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

FactSet Research Systems (NYSE:FDS)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a research note issued on Monday,Benzinga reports. They currently have a $503.00 target price on the business services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 12.59% from the company’s previous close.

A number of other research firms have also recently issued reports on FDS. Stifel Nicolaus lifted their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. UBS Group increased their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. BMO Capital Markets cut their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Wells Fargo & Company decreased their price target on shares of FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Morgan Stanley lifted their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $449.38.

FactSet Research Systems Stock Performance

FDS traded up $6.02 on Monday, reaching $446.75. The stock had a trading volume of 95,521 shares, compared to its average volume of 270,879. The business’s 50-day moving average price is $462.37 and its two-hundred day moving average price is $463.44. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a market cap of $16.99 billion, a P/E ratio of 31.95, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. During the same quarter in the prior year, the firm posted $4.12 EPS. FactSet Research Systems’s quarterly revenue was up 4.9% compared to the same quarter last year. Sell-side analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current year.

Institutional Investors Weigh In On FactSet Research Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new position in FactSet Research Systems in the 4th quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new position in FactSet Research Systems in the third quarter valued at approximately $34,000. Brooklyn Investment Group purchased a new position in FactSet Research Systems in the third quarter worth approximately $35,000. Allworth Financial LP grew its position in 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 acquiring an additional 22 shares during the period. Finally, Coastline Trust Co acquired a new stake in FactSet Research Systems during the third quarter worth $78,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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.