FactSet Research Systems (FDS) Issues Quarterly Earnings Results, Beats Estimates By $0.06 EPS

FactSet Research Systems (NYSE:FDS) announced its earnings results on Tuesday. The business services provider reported $2.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $0.06, RTT News reports. FactSet Research Systems had a net margin of 19.78% and a return on equity of 58.62%. The business had revenue of $351.60 million during the quarter, compared to analysts’ expectations of $349.92 million. During the same quarter in the prior year, the company posted $2.04 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. FactSet Research Systems updated its FY 2019 guidance to $9.45-9.65 EPS and its FY19 guidance to $9.45-9.65 EPS.

Shares of FDS stock opened at $217.58 on Tuesday. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.16 and a beta of 0.91. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.09. FactSet Research Systems has a one year low of $183.89 and a one year high of $237.95.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Friday, November 30th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, November 29th. FactSet Research Systems’s dividend payout ratio is currently 30.01%.

Several brokerages recently commented on FDS. Stifel Nicolaus increased their target price on shares of FactSet Research Systems from $188.00 to $223.00 and gave the stock a “hold” rating in a report on Wednesday, September 26th. Cantor Fitzgerald increased their target price on shares of FactSet Research Systems from $203.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, September 26th. Wells Fargo & Co increased their target price on shares of FactSet Research Systems from $190.00 to $225.00 and gave the stock a “market perform” rating in a report on Wednesday, September 26th. Barclays increased their target price on shares of FactSet Research Systems from $185.00 to $210.00 and gave the stock an “underweight” rating in a report on Wednesday, September 26th. Finally, Zacks Investment Research upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $251.00 target price for the company in a report on Tuesday, August 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $218.73.

In other FactSet Research Systems news, EVP Robert J. Robie sold 1,174 shares of the stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $224.78, for a total value of $263,891.72. Following the completion of the sale, the executive vice president now owns 2,862 shares in the company, valued at $643,320.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Matthew J. Mcnulty sold 1,684 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of $225.00, for a total transaction of $378,900.00. Following the completion of the sale, the senior vice president now owns 3,727 shares of the company’s stock, valued at approximately $838,575. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in FDS. Bruderman Asset Management LLC acquired a new stake in FactSet Research Systems in the second quarter valued at $112,000. Quantbot Technologies LP bought a new position in shares of FactSet Research Systems in the third quarter valued at about $139,000. Delaney Dennis R bought a new position in shares of FactSet Research Systems in the third quarter valued at about $200,000. Checchi Capital Advisers LLC bought a new position in shares of FactSet Research Systems in the third quarter valued at about $212,000. Finally, Cookson Peirce & Co. Inc. bought a new position in shares of FactSet Research Systems in the third quarter valued at about $217,000. Hedge funds and other institutional investors own 92.35% of the company’s stock.

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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. It 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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