FactSet (FDS) Earning Somewhat Favorable Media Coverage, Study Finds

News articles about FactSet (NYSE:FDS) have trended somewhat positive on Friday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FactSet earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 47.8774353548994 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment’s analysis:

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A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut FactSet from a “buy” rating to a “hold” rating in a report on Monday. UBS upped their price target on FactSet from $179.00 to $184.00 and gave the stock a “sell” rating in a report on Wednesday, March 28th. Morgan Stanley upped their price target on FactSet from $186.00 to $192.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 28th. Stifel Nicolaus upped their price target on FactSet from $169.00 to $184.00 and gave the stock a “hold” rating in a report on Wednesday, March 28th. Finally, Cantor Fitzgerald upped their price target on FactSet from $187.00 to $203.00 and gave the stock a “neutral” rating in a report on Wednesday, March 28th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. FactSet currently has an average rating of “Hold” and an average price target of $192.00.

NYSE:FDS traded down $3.10 during trading hours on Friday, reaching $193.65. 295,577 shares of the company traded hands, compared to its average volume of 317,797. The stock has a market cap of $7,647.90, a PE ratio of 26.49, a price-to-earnings-growth ratio of 2.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.64 and a current ratio of 2.53. FactSet has a 1-year low of $155.09 and a 1-year high of $217.36.

FactSet (NYSE:FDS) last announced its earnings results on Tuesday, March 27th. The business services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.06. The firm had revenue of $335.20 million for the quarter, compared to analysts’ expectations of $333.78 million. FactSet had a return on equity of 54.00% and a net margin of 19.07%. FactSet’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.81 EPS. equities research analysts predict that FactSet will post 8.48 earnings per share for the current fiscal year.

FactSet announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 27th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, February 27th. FactSet’s dividend payout ratio (DPR) is presently 30.64%.

In other FactSet news, COO Mark J. Hale sold 48,001 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $198.43, for a total transaction of $9,524,838.43. Following the transaction, the chief operating officer now owns 6,268 shares of the company’s stock, valued at approximately $1,243,759.24. The sale 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 stock in a transaction on Monday, January 8th. The stock was sold at an average price of $193.92, for a total value of $229,989.12. Following the transaction, the director now directly owns 22,754 shares in the company, valued at approximately $4,412,455.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,187 shares of company stock worth $9,952,828. 2.70% of the stock is owned by insiders.

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FactSet 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. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

Insider Buying and Selling by Quarter for FactSet (NYSE:FDS)

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