FactSet Research Systems Inc. (NYSE:FDS) – Research analysts at Northcoast Research lifted their Q1 2018 earnings estimates for shares of FactSet Research Systems in a research report issued on Thursday. Northcoast Research analyst K. Housum now anticipates that the business services provider will earn $1.99 per share for the quarter, up from their previous estimate of $1.91. Northcoast Research has a “Buy” rating and a $195.00 price objective on the stock. Northcoast Research also issued estimates for FactSet Research Systems’ FY2018 earnings at $8.33 EPS and FY2019 earnings at $9.20 EPS.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, June 27th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.01. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The company had revenue of $312.12 million for the quarter, compared to analyst estimates of $314.14 million. During the same quarter in the previous year, the firm earned $1.64 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This story was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://stocknewstimes.com/2017/09/23/analysts-offer-predictions-for-factset-research-systems-inc-s-q1-2018-earnings-fds.html.
A number of other equities research analysts also recently commented on FDS. Zacks Investment Research downgraded FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Monday, June 5th. UBS AG reiterated a “buy” rating and set a $146.00 price objective (down previously from $150.00) on shares of FactSet Research Systems in a research report on Friday, June 9th. BidaskClub downgraded FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $163.00 price objective on shares of FactSet Research Systems in a research report on Tuesday, July 25th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $164.80.
FactSet Research Systems (NYSE:FDS) opened at 168.61 on Friday. FactSet Research Systems has a 1-year low of $150.95 and a 1-year high of $183.64. The firm has a 50-day moving average price of $160.34 and a 200 day moving average price of $164.48. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 19.66 and a beta of 0.97.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of FactSet Research Systems by 0.9% in the second quarter. Vanguard Group Inc. now owns 3,586,640 shares of the business services provider’s stock valued at $596,028,000 after purchasing an additional 32,331 shares in the last quarter. BlackRock Inc. raised its holdings in shares of FactSet Research Systems by 0.3% during the second quarter. BlackRock Inc. now owns 3,159,707 shares of the business services provider’s stock worth $525,082,000 after acquiring an additional 8,480 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of FactSet Research Systems by 2.0% during the first quarter. Wellington Management Group LLP now owns 1,282,438 shares of the business services provider’s stock worth $211,487,000 after acquiring an additional 25,295 shares in the last quarter. State Street Corp raised its holdings in shares of FactSet Research Systems by 1.9% during the first quarter. State Street Corp now owns 1,038,821 shares of the business services provider’s stock worth $171,308,000 after acquiring an additional 19,591 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of FactSet Research Systems by 3.8% during the first quarter. Bank of America Corp DE now owns 989,548 shares of the business services provider’s stock worth $163,186,000 after acquiring an additional 35,850 shares in the last quarter. Institutional investors own 93.72% of the company’s stock.
In other news, Chairman Philip A. Hadley sold 38,942 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $163.83, for a total value of $6,379,867.86. Following the completion of the sale, the chairman now owns 666,494 shares in the company, valued at $109,191,712.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip A. Hadley sold 5,983 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $165.55, for a total value of $990,485.65. Following the completion of the sale, the director now owns 705,436 shares of the company’s stock, valued at approximately $116,784,929.80. The disclosure for this sale can be found here. Insiders sold 188,784 shares of company stock valued at $31,456,615 in the last 90 days. Corporate insiders own 2.70% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st were issued a $0.56 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.33%. FactSet Research Systems’s payout ratio is currently 26.20%.
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.
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