Royal Bank Of Canada Has Lowered Expectations for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS) had its price target reduced by Royal Bank Of Canada from $320.00 to $243.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the business services provider’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 16.39% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Huber Research raised shares of FactSet Research Systems from a “strong sell” rating to a “strong-buy” rating in a report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Monday, December 29th. Stifel Nicolaus reduced their price target on shares of FactSet Research Systems from $372.00 to $295.00 and set a “hold” rating on the stock in a report on Friday, December 19th. Jefferies Financial Group reiterated a “hold” rating and issued a $305.00 price target on shares of FactSet Research Systems in a research note on Friday, December 19th. Finally, Evercore raised their price objective on FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, FactSet Research Systems has an average rating of “Reduce” and an average price target of $285.69.

FactSet Research Systems Stock Performance

NYSE FDS opened at $208.78 on Wednesday. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 2.13 and a beta of 0.75. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average price of $233.10 and a 200-day moving average price of $272.64. FactSet Research Systems has a twelve month low of $185.00 and a twelve month high of $474.79.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, December 18th. The business services provider reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.36 by $0.15. FactSet Research Systems had a return on equity of 30.49% and a net margin of 25.40%.The company had revenue of $607.62 million for the quarter, compared to the consensus estimate of $599.69 million. During the same quarter last year, the company earned $4.37 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts predict that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems declared that its board has approved a stock buyback plan on Thursday, December 18th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the business services provider to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at FactSet Research Systems

In other news, Director Malcolm Frank sold 2,572 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $295.70, for a total value of $760,540.40. Following the sale, the director directly owned 879 shares in the company, valued at $259,920.30. The trade was a 74.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Laurie Siegel sold 2,572 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $296.25, for a total transaction of $761,955.00. Following the completion of the transaction, the director directly owned 1,037 shares of the company’s stock, valued at approximately $307,211.25. The trade was a 71.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

Institutional Trading of FactSet Research Systems

Institutional investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. increased its position in FactSet Research Systems by 0.4% during the second quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock valued at $3,071,000 after acquiring an additional 30 shares during the last quarter. Claret Asset Management Corp lifted its holdings in shares of FactSet Research Systems by 7.0% in the 2nd quarter. Claret Asset Management Corp now owns 532 shares of the business services provider’s stock worth $238,000 after acquiring an additional 35 shares during the last quarter. Aurora Investment Managers LLC. boosted its stake in shares of FactSet Research Systems by 0.9% during the 4th quarter. Aurora Investment Managers LLC. now owns 3,928 shares of the business services provider’s stock worth $1,140,000 after purchasing an additional 35 shares during the period. MAI Capital Management lifted its position in shares of FactSet Research Systems by 4.4% during the second quarter. MAI Capital Management now owns 873 shares of the business services provider’s stock worth $390,000 after purchasing an additional 37 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in shares of FactSet Research Systems by 3.3% during the third quarter. Miracle Mile Advisors LLC now owns 1,145 shares of the business services provider’s stock valued at $328,000 after purchasing an additional 37 shares during the period. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.