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

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

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $473.05 on Thursday. 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. The company has a fifty day moving average price of $476.21 and a two-hundred day moving average price of $441.91. FactSet Research Systems has a one year low of $391.84 and a one year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend 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 currently 29.93%.

Insider Activity

In related news, insider John Costigan sold 1,622 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the sale, the insider now owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Mcgonigle sold 5,410 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the transaction, the director now directly owns 5,283 shares of the company’s stock, valued at approximately $2,413,432.89. This trade represents a 50.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,984 shares of company stock valued at $10,981,107. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FDS. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday, November 15th. BMO Capital Markets raised their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Wells Fargo & Company upped their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Evercore ISI began coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target on the stock. Finally, Stifel Nicolaus upped their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $451.85.

About FactSet Research Systems

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.