FactSet Research Systems Inc. to Post Q1 2024 Earnings of $4.15 Per Share, William Blair Forecasts (NYSE:FDS)

Posted by Defense World Staff on Jun 26th, 2023

FactSet Research Systems Inc. (NYSE:FDS – Get Rating) – Equities research analysts at William Blair reduced their Q1 2024 earnings per share estimates for shares of FactSet Research Systems in a report issued on Thursday, June 22nd. William Blair analyst A. Nicholas now expects that the business services provider will earn $4.15 per share for the quarter, down from their previous estimate of $4.19. The consensus estimate for FactSet Research Systems’ current full-year earnings is $15.04 per share. William Blair also issued estimates for FactSet Research Systems’ Q4 2024 earnings at $3.79 EPS.

FactSet Research Systems (NYSE:FDS – Get Rating) last posted its quarterly earnings results on Thursday, June 22nd. The business services provider reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.17. FactSet Research Systems had a return on equity of 37.65% and a net margin of 24.77%. The company had revenue of $529.80 million during the quarter, compared to the consensus estimate of $527.56 million. During the same quarter in the prior year, the company earned $3.76 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year.

Several other research analysts also recently commented on FDS. Redburn Partners upgraded FactSet Research Systems from a “sell” rating to a “neutral” rating in a research note on Tuesday, March 28th. Stifel Nicolaus raised their target price on FactSet Research Systems from $419.00 to $440.00 in a research note on Tuesday, June 20th. BMO Capital Markets began coverage on FactSet Research Systems in a research note on Monday, May 15th. They issued a “market perform” rating and a $424.00 target price for the company. StockNews.com began coverage on FactSet Research Systems in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of FactSet Research Systems in a research note on Friday, March 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $442.00.

FactSet Research Systems Stock Down 2.5 %

Shares of NYSE FDS opened at $394.05 on Monday. FactSet Research Systems has a 52 week low of $371.59 and a 52 week high of $474.13. The business has a 50-day simple moving average of $402.89 and a two-hundred day simple moving average of $411.55. The company has a quick ratio of 2.09, a current ratio of 2.11 and a debt-to-equity ratio of 1.00. The company has a market cap of $15.10 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.42 and a beta of 0.83.

Hedge Funds Weigh In On FactSet Research Systems

A number of large investors have recently bought and sold shares of the stock. Kensington Investment Counsel LLC increased its stake in FactSet Research Systems by 0.5% in the 3rd quarter. Kensington Investment Counsel LLC now owns 5,280 shares of the business services provider’s stock worth $2,113,000 after purchasing an additional 24 shares during the period. New York Life Investment Management LLC increased its stake in FactSet Research Systems by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 5,380 shares of the business services provider’s stock worth $2,159,000 after purchasing an additional 24 shares during the period. Strong Tower Advisory Services increased its stake in FactSet Research Systems by 0.8% in the 4th quarter. Strong Tower Advisory Services now owns 3,231 shares of the business services provider’s stock worth $1,296,000 after purchasing an additional 25 shares during the period. AE Wealth Management LLC increased its stake in FactSet Research Systems by 0.8% in the 4th quarter. AE Wealth Management LLC now owns 3,446 shares of the business services provider’s stock worth $1,382,000 after purchasing an additional 26 shares during the period. Finally, Ellevest Inc. increased its stake in FactSet Research Systems by 24.1% in the 1st quarter. Ellevest Inc. now owns 144 shares of the business services provider’s stock worth $60,000 after purchasing an additional 28 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 311 shares of the firm’s stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $409.30, for a total transaction of $127,292.30. Following the transaction, the chief accounting officer now directly owns 106 shares of the company’s stock, valued at approximately $43,385.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Goran Skoko sold 7,969 shares of the firm’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $412.96, for a total transaction of $3,290,878.24. Following the transaction, the executive vice president now directly owns 4,352 shares of the company’s stock, valued at approximately $1,797,201.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Gregory T. Moskoff sold 311 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $409.30, for a total value of $127,292.30. Following the completion of the transaction, the chief accounting officer now directly owns 106 shares in the company, valued at $43,385.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,537 shares of company stock valued at $5,165,878. Corporate insiders own 0.97% of the company’s stock.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.89. The ex-dividend date was Tuesday, May 30th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 30.04%.

About FactSet Research Systems

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FactSet Research Systems Inc, a financial data and analytics 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.

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

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