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

Royal Bank of Canada reiterated their sector perform rating on shares of FactSet Research Systems (NYSE:FDS) in a research note released on Friday,Benzinga reports. Royal Bank of Canada currently has a $503.00 target price on the business services provider’s stock.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company boosted 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. Evercore ISI began coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective on the stock. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. BMO Capital Markets upped their price target on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Stifel Nicolaus lifted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, FactSet Research Systems has an average rating of “Hold” and an average target price of $450.00.

FactSet Research Systems Stock Performance

NYSE FDS opened at $483.90 on Friday. The firm has a market cap of $18.38 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 3.20 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $499.87. The company has a 50 day moving average of $461.60 and a 200-day moving average of $433.79.

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

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.86%. FactSet Research Systems’s dividend payout ratio is 29.93%.

Insider Buying and Selling

In related news, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,380,259.85. The trade was a 18.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,984 shares of company stock valued at $12,230,877. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On FactSet Research Systems

Large investors have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in shares of FactSet Research Systems in the third quarter valued at about $26,000. UMB Bank n.a. boosted its position in FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after acquiring an additional 39 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares in the last quarter. Quest Partners LLC raised its holdings in shares of FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of FactSet Research Systems in the third quarter worth $34,000. 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.