FactSet Research Systems (NYSE:FDS) Updates FY 2022 Earnings Guidance

FactSet Research Systems (NYSE:FDS) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $12.000-$12.300 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $11.830. The company issued revenue guidance of $1.71 billion-$1.72 billion, compared to the consensus revenue estimate of $1.67 billion.

Several equities research analysts recently commented on the stock. The Goldman Sachs Group cut their target price on shares of FactSet Research Systems from $276.00 to $274.00 and set a sell rating on the stock in a research report on Wednesday, June 30th. Credit Suisse Group lifted their target price on shares of FactSet Research Systems from $350.00 to $395.00 and gave the stock a neutral rating in a research report on Wednesday, September 29th. Barclays upgraded shares of FactSet Research Systems from an equal weight rating to an overweight rating and boosted their price target for the stock from $340.00 to $450.00 in a research report on Wednesday, August 25th. UBS Group upgraded shares of FactSet Research Systems from a sell rating to a neutral rating and boosted their price target for the stock from $303.00 to $415.00 in a research report on Thursday, September 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of FactSet Research Systems from $330.00 to $380.00 and gave the stock a hold rating in a research report on Wednesday, September 29th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $379.60.

FactSet Research Systems stock opened at $409.73 on Thursday. The company has a quick ratio of 3.27, a current ratio of 3.28 and a debt-to-equity ratio of 0.56. FactSet Research Systems has a 12-month low of $294.21 and a 12-month high of $415.75. The firm’s fifty day moving average is $380.30 and its 200 day moving average is $348.49. The company has a market capitalization of $15.48 billion, a PE ratio of 40.85, a PEG ratio of 4.08 and a beta of 0.80.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Monday, September 27th. The business services provider reported $2.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.73 by $0.15. The company had revenue of $411.90 million for the quarter, compared to the consensus estimate of $404.92 million. FactSet Research Systems had a net margin of 24.80% and a return on equity of 44.88%. FactSet Research Systems’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.88 EPS. Sell-side analysts expect that FactSet Research Systems will post 11.03 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 16th. Shareholders of record on Tuesday, August 31st were paid a dividend of $0.82 per share. The ex-dividend date was Monday, August 30th. This represents a $3.28 dividend on an annualized basis and a yield of 0.80%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.17%.

In other news, CEO Frederick Philip Snow sold 2,500 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Zimmel sold 2,024 shares of the company’s stock in a transaction on Thursday, September 30th. The stock was sold at an average price of $398.78, for a total transaction of $807,130.72. The disclosure for this sale can be found here. Insiders have sold a total of 28,997 shares of company stock valued at $10,696,915 in the last 90 days. 0.74% of the stock is currently owned by company insiders.

About FactSet Research Systems

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

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