FactSet Research Systems (NYSE:FDS) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of FactSet Research Systems (NYSE:FDS) to a hold rating in a report released on Tuesday morning, Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Morgan Stanley lifted their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an underweight rating in a research note on Monday, June 24th. Royal Bank of Canada reiterated a sector perform rating and set a $464.00 target price on shares of FactSet Research Systems in a research note on Monday, June 24th. Jefferies Financial Group cut their price target on FactSet Research Systems from $455.00 to $378.00 and set a hold rating on the stock in a research note on Wednesday, June 5th. Finally, Bank of America downgraded FactSet Research Systems from a neutral rating to an underperform rating and decreased their price target for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $432.27.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $408.75 on Tuesday. The company’s 50 day moving average is $413.50 and its two-hundred day moving average is $435.67. The firm has a market cap of $15.55 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 2.44 and a beta of 0.75. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The business had revenue of $552.70 million for the quarter, compared to analysts’ expectations of $552.71 million. During the same period last year, the firm earned $3.79 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts expect that FactSet Research Systems will post 16.29 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s payout ratio is currently 31.37%.

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,166,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $400.00, for a total value of $1,200,000.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,166,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin Ann Abrams sold 2,375 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 9,193 shares of the company’s stock, valued at $3,867,587.03. The disclosure for this sale can be found here. Insiders have sold 12,432 shares of company stock valued at $5,117,216 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FactSet Research Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of FDS. UMB Bank n.a. lifted its stake 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 worth $27,000 after acquiring an additional 39 shares during the period. Crewe Advisors LLC lifted its position in FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the period. Quest Partners LLC boosted its holdings in 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 purchasing an additional 67 shares in the last quarter. Criterion Capital Advisors LLC purchased a new stake in FactSet Research Systems in the 4th quarter valued at approximately $30,000. Finally, Gladius Capital Management LP purchased a new position in shares of FactSet Research Systems during the 2nd quarter worth approximately $33,000. 91.24% of the stock is currently 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.