FactSet Research Systems (NYSE:FDS) had its price target lifted by Wells Fargo & Co from $190.00 to $225.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. Wells Fargo & Co’s target price points to a potential upside of 0.33% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $251.00 price objective for the company in a research note on Tuesday, August 28th. Morgan Stanley set a $210.00 price objective on shares of FactSet Research Systems and gave the stock a “hold” rating in a research note on Thursday, September 13th. Finally, ValuEngine raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. FactSet Research Systems currently has an average rating of “Hold” and an average price target of $212.33.

Shares of FactSet Research Systems stock opened at $224.26 on Wednesday. FactSet Research Systems has a 12-month low of $175.69 and a 12-month high of $237.29. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 2.24 and a beta of 0.99.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, September 25th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.01). FactSet Research Systems had a net margin of 19.78% and a return on equity of 57.06%. The company had revenue of $345.90 million during the quarter, compared to analysts’ expectations of $346.39 million. During the same period last year, the business posted $1.90 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. sell-side analysts predict that FactSet Research Systems will post 9.54 earnings per share for the current year.

In other news, CFO Maurizio Nicolelli sold 10,487 shares of the firm’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $203.89, for a total transaction of $2,138,194.43. Following the completion of the transaction, the chief financial officer now directly owns 11,352 shares of the company’s stock, valued at approximately $2,314,559.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Philip A. Hadley sold 70,000 shares of the firm’s stock in a transaction that occurred on Friday, July 13th. The stock was sold at an average price of $203.63, for a total transaction of $14,254,100.00. Following the transaction, the director now directly owns 651,191 shares of the company’s stock, valued at $132,602,023.33. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Capital Insight Partners LLC grew its stake in FactSet Research Systems by 2.7% in the 2nd quarter. Capital Insight Partners LLC now owns 10,108 shares of the business services provider’s stock worth $2,002,000 after acquiring an additional 268 shares during the period. Capital Investment Services of America Inc. grew its stake in FactSet Research Systems by 0.5% in the 2nd quarter. Capital Investment Services of America Inc. now owns 53,412 shares of the business services provider’s stock worth $10,581,000 after acquiring an additional 278 shares during the period. Aperio Group LLC grew its stake in FactSet Research Systems by 2.4% in the 1st quarter. Aperio Group LLC now owns 11,762 shares of the business services provider’s stock worth $2,346,000 after acquiring an additional 280 shares during the period. Suntrust Banks Inc. grew its stake in FactSet Research Systems by 19.0% in the 1st quarter. Suntrust Banks Inc. now owns 1,794 shares of the business services provider’s stock worth $356,000 after acquiring an additional 286 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in FactSet Research Systems by 13.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,504 shares of the business services provider’s stock worth $496,000 after acquiring an additional 288 shares during the period. 91.50% of the stock is owned by hedge funds and other institutional investors.

About FactSet Research Systems

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

See Also: Asset Allocation Models, Which is Right For You?

The Fly

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.