FactSet Research Systems Inc. (NYSE:FDS) – Investment analysts at Northcoast Research lowered their Q1 2017 earnings per share (EPS) estimates for FactSet Research Systems in a note issued to investors on Wednesday. Northcoast Research analyst K. Housum now expects that the firm will post earnings per share of $1.69 for the quarter, down from their prior estimate of $1.72. Northcoast Research also issued estimates for FactSet Research Systems’ Q4 2017 earnings at $1.83 EPS, FY2017 earnings at $7.09 EPS and FY2018 earnings at $7.83 EPS.
FDS has been the subject of a number of other research reports. Raymond James Financial Inc. downgraded shares of FactSet Research Systems from a “market perform” rating to an “underperform” rating in a report on Tuesday. Barclays PLC raised their price target on shares of FactSet Research Systems from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 23rd. Cantor Fitzgerald restated a “hold” rating on shares of FactSet Research Systems in a report on Friday, August 19th. Bank of America Corp. set a $185.00 price target on shares of FactSet Research Systems and gave the stock a “hold” rating in a report on Thursday, September 15th. Finally, Macquarie started coverage on shares of FactSet Research Systems in a report on Thursday, August 25th. They set a “neutral” rating and a $180.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. FactSet Research Systems has an average rating of “Hold” and an average price target of $170.22.
FactSet Research Systems (NYSE:FDS) traded down 1.37% during mid-day trading on Thursday, reaching $160.16. The company’s stock had a trading volume of 502,610 shares. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 26.00 and a beta of 0.68. FactSet Research Systems has a 52 week low of $135.95 and a 52 week high of $183.17. The company’s 50-day moving average price is $176.21 and its 200 day moving average price is $162.30.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, September 27th. The company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by $0.01. The company had revenue of $287.30 million for the quarter. FactSet Research Systems had a return on equity of 47.98% and a net margin of 30.06%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 EPS.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Wednesday, August 31st were paid a $0.50 dividend. The ex-dividend date was Monday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.23%. FactSet Research Systems’s dividend payout ratio (DPR) is 24.30%.
In other FactSet Research Systems news, VP Matthew J. Mcnulty sold 1,000 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $167.50, for a total value of $167,500.00. Following the completion of the transaction, the vice president now owns 3,016 shares in the company, valued at $505,180. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Tiverton Asset Management LLC boosted its stake in FactSet Research Systems by 502.9% in the second quarter. Tiverton Asset Management LLC now owns 771,581 shares of the company’s stock valued at $54,003,000 after buying an additional 643,596 shares during the period. Norges Bank purchased a new stake in FactSet Research Systems during the fourth quarter valued at about $61,644,000. Loomis Sayles & Co. L P boosted its stake in FactSet Research Systems by 13.3% in the first quarter. Loomis Sayles & Co. L P now owns 2,611,699 shares of the company’s stock valued at $395,751,000 after buying an additional 307,358 shares during the period. Fiera Capital Corp purchased a new stake in FactSet Research Systems during the second quarter valued at about $30,523,000. Finally, Ngam Advisors L.P. purchased a new stake in FactSet Research Systems during the second quarter valued at about $23,266,000. Institutional investors and hedge funds own 92.87% of the company’s stock.
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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