Zacks: Brokerages Anticipate FactSet Research Systems Inc. (NYSE:FDS) Will Announce Quarterly Sales of $404.98 Million

Equities analysts expect that FactSet Research Systems Inc. (NYSE:FDS) will post $404.98 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for FactSet Research Systems’ earnings. The highest sales estimate is $405.55 million and the lowest is $404.00 million. FactSet Research Systems reported sales of $383.59 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The firm is scheduled to issue its next earnings report before the market opens on Tuesday, September 28th.

On average, analysts expect that FactSet Research Systems will report full-year sales of $1.58 billion for the current financial year, with estimates ranging from $1.58 billion to $1.59 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.67 billion, with estimates ranging from $1.65 billion to $1.69 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for FactSet Research Systems.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Monday, June 28th. The business services provider reported $2.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.75 by ($0.03). The business had revenue of $399.60 million during the quarter, compared to analyst estimates of $397.72 million. FactSet Research Systems had a return on equity of 44.88% and a net margin of 24.80%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.86 EPS.

Several equities research analysts recently weighed in on the company. Royal Bank of Canada increased their target price on FactSet Research Systems from $375.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, August 9th. The Goldman Sachs Group dropped their target price on FactSet Research Systems from $276.00 to $274.00 and set a “sell” rating for the company in a report on Wednesday, June 30th. Bank of America increased their target price on FactSet Research Systems from $295.00 to $310.00 and gave the company an “underperform” rating in a report on Wednesday, June 30th. Deutsche Bank Aktiengesellschaft increased their price objective on FactSet Research Systems from $315.00 to $330.00 and gave the stock a “hold” rating in a report on Wednesday, June 30th. Finally, Barclays upgraded FactSet Research Systems from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $340.00 to $450.00 in a report on Wednesday, August 25th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $336.89.

In other FactSet Research Systems news, Director Malcolm Frank sold 3,000 shares of the firm’s stock in a transaction on Tuesday, July 13th. The shares were sold at an average price of $335.17, for a total value of $1,005,510.00. Following the completion of the transaction, the director now owns 3,000 shares of the company’s stock, valued at $1,005,510. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rachel Rebecca Stern sold 6,809 shares of the firm’s stock in a transaction on Thursday, August 12th. The stock was sold at an average price of $363.00, for a total transaction of $2,471,667.00. Following the completion of the transaction, the executive vice president now directly owns 2,920 shares of the company’s stock, valued at approximately $1,059,960. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,424 shares of company stock valued at $8,704,739. 0.74% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. Border to Coast Pensions Partnership Ltd acquired a new stake in FactSet Research Systems during the second quarter valued at $25,723,982,000. State Street Corp grew its position in FactSet Research Systems by 6.7% during the second quarter. State Street Corp now owns 1,544,771 shares of the business services provider’s stock valued at $518,441,000 after buying an additional 97,511 shares during the period. Millennium Management LLC grew its position in FactSet Research Systems by 258.6% during the first quarter. Millennium Management LLC now owns 96,875 shares of the business services provider’s stock valued at $29,895,000 after buying an additional 69,857 shares during the period. Morgan Stanley grew its position in FactSet Research Systems by 7.0% during the second quarter. Morgan Stanley now owns 944,784 shares of the business services provider’s stock valued at $317,079,000 after buying an additional 62,164 shares during the period. Finally, Echo Street Capital Management LLC grew its position in FactSet Research Systems by 10.3% during the second quarter. Echo Street Capital Management LLC now owns 644,398 shares of the business services provider’s stock valued at $216,266,000 after buying an additional 60,241 shares during the period. 87.49% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems stock traded down $0.72 during midday trading on Friday, hitting $372.78. 271,185 shares of the company’s stock were exchanged, compared to its average volume of 203,502. FactSet Research Systems has a 52-week low of $294.21 and a 52-week high of $390.96. The stock has a 50-day moving average price of $367.61 and a two-hundred day moving average price of $341.02. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.27 and a current ratio of 3.28. The company has a market cap of $14.08 billion, a P/E ratio of 37.17, a PEG ratio of 4.08 and a beta of 0.80.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 16th. Investors of record on Tuesday, August 31st were given a $0.82 dividend. The ex-dividend date of this dividend was Monday, August 30th. This represents a $3.28 dividend on an annualized basis and a yield of 0.88%. FactSet Research Systems’s dividend payout ratio is presently 30.17%.

About FactSet Research Systems

FactSet Research Systems Inc (the “”Company”” or “”FactSet””) is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company’s content and multi-asset class solutions across each stage of the investment process.

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