FactSet Research Systems Inc. (NYSE:FDS) Expected to Announce Quarterly Sales of $363.20 Million

Equities analysts predict that FactSet Research Systems Inc. (NYSE:FDS) will announce $363.20 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for FactSet Research Systems’ earnings, with the lowest sales estimate coming in at $359.00 million and the highest estimate coming in at $366.39 million. FactSet Research Systems reported sales of $345.86 million in the same quarter last year, which indicates a positive year over year growth rate of 5%. The firm is expected to issue its next quarterly earnings results on Tuesday, September 24th.

On average, analysts expect that FactSet Research Systems will report full year sales of $1.43 billion for the current financial year, with estimates ranging from $1.43 billion to $1.44 billion. For the next year, analysts forecast that the firm will report sales of $1.51 billion, with estimates ranging from $1.49 billion to $1.52 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for FactSet Research Systems.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, June 25th. The business services provider reported $2.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.37 by $0.25. FactSet Research Systems had a net margin of 23.30% and a return on equity of 64.19%. The firm had revenue of $364.50 million during the quarter, compared to analysts’ expectations of $359.25 million. During the same period last year, the firm posted $2.18 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year.

Several research firms have recently issued reports on FDS. Barclays restated a “hold” rating and set a $275.00 price objective on shares of FactSet Research Systems in a report on Monday, May 6th. Credit Suisse Group restated a “hold” rating on shares of FactSet Research Systems in a research report on Monday, July 8th. UBS Group boosted their target price on shares of FactSet Research Systems from $212.00 to $233.00 and gave the stock a “sell” rating in a research note on Wednesday, June 26th. Goldman Sachs Group downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $256.00 to $246.00 in a research note on Thursday, June 27th. Finally, Morgan Stanley downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $264.00 to $263.00 in a research note on Tuesday, July 16th. Three equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $251.69.

In other news, insider Brian G. Daly sold 473 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $294.17, for a total value of $139,142.41. Following the completion of the transaction, the insider now owns 735 shares in the company, valued at $216,214.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 1,186 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $277.24, for a total transaction of $328,806.64. Following the completion of the transaction, the chief executive officer now owns 4,980 shares of the company’s stock, valued at approximately $1,380,655.20. The disclosure for this sale can be found here. Insiders sold 74,314 shares of company stock valued at $21,474,848 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in FactSet Research Systems by 16.5% during the second quarter. BlackRock Inc. now owns 4,146,789 shares of the business services provider’s stock worth $1,188,303,000 after purchasing an additional 586,547 shares during the last quarter. Vanguard Group Inc. boosted its holdings in FactSet Research Systems by 3.2% during the second quarter. Vanguard Group Inc. now owns 3,799,216 shares of the business services provider’s stock worth $1,088,704,000 after purchasing an additional 116,960 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in FactSet Research Systems by 1.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,463,128 shares of the business services provider’s stock worth $419,278,000 after purchasing an additional 26,339 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in FactSet Research Systems by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 448,121 shares of the business services provider’s stock worth $128,415,000 after purchasing an additional 40,246 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in FactSet Research Systems by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 421,037 shares of the business services provider’s stock worth $84,261,000 after purchasing an additional 16,651 shares during the last quarter. Institutional investors own 94.34% of the company’s stock.

Shares of FactSet Research Systems stock traded up $4.88 during midday trading on Thursday, reaching $277.03. 229,900 shares of the company’s stock traded hands, compared to its average volume of 330,255. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 2.84 and a beta of 1.00. FactSet Research Systems has a 52 week low of $188.31 and a 52 week high of $305.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.87 and a current ratio of 2.87. The company’s 50 day simple moving average is $283.75 and its 200 day simple moving average is $264.60.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, August 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 33.76%.

FactSet Research Systems 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. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Earnings History and Estimates for FactSet Research Systems (NYSE:FDS)

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