Wells Fargo & Company Lowers FactSet Research Systems (NYSE:FDS) Price Target to $500.00

FactSet Research Systems (NYSE:FDS) had its price objective dropped by stock analysts at Wells Fargo & Company from $503.00 to $500.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 8.68% from the stock’s previous close.

A number of other brokerages have also commented on FDS. UBS Group upped their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. BMO Capital Markets lowered their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Morgan Stanley boosted their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $453.23.

FactSet Research Systems Price Performance

NYSE:FDS opened at $460.07 on Tuesday. The company has a market cap of $17.50 billion, a P/E ratio of 32.98, a P/E/G ratio of 2.95 and a beta of 0.77. The firm’s fifty day moving average price is $473.77 and its two-hundred day moving average price is $457.06. FactSet Research Systems has a one year low of $391.84 and a one year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same quarter in the prior year, the business earned $4.12 EPS. FactSet Research Systems’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts expect that FactSet Research Systems will post 17.21 earnings per share for the current year.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently bought and sold shares of FDS. Raymond James Trust N.A. grew its holdings in FactSet Research Systems by 2.3% during the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after acquiring an additional 21 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its position in shares of FactSet Research Systems by 1.4% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock valued at $755,000 after purchasing an additional 22 shares in the last quarter. Allworth Financial LP grew its stake in FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares during the period. Private Trust Co. NA increased its holdings in FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after purchasing an additional 22 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in FactSet Research Systems by 2.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider’s stock valued at $583,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds 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.