FactSet Research Systems (NYSE:FDS) Issues FY24 Earnings Guidance

FactSet Research Systems (NYSE:FDS) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $15.60-$16.00 for the period, compared to the consensus estimate of $16.04. The company issued revenue guidance of $2.20-2.10 billion, compared to the consensus revenue estimate of $2.20 billion.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $433.21 on Friday. FactSet Research Systems has a one year low of $380.96 and a one year high of $488.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.68 and a current ratio of 1.79. The business has a fifty day moving average of $464.05 and a two-hundred day moving average of $455.95. The company has a market cap of $16.51 billion, a P/E ratio of 34.30, a price-to-earnings-growth ratio of 2.67 and a beta of 0.72.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The business had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. As a group, analysts predict that FactSet Research Systems will post 15.81 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.90%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is 31.04%.

Analyst Upgrades and Downgrades

FDS has been the subject of several recent analyst reports. Stifel Nicolaus restated a hold rating and issued a $469.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Oppenheimer reaffirmed a market perform rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Barclays reaffirmed an equal weight rating and issued a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets lifted their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the company a market perform rating in a research note on Monday, March 25th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $444.11.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FactSet Research Systems

Institutional investors have recently made changes to their positions in the company. Maverick Capital Ltd. increased its holdings in shares of FactSet Research Systems by 137.9% in the 1st quarter. Maverick Capital Ltd. now owns 464 shares of the business services provider’s stock valued at $201,000 after acquiring an additional 269 shares during the last quarter. Icon Wealth Advisors LLC bought a new position in FactSet Research Systems during the 4th quarter worth $144,000. Covestor Ltd grew its stake in FactSet Research Systems by 100.0% during the 1st quarter. Covestor Ltd now owns 332 shares of the business services provider’s stock worth $144,000 after buying an additional 166 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in FactSet Research Systems during the 2nd quarter worth $120,000. Finally, Money Concepts Capital Corp grew its stake in FactSet Research Systems by 248.7% during the 4th quarter. Money Concepts Capital Corp now owns 265 shares of the business services provider’s stock worth $106,000 after buying an additional 189 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.