FactSet Research Systems Inc. (NYSE:FDS) – Analysts at Northcoast Research upped their Q4 2019 earnings estimates for shares of FactSet Research Systems in a research report issued to clients and investors on Tuesday, June 25th. Northcoast Research analyst K. Housum now expects that the business services provider will post earnings per share of $2.47 for the quarter, up from their prior estimate of $2.45. Northcoast Research also issued estimates for FactSet Research Systems’ FY2020 earnings at $10.75 EPS.
Get FactSet Research Systems alerts: A number of other brokerages have also recently commented on FDS. DA Davidson raised their price target on shares of FactSet Research Systems from $214.00 to $252.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. Goldman Sachs Group cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price target for the stock from $256.00 to $246.00 in a research note on Thursday. UBS Group raised their price target on shares of FactSet Research Systems from $212.00 to $233.00 and gave the stock a “sell” rating in a research note on Wednesday. Bank of America lifted their target price on shares of FactSet Research Systems from $290.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $230.00 to $242.00 and gave the company a “hold” rating in a research note on Wednesday. Two research analysts have rated eleven have issued a hold rating and one has issued a buy rating to the company’s stock. FactSet Research Systems currently has an average rating of “Hold” and an average target price of $251.77.
Shares of FDS opened at $286.56 on Friday. The company has a market capitalization of $10.91 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 2.80 and a beta of 1.07. The company has a current ratio of 2.88, a quick ratio of 2.45 and a debt-to-equity ratio of 0.88. FactSet Research Systems has a 12 month low of $188.31 and a 12 month high of $305.38. The business’s 50-day simple moving average is $286.04.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, June 25th. The business services provider reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.25. The firm had revenue of $364.50 million during the quarter, compared to analysts’ expectations of $359.25 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 64.19%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.18 earnings per share.
Several large investors have recently bought and sold shares of the company. Lindbrook Capital LLC bought a new position in FactSet Research Systems in the 4th quarter worth approximately $27,000. Global Retirement Partners LLC raised its position in FactSet Research Systems by 114.0% in the 4th quarter. Global Retirement Partners LLC now owns 199 shares of the business services provider’s stock worth $40,000 after purchasing an additional 106 shares during the last quarter. Riverview Trust Co bought a new position in FactSet Research Systems in the 4th quarter worth approximately $47,000. Liberty Wealth Management LLC bought a new position in FactSet Research Systems in the 4th quarter worth approximately $68,000. Finally, First Mercantile Trust Co. raised its position in FactSet Research Systems by 138.3% in the 1st quarter. First Mercantile Trust Co. now owns 336 shares of the business services provider’s stock worth $83,000 after purchasing an additional 195 shares during the last quarter. Institutional investors own 93.98% of the company’s stock.
In other news, CEO Frederick Philip Snow sold 1,186 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $275.64, for a total value of $326,909.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director Scott A. Billeadeau sold 2,683 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $289.03, for a total transaction of $775,467.49. Following the completion of the transaction, the director now owns 3,684 shares of the company’s stock, valued at approximately $1,064,786.52. The disclosure for this sale can be found here . Insiders sold 6,238 shares of company stock valued at $1,727,422 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Friday, May 31st were paid a $0.72 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.01%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.64. FactSet Research Systems’s payout ratio is 33.76%.
FactSet Research Systems Company Profile
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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