Northcoast Research Analysts Increase Earnings Estimates for FactSet Research Systems Inc. (NYSE:FDS)
FactSet Research Systems Inc. (NYSE:FDS) – Stock analysts at Northcoast Research raised their FY2020 EPS estimates for shares of FactSet Research Systems in a report issued on Friday, June 26th. Northcoast Research analyst K. Housum now anticipates that the business services provider will post earnings per share of $10.58 for the year, up from their previous estimate of $10.06. Northcoast Research has a “Sell” rating and a $240.00 price objective on the stock. Northcoast Research also issued estimates for FactSet Research Systems’ Q4 2020 earnings at $2.58 EPS.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, June 25th. The business services provider reported $2.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.42. FactSet Research Systems had a return on equity of 59.11% and a net margin of 25.45%. The firm had revenue of $374.10 million during the quarter, compared to analyst estimates of $376.35 million. During the same quarter in the previous year, the company posted $2.62 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year.
FDS opened at $326.80 on Monday. The company has a market cap of $12.45 billion, a P/E ratio of 33.69, a P/E/G ratio of 3.67 and a beta of 0.78. The business’s 50-day moving average price is $299.74 and its 200-day moving average price is $278.91. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 1.16. FactSet Research Systems has a 12 month low of $195.22 and a 12 month high of $343.78.
Several hedge funds have recently bought and sold shares of the business. State Street Corp grew its holdings in shares of FactSet Research Systems by 27.0% during the 1st quarter. State Street Corp now owns 1,581,276 shares of the business services provider’s stock worth $412,207,000 after acquiring an additional 336,464 shares during the period. AXA boosted its position in shares of FactSet Research Systems by 3.5% in the 1st quarter. AXA now owns 14,927 shares of the business services provider’s stock worth $3,891,000 after purchasing an additional 499 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in shares of FactSet Research Systems by 36.4% in the 1st quarter. New Mexico Educational Retirement Board now owns 9,000 shares of the business services provider’s stock worth $2,346,000 after purchasing an additional 2,400 shares in the last quarter. Core Alternative Capital boosted its position in shares of FactSet Research Systems by 137.0% in the 1st quarter. Core Alternative Capital now owns 19,944 shares of the business services provider’s stock worth $5,199,000 after purchasing an additional 11,529 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its position in shares of FactSet Research Systems by 10.3% in the 1st quarter. State of Tennessee Treasury Department now owns 32,160 shares of the business services provider’s stock worth $8,383,000 after purchasing an additional 3,007 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.
In other FactSet Research Systems news, EVP Rachel Rebecca Stern sold 6,441 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $278.20, for a total transaction of $1,791,886.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 1,769 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $308.22, for a total value of $545,241.18. Following the transaction, the chief executive officer now owns 3,887 shares in the company, valued at approximately $1,198,051.14. The disclosure for this sale can be found here. Insiders have sold a total of 22,456 shares of company stock worth $6,127,564 in the last quarter. Company insiders own 2.30% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were issued a dividend of $0.77 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.94%. FactSet Research Systems’s dividend payout ratio is 30.80%.
FactSet Research Systems Company Profile
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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