FactSet Research Systems (NYSE:FDS) Releases Earnings Results, Beats Expectations By $0.06 EPS

FactSet Research Systems (NYSE:FDSGet Free Report) issued its quarterly earnings data on Tuesday. The business services provider reported $4.46 earnings per share for the quarter, beating analysts’ consensus estimates of $4.40 by $0.06, FiscalAI reports. FactSet Research Systems had a return on equity of 30.49% and a net margin of 25.40%.The business had revenue of $611.02 million during the quarter, compared to analysts’ expectations of $604.78 million.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $204.67 on Tuesday. The business has a 50-day simple moving average of $220.32 and a 200-day simple moving average of $262.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.54 and a current ratio of 1.54. FactSet Research Systems has a one year low of $185.00 and a one year high of $474.79. The company has a market cap of $7.59 billion, a PE ratio of 13.02, a P/E/G ratio of 2.03 and a beta of 0.75.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 27th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, February 27th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 27.99%.

More FactSet Research Systems News

Here are the key news stories impacting FactSet Research Systems this week:

FactSet Research Systems declared that its Board of Directors has approved a share buyback program on Thursday, December 18th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have weighed in on FDS shares. Evercore lifted their target price on FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a research report on Thursday, January 8th. Jefferies Financial Group reissued a “hold” rating and set a $305.00 price target on shares of FactSet Research Systems in a research report on Friday, December 19th. Morgan Stanley set a $307.00 price objective on shares of FactSet Research Systems and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Barclays dropped their price objective on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a report on Monday, February 23rd. Finally, UBS Group reiterated a “buy” rating on shares of FactSet Research Systems in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, FactSet Research Systems presently has an average rating of “Reduce” and an average target price of $285.69.

View Our Latest Analysis on FactSet Research Systems

Insider Activity at FactSet Research Systems

In related news, Director Malcolm Frank sold 2,572 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $295.70, for a total value of $760,540.40. Following the sale, the director owned 879 shares of the company’s stock, valued at $259,920.30. This trade represents a 74.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laurie Siegel sold 2,572 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $296.25, for a total transaction of $761,955.00. Following the transaction, the director owned 1,037 shares of the company’s stock, valued at $307,211.25. This trade represents a 71.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On FactSet Research Systems

Institutional investors have recently modified their holdings of the company. Daiwa Securities Group Inc. increased its holdings in FactSet Research Systems by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock valued at $3,071,000 after buying an additional 30 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in FactSet Research Systems by 2.7% during the 2nd quarter. SkyView Investment Advisors LLC now owns 1,809 shares of the business services provider’s stock worth $798,000 after buying an additional 48 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of FactSet Research Systems by 58.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock worth $62,000 after acquiring an additional 51 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of FactSet Research Systems by 188.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after acquiring an additional 64 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of FactSet Research Systems by 12.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 730 shares of the business services provider’s stock valued at $212,000 after acquiring an additional 80 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

About FactSet Research Systems

(Get Free Report)

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

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Earnings History for FactSet Research Systems (NYSE:FDS)

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