Wall Street analysts expect FactSet Research Systems Inc. (NYSE:FDS) to report sales of $325.31 million for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for FactSet Research Systems’ earnings, with the lowest sales estimate coming in at $323.08 million and the highest estimate coming in at $326.90 million. FactSet Research Systems reported sales of $287.29 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.2%. The business is expected to report its next quarterly earnings report on Tuesday, September 26th.

On average, analysts expect that FactSet Research Systems will report full year sales of $325.31 million for the current fiscal year. For the next fiscal year, analysts forecast that the business will report sales of $1.34 billion per share, with estimates ranging from $1.33 billion to $1.36 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover FactSet Research Systems.

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, topping the consensus estimate of $1.84 by $0.01. FactSet Research Systems had a net margin of 29.02% and a return on equity of 55.72%. The business had revenue of $312.12 million for the quarter, compared to analyst estimates of $314.14 million. During the same period in the prior year, the company posted $1.64 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis.

Several analysts recently commented on FDS shares. Zacks Investment Research cut shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. BidaskClub upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Deutsche Bank AG started coverage on shares of FactSet Research Systems in a research note on Wednesday, May 10th. They issued a “hold” rating and a $160.00 target price for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $163.00 target price on shares of FactSet Research Systems in a research note on Tuesday, July 25th. Finally, UBS AG reiterated a “buy” rating and issued a $146.00 target price (down from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. FactSet Research Systems currently has a consensus rating of “Hold” and an average target price of $164.90.

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In other news, Director Philip A. Hadley sold 100,017 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $168.99, for a total value of $16,901,872.83. Following the sale, the director now owns 761,436 shares in the company, valued at approximately $128,675,069.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott G. Miller sold 17,074 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $165.78, for a total transaction of $2,830,527.72. Following the completion of the sale, the executive vice president now owns 15,045 shares in the company, valued at approximately $2,494,160.10. The disclosure for this sale can be found here. Insiders have sold 206,858 shares of company stock worth $34,453,143 in the last quarter. Corporate insiders own 2.70% of the company’s stock.

Large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its position in shares of FactSet Research Systems by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,340 shares of the business services provider’s stock valued at $2,365,000 after buying an additional 200 shares during the period. Capital Insight Partners LLC increased its position in shares of FactSet Research Systems by 101.9% in the first quarter. Capital Insight Partners LLC now owns 9,728 shares of the business services provider’s stock valued at $1,604,000 after buying an additional 4,910 shares during the period. Clarkston Capital Partners LLC bought a new position in shares of FactSet Research Systems during the first quarter valued at about $326,000. Nikko Asset Management Americas Inc. increased its position in shares of FactSet Research Systems by 61.5% in the first quarter. Nikko Asset Management Americas Inc. now owns 2,100 shares of the business services provider’s stock valued at $346,000 after buying an additional 800 shares during the period. Finally, Everett Harris & Co. CA increased its position in shares of FactSet Research Systems by 33.3% in the first quarter. Everett Harris & Co. CA now owns 82,165 shares of the business services provider’s stock valued at $13,550,000 after buying an additional 20,535 shares during the period. Institutional investors own 94.97% of the company’s stock.

FactSet Research Systems (FDS) traded up 0.37% during mid-day trading on Thursday, reaching $159.27. 142,179 shares of the company’s stock were exchanged. FactSet Research Systems has a 1-year low of $150.95 and a 1-year high of $183.64. The stock has a market capitalization of $6.25 billion, a PE ratio of 18.57 and a beta of 0.95. The firm’s 50-day moving average is $162.73 and its 200 day moving average is $166.99.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 31st will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Tuesday, August 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 26.20%.

FactSet Research Systems Company Profile

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

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