FactSet Research Systems (NYSE:FDS) Price Target Raised to $503.00 at Royal Bank of Canada

FactSet Research Systems (NYSE:FDS) had its price target boosted by analysts at Royal Bank of Canada from $464.00 to $503.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “sector perform” rating on the business services provider’s stock. Royal Bank of Canada’s price target indicates a potential upside of 7.96% from the company’s current price.

Other analysts have also issued research reports about the stock. UBS Group lifted their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday. Jefferies Financial Group decreased their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. Morgan Stanley increased their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Finally, Wells Fargo & Company raised FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th. Four research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $446.67.

FactSet Research Systems Price Performance

FDS stock opened at $465.91 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 2.64 and a beta of 0.75. The company’s fifty day simple moving average is $421.66 and its 200 day simple moving average is $428.33. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same period in the previous year, the business earned $2.93 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, analysts expect that FactSet Research Systems will post 16.28 earnings per share for the current year.

Insider Buying and Selling

In other FactSet Research Systems news, CTO Katherine M. Stepp sold 1,057 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $428.42, for a total transaction of $452,839.94. Following the completion of the transaction, the chief technology officer now owns 687 shares in the company, valued at $294,324.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,281,976.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Katherine M. Stepp sold 1,057 shares of FactSet Research Systems stock in a transaction on Monday, June 24th. The shares were sold at an average price of $428.42, for a total value of $452,839.94. Following the completion of the transaction, the chief technology officer now owns 687 shares of the company’s stock, valued at $294,324.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,432 shares of company stock valued at $5,166,986. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Verity & Verity LLC bought a new stake in FactSet Research Systems during the 2nd quarter worth approximately $307,000. Sanctuary Advisors LLC bought a new stake in FactSet Research Systems during the second quarter valued at $9,733,000. Aristides Capital LLC bought a new stake in FactSet Research Systems during the second quarter valued at $1,225,000. Cetera Investment Advisers grew its position in FactSet Research Systems by 7.2% during the second quarter. Cetera Investment Advisers now owns 5,791 shares of the business services provider’s stock worth $2,364,000 after buying an additional 391 shares in the last quarter. Finally, Quarry LP bought a new position in FactSet Research Systems in the 2nd quarter worth about $62,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

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.