Wells Fargo & Company Forecasts Strong Price Appreciation for FactSet Research Systems (NYSE:FDS) Stock

FactSet Research Systems (NYSE:FDSGet Free Report) had its price target hoisted by equities research analysts at Wells Fargo & Company from $195.00 to $200.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential downside of 11.08% from the stock’s previous close.

A number of other research analysts have also weighed in on FDS. Evercore lifted their price objective on shares of FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a research note on Thursday, January 8th. Royal Bank Of Canada decreased their price target on FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 18th. Barclays cut their price target on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a research note on Monday, February 23rd. Jefferies Financial Group restated a “hold” rating and set a $305.00 target price on shares of FactSet Research Systems in a report on Friday, December 19th. Finally, Zacks Research raised shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $282.62.

Check Out Our Latest Stock Report on FactSet Research Systems

FactSet Research Systems Stock Performance

Shares of FDS traded up $7.92 during mid-day trading on Wednesday, hitting $224.91. The stock had a trading volume of 514,550 shares, compared to its average volume of 980,395. FactSet Research Systems has a 52 week low of $185.00 and a 52 week high of $474.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.54 and a quick ratio of 1.54. The business has a fifty day moving average price of $219.11 and a 200-day moving average price of $261.90. The firm has a market cap of $8.34 billion, a P/E ratio of 14.30, a PEG ratio of 2.09 and a beta of 0.75.

FactSet Research Systems (NYSE:FDSGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.37 by $0.09. The business had revenue of $611.02 million for the quarter, compared to analysts’ expectations of $604.78 million. FactSet Research Systems had a return on equity of 30.49% and a net margin of 25.40%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $4.28 EPS. On average, equities research analysts expect that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems declared that its board has authorized a share repurchase plan on Thursday, December 18th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 5.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at FactSet Research Systems

In other news, Director Malcolm Frank sold 2,572 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $295.70, for a total value of $760,540.40. Following the transaction, the director directly owned 879 shares in the company, valued at $259,920.30. The trade was a 74.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laurie Siegel sold 2,572 shares of the stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $296.25, for a total value of $761,955.00. Following the sale, the director owned 1,037 shares of the company’s stock, valued at $307,211.25. This represents a 71.27% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of FactSet Research Systems by 444,058.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock worth $4,021,376,000 after acquiring an additional 13,854,613 shares during the last quarter. Bamco Inc. NY boosted its position in FactSet Research Systems by 58.8% in the 4th quarter. Bamco Inc. NY now owns 2,888,845 shares of the business services provider’s stock valued at $838,314,000 after buying an additional 1,069,786 shares during the period. AQR Capital Management LLC grew its stake in FactSet Research Systems by 4,547.4% in the 4th quarter. AQR Capital Management LLC now owns 705,062 shares of the business services provider’s stock worth $204,602,000 after acquiring an additional 689,891 shares in the last quarter. Bank of Montreal Can increased its position in shares of FactSet Research Systems by 1,843.9% during the fourth quarter. Bank of Montreal Can now owns 597,723 shares of the business services provider’s stock worth $173,453,000 after acquiring an additional 566,975 shares during the period. Finally, Norges Bank bought a new position in FactSet Research Systems in the fourth quarter worth approximately $151,492,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems News Roundup

Here are the key news stories impacting FactSet Research Systems this week:

About FactSet Research Systems

(Get Free Report)

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

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