FactSet Research Systems (NYSE:FDS) Given Sector Perform Rating at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of FactSet Research Systems (NYSE:FDS) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $503.00 target price on the business services provider’s stock.

FDS has been the topic of several other reports. Morgan Stanley decreased their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. BMO Capital Markets decreased their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Finally, UBS Group decreased their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and an average target price of $440.22.

FactSet Research Systems Stock Down 4.6%

Shares of FDS stock opened at $435.67 on Tuesday. The stock has a market cap of $16.53 billion, a P/E ratio of 31.23, a PEG ratio of 2.93 and a beta of 0.88. FactSet Research Systems has a 52 week low of $391.69 and a 52 week 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 company’s fifty day simple moving average is $440.70 and its two-hundred day simple moving average is $457.31.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.22 earnings per share. Analysts predict that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $4.40 annualized dividend and a dividend yield of 1.01%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. FactSet Research Systems’s dividend payout ratio is currently 31.29%.

Insider Activity

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. This trade represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of FactSet Research Systems by 40,436.2% during the first quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider’s stock worth $195,536,000 after acquiring an additional 429,028 shares during the period. Raymond James Financial Inc. purchased a new position in shares of FactSet Research Systems during the fourth quarter worth approximately $69,128,000. Point72 Asset Management L.P. bought a new stake in FactSet Research Systems during the 4th quarter valued at $66,368,000. Vanguard Group Inc. raised its position in FactSet Research Systems by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider’s stock valued at $2,180,160,000 after purchasing an additional 137,874 shares in the last quarter. Finally, Nuveen LLC bought a new stake in FactSet Research Systems during the 1st quarter valued at $54,148,000. Hedge funds and other institutional investors 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.