FactSet Research Systems Inc. (NYSE:FDS) is scheduled to issue its quarterly earnings data on Tuesday, September 27th. Analysts expect the company to announce earnings of $1.70 per share for the quarter.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, June 28th. The company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.03. The firm had revenue of $287.50 million for the quarter. FactSet Research Systems had a net margin of 23.30% and a return on equity of 47.11%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $1.46 earnings per share. On average, analysts expect FactSet Research Systems to post $6.41 EPS for the current fiscal year and $7.14 EPS for the next fiscal year.
FactSet Research Systems Inc. (NYSE:FDS) opened at 178.57 on Friday. The company has a 50 day moving average of $176.71 and a 200-day moving average of $162.00. FactSet Research Systems Inc. has a 52-week low of $135.95 and a 52-week high of $183.17. The stock has a market capitalization of $7.26 billion, a P/E ratio of 28.99 and a beta of 0.68.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Wednesday, August 31st were issued a $0.50 dividend. The ex-dividend date was Monday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.12%. FactSet Research Systems’s payout ratio is 32.47%.
A number of research analysts have weighed in on FDS shares. Zacks Investment Research raised shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Cantor Fitzgerald reaffirmed a “hold” rating on shares of FactSet Research Systems in a research report on Wednesday, June 29th. Morgan Stanley reaffirmed a “hold” rating and set a $161.00 price target on shares of FactSet Research Systems in a research report on Thursday, June 30th. Credit Suisse Group AG started coverage on shares of FactSet Research Systems in a research report on Monday, July 11th. They set an “outperform” rating and a $182.00 price target on the stock. Finally, Barclays PLC lifted their price target on shares of FactSet Research Systems from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $170.56.
In related news, Director Joseph E. Laird, Jr. sold 1,000 shares of FactSet Research Systems stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $165.00, for a total value of $165,000.00. Following the completion of the sale, the director now owns 2,500 shares in the company, valued at $412,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Southeast Asset Advisors Inc. bought a new stake in shares of FactSet Research Systems during the second quarter worth about $202,000. Veritable L.P. bought a new stake in shares of FactSet Research Systems during the second quarter worth about $210,000. Reliance Trust Co. of Delaware raised its stake in shares of FactSet Research Systems by 6.8% in the second quarter. Reliance Trust Co. of Delaware now owns 1,990 shares of the company’s stock worth $321,000 after buying an additional 127 shares during the period. Mariner Wealth Advisors LLC raised its stake in shares of FactSet Research Systems by 14.4% in the second quarter. Mariner Wealth Advisors LLC now owns 2,317 shares of the company’s stock worth $374,000 after buying an additional 292 shares during the period. Finally, Paradigm Asset Management Co. LLC raised its stake in shares of FactSet Research Systems by 6.6% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,252 shares of the company’s stock worth $525,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 94.51% of the company’s stock.
About FactSet Research Systems
FactSet Research Systems Inc (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S., Europe and Asia Pacific. Sales, consulting, data collection, product development and software engineering are the primary functional groups within the U.S., Europe and Asia Pacific segments that provide global financial and economic information to investment managers, investment banks and other financial services professionals.
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