FactSet Research Systems Inc. (NYSE:FDS) – Northcoast Research cut their Q1 2017 EPS estimates for FactSet Research Systems in a research note issued to investors on Wednesday. Northcoast Research analyst K. Housum now forecasts that the firm will post earnings per share of $1.69 for the quarter, down from their prior forecast of $1.72. Northcoast Research also issued estimates for FactSet Research Systems’ Q4 2017 earnings at $1.83 EPS, FY2017 earnings at $7.09 EPS and FY2018 earnings at $7.83 EPS.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, September 27th. The company reported $1.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by $0.01. FactSet Research Systems had a return on equity of 48.65% and a net margin of 30.06%. The company earned $287.30 million during the quarter. During the same period in the prior year, the business posted $1.48 EPS. The business’s revenue was up 9.7% on a year-over-year basis.
FDS has been the topic of several other reports. Cantor Fitzgerald reaffirmed a “hold” rating on shares of FactSet Research Systems in a report on Wednesday, June 29th. Bank of America Corp. set a $185.00 target price on FactSet Research Systems and gave the stock a “hold” rating in a report on Thursday, September 15th. Zacks Investment Research raised FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Monday, June 27th. Raymond James Financial Inc. downgraded FactSet Research Systems from a “market perform” rating to an “underperform” rating in a report on Tuesday. Finally, Credit Suisse Group AG began coverage on FactSet Research Systems in a report on Monday, July 11th. They set an “outperform” rating and a $182.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $169.67.
Shares of FactSet Research Systems (NYSE:FDS) opened at 162.10 on Thursday. FactSet Research Systems has a 12-month low of $135.95 and a 12-month high of $183.17. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 19.79 and a beta of 0.68. The company has a 50-day moving average price of $175.53 and a 200 day moving average price of $162.34.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Wednesday, August 31st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Monday, August 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 24.30%.
In related news, VP Matthew J. Mcnulty sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $167.50, for a total transaction of $167,500.00. Following the transaction, the vice president now directly owns 3,016 shares of the company’s stock, valued at approximately $505,180. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Tiverton Asset Management LLC increased its position in FactSet Research Systems by 502.9% in the second quarter. Tiverton Asset Management LLC now owns 771,581 shares of the company’s stock worth $54,003,000 after buying an additional 643,596 shares during the period. Norges Bank bought a new stake in shares of FactSet Research Systems during the fourth quarter worth approximately $61,644,000. Loomis Sayles & Co. L P raised its stake in shares of FactSet Research Systems by 13.3% in the first quarter. Loomis Sayles & Co. L P now owns 2,611,699 shares of the company’s stock worth $395,751,000 after buying an additional 307,358 shares in the last quarter. Fiera Capital Corp bought a new stake in shares of FactSet Research Systems during the second quarter worth approximately $30,523,000. Finally, Ngam Advisors L.P. bought a new stake in shares of FactSet Research Systems during the second quarter worth approximately $23,266,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.
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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