Northcoast Research Weighs in on FactSet Research Systems Inc.’s Q3 2019 Earnings (FDS)
FactSet Research Systems Inc. (NYSE:FDS) – Investment analysts at Northcoast Research lowered their Q3 2019 earnings estimates for shares of FactSet Research Systems in a research report issued on Tuesday, March 26th. Northcoast Research analyst K. Housum now anticipates that the business services provider will post earnings per share of $2.37 for the quarter, down from their previous estimate of $2.41. Northcoast Research also issued estimates for FactSet Research Systems’ Q4 2019 earnings at $2.45 EPS, Q1 2020 earnings at $2.57 EPS, Q2 2020 earnings at $2.57 EPS, Q3 2020 earnings at $2.69 EPS, Q4 2020 earnings at $2.77 EPS and FY2020 earnings at $10.59 EPS.
A number of other research firms also recently weighed in on FDS. Credit Suisse Group initiated coverage on shares of FactSet Research Systems in a research report on Friday, December 7th. They issued a “neutral” rating and a $238.00 price target for the company. Morgan Stanley lifted their price objective on shares of FactSet Research Systems from $200.00 to $211.00 and gave the company an “equal weight” rating in a research note on Monday, February 25th. DA Davidson lifted their price objective on shares of FactSet Research Systems to $214.00 and gave the company a “neutral” rating in a research note on Wednesday. Piper Jaffray Companies reissued a “neutral” rating and issued a $262.00 price objective (up from $211.00) on shares of FactSet Research Systems in a research note on Wednesday. Finally, Barclays raised shares of FactSet Research Systems from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $210.00 to $235.00 in a research note on Friday, December 7th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. FactSet Research Systems presently has an average rating of “Hold” and an average price target of $231.83.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. FactSet Research Systems had a net margin of 22.45% and a return on equity of 64.58%. The company had revenue of $354.90 million during the quarter, compared to the consensus estimate of $356.46 million. During the same period in the previous year, the business earned $2.12 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Thursday, February 28th were paid a $0.64 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $2.56 dividend on an annualized basis and a yield of 1.05%. FactSet Research Systems’s dividend payout ratio (DPR) is 30.01%.
In other FactSet Research Systems news, CEO Frederick Philip Snow sold 1,182 shares of the business’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $200.00, for a total transaction of $236,400.00. Following the sale, the chief executive officer now owns 4,870 shares of the company’s stock, valued at $974,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John W. Wiseman sold 9,669 shares of the business’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $205.75, for a total transaction of $1,989,396.75. Following the sale, the executive vice president now directly owns 2,050 shares in the company, valued at approximately $421,787.50. The disclosure for this sale can be found here. Insiders sold 19,932 shares of company stock worth $4,107,748 over the last three months. 2.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter worth $27,000. CWM LLC grew its stake in shares of FactSet Research Systems by 88.4% during the fourth quarter. CWM LLC now owns 162 shares of the business services provider’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of FactSet Research Systems by 114.0% during the fourth quarter. Global Retirement Partners LLC now owns 199 shares of the business services provider’s stock worth $40,000 after buying an additional 106 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter worth $45,000. Finally, Riverview Trust Co bought a new stake in shares of FactSet Research Systems during the fourth quarter worth $47,000. 92.16% of the stock is currently owned by hedge funds and other institutional investors.
About FactSet Research Systems
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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