FactSet Research Systems (NYSE:FDS) Releases Earnings Results, Beats Expectations By $0.16 EPS

FactSet Research Systems (NYSE:FDS) released its quarterly earnings results on Thursday. The business services provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.42 by $0.16, Bloomberg Earnings reports. The firm had revenue of $366.70 million for the quarter, compared to analyst estimates of $367.42 million. FactSet Research Systems had a return on equity of 63.04% and a net margin of 24.58%. FactSet Research Systems’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.35 EPS. FactSet Research Systems updated its FY 2020
Pre-Market guidance to 9.85-10.15 EPS and its FY20 guidance to $9.85-$10.15 EPS.

Shares of FDS traded up $0.72 during midday trading on Thursday, hitting $269.82. The company had a trading volume of 815,237 shares, compared to its average volume of 342,803. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 3.01 and a beta of 0.95. The company’s 50 day moving average price is $260.29 and its 200 day moving average price is $271.00. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.85. FactSet Research Systems has a 52 week low of $188.31 and a 52 week high of $305.38.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, November 27th. FactSet Research Systems’s payout ratio is currently 28.80%.

A number of analysts have recently issued reports on the stock. William Blair reiterated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, September 27th. Bank of America downgraded shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and set a $230.00 target price for the company. in a research note on Friday, September 27th. ValuEngine lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. Morgan Stanley dropped their price target on shares of FactSet Research Systems from $217.00 to $215.00 and set an “underweight” rating on the stock in a research note on Thursday, October 10th. Finally, DA Davidson cut their price objective on shares of FactSet Research Systems to $240.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Five analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. FactSet Research Systems presently has a consensus rating of “Hold” and an average price target of $241.69.

In other news, CEO Frederick Philip Snow sold 1,186 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $243.26, for a total transaction of $288,506.36. Following the transaction, the chief executive officer now owns 4,980 shares of the company’s stock, valued at $1,211,434.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 3,558 shares of company stock worth $898,846. Company insiders own 2.30% of the company’s stock.

About FactSet Research Systems

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 for FactSet Research Systems (NYSE:FDS)

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