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

Royal Bank of Canada reaffirmed their sector perform rating on shares of FactSet Research Systems (NYSE:FDS) in a research note published on Monday, Benzinga reports. The firm currently has a $464.00 price target on the business services provider’s stock.

A number of other brokerages have also recently commented on FDS. Morgan Stanley increased their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an underweight rating in a research note on Monday. Jefferies Financial Group decreased their target price on shares of FactSet Research Systems from $455.00 to $378.00 and set a hold rating on the stock in a research report on Wednesday, June 5th. Barclays restated an equal weight rating and issued a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Stifel Nicolaus restated a hold rating and issued a $469.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Oppenheimer reiterated a market perform rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $432.00.

FactSet Research Systems Stock Down 0.2 %

Shares of FactSet Research Systems stock opened at $415.00 on Monday. The company has a market cap of $15.82 billion, a P/E ratio of 31.30, a PEG ratio of 2.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. FactSet Research Systems has a one year low of $385.27 and a one year high of $488.64. The firm has a fifty day moving average of $422.97 and a two-hundred day moving average of $447.53.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data 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 net margin of 23.56% and a return on equity of 34.48%. The company had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. During the same quarter in the prior year, the firm earned $3.79 EPS. FactSet Research Systems’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts forecast that FactSet Research Systems will post 16.33 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Friday, May 31st. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s payout ratio is currently 31.37%.

Insiders Place Their Bets

In other news, EVP Robert J. Robie sold 4,336 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the completion of the transaction, the executive vice president now owns 1,485 shares of the company’s stock, valued at $640,747.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Robert J. Robie sold 4,336 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the completion of the transaction, the executive vice president now owns 1,485 shares of the company’s stock, valued at $640,747.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,838,871.50. The disclosure for this sale can be found here. Insiders sold a total of 27,419 shares of company stock valued at $11,735,373 over the last 90 days. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On FactSet Research Systems

A number of hedge funds and other institutional investors have recently modified their holdings of FDS. Criterion Capital Advisors LLC bought a new stake in FactSet Research Systems in the fourth quarter worth about $30,000. Desjardins Global Asset Management Inc. boosted its position in FactSet Research Systems by 69.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock worth $40,000 after purchasing an additional 34 shares during the period. Smithfield Trust Co boosted its position in FactSet Research Systems by 51.6% during the fourth quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock worth $44,000 after purchasing an additional 32 shares during the period. CVA Family Office LLC acquired a new position in shares of FactSet Research Systems during the fourth quarter worth approximately $49,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of FactSet Research Systems by 36.9% during the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the business services provider’s stock worth $65,000 after buying an additional 38 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

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.