FactSet Research Systems Inc. Expected to Earn FY2020 Earnings of $10.58 Per Share (NYSE:FDS)

FactSet Research Systems Inc. (NYSE:FDS) – Analysts at Jefferies Financial Group increased their FY2020 EPS estimates for shares of FactSet Research Systems in a report issued on Thursday, June 25th. Jefferies Financial Group analyst H. Mazari now anticipates that the business services provider will post earnings of $10.58 per share for the year, up from their previous estimate of $9.91.

FDS has been the topic of several other research reports. DA Davidson raised their price target on FactSet Research Systems from $260.00 to $288.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Credit Suisse Group lifted their target price on FactSet Research Systems from $250.00 to $310.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Cantor Fitzgerald lifted their target price on FactSet Research Systems from $240.00 to $258.00 and gave the company a “neutral” rating in a research note on Friday, March 27th. UBS Group lifted their target price on FactSet Research Systems from $226.00 to $298.00 and gave the company a “sell” rating in a research note on Friday, June 26th. Finally, Northcoast Research lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $240.00 target price on the stock. in a research note on Thursday, June 11th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. FactSet Research Systems has an average rating of “Hold” and a consensus price target of $272.15.

Shares of FactSet Research Systems stock opened at $326.80 on Monday. The firm 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 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. The stock’s fifty day moving average price is $300.75 and its 200-day moving average price is $279.20.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, June 25th. The business services provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.44 by $0.42. The firm had revenue of $374.10 million for the quarter, compared to analyst estimates of $376.35 million. FactSet Research Systems had a return on equity of 59.11% and a net margin of 25.45%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.62 earnings per share.

Several institutional investors have recently added to or reduced their stakes in the stock. Blair William & Co. IL lifted its stake in shares of FactSet Research Systems by 1.3% in the 1st quarter. Blair William & Co. IL now owns 2,935 shares of the business services provider’s stock valued at $765,000 after purchasing an additional 39 shares during the last quarter. Mattern Wealth Management LLC increased its position in FactSet Research Systems by 0.9% during the first quarter. Mattern Wealth Management LLC now owns 4,283 shares of the business services provider’s stock worth $1,116,000 after buying an additional 40 shares in the last quarter. Navellier & Associates Inc increased its position in FactSet Research Systems by 5.7% during the first quarter. Navellier & Associates Inc now owns 804 shares of the business services provider’s stock worth $210,000 after buying an additional 43 shares in the last quarter. Squar Milner Financial Services LLC increased its position in FactSet Research Systems by 13.4% during the first quarter. Squar Milner Financial Services LLC now owns 399 shares of the business services provider’s stock worth $104,000 after buying an additional 47 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its position in FactSet Research Systems by 1.2% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 4,167 shares of the business services provider’s stock worth $1,086,000 after buying an additional 49 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Frederick Philip Snow sold 1,769 shares of FactSet Research Systems stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $272.11, for a total transaction of $481,362.59. Following the completion of the sale, the chief executive officer now owns 5,623 shares of the company’s stock, valued at $1,530,074.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sheila B. Jordan sold 4,208 shares of FactSet Research Systems stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $269.09, for a total value of $1,132,330.72. Following the sale, the director now directly owns 4,208 shares of the company’s stock, valued at approximately $1,132,330.72. The disclosure for this sale can be found here. In the last three months, insiders sold 20,687 shares of company stock valued at $5,687,331. Corporate insiders own 2.30% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, May 28th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.72. FactSet Research Systems’s dividend payout ratio (DPR) is currently 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.

Featured Article: Quiet Period

Earnings History and Estimates for FactSet Research Systems (NYSE:FDS)

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.