FactSet Research Systems Inc. (FDS) Expected to Post Quarterly Sales of $330.96 Million
Equities research analysts predict that FactSet Research Systems Inc. (NYSE:FDS) will post sales of $330.96 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for FactSet Research Systems’ earnings. The lowest sales estimate is $328.94 million and the highest is $333.00 million. FactSet Research Systems posted sales of $288.06 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.9%. The firm is expected to report its next quarterly earnings report before the market opens on Tuesday, December 19th.
On average, analysts expect that FactSet Research Systems will report full year sales of $330.96 million for the current fiscal year, with estimates ranging from $1.35 billion to $1.37 billion. For the next year, analysts forecast that the business will report sales of $1.44 billion per share, with estimates ranging from $1.41 billion to $1.46 billion. Zacks’ sales averages are an average based on a survey of analysts that follow FactSet Research Systems.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.01. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The business had revenue of $326.60 million for the quarter, compared to analyst estimates of $325.26 million. During the same quarter in the prior year, the firm posted $1.69 EPS. The business’s quarterly revenue was up 13.7% compared to the same quarter last year.
A number of research analysts have recently issued reports on FDS shares. BidaskClub lowered FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Northcoast Research upgraded FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 target price on the stock in a research report on Thursday, September 21st. Zacks Investment Research upgraded FactSet Research Systems from a “hold” rating to a “buy” rating and set a $187.00 target price on the stock in a research report on Friday, September 22nd. Credit Suisse Group reiterated an “outperform” rating and set a $200.00 target price (up previously from $190.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $166.00 target price (up previously from $157.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $178.91.
Shares of FactSet Research Systems (NYSE:FDS) traded up $1.12 during trading hours on Monday, hitting $198.71. The stock had a trading volume of 72,000 shares, compared to its average volume of 300,949. FactSet Research Systems has a 52-week low of $155.09 and a 52-week high of $199.03. The stock has a market cap of $7,770.00, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.03.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Thursday, November 30th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 34.41%.
In related news, COO Mark J. Hale sold 9,458 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the completion of the sale, the chief operating officer now directly owns 11,314 shares of the company’s stock, valued at approximately $2,040,366.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Matthew J. Mcnulty sold 1,049 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $181.00, for a total value of $189,869.00. Following the sale, the vice president now directly owns 2,499 shares of the company’s stock, valued at $452,319. The disclosure for this sale can be found here. Insiders sold a total of 17,841 shares of company stock valued at $3,224,739 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.
Several large investors have recently modified their holdings of FDS. Institutional & Family Asset Management LLC grew its position in FactSet Research Systems by 1.5% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 18,024 shares of the business services provider’s stock valued at $3,246,000 after acquiring an additional 259 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in FactSet Research Systems in the 3rd quarter valued at about $513,000. Visionary Asset Management Inc. acquired a new position in FactSet Research Systems in the 3rd quarter valued at about $205,000. GSA Capital Partners LLP acquired a new position in FactSet Research Systems in the 3rd quarter valued at about $248,000. Finally, Fieldpoint Private Securities LLC acquired a new position in FactSet Research Systems in the 3rd quarter valued at about $195,000. 95.46% of the stock is owned by hedge funds and other institutional investors.
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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.
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