Q1 2017 EPS Estimates for FactSet Research Systems Inc. Decreased by Oppenheimer Holdings (FDS)
FactSet Research Systems Inc. (NYSE:FDS) – Equities research analysts at Oppenheimer Holdings reduced their Q1 2017 earnings per share (EPS) estimates for FactSet Research Systems in a report issued on Tuesday. Oppenheimer Holdings analyst G. Greene now forecasts that the firm will post earnings per share of $1.71 for the quarter, down from their previous forecast of $1.74. Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for FactSet Research Systems’ Q3 2017 earnings at $1.81 EPS, Q4 2017 earnings at $1.86 EPS, FY2017 earnings at $7.11 EPS, Q1 2018 earnings at $1.90 EPS, Q2 2018 earnings at $1.94 EPS, Q3 2018 earnings at $2.00 EPS, Q4 2018 earnings at $2.08 EPS and FY2018 earnings at $7.91 EPS.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, September 27th. The company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.70 by $0.01. The company earned $287.30 million during the quarter. FactSet Research Systems had a net margin of 30.06% and a return on equity of 48.65%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 EPS.
FDS has been the subject of a number of other research reports. Raymond James Financial Inc. downgraded FactSet Research Systems from a “market perform” rating to an “underperform” rating in a report on Tuesday. Barclays PLC raised their price target on FactSet Research Systems from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, August 23rd. Cantor Fitzgerald reaffirmed a “hold” rating on shares of FactSet Research Systems in a research report on Friday, August 19th. Morgan Stanley set a $161.00 price objective on FactSet Research Systems and gave the company a “hold” rating in a research report on Wednesday. Finally, Bank of America Corp. set a $185.00 target price on FactSet Research Systems and gave the stock a “hold” rating in a research report on Thursday, September 15th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus 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 $6.51 billion, a P/E ratio of 26.01 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 has a 50-day moving average of $175.83 and a 200 day moving average of $162.29.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Wednesday, August 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Monday, August 29th. FactSet Research Systems’s dividend payout ratio is presently 24.30%.
In other news, Director Joseph E. Laird, Jr. sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $165.00, for a total value of $165,000.00. Following the sale, the director now owns 2,500 shares in the company, valued at $412,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of FDS. Tiverton Asset Management LLC increased its position in shares of FactSet Research Systems by 502.9% in the second quarter. Tiverton Asset Management LLC now owns 771,581 shares of the company’s stock worth $54,003,000 after buying an additional 643,596 shares in the last quarter. Norges Bank purchased a new position in shares of FactSet Research Systems during the fourth quarter worth approximately $61,644,000. Loomis Sayles & Co. L P boosted its position in shares of 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 worth $395,751,000 after buying an additional 307,358 shares during the last quarter. Fiera Capital Corp purchased a new position in shares of FactSet Research Systems during the second quarter worth approximately $30,523,000. Finally, Ngam Advisors L.P. purchased a new position in shares of FactSet Research Systems during the second quarter worth approximately $23,266,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.
About FactSet Research Systems
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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