FactSet Research Systems’ (FDS) “Sector Perform” Rating Reiterated 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 note issued to investors on Monday,Benzinga reports. The firm currently has a $503.00 target price on the business services provider’s stock.

Other equities analysts have also issued reports about the company. UBS Group increased their price target on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Morgan Stanley raised their target price on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. BMO Capital Markets dropped their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Finally, Wells Fargo & Company lowered their price objective 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, March 7th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $449.38.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $429.67 on Monday. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $16.34 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The business has a 50 day simple moving average of $459.59 and a 200 day simple moving average of $463.60.

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

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

Institutional Investors Weigh In On FactSet Research Systems

Institutional investors have recently modified their holdings of the stock. Cary Street Partners Financial LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter worth $29,000. Capital Performance Advisors LLP purchased a new position in FactSet Research Systems in the third quarter valued at about $34,000. Brooklyn Investment Group acquired a new position in FactSet Research Systems in the 3rd quarter worth about $35,000. Allworth Financial LP raised its stake in shares of FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares in the last quarter. Finally, Coastline Trust Co purchased a new stake in shares of FactSet Research Systems during the 3rd quarter worth about $78,000. 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.