FactSet Research Systems (NYSE:FDS) Releases Earnings Results, Beats Expectations By $0.12 EPS

FactSet Research Systems (NYSE:FDS) posted its quarterly earnings data on Thursday. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12, RTT News reports. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same quarter in the previous year, the firm posted $4.12 earnings per share. FactSet Research Systems’s quarterly revenue was up 4.9% on a year-over-year basis. FactSet Research Systems updated its FY25 guidance to $16.80-$17.40 EPS.

FactSet Research Systems Price Performance

FDS opened at $489.73 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average of $476.92 and a 200 day moving average of $442.24. The stock has a market cap of $18.60 billion, a P/E ratio of 35.23, a PEG ratio of 3.15 and a beta of 0.76. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $499.87.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s payout ratio is 29.93%.

Insider Buying and Selling

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the transaction, the executive vice president now owns 23,515 shares in the company, valued at $10,726,367.25. The trade was a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,984 shares of company stock valued at $10,981,107 over the last three months. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Wells Fargo & Company increased their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. Morgan Stanley lifted their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. UBS Group raised their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Finally, BMO Capital Markets increased their target price on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $451.85.

FactSet Research Systems Company Profile

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.