FactSet Research Systems (NYSE:FDS) Downgraded to “Underweight” Rating by Wells Fargo & Company

Wells Fargo & Company cut shares of FactSet Research Systems (NYSE:FDS) from an equal weight rating to an underweight rating in a research note released on Friday, Marketbeat Ratings reports. The brokerage currently has $402.00 price objective on the business services provider’s stock, down from their prior price objective of $450.00.

A number of other equities research analysts have also commented on FDS. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. BMO Capital Markets reduced their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Morgan Stanley upped their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus upped their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $441.00.

FactSet Research Systems Trading Up 0.5 %

NYSE FDS opened at $433.01 on Friday. The firm has a market capitalization of $16.47 billion, a P/E ratio of 31.04, a PEG ratio of 2.93 and a beta of 0.77. The business has a fifty day simple moving average of $455.49 and a 200 day simple moving average of $464.69. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $499.87. 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 (NYSE:FDS) last released its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. FactSet Research Systems’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.22 EPS. On average, analysts predict that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. FactSet Research Systems’s payout ratio is 29.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp boosted its stake in FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after purchasing an additional 42,303 shares during the period. Geode Capital Management LLC boosted its stake in FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after purchasing an additional 94,668 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in FactSet Research Systems by 3.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider’s stock worth $240,184,000 after purchasing an additional 16,522 shares during the period. JPMorgan Chase & Co. boosted its stake in FactSet Research Systems by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider’s stock worth $240,653,000 after purchasing an additional 7,718 shares during the period. Finally, Invesco Ltd. boosted its stake in FactSet Research Systems by 17.2% in the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider’s stock worth $219,079,000 after purchasing an additional 66,861 shares during the period. Institutional investors own 91.24% of the company’s stock.

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.