FactSet Research Systems Inc. to Post FY2021 Earnings of $10.99 Per Share, Piper Jaffray Forecasts (FDS)

FactSet Research Systems Inc. (NYSE:FDS) – Equities researchers at Piper Jaffray issued their FY2021 earnings estimates for FactSet Research Systems in a report released on Tuesday. Piper Jaffray analyst P. Appert expects that the business services provider will post earnings per share of $10.99 for the year. Piper Jaffray has a “Hold” rating and a $197.00 price objective on the stock.

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Other research analysts have also recently issued research reports about the stock. Morgan Stanley raised their target price on shares of FactSet Research Systems from $179.00 to $186.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $169.00 to $184.00 and gave the stock a “hold” rating in a report on Wednesday. UBS raised their target price on shares of FactSet Research Systems from $179.00 to $184.00 and gave the stock a “sell” rating in a report on Wednesday. Zacks Investment Research cut shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, Northcoast Research cut shares of FactSet Research Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $192.00.

Shares of FactSet Research Systems stock opened at $199.42 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.53 and a quick ratio of 2.64. FactSet Research Systems has a 1 year low of $155.09 and a 1 year high of $217.36. The firm has a market cap of $7,782.17, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.90.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, March 27th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.06. FactSet Research Systems had a net margin of 19.07% and a return on equity of 54.00%. The firm had revenue of $335.20 million during the quarter, compared to analysts’ expectations of $333.78 million. During the same quarter last year, the company posted $1.81 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a $0.56 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $2.24 dividend on an annualized basis and a yield of 1.12%. FactSet Research Systems’s payout ratio is 30.64%.

FactSet Research Systems announced that its board has approved a share repurchase program on Tuesday, March 27th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the business services provider to reacquire up to 3.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

In other FactSet Research Systems news, VP Matthew J. Mcnulty sold 1,000 shares of FactSet Research Systems stock in a transaction on Friday, January 12th. The shares were sold at an average price of $198.00, for a total value of $198,000.00. Following the completion of the transaction, the vice president now owns 2,848 shares of the company’s stock, valued at $563,904. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James J. Mcgonigle sold 1,186 shares of FactSet Research Systems stock in a transaction on Monday, January 8th. The shares were sold at an average price of $193.92, for a total transaction of $229,989.12. Following the completion of the transaction, the director now directly owns 22,754 shares of the company’s stock, valued at approximately $4,412,455.68. The disclosure for this sale can be found here. Insiders sold 52,606 shares of company stock valued at $10,418,001 in the last ninety days. 2.70% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Institutional & Family Asset Management LLC increased its stake in shares of FactSet Research Systems by 1.5% during the third quarter. Institutional & Family Asset Management LLC now owns 18,024 shares of the business services provider’s stock worth $3,246,000 after purchasing an additional 259 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of FactSet Research Systems by 3.1% during the fourth quarter. Franklin Resources Inc. now owns 10,875 shares of the business services provider’s stock worth $2,096,000 after purchasing an additional 332 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of FactSet Research Systems by 9.3% during the third quarter. First Republic Investment Management Inc. now owns 3,941 shares of the business services provider’s stock worth $710,000 after purchasing an additional 334 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of FactSet Research Systems by 6.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,406 shares of the business services provider’s stock worth $1,042,000 after purchasing an additional 346 shares in the last quarter. Finally, Copeland Capital Management LLC increased its stake in shares of FactSet Research Systems by 0.6% during the fourth quarter. Copeland Capital Management LLC now owns 61,172 shares of the business services provider’s stock worth $11,792,000 after purchasing an additional 351 shares in the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.

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About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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

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