FactSet Research Systems (NYSE:FDS) Issues Earnings Results

FactSet Research Systems (NYSE:FDS) announced its quarterly earnings data on Tuesday. The business services provider reported $2.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.25, RTT News reports. The business had revenue of $364.50 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $2.18 earnings per share. FactSet Research Systems updated its FY 2019 guidance to $9.80-9.90 EPS and its FY19 guidance to $9.80-9.90 EPS.

FactSet Research Systems stock opened at $285.41 on Friday. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. The business has a fifty day simple moving average of $285.88. FactSet Research Systems has a 12 month low of $188.31 and a 12 month high of $305.38. The company has a current ratio of 2.88, a quick ratio of 2.45 and a debt-to-equity ratio of 0.88.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Friday, May 31st were issued a $0.72 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.01%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 33.76%.

A number of research analysts have issued reports on FDS shares. Piper Jaffray Companies lifted their price objective on FactSet Research Systems from $211.00 to $262.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Deutsche Bank lifted their price objective on FactSet Research Systems from $217.00 to $245.00 and gave the company a “hold” rating in a research note on Wednesday, March 27th. Morgan Stanley lifted their price objective on FactSet Research Systems from $211.00 to $220.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Cantor Fitzgerald lifted their price objective on FactSet Research Systems from $209.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Finally, DA Davidson lifted their price objective on FactSet Research Systems to $214.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. FactSet Research Systems has an average rating of “Hold” and a consensus target price of $251.77.

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 1,186 shares of FactSet Research Systems stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $278.41, for a total value of $330,194.26. Following the completion of the sale, the chief executive officer now owns 4,980 shares of the company’s stock, valued at approximately $1,386,481.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 3,555 shares of company stock valued at $951,954. Corporate 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.

Featured Article: Why do company’s buyback their stock?

Earnings History for FactSet Research Systems (NYSE:FDS)

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.