Northcoast Research Weighs in on FactSet Research Systems Inc.’s FY2020 Earnings (NYSE:FDS)

FactSet Research Systems Inc. (NYSE:FDS) – Northcoast Research boosted their FY2020 EPS estimates for FactSet Research Systems in a report released on Friday, June 26th. Northcoast Research analyst K. Housum now anticipates that the business services provider will post earnings per share of $10.58 for the year, up from their prior forecast of $10.06. Northcoast Research currently has a “Sell” rating and a $240.00 price target on the stock. Northcoast Research also issued estimates for FactSet Research Systems’ Q4 2020 earnings at $2.58 EPS.

Several other brokerages have also recently weighed in on FDS. DA Davidson lifted their price target on FactSet Research Systems from $260.00 to $288.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Morgan Stanley lifted their price target on FactSet Research Systems from $220.00 to $251.00 and gave the company an “underweight” rating in a research report on Friday, June 26th. Oppenheimer reiterated a “hold” rating on shares of FactSet Research Systems in a research report on Thursday, June 25th. Stifel Nicolaus lifted their price target on FactSet Research Systems from $230.00 to $310.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Finally, Cantor Fitzgerald lifted their price target on FactSet Research Systems from $240.00 to $258.00 and gave the company a “neutral” rating in a research report on Friday, March 27th. Five investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $272.15.

FactSet Research Systems stock 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. FactSet Research Systems has a 52 week low of $195.22 and a 52 week high of $343.78. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 3.67 and a beta of 0.78. The stock has a 50-day moving average price of $300.75 and a 200 day moving average price of $279.20.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 29th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 0.94%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Thursday, May 28th. FactSet Research Systems’s payout ratio is presently 30.80%.

In related news, CEO Frederick Philip Snow sold 1,769 shares of the business’s stock in a transaction that occurred on 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 directly owns 5,623 shares in the company, valued at $1,530,074.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James J. Mcgonigle sold 2,500 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $252.30, for a total value of $630,750.00. Following the transaction, the director now directly owns 15,533 shares in the company, valued at approximately $3,918,975.90. The disclosure for this sale can be found here. Insiders have sold 20,687 shares of company stock valued at $5,687,331 over the last quarter. 2.30% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted 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 purchasing an additional 81,632 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of FactSet Research Systems by 3.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,833,172 shares of the business services provider’s stock valued at $760,140,000 after purchasing an additional 87,437 shares during the last quarter. State Street Corp lifted its stake in shares of FactSet Research Systems by 27.0% in the 1st quarter. State Street Corp now owns 1,581,276 shares of the business services provider’s stock valued at $412,207,000 after purchasing an additional 336,464 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of FactSet Research Systems by 1.1% in the 4th 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 purchasing an additional 15,853 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in FactSet Research Systems by 0.3% during the 1st quarter. Geode Capital Management LLC now owns 570,337 shares of the business services provider’s stock worth $148,672,000 after acquiring an additional 1,431 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors and hedge funds.

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

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