FactSet Research Systems (NYSE:FDS) Now Covered by Wells Fargo & Company

Analysts at Wells Fargo & Company started coverage on shares of FactSet Research Systems (NYSE:FDS) in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm set an “equal weight” rating and a $435.00 price target on the business services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 8.46% from the company’s previous close.

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

FactSet Research Systems Stock Up 1.0 %

Shares of FDS stock opened at $401.06 on Monday. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $488.64. The stock has a market cap of $15.26 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.44 and a beta of 0.75. The firm’s 50-day moving average is $413.47 and its 200-day moving average is $436.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28.

FactSet Research Systems (NYSE:FDS) last released 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 firm had revenue of $552.70 million for the quarter, compared to analyst estimates of $552.71 million. During the same quarter in the prior year, the company earned $3.79 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts predict that FactSet Research Systems will post 16.29 EPS 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 stock was 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 directly owns 12,915 shares in the company, valued at approximately $5,166,000. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,166,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total transaction of $999,186.25. Following the sale, the director now directly owns 9,193 shares in the company, valued at approximately $3,867,587.03. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,432 shares of company stock valued at $5,117,216. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of FactSet Research Systems

Hedge funds have recently made changes to their positions in the company. Legacy Financial Advisors Inc. boosted its position in FactSet Research Systems by 4.0% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock worth $341,000 after buying an additional 32 shares during the period. Ensign Peak Advisors Inc raised its stake in shares of FactSet Research Systems by 0.6% during the second quarter. Ensign Peak Advisors Inc now owns 22,727 shares of the business services provider’s stock valued at $9,279,000 after acquiring an additional 140 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of FactSet Research Systems by 4.5% during the second quarter. Ameritas Investment Partners Inc. now owns 4,664 shares of the business services provider’s stock worth $1,904,000 after purchasing an additional 200 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in FactSet Research Systems by 323.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,337 shares of the business services provider’s stock valued at $546,000 after purchasing an additional 1,021 shares during the period. Finally, XTX Topco Ltd acquired a new stake in FactSet Research Systems in the second quarter valued at $2,637,000. 91.24% of the stock is owned by institutional investors and hedge funds.

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.