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

Royal Bank of Canada restated their sector perform rating on shares of FactSet Research Systems (NYSE:FDS - Free Report) in a research note released on Friday,Benzinga reports. They currently have a $503.00 target price on the business services provider's stock.

A number of other brokerages have also issued reports on FDS. BMO Capital Markets lifted their target price on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a "market perform" rating in a research note on Friday. UBS Group upped their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a research report on Friday. Redburn Atlantic lowered FactSet Research Systems from a "neutral" rating to a "sell" rating and reduced their price target for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Evercore ISI initiated coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an "inline" rating and a $470.00 price target for the company. Finally, Wells Fargo & Company increased their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a research note on Friday, September 20th. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $450.00.

FactSet Research Systems Price Performance

Shares of NYSE FDS traded down $11.82 during midday trading on Friday, reaching $483.90. The company's stock had a trading volume of 375,133 shares, compared to its average volume of 263,203. The company has a 50 day moving average price of $461.60 and a 200 day moving average price of $433.57. The company has a market cap of $18.38 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 3.25 and a beta of 0.75. FactSet Research Systems has a one year low of $391.84 and a one year high of $499.87. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts' consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $2.93 EPS. On average, equities research analysts expect that FactSet Research Systems will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 annualized dividend and a yield of 0.86%. FactSet Research Systems's dividend payout ratio (DPR) is 29.93%.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm's 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 owns 12,915 shares of the company's stock, valued at approximately $5,380,259.85. This trade represents a 18.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the business'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 transaction of $6,364,204.80. Following the sale, the executive vice president now directly owns 23,515 shares of the company's stock, valued at approximately $10,726,367.25. This trade represents a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,984 shares of company stock worth $12,230,877. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of FactSet Research Systems by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider's stock worth $2,077,267,000 after acquiring an additional 11,974 shares in the last quarter. State Street Corp grew its stake in FactSet Research Systems by 2.2% during the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider's stock worth $888,603,000 after buying an additional 42,303 shares in the last quarter. Ninety One UK Ltd boosted its stake in FactSet Research Systems by 0.9% in the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider's stock valued at $496,645,000 after buying an additional 10,928 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FactSet Research Systems by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider's stock worth $171,702,000 after buying an additional 4,113 shares in the last quarter. Finally, Boston Trust Walden Corp increased its position in FactSet Research Systems by 9.3% in 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 acquiring an additional 25,294 shares during the period. 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.