FactSet Research Systems (NYSE:FDS) PT Raised to $503.00

FactSet Research Systems (NYSE:FDS) had its target price boosted by research analysts at Royal Bank of Canada from $464.00 to $503.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “sector perform” rating on the business services provider’s stock. Royal Bank of Canada’s price target indicates a potential upside of 9.22% from the company’s current price.

A number of other research firms have also recently weighed in on FDS. UBS Group raised their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday. Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $500.00 to $407.00 in a research note on Thursday, May 30th. Morgan Stanley upped their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Wells Fargo & Company upgraded FactSet Research Systems to a “hold” rating in a research report on Tuesday, August 13th. Finally, Jefferies Financial Group reduced 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. Four analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $439.92.

FactSet Research Systems Stock Down 1.9 %

Shares of FDS stock traded down $8.96 on Friday, reaching $460.52. 46,705 shares of the stock were exchanged, compared to its average volume of 266,326. FactSet Research Systems has a twelve month low of $391.84 and a twelve month high of $488.64. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $17.52 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 2.64 and a beta of 0.75. The business’s 50 day moving average price is $420.81 and its 200 day moving average price is $428.57.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same period in the prior year, the firm posted $2.93 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts expect that FactSet Research Systems will post 16.28 earnings per share for the current fiscal year.

Insider Buying and Selling at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $408.98, for a total value of $1,226,940.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,281,976.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CTO Katherine M. Stepp sold 1,057 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $428.42, for a total transaction of $452,839.94. Following the transaction, the chief technology officer now directly owns 687 shares of the company’s stock, valued at approximately $294,324.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,281,976.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,432 shares of company stock valued at $5,166,986. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SteelPeak Wealth LLC grew its holdings in shares of FactSet Research Systems by 134.1% in the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock worth $1,073,000 after acquiring an additional 1,506 shares during the period. Bell Asset Management Ltd acquired a new stake in FactSet Research Systems in the fourth quarter valued at $6,756,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of FactSet Research Systems by 3.1% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock worth $20,321,000 after buying an additional 1,389 shares in the last quarter. Cetera Investment Advisers grew its stake in FactSet Research Systems by 214.5% in the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after acquiring an additional 3,683 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in FactSet Research Systems by 22.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider’s stock valued at $7,223,000 after acquiring an additional 2,920 shares during the last quarter. 91.24% of the stock is currently 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.