Q2 2017 EPS Estimates for FactSet Research Systems Inc. (FDS) Reduced by Oppenheimer Holdings
FactSet Research Systems Inc. (NYSE:FDS) – Stock analysts at Oppenheimer Holdings lowered their Q2 2017 earnings per share (EPS) estimates for FactSet Research Systems in a research note issued to investors on Tuesday. Oppenheimer Holdings analyst G. Greene now anticipates that the brokerage will post earnings per share of $1.74 for the quarter, down from their previous estimate of $1.78. Oppenheimer Holdings currently has a “Market Perform” rating on the stock.
FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, September 27th. The company reported $1.69 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $287.30 million for the quarter. During the same period last year, the company earned $1.48 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year.
A number of other equities research analysts have also recently commented on the company. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $125.00 target price (up from $124.00) on shares of FactSet Research Systems in a research note on Friday. Zacks Investment Research raised FactSet Research Systems from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley set a $161.00 target price on FactSet Research Systems and gave the stock a “hold” rating in a research note on Wednesday. Credit Suisse Group AG reissued a “buy” rating and issued a $179.00 target price on shares of FactSet Research Systems in a research note on Wednesday. Finally, Raymond James Financial Inc. cut FactSet Research Systems from a “market perform” rating to an “underperform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $169.67.
Shares of FactSet Research Systems (NYSE:FDS) opened at 162.10 on Friday. The company has a market cap of $6.48 billion, a PE ratio of 19.79 and a beta of 0.68. The company’s 50-day moving average is $175.53 and its 200 day moving average is $162.34. FactSet Research Systems has a 52-week low of $135.95 and a 52-week high of $183.17.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Wednesday, August 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Monday, August 29th. FactSet Research Systems’s payout ratio is 24.30%.
In other FactSet Research Systems 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 completion of 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 SEC, which is accessible through this link. 2.60% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in shares of FactSet Research Systems during the fourth quarter worth approximately $61,644,000. Virginia Retirement System bought a new stake in shares of FactSet Research Systems during the first quarter worth approximately $1,803,000. IFP Advisors Inc boosted its stake in shares of FactSet Research Systems by 2.6% in the first quarter. IFP Advisors Inc now owns 2,421 shares of the company’s stock worth $367,000 after buying an additional 62 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of FactSet Research Systems by 25.0% in the first quarter. Stratos Wealth Partners LTD. now owns 2,358 shares of the company’s stock worth $357,000 after buying an additional 471 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of FactSet Research Systems by 0.9% in the first quarter. Prudential Financial Inc. now owns 25,599 shares of the company’s stock worth $3,879,000 after buying an additional 230 shares during the last quarter. 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.
Receive News & Stock Ratings for FactSet Research Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems Inc. and related stocks with our FREE daily email newsletter.