FactSet Research Systems (NYSE:FDS) Posts Earnings Results, Beats Expectations By $0.46 EPS

FactSet Research Systems (NYSE:FDS) posted its quarterly earnings data on Friday. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.91 by $0.46, Briefing.com reports. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The company had revenue of $552.70 million for the quarter, compared to the consensus estimate of $552.71 million. During the same period last year, the company earned $3.79 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. FactSet Research Systems updated its FY 2024 guidance to 16.000-16.400 EPS and its FY24 guidance to $16.00-16.40 EPS.

FactSet Research Systems Price Performance

NYSE:FDS opened at $423.73 on Monday. FactSet Research Systems has a one year low of $385.27 and a one year high of $488.64. The company has a market cap of $16.15 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.65 and a beta of 0.74. The firm’s fifty day moving average price is $423.68 and its two-hundred day moving average price is $448.28. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were issued a $1.04 dividend. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, May 31st. FactSet Research Systems’s payout ratio is currently 32.94%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a report on Monday, March 25th. Barclays reiterated an “equal weight” rating and issued a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Bank of America downgraded shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. The Goldman Sachs Group boosted their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $431.50.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Robert J. Robie sold 4,336 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $431.48, for a total value of $1,870,897.28. Following the transaction, the executive vice president now directly owns 1,485 shares in the company, valued at $640,747.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robert J. Robie sold 4,336 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the sale, the executive vice president now directly owns 1,485 shares of the company’s stock, valued at approximately $640,747.80. The disclosure for this sale can be found here. Insiders have sold a total of 23,987 shares of company stock worth $10,283,347 over the last ninety days. Insiders own 1.00% of the company’s stock.

About FactSet Research Systems

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.