FactSet Research Systems’ (FDS) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of FactSet Research Systems (NYSE:FDS) in a report published on Friday morning,Benzinga reports. Royal Bank of Canada currently has a $503.00 price objective on the business services provider’s stock.

FDS has been the topic of a number of other reports. BMO Capital Markets raised their price target on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. UBS Group upped their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Stifel Nicolaus raised their price target on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Finally, Morgan Stanley boosted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $453.69.

FactSet Research Systems Trading Down 1.3 %

Shares of NYSE FDS opened at $483.52 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $476.92 and its two-hundred day moving average price is $442.24. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $499.87. The stock has a market capitalization of $18.37 billion, a P/E ratio of 34.79, a PEG ratio of 3.15 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same period in the prior year, the company posted $4.12 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. On average, analysts anticipate that FactSet Research Systems will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, November 29th. FactSet Research Systems’s payout ratio is currently 29.93%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This trade represents a 84.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the sale, the chief executive officer now directly owns 12,987 shares in the company, valued at $5,910,253.83. This represents a 18.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,984 shares of company stock valued at $10,981,107. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

Several large investors have recently made changes to their positions in FDS. Raymond James Trust N.A. raised its holdings in shares of FactSet Research Systems by 2.3% in the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after purchasing an additional 21 shares in the last quarter. Andina Capital Management LLC increased its holdings in shares of FactSet Research Systems by 3.8% in the third quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock valued at $329,000 after buying an additional 26 shares in the last quarter. Argent Trust Co increased its holdings in shares of FactSet Research Systems by 2.1% in the second quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock valued at $536,000 after buying an additional 27 shares in the last quarter. Legacy Financial Advisors Inc. lifted its position in shares of 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 valued at $341,000 after acquiring an additional 32 shares during the last quarter. Finally, HBK Sorce Advisory LLC boosted its stake in shares of FactSet Research Systems by 4.8% during the 2nd quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider’s stock worth $300,000 after acquiring an additional 34 shares in the last quarter. 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.