FactSet Research Systems Inc. (NYSE:FDS) – Stock analysts at Northcoast Research cut their Q2 2017 earnings per share estimates for shares of FactSet Research Systems in a research report issued to clients and investors on Wednesday. Northcoast Research analyst K. Housum now expects that the brokerage will post earnings of $1.76 per share for the quarter, down from their previous estimate of $1.79. Northcoast Research also issued estimates for FactSet Research Systems’ Q3 2017 earnings at $1.80 EPS.
A number of other research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. 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 issued a $161.00 price objective on shares of FactSet Research Systems in a research report on Thursday, June 30th. Credit Suisse Group AG assumed coverage on shares of FactSet Research Systems in a research report on Monday, July 11th. They issued an “outperform” rating and a $182.00 price objective on the stock. Finally, Barclays PLC lifted their price objective on shares of FactSet Research Systems from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $169.67.
FactSet Research Systems (NYSE:FDS) opened at 162.10 on Friday. The firm has a 50-day moving average of $175.53 and a 200 day moving average of $162.34. FactSet Research Systems has a 52-week low of $135.95 and a 52-week high of $183.17. The company has a market capitalization of $6.48 billion, a P/E ratio of 19.79 and a beta of 0.68.
FactSet Research Systems (NYSE:FDS) last released its quarterly 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 business earned $287.30 million during the quarter. During the same quarter in the previous year, the firm earned $1.48 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Monday, August 29th. FactSet Research Systems’s payout ratio is 24.30%.
In other FactSet Research Systems news, VP Matthew J. Mcnulty sold 1,000 shares of FactSet Research Systems stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $167.50, for a total transaction of $167,500.00. Following the completion of the sale, the vice president now directly owns 3,016 shares in the company, valued at approximately $505,180. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC boosted its stake 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 valued at $115,000 after buying an additional 195 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake 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 valued at $152,000 after buying an additional 800 shares during the last quarter. Glenmede Trust Co. NA boosted its stake 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 valued at $184,000 after buying an additional 12 shares during the last quarter. Southeast Asset Advisors Inc. acquired a new stake in shares of FactSet Research Systems during the second quarter valued at approximately $202,000. Finally, Wesbanco Bank Inc. acquired a new stake in shares of FactSet Research Systems during the second quarter valued at approximately $208,000. Institutional investors and hedge funds own 92.87% of the company’s stock.
FactSet Research Systems Company Profile
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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