Royal Bank of Canada Reiterates Sector Perform Rating for FactSet Research Systems (NYSE:FDS)

FactSet Research Systems (NYSE:FDS - Get Free Report)'s stock had its "sector perform" rating restated by equities research analysts at Royal Bank of Canada in a note issued to investors on Tuesday,Benzinga reports. They presently have a $503.00 price objective on the business services provider's stock. Royal Bank of Canada's price objective would suggest a potential upside of 16.50% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Morgan Stanley reduced their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a report on Friday, March 21st. Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. UBS Group decreased their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Finally, BMO Capital Markets lowered their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research note on Monday, March 24th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $440.22.

FactSet Research Systems Stock Down 0.5%

FDS stock traded down $2.02 during trading on Tuesday, hitting $431.77. 306,841 shares of the company's stock traded hands, compared to its average volume of 311,959. The firm has a market capitalization of $16.38 billion, a P/E ratio of 30.95, a PEG ratio of 2.93 and a beta of 0.86. FactSet Research Systems has a 1 year low of $391.69 and a 1 year high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of $440.40 and a two-hundred day simple moving average of $457.15.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.22 EPS. Sell-side analysts anticipate that FactSet Research Systems will post 17.21 EPS for the current year.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of FactSet Research Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDS. Allworth Financial LP raised its stake in shares of FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after purchasing an additional 22 shares during the last quarter. Private Trust Co. NA increased its holdings in FactSet Research Systems by 8.2% in the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock worth $140,000 after buying an additional 22 shares during the period. Kolinsky Wealth Management LLC raised its position in FactSet Research Systems by 3.2% during the 4th quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock worth $355,000 after buying an additional 23 shares during the last quarter. Fifth Third Bancorp lifted its stake in FactSet Research Systems by 1.6% during the 1st quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider's stock valued at $668,000 after acquiring an additional 23 shares during the period. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of FactSet Research Systems by 2.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock valued at $583,000 after acquiring an additional 24 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.