FactSet Research Systems (NYSE:FDS) Stock Rating Upgraded by Wells Fargo & Company

FactSet Research Systems (NYSE:FDS) was upgraded by Wells Fargo & Company to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

Several other research analysts have also weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a research report on Monday, June 24th. Jefferies Financial Group reduced their price objective 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. Morgan Stanley boosted their target price on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a report on Monday, June 24th. Finally, Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price target for the company 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 given a hold rating to the company. According to data from MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and an average price target of $432.27.

FactSet Research Systems Stock Up 0.8 %

FDS opened at $404.33 on Tuesday. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $488.64. The business has a 50-day moving average of $413.53 and a two-hundred day moving average of $435.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. The stock has a market capitalization of $15.38 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 2.44 and a beta of 0.75.

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

Insider Buying and Selling at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,166,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems 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 completion of the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,166,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 owns 9,193 shares in the company, valued at approximately $3,867,587.03. The disclosure for this sale can be found here. Insiders have sold a total of 12,432 shares of company stock valued at $5,117,216 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

Large investors have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC boosted its holdings in shares of FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 60 shares during the period. Quest Partners LLC grew its position in shares of FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Criterion Capital Advisors LLC acquired a new stake in FactSet Research Systems during the fourth quarter worth about $30,000. Finally, Gladius Capital Management LP bought a new position in FactSet Research Systems in the second quarter worth about $33,000. 91.24% of the stock is currently owned by institutional investors.

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.