Northcoast Research Weighs in on FactSet Research Systems Inc.’s FY2020 Earnings (NYSE:FDS)
FactSet Research Systems Inc. (NYSE:FDS) – Research analysts at Northcoast Research boosted their FY2020 earnings per share estimates for FactSet Research Systems in a research note issued to investors on Friday, June 26th. Northcoast Research analyst K. Housum now expects that the business services provider will post earnings per share of $10.58 for the year, up from their previous estimate of $10.06. Northcoast Research has a “Sell” rating and a $240.00 price objective on the stock. Northcoast Research also issued estimates for FactSet Research Systems’ Q4 2020 earnings at $2.58 EPS.
FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, June 25th. The business services provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.42. FactSet Research Systems had a net margin of 25.45% and a return on equity of 59.11%. The business had revenue of $374.10 million during the quarter, compared to the consensus estimate of $376.35 million. During the same quarter last year, the company posted $2.62 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year.
NYSE FDS opened at $326.80 on Monday. FactSet Research Systems has a 52-week low of $195.22 and a 52-week high of $343.78. The company has a 50-day simple moving average of $300.75 and a 200 day simple moving average of $279.20. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.63 and a current ratio of 2.63. The company has a market capitalization of $12.45 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 3.67 and a beta of 0.78.
A number of institutional investors have recently made changes to their positions in FDS. State Street Corp lifted its position in FactSet Research Systems by 27.0% during the first quarter. State Street Corp now owns 1,581,276 shares of the business services provider’s stock valued at $412,207,000 after purchasing an additional 336,464 shares during the last quarter. Norges Bank bought a new stake in FactSet Research Systems during the fourth quarter valued at approximately $79,136,000. Balyasny Asset Management LLC bought a new stake in FactSet Research Systems during the first quarter valued at approximately $22,827,000. Loomis Sayles & Co. L P lifted its position in FactSet Research Systems by 3.2% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,833,172 shares of the business services provider’s stock valued at $760,140,000 after purchasing an additional 87,437 shares during the last quarter. Finally, BlackRock Inc. lifted its position in FactSet Research Systems by 1.8% during the first quarter. BlackRock Inc. now owns 4,584,838 shares of the business services provider’s stock valued at $1,195,177,000 after purchasing an additional 81,632 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.
In other FactSet Research Systems news, EVP Robert J. Robie sold 4,000 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $276.44, for a total transaction of $1,105,760.00. Following the completion of the sale, the executive vice president now directly owns 1,598 shares in the company, valued at $441,751.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 1,769 shares of FactSet Research Systems stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $308.22, for a total transaction of $545,241.18. Following the sale, the chief executive officer now owns 3,887 shares of the company’s stock, valued at $1,198,051.14. The disclosure for this sale can be found here. Insiders sold 20,687 shares of company stock valued at $5,687,331 over the last 90 days. 2.30% of the stock is owned by company insiders.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 29th were given a $0.77 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.72. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, May 28th. FactSet Research Systems’s dividend payout ratio (DPR) is 30.80%.
About FactSet Research Systems
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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