FactSet Research Systems Inc. (NYSE:FDS) – Equities researchers at William Blair issued their FY2022 earnings estimates for shares of FactSet Research Systems in a research report issued on Thursday, June 25th. William Blair analyst A. Nicholas expects that the business services provider will earn $11.94 per share for the year.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, June 25th. The business services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.42. FactSet Research Systems had a net margin of 25.45% and a return on equity of 59.11%. The company had revenue of $374.10 million during the quarter, compared to the consensus estimate of $376.35 million. During the same period in the prior year, the business earned $2.62 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year.
Several other analysts have also recently weighed in on the company. Northcoast Research cut FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $240.00 price target on the stock. in a report on Thursday, June 11th. Morgan Stanley boosted their target price on shares of FactSet Research Systems from $220.00 to $251.00 and gave the stock an “underweight” rating in a report on Friday, June 26th. Oppenheimer reaffirmed a “hold” rating on shares of FactSet Research Systems in a research note on Thursday, June 25th. Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $230.00 to $310.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Finally, Credit Suisse Group raised their target price on FactSet Research Systems from $250.00 to $310.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Five research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $272.15.
Shares of FDS opened at $326.80 on Monday. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.16. The stock has a market cap of $12.45 billion, a PE ratio of 33.69, a PEG ratio of 3.67 and a beta of 0.78. FactSet Research Systems has a 12-month low of $195.22 and a 12-month high of $343.78. The business has a 50-day simple moving average of $300.75 and a two-hundred day simple moving average of $279.20.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of FactSet Research Systems by 1.8% in the 1st quarter. BlackRock Inc. now owns 4,584,838 shares of the business services provider’s stock valued at $1,195,177,000 after buying an additional 81,632 shares during the period. Loomis Sayles & Co. L P raised its stake in FactSet Research Systems by 3.2% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,833,172 shares of the business services provider’s stock worth $760,140,000 after buying an additional 87,437 shares during the period. State Street Corp boosted its holdings in FactSet Research Systems by 27.0% in the first quarter. State Street Corp now owns 1,581,276 shares of the business services provider’s stock worth $412,207,000 after acquiring an additional 336,464 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in FactSet Research Systems by 1.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,477,961 shares of the business services provider’s stock valued at $396,542,000 after acquiring an additional 15,853 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of FactSet Research Systems by 0.3% during the first quarter. Geode Capital Management LLC now owns 570,337 shares of the business services provider’s stock valued at $148,672,000 after acquiring an additional 1,431 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.
In related news, Director Sheila B. Jordan sold 4,208 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $269.09, for a total transaction of $1,132,330.72. Following the transaction, the director now directly owns 4,208 shares of the company’s stock, valued at $1,132,330.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James J. Mcgonigle sold 2,500 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $252.30, for a total transaction of $630,750.00. Following the completion of the sale, the director now owns 15,533 shares of the company’s stock, valued at $3,918,975.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,687 shares of company stock worth $5,687,331. 2.30% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 29th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.94%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.72. The ex-dividend date was Thursday, May 28th. FactSet Research Systems’s payout ratio 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.
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