FactSet Research Systems (NYSE:FDS) Updates FY24 Earnings Guidance

FactSet Research Systems (NYSE:FDS) updated its FY24 earnings guidance on Friday. The company provided earnings per share guidance of $16.00-16.40 for the period, compared to the consensus earnings per share estimate of $16.00. The company issued revenue guidance of $2.18-2.19 billion, compared to the consensus revenue estimate of $2.20 billion. FactSet Research Systems also updated its FY 2024 guidance to 16.000-16.400 EPS.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FDS. The Goldman Sachs Group upped their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a sell rating in a research report on Friday, March 22nd. Stifel Nicolaus reiterated a hold rating and set a $469.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets upped their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a market perform rating in a research report on Monday, March 25th. Royal Bank of Canada restated a sector perform rating and issued a $464.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Barclays restated an equal weight rating and issued a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $431.50.

FactSet Research Systems Trading Up 3.8 %

NYSE:FDS opened at $423.73 on Monday. The firm’s fifty day moving average is $423.68 and its 200-day moving average is $448.28. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. FactSet Research Systems has a 52 week low of $385.27 and a 52 week high of $488.64. The firm 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.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The company had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. Equities analysts expect that FactSet Research Systems will post 15.95 earnings per share for the current year.

FactSet Research Systems Increases Dividend

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

Insider Activity

In related news, EVP Goran Skoko sold 6,215 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the transaction, the executive vice president now directly owns 5,262 shares of the company’s stock, valued at $2,296,336.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,166,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Goran Skoko sold 6,215 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the completion of the sale, the executive vice president now owns 5,262 shares of the company’s stock, valued at approximately $2,296,336.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,987 shares of company stock valued at $10,283,347. 1.00% of the stock is currently owned by insiders.

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.