 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

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.