Wells Fargo Reaffirms Their Sell Rating on Factset Research (FDS)

Wells Fargo analyst Jason Haas CFA maintained a Sell rating on Factset Research yesterday and set a price target of $215.00. The company’s shares closed yesterday at $222.62.

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According to TipRanks, Haas CFA is a 5-star analyst with an average return of 12.4% and a 64.98% success rate.

Factset Research has an analyst consensus of Hold, with a price target consensus of $296.36.

Based on Factset Research’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $607.62 million and a net profit of $152.58 million. In comparison, last year the company earned a revenue of $568.67 million and had a net profit of $150.02 million

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FDS in relation to earlier this year. Last month, Malcolm Frank, a Director at FDS sold 2,572.00 shares for a total of $760,547.49.