FactSet Research Systems (NYSE:FDS) Price Target Raised to $200.00 at Wells Fargo & Company

FactSet Research Systems (NYSE:FDSGet Free Report) had its price target hoisted by stock analysts at Wells Fargo & Company from $195.00 to $200.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 11.08% from the company’s current price.

A number of other brokerages have also recently weighed in on FDS. Zacks Research raised FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Barclays lowered their price target on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a report on Monday, February 23rd. Stifel Nicolaus lowered their target price on shares of FactSet Research Systems from $372.00 to $295.00 and set a “hold” rating on the stock in a research note on Friday, December 19th. Morgan Stanley set a $307.00 target price on shares of FactSet Research Systems and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Finally, UBS Group dropped their price objective on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $282.62.

Get Our Latest Stock Analysis on FactSet Research Systems

FactSet Research Systems Stock Up 3.7%

FDS stock traded up $7.92 during mid-day trading on Wednesday, hitting $224.91. 514,550 shares of the company were exchanged, compared to its average volume of 980,395. The firm has a fifty day simple moving average of $219.11 and a 200 day simple moving average of $261.90. FactSet Research Systems has a twelve month low of $185.00 and a twelve month high of $474.79. The company has a market capitalization of $8.34 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 2.09 and a beta of 0.75. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.63.

FactSet Research Systems (NYSE:FDSGet Free Report) last released its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. FactSet Research Systems had a net margin of 25.40% and a return on equity of 30.49%. The company had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. During the same period in the previous year, the firm earned $4.28 EPS. FactSet Research Systems’s revenue was up 7.1% on a year-over-year basis. On average, research analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems declared that its board has authorized a share repurchase program on Thursday, December 18th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at FactSet Research Systems

In related news, Director Laurie Siegel sold 2,572 shares of FactSet Research Systems stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $296.25, for a total transaction of $761,955.00. Following the completion of the sale, the director owned 1,037 shares of the company’s stock, valued at approximately $307,211.25. The trade was a 71.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Malcolm Frank sold 2,572 shares of the stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $295.70, for a total transaction of $760,540.40. Following the completion of the transaction, the director directly owned 879 shares in the company, valued at approximately $259,920.30. This represents a 74.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its stake in FactSet Research Systems by 5.6% during the first quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock worth $785,000 after purchasing an additional 91 shares during the last quarter. Empowered Funds LLC grew its position in FactSet Research Systems by 27.6% in the first quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock valued at $442,000 after acquiring an additional 210 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after acquiring an additional 64 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of FactSet Research Systems by 190.0% in the second quarter. Quadrant Capital Group LLC now owns 1,476 shares of the business services provider’s stock worth $660,000 after acquiring an additional 967 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of FactSet Research Systems by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,108 shares of the business services provider’s stock worth $1,390,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

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FactSet Research Systems Company Profile

(Get Free Report)

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

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