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

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

A number of other research analysts also recently commented on FDS. Jefferies Financial Group decreased their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a hold rating for the company in a research report on Wednesday, June 5th. Royal Bank of Canada boosted their price target on FactSet Research Systems from $464.00 to $503.00 and gave the stock a sector perform rating in a research report on Friday. UBS Group upped their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the company a neutral rating in a research note on Friday. Morgan Stanley lifted their target price on FactSet Research Systems from $350.00 to $355.00 and gave the stock an underweight rating in a research note on Monday, June 24th. Finally, Bank of America cut FactSet Research Systems from a neutral rating to an underperform rating and dropped their price target for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Four research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $446.67.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $465.91 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. The business has a 50-day moving average of $421.66 and a 200-day moving average of $428.07. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 2.64 and a beta of 0.75. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly 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. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The firm had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same period last year, the company earned $2.93 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that FactSet Research Systems will post 16.28 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,281,976.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other FactSet Research Systems news, Director Robin Ann Abrams sold 2,375 shares of the 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 transaction, the director now owns 9,193 shares in the company, valued at approximately $3,867,587.03. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,281,976.70. The disclosure for this sale can be found here. Insiders have sold a total of 11,375 shares of company stock worth $4,714,146 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of FactSet Research Systems

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of FactSet Research Systems by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock worth $2,077,267,000 after acquiring an additional 11,974 shares in the last quarter. Ninety One UK Ltd boosted its position in shares of FactSet Research Systems by 0.9% during the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock worth $496,645,000 after acquiring an additional 10,928 shares in the last quarter. PineStone Asset Management Inc. boosted its position in shares of 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 acquiring an additional 94,952 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of FactSet Research Systems by 3.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider’s stock worth $120,178,000 after acquiring an additional 9,925 shares in the last quarter. Finally, Tandem Investment Advisors Inc. boosted its position in shares of FactSet Research Systems by 1.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock worth $102,079,000 after acquiring an additional 3,485 shares in the last quarter. Institutional investors and hedge funds 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.