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

Royal Bank of Canada reissued their sector perform rating on shares of FactSet Research Systems (NYSE:FDS) in a report issued on Monday morning,Benzinga reports. The brokerage currently has a $503.00 target price on the business services provider’s stock.

Several other brokerages have also weighed in on FDS. Morgan Stanley lifted their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. UBS Group upped their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Stifel Nicolaus raised their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Wells Fargo & Company lowered their price target on FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, BMO Capital Markets dropped 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. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $449.38.

FactSet Research Systems Stock Up 0.6 %

Shares of FDS opened at $443.35 on Monday. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $499.87. The firm has a market capitalization of $16.86 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.93 and a beta of 0.77. The company has a 50-day simple moving average of $461.58 and a 200-day simple moving average of $463.69. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. FactSet Research Systems’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.12 EPS. On average, equities research analysts expect that FactSet Research Systems will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new position in shares of FactSet Research Systems during the fourth quarter valued at $29,000. Capital Performance Advisors LLP bought a new stake in FactSet Research Systems during the 3rd quarter worth about $34,000. Brooklyn Investment Group acquired a new position in FactSet Research Systems during the 3rd quarter valued at about $35,000. Allworth Financial LP boosted its stake in shares of FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 22 shares during the last quarter. Finally, Continuum Advisory LLC grew its position in shares of FactSet Research Systems by 5,200.0% during the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds 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.