Equities Analysts Offer Predictions for FactSet Research Systems Inc.’s FY2019 Earnings (FDS)

FactSet Research Systems Inc. (NYSE:FDS) – Analysts at Cantor Fitzgerald issued their FY2019 earnings per share estimates for shares of FactSet Research Systems in a research note issued to investors on Monday. Cantor Fitzgerald analyst J. Foresi anticipates that the business services provider will post earnings of $9.39 per share for the year.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, December 19th. The business services provider reported $2.04 EPS for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.06. FactSet Research Systems had a net margin of 20.76% and a return on equity of 54.65%. The firm had revenue of $329.10 million during the quarter, compared to the consensus estimate of $330.49 million. During the same quarter last year, the firm earned $1.75 EPS. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year.

A number of other brokerages also recently commented on FDS. Northcoast Research downgraded shares of FactSet Research Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. DA Davidson assumed coverage on shares of FactSet Research Systems in a report on Thursday, December 14th. They issued a “neutral” rating and a $174.00 price target for the company. Zacks Investment Research downgraded shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $199.00 price target on shares of FactSet Research Systems in a report on Thursday, December 21st. Finally, Goldman Sachs Group started coverage on shares of FactSet Research Systems in a report on Wednesday, November 8th. They issued a “neutral” rating and a $194.00 price target for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $183.46.

Shares of FactSet Research Systems (FDS) traded up $1.04 during trading hours on Wednesday, hitting $196.93. 362,967 shares of the company were exchanged, compared to its average volume of 316,400. The company has a current ratio of 2.64, a quick ratio of 2.04 and a debt-to-equity ratio of 0.93. FactSet Research Systems has a 1 year low of $155.09 and a 1 year high of $207.25. The company has a market cap of $7,700.00, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 2.19 and a beta of 0.97.

Large investors have recently modified their holdings of the company. ETF Managers Group LLC purchased a new position in shares of FactSet Research Systems during the second quarter worth approximately $121,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of FactSet Research Systems during the second quarter worth approximately $126,000. Turner Investments LLC purchased a new position in shares of FactSet Research Systems during the third quarter worth approximately $144,000. Fieldpoint Private Securities LLC purchased a new position in shares of FactSet Research Systems during the third quarter worth approximately $195,000. Finally, Visionary Asset Management Inc. purchased a new position in shares of FactSet Research Systems during the third quarter worth approximately $205,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Scott A. Billeadeau sold 2,419 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $192.30, for a total transaction of $465,173.70. Following the transaction, the director now directly owns 4,419 shares of the company’s stock, valued at $849,773.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Matthew J. Mcnulty sold 1,400 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $192.70, for a total transaction of $269,780.00. Following the transaction, the vice president now directly owns 3,248 shares in the company, valued at $625,889.60. The disclosure for this sale can be found here. Insiders sold a total of 5,219 shares of company stock worth $1,004,734 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Thursday, November 30th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 33.84%.

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About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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

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