$363.20 Million in Sales Expected for FactSet Research Systems Inc. (NYSE:FDS) This Quarter

Wall Street brokerages forecast that FactSet Research Systems Inc. (NYSE:FDS) will post $363.20 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for FactSet Research Systems’ earnings, with estimates ranging from $359.00 million to $366.39 million. FactSet Research Systems posted sales of $345.86 million in the same quarter last year, which would indicate a positive year over year growth rate of 5%. The company is scheduled to announce its next earnings report on Tuesday, September 24th.

On average, analysts expect that FactSet Research Systems will report full-year sales of $1.43 billion for the current financial year, with estimates ranging from $1.43 billion to $1.44 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.51 billion, with estimates ranging from $1.49 billion to $1.52 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for FactSet Research Systems.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, June 25th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.25. The company had revenue of $364.50 million for the quarter, compared to analyst estimates of $359.25 million. FactSet Research Systems had a return on equity of 64.19% and a net margin of 23.30%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.18 EPS.



Several research firms have weighed in on FDS. Bank of America boosted their price target on FactSet Research Systems from $290.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, June 26th. Goldman Sachs Group downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the company from $256.00 to $246.00 in a research note on Thursday, June 27th. UBS Group boosted their price target on FactSet Research Systems from $212.00 to $233.00 and gave the company a “sell” rating in a research note on Wednesday, June 26th. Credit Suisse Group reiterated a “hold” rating on shares of FactSet Research Systems in a research note on Monday, July 8th. Finally, Morgan Stanley downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $264.00 to $263.00 in a research note on Tuesday, July 16th. Three investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $251.69.

In other news, CEO Frederick Philip Snow sold 1,186 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $278.41, for a total value of $330,194.26. Following the sale, the chief executive officer now owns 4,980 shares in the company, valued at $1,386,481.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip A. Hadley sold 25,000 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $285.60, for a total value of $7,140,000.00. Following the completion of the sale, the director now owns 542,368 shares in the company, valued at approximately $154,900,300.80. The disclosure for this sale can be found here. Insiders sold 74,314 shares of company stock worth $21,474,848 in the last 90 days. Company insiders own 2.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of FDS. RDL Financial Inc. raised its holdings in shares of FactSet Research Systems by 9.6% during the first quarter. RDL Financial Inc. now owns 10,473 shares of the business services provider’s stock valued at $2,600,000 after acquiring an additional 918 shares during the last quarter. Cleararc Capital Inc. acquired a new position in shares of FactSet Research Systems during the first quarter valued at approximately $242,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of FactSet Research Systems by 1.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,030 shares of the business services provider’s stock valued at $2,015,000 after acquiring an additional 100 shares during the last quarter. Navellier & Associates Inc acquired a new position in shares of FactSet Research Systems during the second quarter valued at approximately $216,000. Finally, BTIM Corp. raised its holdings in shares of FactSet Research Systems by 3.1% during the first quarter. BTIM Corp. now owns 88,307 shares of the business services provider’s stock valued at $21,924,000 after acquiring an additional 2,619 shares during the last quarter. Institutional investors own 94.34% of the company’s stock.

FactSet Research Systems stock traded up $4.88 during trading hours on Thursday, hitting $277.03. 229,900 shares of the stock traded hands, compared to its average volume of 330,255. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.87 and a quick ratio of 2.87. The firm’s 50 day moving average price is $283.75 and its 200-day moving average price is $264.60. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 2.84 and a beta of 1.00. FactSet Research Systems has a 1 year low of $188.31 and a 1 year high of $305.38.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be paid a $0.72 dividend. The ex-dividend date is Thursday, August 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.04%. FactSet Research Systems’s payout ratio is 33.76%.

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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