Analysts expect FactSet Research Systems Inc. (NYSE:FDS) to report $358.95 million in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for FactSet Research Systems’ earnings, with the lowest sales estimate coming in at $354.90 million and the highest estimate coming in at $361.92 million. FactSet Research Systems reported sales of $339.91 million during the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The firm is scheduled to announce its next earnings report on Tuesday, June 25th.
According to Zacks, analysts expect that FactSet Research Systems will report full-year sales of $1.43 billion for the current fiscal year, with estimates ranging from $1.43 billion to $1.44 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.51 billion, with estimates ranging from $1.50 billion to $1.53 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover FactSet Research Systems.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. The company had revenue of $354.90 million during the quarter, compared to analysts’ expectations of $356.46 million. FactSet Research Systems had a return on equity of 64.58% and a net margin of 22.45%. FactSet Research Systems’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.12 EPS.
FDS has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on FactSet Research Systems from $200.00 to $211.00 and gave the company an “equal weight” rating in a research note on Monday, February 25th. DA Davidson upped their price target on FactSet Research Systems to $214.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Piper Jaffray Companies upped their price target 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. Barclays reaffirmed a “hold” rating and issued a $275.00 price target on shares of FactSet Research Systems in a research note on Monday, May 6th. Finally, Deutsche Bank upped their price target 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. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $239.82.
In related news, EVP Robert J. Robie sold 10,459 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $241.34, for a total value of $2,524,175.06. Following the completion of the transaction, the executive vice president now directly owns 4,331 shares in the company, valued at approximately $1,045,243.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 1,182 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $236.63, for a total value of $279,696.66. Following the completion of the transaction, the chief executive officer now owns 4,870 shares of the company’s stock, valued at $1,152,388.10. The disclosure for this sale can be found here. Insiders sold a total of 14,010 shares of company stock valued at $3,425,632 over the last quarter. 2.30% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in FDS. Lindbrook Capital LLC acquired a new position in FactSet Research Systems during the 4th quarter worth approximately $27,000. CWM LLC boosted its position in FactSet Research Systems by 88.4% during the 4th quarter. CWM LLC now owns 162 shares of the business services provider’s stock worth $32,000 after acquiring an additional 76 shares during the last quarter. Global Retirement Partners LLC boosted its position in FactSet Research Systems by 114.0% during the 4th quarter. Global Retirement Partners LLC now owns 199 shares of the business services provider’s stock worth $40,000 after acquiring an additional 106 shares during the last quarter. Quantamental Technologies LLC acquired a new position in FactSet Research Systems during the 4th quarter worth approximately $45,000. Finally, Riverview Trust Co acquired a new position in FactSet Research Systems during the 4th quarter worth approximately $47,000. 92.05% of the stock is owned by hedge funds and other institutional investors.
Shares of FDS stock opened at $275.00 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.45 and a quick ratio of 2.45. The stock has a market capitalization of $10.41 billion, a PE ratio of 32.24, a P/E/G ratio of 2.75 and a beta of 1.14. FactSet Research Systems has a one year low of $188.31 and a one year high of $284.32.
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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