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

FactSet Research Systems (NYSE:FDS)‘s stock had its “sector perform” rating restated by equities research analysts at Royal Bank of Canada in a research note issued to investors on Friday,Benzinga reports. They currently have a $503.00 target price on the business services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 3.84% from the stock’s current price.

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

FactSet Research Systems Price Performance

FactSet Research Systems stock traded down $11.33 on Friday, reaching $484.39. The company’s stock had a trading volume of 87,930 shares, compared to its average volume of 261,908. The business’s fifty day moving average price is $460.40 and its 200 day moving average price is $433.15. 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 cap of $18.40 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 3.25 and a beta of 0.75. FactSet Research Systems has a twelve month low of $391.84 and a twelve month high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.93 earnings per share. Equities analysts expect that FactSet Research Systems will post 17.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Frederick Philip Snow sold 3,000 shares of the 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 transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This represents a 18.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Costigan sold 1,622 shares of the company’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 transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. This trade represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,984 shares of company stock worth $12,230,877. Insiders own 1.10% of the company’s stock.

Institutional Trading of FactSet Research Systems

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Trust N.A. raised its position in shares of FactSet Research Systems by 2.3% in the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock valued at $436,000 after buying an additional 21 shares in the last quarter. Andina Capital Management LLC lifted its position in shares of FactSet Research Systems by 3.8% during the 3rd quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock valued at $329,000 after acquiring an additional 26 shares during the period. Argent Trust Co grew its holdings in shares of FactSet Research Systems by 2.1% during the 2nd quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock worth $536,000 after purchasing an additional 27 shares in the last quarter. Legacy Financial Advisors Inc. increased its position in shares of FactSet Research Systems by 4.0% in the second quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock worth $341,000 after purchasing an additional 32 shares during the period. Finally, HBK Sorce Advisory LLC raised its stake in FactSet Research Systems by 4.8% in the second quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider’s stock valued at $300,000 after purchasing an additional 34 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

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.