FactSet Research Systems (NYSE:FDS) Earns “Sector Perform” Rating from Royal Bank of Canada

FactSet Research Systems (NYSE:FDS)‘s stock had its “sector perform” rating restated by research analysts at Royal Bank of Canada in a research note issued to investors on Friday,Benzinga reports. They currently have a $503.00 price objective on the business services provider’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 3.95% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets lifted their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a report on Friday. UBS Group lifted their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, Wells Fargo & Company upped their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Five equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $450.00.

FactSet Research Systems Stock Down 2.4 %

Shares of NYSE:FDS opened at $483.90 on Friday. The company has a 50 day moving average price of $461.60 and a two-hundred day moving average price of $433.69. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $18.38 billion, a PE ratio of 34.81, a PEG ratio of 3.25 and a beta of 0.75. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.93 EPS. Analysts forecast that FactSet Research Systems will post 17.2 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This represents a 18.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,984 shares of company stock valued at $12,230,877 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Institutional Trading of FactSet Research Systems

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of FactSet Research Systems by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock worth $2,077,267,000 after acquiring an additional 11,974 shares during the period. State Street Corp lifted its holdings in FactSet Research Systems by 2.2% during the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after purchasing an additional 42,303 shares during the last quarter. Ninety One UK Ltd boosted its position in FactSet Research Systems by 0.9% during the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock worth $496,645,000 after purchasing an additional 10,928 shares during the period. Geode Capital Management LLC increased its holdings in shares of FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of FactSet Research Systems by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock valued at $171,702,000 after purchasing an additional 4,113 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

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.