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

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

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

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $466.37 on Friday. The stock has a market cap of $17.74 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. 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 firm has a 50 day simple moving average of $420.81 and a 200-day simple moving average of $428.57. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The company had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.93 earnings per share. On average, analysts expect that FactSet Research Systems will post 16.28 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were issued a $1.04 dividend. 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 31.37%.

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $408.98, for a total value of $1,226,940.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,281,976.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Robin Ann Abrams sold 2,375 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total value of $999,186.25. Following the completion of 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 available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction 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 $5,281,976.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,432 shares of company stock worth $5,166,986. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

Hedge funds have recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares during the period. Crewe Advisors LLC grew its position in shares of FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares during the last quarter. Quest Partners LLC increased its holdings in shares of FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 67 shares during the period. Gladius Capital Management LP purchased a new stake in FactSet Research Systems in the 2nd quarter valued at $33,000. Finally, SJS Investment Consulting Inc. boosted its stake in FactSet Research Systems by 300.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

About FactSet Research Systems

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.