FactSet Research Systems Inc. (FDS) Updates Q3 Earnings Guidance

FactSet Research Systems Inc. (NYSE:FDS) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.80-1.86 for the period, compared to the Thomson Reuters consensus estimate of $1.84. The company issued revenue guidance of $301-307 million, compared to the consensus revenue estimate of $301.56 million.

Several brokerages have recently weighed in on FDS. Cantor Fitzgerald set a $161.00 target price on FactSet Research Systems and gave the stock a hold rating in a research report on Tuesday, December 20th. Barclays PLC downgraded FactSet Research Systems from an equal weight rating to an underweight rating and decreased their target price for the stock from $170.00 to $164.00 in a research report on Tuesday, January 10th. Zacks Investment Research downgraded FactSet Research Systems from a hold rating to a sell rating in a research report on Monday, November 28th. Goldman Sachs Group Inc upped their target price on FactSet Research Systems to $126.00 and gave the stock a sell rating in a research report on Wednesday, December 21st. Finally, Credit Suisse Group AG reaffirmed an outperform rating and issued a $179.00 target price on shares of FactSet Research Systems in a research report on Wednesday, December 7th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $169.25.

Earnings History and Estimates for FactSet Research Systems (NYSE:FDS)

Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at 174.55 on Tuesday. FactSet Research Systems Inc. has a 12 month low of $145.48 and a 12 month high of $183.64. The stock has a 50 day moving average price of $178.41 and a 200 day moving average price of $168.01. The stock has a market cap of $6.91 billion, a P/E ratio of 20.67 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, March 28th. The company reported $1.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.01. The business earned $294.40 million during the quarter, compared to analysts’ expectations of $296.04 million. FactSet Research Systems had a return on equity of 51.90% and a net margin of 30.18%. FactSet Research Systems’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 earnings per share. Equities analysts anticipate that FactSet Research Systems Inc. will post $7.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 21st. Stockholders of record on Tuesday, February 28th were given a $0.50 dividend. The ex-dividend date was Friday, February 24th. This represents a $2.00 annualized dividend and a dividend yield of 1.15%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 23.64%.

In other news, Director James J. Mcgonigle sold 2,845 shares of the firm’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $165.94, for a total value of $472,099.30. Following the completion of the sale, the director now owns 21,680 shares of the company’s stock, valued at $3,597,579.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph E. Laird, Jr. sold 3,085 shares of the firm’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $170.00, for a total value of $524,450.00. Following the completion of the sale, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $425,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,505 shares of company stock valued at $5,302,990. 2.70% of the stock is currently owned by insiders.

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About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

5 Day Chart for NYSE:FDS

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