FactSet Research Systems (NYSE:FDS) Issues Quarterly Earnings Results

FactSet Research Systems (NYSE:FDS) posted its earnings results on Thursday. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12, RTT News reports. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same quarter last year, the firm posted $4.12 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. FactSet Research Systems updated its FY25 guidance to $16.80-$17.40 EPS.

FactSet Research Systems Trading Down 3.2 %

NYSE FDS opened at $473.05 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $476.21 and a two-hundred day simple moving average of $441.91. The stock has a market cap of $17.97 billion, a P/E ratio of 34.03, a P/E/G ratio of 3.15 and a beta of 0.76. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $499.87.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

Analyst Ratings Changes

Several equities analysts recently issued reports on FDS shares. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, November 15th. BMO Capital Markets boosted their price target on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Finally, UBS Group boosted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $451.85.

Insider Activity

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the transaction, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the sale, the chief executive officer now directly owns 12,987 shares in the company, valued at $5,910,253.83. The trade was a 18.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,984 shares of company stock valued at $10,981,107. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.