Brokerages forecast that FactSet Research Systems Inc. (NYSE:FDS) will announce $404.98 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for FactSet Research Systems’ earnings. The lowest sales estimate is $404.00 million and the highest is $405.55 million. FactSet Research Systems posted sales of $383.59 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.6%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, September 28th.
On average, analysts expect that FactSet Research Systems will report full year sales of $1.58 billion for the current year, with estimates ranging from $1.58 billion to $1.59 billion. For the next year, analysts forecast that the business will report sales of $1.67 billion, with estimates ranging from $1.65 billion to $1.69 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow FactSet Research Systems.
FactSet Research Systems (NYSE:FDS) last issued its earnings results on Monday, June 28th. The business services provider reported $2.72 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.03). The firm had revenue of $399.60 million during the quarter, compared to analysts’ expectations of $397.72 million. FactSet Research Systems had a return on equity of 44.88% and a net margin of 24.80%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.86 earnings per share.
FactSet Research Systems stock traded down $0.72 during mid-day trading on Friday, reaching $372.78. 271,185 shares of the company traded hands, compared to its average volume of 203,502. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.28 and a quick ratio of 3.27. The firm’s 50 day moving average price is $367.61 and its 200 day moving average price is $341.02. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 37.17, a P/E/G ratio of 4.08 and a beta of 0.80. FactSet Research Systems has a 52-week low of $294.21 and a 52-week high of $390.96.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 16th. Investors of record on Tuesday, August 31st were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is 30.17%.
In other FactSet Research Systems news, CEO Frederick Philip Snow sold 2,500 shares of the business’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $380.41, for a total value of $951,025.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Rachel Rebecca Stern sold 6,809 shares of the business’s stock in a transaction on Thursday, August 12th. The stock was sold at an average price of $363.00, for a total transaction of $2,471,667.00. Following the completion of the sale, the executive vice president now owns 2,920 shares in the company, valued at approximately $1,059,960. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,424 shares of company stock worth $8,704,739. 0.74% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in FDS. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of FactSet Research Systems by 0.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,628,352 shares of the business services provider’s stock valued at $502,499,000 after buying an additional 5,353 shares in the last quarter. State Street Corp raised its position in shares of FactSet Research Systems by 6.7% during the 2nd quarter. State Street Corp now owns 1,544,771 shares of the business services provider’s stock valued at $518,441,000 after buying an additional 97,511 shares in the last quarter. Ninety One UK Ltd raised its position in shares of FactSet Research Systems by 4.7% during the 2nd quarter. Ninety One UK Ltd now owns 982,517 shares of the business services provider’s stock valued at $329,743,000 after buying an additional 44,251 shares in the last quarter. Morgan Stanley raised its position in shares of FactSet Research Systems by 7.0% during the 2nd quarter. Morgan Stanley now owns 944,784 shares of the business services provider’s stock valued at $317,079,000 after buying an additional 62,164 shares in the last quarter. Finally, Echo Street Capital Management LLC raised its position in shares of FactSet Research Systems by 10.3% during the 2nd quarter. Echo Street Capital Management LLC now owns 644,398 shares of the business services provider’s stock valued at $216,266,000 after buying an additional 60,241 shares in the last quarter. Institutional investors and hedge funds own 87.49% of the company’s stock.
FactSet Research Systems Company Profile
FactSet Research Systems Inc (the “”Company”” or “”FactSet””) is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company’s content and multi-asset class solutions across each stage of the investment process.
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