According to Zacks, “The Global business information service provider, FactSet’s fourth-quarter fiscal 2017 top and bottom line results, though marked a strong year over year improvement, both fell short of their respective Zacks Consensus Estimates. Furthermore, FactSet’s soft guidance for the forthcoming quarter makes us suspicious about a potential slowdown coming for the company. Nonetheless, we opine that its sustained focus on product innovation across segments with an emphasis on financial services to expand the customer base will continue to help it keep floating despite the current macroeconomic challenges. Moreover, FactSet’s strategy of growing through acquisitions is praiseworthy. Additionally, the share repurchase program is expected to support its earnings per share in the long run and boost shareholder value.”
A number of other research firms have also recently commented on FDS. Macquarie started coverage on shares of FactSet Research Systems in a research report on Thursday, August 25th. They set a neutral rating and a $180.00 price objective for the company. Credit Suisse Group AG reaffirmed a buy rating and set a $179.00 price objective on shares of FactSet Research Systems in a research report on Wednesday. Morgan Stanley set a $161.00 price objective on shares of FactSet Research Systems and gave the stock a hold rating in a research report on Wednesday. Oppenheimer Holdings Inc. reaffirmed a market perform rating on shares of FactSet Research Systems in a research report on Wednesday. Finally, Barclays PLC lifted their price objective on shares of FactSet Research Systems from $160.00 to $175.00 and gave the stock an equal weight rating in a research report on Tuesday, August 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $170.22.
Shares of FactSet Research Systems (NYSE:FDS) opened at 160.21 on Thursday. The firm has a market cap of $6.41 billion, a PE ratio of 19.56 and a beta of 0.68. FactSet Research Systems has a 12 month low of $135.95 and a 12 month high of $183.17. The company’s 50 day moving average is $175.83 and its 200-day moving average is $162.29.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, September 27th. The company reported $1.69 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by $0.01. FactSet Research Systems had a return on equity of 48.65% and a net margin of 30.06%. The company had revenue of $287.30 million for the quarter. During the same period last year, the business posted $1.48 earnings per share. FactSet Research Systems’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts predict that FactSet Research Systems will post $7.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Wednesday, August 31st were given a dividend of $0.50 per share. The ex-dividend date was Monday, August 29th. This represents a $2.00 annualized dividend and a yield of 1.25%. FactSet Research Systems’s dividend payout ratio 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 dated Friday, July 15th. The stock was sold at an average price of $167.50, for a total transaction of $167,500.00. Following the completion of the transaction, the vice president now owns 3,016 shares of the company’s stock, valued at $505,180. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. M&T Bank Corp increased its position in shares of FactSet Research Systems by 1.4% in the first quarter. M&T Bank Corp now owns 7,079 shares of the company’s stock valued at $1,072,000 after buying an additional 95 shares during the last quarter. Bessemer Group Inc. increased its position in shares of FactSet Research Systems by 32,279.0% in the first quarter. Bessemer Group Inc. now owns 78,681 shares of the company’s stock valued at $11,923,000 after buying an additional 78,438 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of FactSet Research Systems by 8.1% in the first quarter. JPMorgan Chase & Co. now owns 303,631 shares of the company’s stock valued at $46,009,000 after buying an additional 22,733 shares during the last quarter. Provident Investment Management Inc. increased its position in FactSet Research Systems by 5.2% in the first quarter. Provident Investment Management Inc. now owns 130,343 shares of the company’s stock valued at $19,751,000 after buying an additional 6,405 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in FactSet Research Systems by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,182,812 shares of the company’s stock valued at $179,232,000 after buying an additional 13,160 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.
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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