William Blair Analysts Reduce Earnings Estimates for FactSet Research Systems Inc. (FDS)
FactSet Research Systems Inc. (NYSE:FDS) – Stock analysts at William Blair decreased their Q1 2017 EPS estimates for FactSet Research Systems in a research report issued to clients and investors on Tuesday. William Blair analyst T. Mchugh now expects that the firm will earn $1.70 per share for the quarter, down from their previous forecast of $1.71. William Blair also issued estimates for FactSet Research Systems’ Q2 2017 earnings at $1.73 EPS, Q3 2017 earnings at $1.78 EPS, Q4 2017 earnings at $1.83 EPS, FY2017 earnings at $7.04 EPS and FY2018 earnings at $7.61 EPS.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, September 27th. The company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by $0.01. The company had revenue of $287.30 million for the quarter. FactSet Research Systems had a return on equity of 48.65% and a net margin of 30.06%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.48 EPS.
A number of other analysts have also commented on FDS. Zacks Investment Research lowered FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. Cantor Fitzgerald reaffirmed a “hold” rating on shares of FactSet Research Systems in a research note on Friday, August 19th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $125.00 price target (up previously from $124.00) on shares of FactSet Research Systems in a research note on Friday. Barclays PLC raised their price target on FactSet Research Systems from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 23rd. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $179.00 price target on shares of FactSet Research Systems in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $169.67.
Shares of FactSet Research Systems (NYSE:FDS) opened at 162.10 on Thursday. The firm has a market cap of $6.48 billion, a PE ratio of 19.79 and a beta of 0.68. The stock’s 50 day moving average is $175.53 and its 200-day moving average is $162.34. FactSet Research Systems has a 1-year low of $135.95 and a 1-year high of $183.17.
A number of large investors have recently added to or reduced their stakes in FDS. Vanguard Group Inc. increased its stake in FactSet Research Systems by 1.1% in the second quarter. Vanguard Group Inc. now owns 3,126,652 shares of the company’s stock valued at $504,705,000 after buying an additional 33,998 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in FactSet Research Systems by 6.8% in the second quarter. Loomis Sayles & Co. L P now owns 2,789,051 shares of the company’s stock worth $450,209,000 after buying an additional 177,352 shares in the last quarter. BlackRock Fund Advisors increased its stake in FactSet Research Systems by 3.3% in the second quarter. BlackRock Fund Advisors now owns 1,484,841 shares of the company’s stock worth $239,683,000 after buying an additional 47,373 shares in the last quarter. Wellington Management Group LLP increased its stake in FactSet Research Systems by 4.9% in the first quarter. Wellington Management Group LLP now owns 1,307,959 shares of the company’s stock worth $198,195,000 after buying an additional 61,270 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in FactSet Research Systems by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,202,618 shares of the company’s stock worth $194,127,000 after buying an additional 19,806 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.
In related news, VP Matthew J. Mcnulty sold 1,000 shares of FactSet Research Systems stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $167.50, for a total value of $167,500.00. Following the completion of the sale, the vice president now directly owns 3,016 shares in the company, valued at approximately $505,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Wednesday, August 31st were issued a $0.50 dividend. The ex-dividend date was Monday, August 29th. This represents a $2.00 annualized dividend and a yield of 1.23%. FactSet Research Systems’s payout ratio is 24.30%.
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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