FactSet Research Systems (NYSE:FDS) Downgraded by Wells Fargo & Company to Underweight

FactSet Research Systems (NYSE:FDS - Get Free Report) was downgraded by analysts at Wells Fargo & Company from an "equal weight" rating to an "underweight" rating in a report issued on Friday, Marketbeat.com reports. They presently have a $402.00 target price on the business services provider's stock, down from their prior target price of $450.00. Wells Fargo & Company's price target indicates a potential downside of 7.91% from the company's current price.

Several other equities research analysts also recently issued reports on FDS. BMO Capital Markets dropped their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating on the stock in a research note on Monday, December 23rd. Stifel Nicolaus boosted their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research report on Friday, December 20th. Morgan Stanley raised their price target on shares of 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 reiterated a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $436.27.

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FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock traded up $3.65 on Friday, hitting $436.51. The company's stock had a trading volume of 102,810 shares, compared to its average volume of 271,212. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $455.49 and a 200-day moving average price of $464.69. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $499.87. The company has a market capitalization of $16.60 billion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.22 earnings per share. On average, equities research analysts expect that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FactSet Research Systems

A number of institutional investors have recently bought and sold shares of the business. Everence Capital Management Inc. purchased a new stake in shares of FactSet Research Systems in the fourth quarter worth approximately $413,000. Geode Capital Management LLC boosted its stake in shares of FactSet Research Systems by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider's stock valued at $460,467,000 after buying an additional 8,376 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of FactSet Research Systems by 52.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider's stock valued at $2,003,000 after buying an additional 1,436 shares during the period. Nordea Investment Management AB increased its stake in shares of FactSet Research Systems by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock worth $164,653,000 after acquiring an additional 59,173 shares during the last quarter. Finally, Avanza Fonder AB acquired a new position in shares of FactSet Research Systems in the fourth quarter worth $1,481,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Company Profile

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.