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

FactSet Research Systems (NYSE:FDS) had its price target reduced by analysts at Wells Fargo & Company from $500.00 to $450.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 2.12% from the company’s current price.

FDS has been the topic of several other research reports. BMO Capital Markets decreased their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. Stifel Nicolaus increased their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. UBS Group increased their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, Morgan Stanley increased their target price on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $449.38.

FactSet Research Systems Stock Performance

FDS opened at $440.67 on Friday. The stock has a market cap of $16.76 billion, a PE ratio of 31.59, a P/E/G ratio of 2.93 and a beta of 0.77. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems has a 1 year low of $391.84 and a 1 year high of $499.87. The stock’s 50 day simple moving average is $462.37 and its 200-day simple moving average is $463.08.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $565.14 million. During the same period in the prior year, the business posted $4.12 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. Sell-side analysts forecast that FactSet Research Systems will post 17.21 EPS for the current year.

Hedge Funds Weigh In On FactSet Research Systems

Hedge funds have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC acquired a new position in FactSet Research Systems in the third quarter valued at about $26,000. Cary Street Partners Financial LLC acquired a new position in FactSet Research Systems in the fourth quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new position in FactSet Research Systems in the third quarter valued at about $34,000. Brooklyn Investment Group acquired a new position in FactSet Research Systems in the third quarter valued at about $35,000. Finally, Allworth Financial LP lifted its stake in FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after buying an additional 22 shares during the period. 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.