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

Royal Bank of Canada restated their sector perform rating on shares of FactSet Research Systems (NYSE:FDS) in a report published on Friday morning,Benzinga reports. They currently have a $503.00 price target on the business services provider’s stock.

A number of other brokerages have also weighed in on FDS. UBS Group increased their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Morgan Stanley increased their target price on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. BMO Capital Markets raised their price target on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Evercore ISI started coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective for the company. Finally, Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $453.69.

FactSet Research Systems Trading Down 1.3 %

FactSet Research Systems stock opened at $483.52 on Friday. The stock has a 50-day moving average price of $476.92 and a 200 day moving average price of $442.24. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $499.87. The stock has a market cap of $18.37 billion, a PE ratio of 34.79, a P/E/G ratio of 3.15 and a beta of 0.76. 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 (NYSE:FDS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.12 earnings per share. Equities research analysts predict that FactSet Research Systems will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the transaction, the executive vice president now owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 37.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James J. Mcgonigle sold 5,410 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the sale, the director now directly owns 5,283 shares of the company’s stock, valued at $2,413,432.89. This trade represents a 50.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,984 shares of company stock worth $10,981,107. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors have recently added to or reduced their stakes in FDS. Millennium Management LLC increased its position in shares of FactSet Research Systems by 2,873.9% during the second quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock worth $48,822,000 after acquiring an additional 115,561 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in FactSet Research Systems during the 3rd quarter valued at approximately $38,909,000. State Street Corp increased 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 worth $888,603,000 after purchasing an additional 42,303 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of FactSet Research Systems by 21.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock valued at $96,113,000 after purchasing an additional 41,717 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its stake in shares of FactSet Research Systems by 9.3% during the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock valued at $136,267,000 after buying an additional 25,294 shares during the last quarter. 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.