Wells Fargo & Company Issues Pessimistic Forecast for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS - Free Report) had its price target reduced by Wells Fargo & Company from $500.00 to $450.00 in a research report sent to investors on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the business services provider's stock.

FDS has been the subject of a number of other research reports. BMO Capital Markets dropped their price objective on FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating for the company in a research note on Monday, December 23rd. Stifel Nicolaus increased their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Morgan Stanley increased their price objective 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. UBS Group increased their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $449.38.

Remove Ads

FactSet Research Systems Trading Down 0.2 %

NYSE FDS traded down $1.03 during trading on Friday, hitting $440.67. 248,939 shares of the company's stock traded hands, compared to its average volume of 281,094. The stock has a fifty day moving average of $462.37 and a two-hundred day moving average of $463.08. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $499.87. The firm has a market cap of $16.76 billion, a P/E ratio of 31.59, a PEG ratio of 2.93 and a beta of 0.77. 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 - Get Free Report) last issued its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million during the quarter, compared to analysts' expectations of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. FactSet Research Systems's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.12 EPS. As a group, sell-side analysts expect that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $1.04 per share. The ex-dividend date is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.94%. FactSet Research Systems's dividend payout ratio (DPR) is currently 29.82%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FDS. Raymond James Financial Inc. purchased a new position in shares of FactSet Research Systems in the 4th quarter worth about $69,128,000. Point72 Asset Management L.P. purchased a new position in shares of FactSet Research Systems in the 4th quarter worth about $66,368,000. Geode Capital Management LLC raised its position in shares of FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after purchasing an additional 94,668 shares during the last quarter. Meridiem Capital Partners LP purchased a new position in shares of FactSet Research Systems in the 4th quarter worth about $41,241,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of FactSet Research Systems in the 4th quarter worth about $39,284,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

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.