FactSet Research Systems Inc. (NYSE:FDS) – Equities research analysts at Oppenheimer cut their Q2 2018 earnings estimates for FactSet Research Systems in a note issued to investors on Tuesday, according to Zacks Investment Research. Oppenheimer analyst G. Greene now anticipates that the business services provider will post earnings per share of $2.04 for the quarter, down from their previous forecast of $2.06. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for FactSet Research Systems’ Q3 2018 earnings at $2.09 EPS, Q4 2018 earnings at $2.18 EPS and FY2018 earnings at $8.35 EPS.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, December 19th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.06. The firm had revenue of $329.10 million during the quarter, compared to analysts’ expectations of $330.49 million. FactSet Research Systems had a return on equity of 54.65% and a net margin of 20.76%. FactSet Research Systems’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.75 earnings per share.
Several other research analysts have also recently issued reports on FDS. Morgan Stanley reiterated an “equal weight” rating and issued a $166.00 price objective (up previously from $157.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Barclays increased their price objective on FactSet Research Systems from $164.00 to $175.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 27th. Bank of America reiterated a “neutral” rating and issued a $192.00 price objective (up previously from $180.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $169.00 price objective (up previously from $163.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $199.00 price objective on shares of FactSet Research Systems in a research report on Thursday, December 21st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $183.46.
FactSet Research Systems (FDS) opened at $197.75 on Friday. The stock has a market capitalization of $7,687.71, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 2.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.64 and a quick ratio of 2.04. FactSet Research Systems has a 52-week low of $155.09 and a 52-week high of $207.25.
Institutional investors have recently bought and sold shares of the stock. ETF Managers Group LLC purchased a new stake in FactSet Research Systems during the 2nd quarter worth about $121,000. Mountain Capital Investment Advisors Inc purchased a new stake in FactSet Research Systems during the 2nd quarter worth about $126,000. Turner Investments LLC purchased a new stake in FactSet Research Systems during the 3rd quarter worth about $144,000. Fieldpoint Private Securities LLC purchased a new stake in FactSet Research Systems during the 3rd quarter worth about $195,000. Finally, Visionary Asset Management Inc. purchased a new stake in FactSet Research Systems during the 3rd quarter worth about $205,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.
In other news, Director Scott A. Billeadeau sold 2,419 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $192.30, for a total value of $465,173.70. Following the completion of the transaction, the director now owns 4,419 shares in the company, valued at $849,773.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Matthew J. Mcnulty sold 1,400 shares of FactSet Research Systems stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $192.70, for a total value of $269,780.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,405 shares of company stock valued at $1,234,723. Company insiders own 2.70% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Thursday, November 30th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Wednesday, November 29th. FactSet Research Systems’s dividend 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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