FactSet Research Systems (NYSE:FDS) Announces Earnings Results

FactSet Research Systems (NYSE:FDS) released its earnings results on Thursday. The business services provider reported $2.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.42, MarketWatch Earnings reports. FactSet Research Systems had a return on equity of 58.78% and a net margin of 25.01%. The firm had revenue of $374.10 million for the quarter, compared to analysts’ expectations of $376.35 million. During the same quarter in the previous year, the business posted $2.62 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. FactSet Research Systems updated its FY 2020
Pre-Market guidance to 10.40-10.60 EPS and its FY20 guidance to $10.40-10.60 EPS.

Shares of NYSE:FDS opened at $342.16 on Friday. The company has a market capitalization of $11.26 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 3.50 and a beta of 0.78. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.63 and a quick ratio of 2.63. The business has a fifty day moving average price of $295.06 and a two-hundred day moving average price of $277.66. FactSet Research Systems has a 1 year low of $195.22 and a 1 year high of $343.78.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Thursday, May 28th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.72. FactSet Research Systems’s dividend payout ratio is 30.80%.

A number of research analysts have issued reports on the company. Oppenheimer reiterated a “hold” rating on shares of FactSet Research Systems in a research report on Thursday. Cantor Fitzgerald lifted their target price 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. Morgan Stanley lifted their price target on FactSet Research Systems from $215.00 to $220.00 and gave the company an “underweight” rating in a research note on Wednesday, April 22nd. Northcoast Research lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $240.00 price target on the stock. in a research note on Thursday, June 11th. Finally, Deutsche Bank lifted their price target on FactSet Research Systems from $237.00 to $293.00 and gave the company a “hold” rating in a research note on Wednesday, June 3rd. Six research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. FactSet Research Systems currently has a consensus rating of “Hold” and an average target price of $246.77.

In other FactSet Research Systems news, EVP Rachel Rebecca Stern sold 6,441 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $278.20, for a total value of $1,791,886.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 1,769 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $248.86, for a total value of $440,233.34. Following the transaction, the chief executive officer now directly owns 5,623 shares in the company, valued at approximately $1,399,339.78. The disclosure for this sale can be found here. Insiders sold a total of 45,277 shares of company stock valued at $12,078,368 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

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 for FactSet Research Systems (NYSE:FDS)

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