According to Zacks, “The Global business information service provider, FactSet’s fourth-quarter fiscal 2017 top and bottom line results, though marked a strong year over year improvement, both fell short of their respective Zacks Consensus Estimates. Furthermore, FactSet’s soft guidance for the forthcoming quarter makes us suspicious about a potential slowdown coming for the company. Nonetheless, we opine that its sustained focus on product innovation across segments with an emphasis on financial services to expand the customer base will continue to help it keep floating despite the current macroeconomic challenges. Moreover, FactSet’s strategy of growing through acquisitions is praiseworthy. Additionally, the share repurchase program is expected to support its earnings per share in the long run and boost shareholder value.”
Other research analysts have also issued reports about the company. Credit Suisse Group AG reissued a buy rating and set a $179.00 price target on shares of FactSet Research Systems in a report on Wednesday, September 28th. Barclays PLC raised their price target on FactSet Research Systems from $160.00 to $175.00 and gave the company an equal weight rating in a report on Tuesday, August 23rd. Morgan Stanley reissued a hold rating and set a $161.00 price target on shares of FactSet Research Systems in a report on Thursday, June 30th. Cantor Fitzgerald reissued a hold rating on shares of FactSet Research Systems in a report on Wednesday, June 29th. Finally, Bank of America Corp. set a $185.00 price target on FactSet Research Systems and gave the company a hold rating in a report on Thursday, September 15th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $169.67.
FactSet Research Systems (NYSE:FDS) opened at 159.45 on Thursday. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 19.47 and a beta of 0.78. FactSet Research Systems has a 12-month low of $135.95 and a 12-month high of $183.17. The firm has a 50-day moving average of $175.15 and a 200-day moving average of $162.60.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, September 27th. The company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by $0.01. The business had revenue of $287.30 million for the quarter. FactSet Research Systems had a net margin of 30.06% and a return on equity of 48.65%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned $1.48 earnings per share. Equities research analysts forecast that FactSet Research Systems will post $7.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Wednesday, August 31st were paid 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 1.25%. FactSet Research Systems’s dividend payout ratio is currently 24.30%.
In related news, Director Joseph E. Laird, Jr. sold 1,000 shares of FactSet Research Systems stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $165.00, for a total value of $165,000.00. Following the transaction, the director now owns 2,500 shares of the company’s stock, valued at approximately $412,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC boosted its position in shares of FactSet Research Systems by 37.7% in the second quarter. Penserra Capital Management LLC now owns 712 shares of the company’s stock worth $115,000 after buying an additional 195 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of FactSet Research Systems by 571.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 940 shares of the company’s stock worth $152,000 after buying an additional 800 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of FactSet Research Systems by 1.1% in the second quarter. Glenmede Trust Co. NA now owns 1,142 shares of the company’s stock worth $184,000 after buying an additional 12 shares in the last quarter. Southeast Asset Advisors Inc. bought a new position in shares of FactSet Research Systems during the second quarter worth $202,000. Finally, Wesbanco Bank Inc. bought a new position in shares of FactSet Research Systems during the second quarter worth $208,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.
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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