Q2 2019 EPS Estimates for FactSet Research Systems Inc. (FDS) Cut by Analyst
FactSet Research Systems Inc. (NYSE:FDS) – Equities research analysts at Oppenheimer decreased their Q2 2019 earnings per share estimates for shares of FactSet Research Systems in a note issued to investors on Tuesday. Oppenheimer analyst G. Greene now expects that the business services provider will earn $2.27 per share for the quarter, down from their prior estimate of $2.29. Oppenheimer currently 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 announced its earnings results on Tuesday, December 19th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, beating the 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 the consensus estimate of $330.49 million. During the same period in the previous year, the business earned $1.75 EPS. The company’s revenue was up 14.2% on a year-over-year basis.
Several other analysts also recently issued reports on the stock. Credit Suisse Group reissued an “outperform” rating and set a $205.00 target price (up from $200.00) on shares of FactSet Research Systems in a research note on Monday, October 23rd. Goldman Sachs Group began coverage on shares of FactSet Research Systems in a report on Wednesday, November 8th. They set a “neutral” rating and a $194.00 price target on the stock. Morgan Stanley boosted their price target on shares of FactSet Research Systems from $166.00 to $171.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Zacks Investment Research cut shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Northcoast Research cut shares of FactSet Research Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $183.46.
Shares of FactSet Research Systems (NYSE:FDS) traded up $1.05 during trading hours on Thursday, reaching $192.11. 265,089 shares of the company’s stock traded hands, compared to its average volume of 558,702. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.04 and a current ratio of 2.64. FactSet Research Systems has a 52 week low of $155.09 and a 52 week high of $207.25. The firm has a market cap of $7,472.31, a P/E ratio of 28.98, a P/E/G ratio of 2.16 and a beta of 0.97.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Thursday, November 30th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Wednesday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 33.79%.
In other FactSet Research Systems news, VP Matthew J. Mcnulty sold 1,049 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.00, for a total transaction of $189,869.00. Following the completion of the sale, the vice president now directly owns 2,499 shares in the company, valued at $452,319. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 7,334 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.24, for a total transaction of $1,329,214.16. Following the sale, the chief executive officer now owns 11,262 shares of the company’s stock, valued at $2,041,124.88. The disclosure for this sale can be found here. Insiders have sold 17,841 shares of company stock valued at $3,224,739 over the last 90 days. Corporate insiders own 2.70% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Sawtooth Solutions LLC raised its position in shares of FactSet Research Systems by 3.1% during the second quarter. Sawtooth Solutions LLC now owns 1,718 shares of the business services provider’s stock valued at $285,000 after buying an additional 52 shares during the last quarter. Advisors Asset Management Inc. raised its position in FactSet Research Systems by 0.8% in the second quarter. Advisors Asset Management Inc. now owns 8,068 shares of the business services provider’s stock worth $1,341,000 after purchasing an additional 62 shares in the last quarter. First Allied Advisory Services Inc. raised its position in FactSet Research Systems by 2.1% in the second quarter. First Allied Advisory Services Inc. now owns 3,579 shares of the business services provider’s stock worth $585,000 after purchasing an additional 72 shares in the last quarter. Alps Advisors Inc. raised its position in FactSet Research Systems by 2.5% in the second quarter. Alps Advisors Inc. now owns 3,059 shares of the business services provider’s stock worth $508,000 after purchasing an additional 75 shares in the last quarter. Finally, Gotham Asset Management LLC raised its position in FactSet Research Systems by 6.8% in the second quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock worth $215,000 after purchasing an additional 82 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.
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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