FactSet Research Systems (NYSE:FDS) Price Target Lowered to $450.00 at Wells Fargo & Company

FactSet Research Systems (NYSE:FDS) had its target price lowered by Wells Fargo & Company from $500.00 to $450.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the business services provider’s stock.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley increased their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Stifel Nicolaus increased their price target 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. UBS Group increased their price target on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. Finally, BMO Capital Markets cut their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and an average target price of $449.38.

FactSet Research Systems Price Performance

FDS opened at $440.67 on Friday. The stock’s 50-day moving average price is $463.29 and its 200 day moving average price is $462.54. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market cap of $16.76 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.12 EPS. As a group, sell-side analysts expect that FactSet Research Systems will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FDS. Raymond James Financial Inc. acquired a new position in FactSet Research Systems during the fourth quarter worth approximately $69,128,000. Point72 Asset Management L.P. acquired a new position in shares of FactSet Research Systems in the fourth quarter valued at approximately $66,368,000. Geode Capital Management LLC increased its holdings in shares of FactSet Research Systems by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after purchasing an additional 94,668 shares during the period. Meridiem Capital Partners LP acquired a new position in shares of FactSet Research Systems in the fourth quarter valued at approximately $41,241,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of FactSet Research Systems in the fourth quarter valued at approximately $39,284,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

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.