FactSet Research Systems (NYSE:FDS) has been assigned a $185.00 price target by stock analysts at Wells Fargo & Company in a research note issued on Wednesday. The brokerage currently has a “hold” rating on the business services provider’s stock. Wells Fargo & Company’s target price would suggest a potential downside of 5.11% from the company’s previous close.

A number of other research firms also recently issued reports on FDS. Morgan Stanley reissued an “equal weight” rating and issued a $166.00 target price (up from $157.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Barclays increased their target price on FactSet Research Systems from $164.00 to $175.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 27th. DA Davidson initiated coverage on FactSet Research Systems in a research note on Thursday, December 14th. They issued a “neutral” rating and a $174.00 target price on the stock. Bank of America reissued a “neutral” rating and issued a $192.00 target price (up from $180.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $169.00 target price (up from $163.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $182.17.

FactSet Research Systems (FDS) opened at $194.96 on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.64 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $7,331.51, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97. FactSet Research Systems has a twelve month low of $155.09 and a twelve month high of $207.25.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, December 19th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.06. The business had revenue of $329.10 million during the quarter, compared to the consensus estimate of $330.49 million. FactSet Research Systems had a return on equity of 54.65% and a net margin of 20.76%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.75 earnings per share. equities analysts forecast that FactSet Research Systems will post 8.34 EPS for the current year.

In related news, COO Mark J. Hale sold 9,458 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the sale, the chief operating officer now directly owns 11,314 shares of the company’s stock, valued at $2,040,366.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Matthew J. Mcnulty sold 1,049 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $181.00, for a total value of $189,869.00. Following the sale, the vice president now directly owns 2,499 shares in the company, valued at $452,319. The disclosure for this sale can be found here. Insiders have sold 17,841 shares of company stock worth $3,224,739 over the last ninety days. 2.70% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. ETF Managers Group LLC purchased a new stake in shares of FactSet Research Systems during the second quarter valued at $121,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of FactSet Research Systems during the second quarter valued at $126,000. Turner Investments LLC purchased a new stake in shares of FactSet Research Systems during the third quarter valued at $144,000. Fieldpoint Private Securities LLC purchased a new position in FactSet Research Systems in the third quarter worth about $195,000. Finally, Visionary Asset Management Inc. purchased a new position in FactSet Research Systems in the third quarter worth about $205,000. 93.68% of the stock is currently owned by institutional investors.

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About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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