FactSet Research Systems (NYSE:FDS) Rating Reiterated by Royal Bank of Canada

FactSet Research Systems (NYSE:FDS)‘s stock had its “sector perform” rating reissued by analysts at Royal Bank of Canada in a note issued to investors on Monday, Benzinga reports. They presently have a $464.00 price objective on the business services provider’s stock. Royal Bank of Canada’s target price suggests a potential upside of 9.12% from the company’s current price.

Several other analysts have also recently weighed in on FDS. Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Morgan Stanley boosted their price target on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a report on Monday. BMO Capital Markets boosted their price target on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Jefferies Financial Group cut their price objective on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Finally, Wolfe Research started coverage on FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective on the stock. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $432.00.

FactSet Research Systems Price Performance

Shares of NYSE FDS traded up $1.50 during mid-day trading on Monday, reaching $425.23. The company had a trading volume of 45,488 shares, compared to its average volume of 252,639. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. FactSet Research Systems has a one year low of $385.27 and a one year high of $488.64. The firm has a market cap of $16.21 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 2.65 and a beta of 0.74. The business’s 50-day simple moving average is $423.68 and its 200 day simple moving average is $448.28.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The company had revenue of $552.70 million for the quarter, compared to analysts’ expectations of $552.71 million. During the same quarter last year, the business earned $3.79 earnings per share. FactSet Research Systems’s revenue was up 4.3% on a year-over-year basis. On average, research analysts predict that FactSet Research Systems will post 15.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,166,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the transaction, the chief accounting officer now owns 72 shares in the company, valued at $30,204. The sale 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 on Monday, June 3rd. The stock was sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,166,000. The disclosure for this sale can be found here. Insiders have sold a total of 23,987 shares of company stock worth $10,283,347 in the last ninety days. 1.00% of the stock is owned by insiders.

Institutional Trading of FactSet Research Systems

Several large investors have recently modified their holdings of the company. HM Payson & Co. grew its holdings in shares of FactSet Research Systems by 6.7% in the first quarter. HM Payson & Co. now owns 1,118 shares of the business services provider’s stock worth $508,000 after acquiring an additional 70 shares during the period. SRN Advisors LLC lifted its position in shares of FactSet Research Systems by 5.0% in the first quarter. SRN Advisors LLC now owns 3,024 shares of the business services provider’s stock valued at $1,374,000 after acquiring an additional 144 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of FactSet Research Systems in the first quarter valued at about $202,000. Cetera Investment Advisers lifted its position in shares of FactSet Research Systems by 214.5% in the first quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after acquiring an additional 3,683 shares in the last quarter. Finally, Atria Investments Inc lifted its position in shares of FactSet Research Systems by 12.5% in the first quarter. Atria Investments Inc now owns 16,187 shares of the business services provider’s stock valued at $7,355,000 after acquiring an additional 1,801 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

About FactSet Research Systems

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.