FactSet Research Systems Inc. to Post Q2 2019 Earnings of $2.27 Per Share, Oppenheimer Forecasts (NYSE:FDS)

FactSet Research Systems Inc. (NYSE:FDS) – Equities research analysts at Oppenheimer lowered their Q2 2019 EPS estimates for FactSet Research Systems in a report released on Tuesday, according to Zacks Investment Research. Oppenheimer analyst G. Greene now expects that the business services provider will post earnings of $2.27 per share for the quarter, down from their prior forecast of $2.29. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for FactSet Research Systems’ Q3 2019 earnings at $2.33 EPS, Q4 2019 earnings at $2.43 EPS and FY2019 earnings at $9.25 EPS.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, December 19th. The business services provider reported $2.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.06. FactSet Research Systems had a net margin of 20.76% and a return on equity of 54.65%. The company had revenue of $329.10 million for the quarter, compared to analyst estimates of $330.49 million. During the same quarter last year, the firm earned $1.75 EPS. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year.

Several other research firms have also commented on FDS. Zacks Investment Research lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. DA Davidson initiated coverage on shares of FactSet Research Systems in a report on Thursday, December 14th. They set a “neutral” rating and a $174.00 target price on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $166.00 target price (up previously from $157.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Northcoast Research raised shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Thursday, September 21st. Finally, Bank of America reissued a “neutral” rating and set a $192.00 price target (up previously from $180.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. FactSet Research Systems has an average rating of “Hold” and an average price target of $183.46.

FactSet Research Systems (NYSE FDS) opened at $197.75 on Thursday. The company has a current ratio of 2.64, a quick ratio of 2.04 and a debt-to-equity ratio of 0.93. FactSet Research Systems has a twelve month low of $155.09 and a twelve month high of $207.25. The company has a market cap of $7,717.00, a price-to-earnings ratio of 26.02, a P/E/G ratio of 2.24 and a beta of 0.97.

Several large investors have recently bought and sold shares of the company. Tandem Investment Advisors Inc. lifted its position in shares of FactSet Research Systems by 1.0% in the 4th quarter. Tandem Investment Advisors Inc. now owns 64,557 shares of the business services provider’s stock worth $12,444,000 after purchasing an additional 620 shares during the period. Institutional & Family Asset Management LLC lifted its position in shares of FactSet Research Systems by 1.5% in the 3rd 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 during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of FactSet Research Systems in the 3rd quarter worth about $513,000. Visionary Asset Management Inc. purchased a new stake in shares of FactSet Research Systems in the 3rd quarter worth about $205,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of FactSet Research Systems in the 3rd quarter worth about $248,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Scott A. Billeadeau sold 2,419 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $192.30, for a total value of $465,173.70. Following the completion of the sale, the director now directly owns 4,419 shares of the company’s stock, valued at approximately $849,773.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James J. Mcgonigle sold 1,186 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $193.92, for a total transaction of $229,989.12. Following the completion of the sale, the director now directly owns 22,754 shares of the company’s stock, valued at $4,412,455.68. The disclosure for this sale can be found here. Insiders have sold a total of 6,405 shares of company stock valued at $1,234,723 in the last three months. 2.70% of the stock is currently owned by corporate insiders.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Thursday, November 30th were given a dividend of $0.56 per share. The ex-dividend date was Wednesday, November 29th. This represents a $2.24 annualized dividend and a yield of 1.13%. FactSet Research Systems’s payout ratio is currently 33.79%.

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FactSet Research Systems Company Profile

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.

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

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