FactSet Research Systems (NYSE:FDS) Updates FY25 Earnings Guidance

FactSet Research Systems (NYSE:FDS) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $16.80-$17.40 for the period, compared to the consensus earnings per share estimate of $17.20. The company issued revenue guidance of $2.285-$2.305 billion, compared to the consensus revenue estimate of $2.30 billion.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FDS. BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Evercore ISI began coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target for the company. UBS Group boosted their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, November 15th. Finally, Stifel Nicolaus boosted their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $451.85.

FactSet Research Systems Stock Down 3.2 %

Shares of FDS opened at $473.05 on Thursday. The company’s 50-day moving average price is $476.21 and its 200 day moving average price is $441.91. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $499.87. 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 firm has a market cap of $17.97 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. 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 period in the previous year, the firm earned $4.12 EPS. The business’s revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts forecast that FactSet Research Systems will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

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

Insider Buying and Selling

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 37.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,984 shares of company stock valued at $10,981,107. Corporate insiders own 1.10% of the company’s stock.

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.