FactSet Research Systems (NYSE:FDS) Receives "Sector Perform" Rating from Royal Bank of Canada

FactSet Research Systems (NYSE:FDS - Get Free Report)'s stock had its "sector perform" rating reiterated by stock analysts at Royal Bank of Canada in a report issued on Friday,Benzinga reports. They presently have a $503.00 target price on the business services provider's stock. Royal Bank of Canada's target price points to a potential upside of 4.03% from the company's previous close.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company increased their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a report on Friday, September 20th. BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a "market perform" rating in a report on Friday, November 15th. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research report on Thursday, December 12th. Stifel Nicolaus increased their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Finally, Evercore ISI started coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an "inline" rating and a $470.00 price objective on the stock. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $453.69.

FactSet Research Systems Price Performance

Shares of FDS traded down $6.21 during trading hours on Friday, hitting $483.52. The stock had a trading volume of 919,142 shares, compared to its average volume of 266,702. The stock has a market capitalization of $18.37 billion, a price-to-earnings ratio of 34.79, a P/E/G ratio of 3.15 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The company's fifty day moving average is $476.92 and its two-hundred day moving average is $442.24. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. The firm had revenue of $568.70 million for the quarter, compared to analysts' expectations 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 prior year, the firm earned $4.12 earnings per share. On average, analysts anticipate that FactSet Research Systems will post 17.2 EPS for the current year.

Insider Activity

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the transaction, the executive vice president now owns 23,515 shares of the company's stock, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the sale, the chief executive officer now directly owns 12,987 shares of the company's stock, valued at $5,910,253.83. This represents a 18.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,984 shares of company stock valued at $10,981,107 in the last quarter. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FDS. Catalyst Capital Advisors LLC bought a new stake in FactSet Research Systems in the 3rd quarter valued at approximately $26,000. UMB Bank n.a. lifted its position in shares of FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider's stock worth $27,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock worth $28,000 after purchasing an additional 60 shares in the last quarter. Quest Partners LLC boosted its holdings in FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in FactSet Research Systems in the third quarter valued at $34,000. 91.24% of the stock is owned by institutional investors and hedge funds.

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.