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

FactSet Research Systems (NYSE:FDS) had its target price hoisted by stock analysts at Royal Bank of Canada from $464.00 to $503.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “sector perform” rating on the business services provider’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 7.96% from the stock’s current price.

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

FactSet Research Systems Trading Down 0.8 %

Shares of NYSE:FDS opened at $465.91 on Friday. The stock has a market cap of $17.72 billion, a PE ratio of 35.14, a P/E/G ratio of 2.64 and a beta of 0.75. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $488.64. The business has a 50 day moving average of $421.66 and a 200-day moving average of $428.33.

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

Insider Activity

In related news, Director Robin Ann Abrams sold 2,375 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the transaction, the director now directly owns 9,193 shares in the company, valued at approximately $3,867,587.03. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other FactSet Research Systems news, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the sale, the director now owns 9,193 shares of the company’s stock, valued at $3,867,587.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $408.98, for a total value of $1,226,940.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,432 shares of company stock worth $5,166,986. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FDS. Millennium Management LLC boosted its position in FactSet Research Systems by 2,873.9% during the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock worth $48,822,000 after buying an additional 115,561 shares during the period. Norges Bank acquired a new position in shares of FactSet Research Systems during the fourth quarter worth $47,977,000. PineStone Asset Management Inc. grew its stake in shares of FactSet Research Systems by 53.3% in the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after purchasing an additional 94,952 shares during the last quarter. Norden Group LLC increased its holdings in FactSet Research Systems by 1,844.5% in the first quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock valued at $20,761,000 after purchasing an additional 43,346 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in FactSet Research Systems by 21.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after purchasing an additional 41,717 shares during the last quarter. Institutional investors and hedge funds 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.