Investors bought shares of FactSet Research Systems Inc. (NYSE:FDS) on weakness during trading hours on Wednesday following a dissappointing earnings announcement. $67.44 million flowed into the stock on the tick-up and $52.70 million flowed out of the stock on the tick-down, for a money net flow of $14.74 million into the stock. Of all equities tracked, FactSet Research Systems had the 24th highest net in-flow for the day. FactSet Research Systems traded down ($1.95) for the day and closed at $162.39The company reported $1.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.70 by $0.01. The firm earned $287.30 million during the quarter. FactSet Research Systems had a return on equity of 47.11% and a net margin of 23.30%. FactSet Research Systems’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.48 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Wednesday, August 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Monday, August 29th. FactSet Research Systems’s dividend payout ratio is presently 32.47%.
A number of analysts have recently issued reports on the company. Morgan Stanley set a $161.00 price target on FactSet Research Systems and gave the stock a “hold” rating in a research note on Wednesday. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $179.00 price target on shares of FactSet Research Systems in a research note on Wednesday. Raymond James Financial Inc. lowered FactSet Research Systems from a “market perform” rating to an “underperform” rating in a research note on Tuesday. Bank of America Corp. set a $185.00 price target on FactSet Research Systems and gave the stock a “hold” rating in a research note on Thursday, September 15th. Finally, Zacks Investment Research lowered FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $170.22.
In other FactSet Research Systems news, VP Matthew J. Mcnulty sold 1,000 shares of FactSet Research Systems stock in a transaction on Friday, July 15th. The stock was sold at an average price of $167.50, for a total value of $167,500.00. Following the sale, the vice president now owns 3,016 shares in the company, valued at $505,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Mason Street Advisors LLC purchased a new stake in FactSet Research Systems during the second quarter valued at about $3,009,000. Sterling Capital Management LLC increased its stake in FactSet Research Systems by 0.8% in the second quarter. Sterling Capital Management LLC now owns 1,467 shares of the company’s stock valued at $237,000 after buying an additional 11 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in FactSet Research Systems by 5.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 116,301 shares of the company’s stock valued at $18,774,000 after buying an additional 5,553 shares in the last quarter. Stifel Financial Corp increased its stake in FactSet Research Systems by 9.6% in the second quarter. Stifel Financial Corp now owns 23,972 shares of the company’s stock valued at $3,870,000 after buying an additional 2,098 shares in the last quarter. Finally, Amalgamated Bank increased its stake in FactSet Research Systems by 36.6% in the second quarter. Amalgamated Bank now owns 7,003 shares of the company’s stock valued at $1,209,000 after buying an additional 1,875 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.
The stock’s 50 day moving average is $176.49 and its 200-day moving average is $162.30. The stock has a market cap of $6.60 billion, a PE ratio of 26.36 and a beta of 0.68.
FactSet Research Systems Company Profile
FactSet Research Systems Inc (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S., Europe and Asia Pacific. Sales, consulting, data collection, product development and software engineering are the primary functional groups within the U.S., Europe and Asia Pacific segments that provide global financial and economic information to investment managers, investment banks and other financial services professionals.
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