FactSet Research Systems (NYSE:FDS) Issues FY23 Earnings Guidance

FactSet Research Systems (NYSE:FDSGet Rating) updated its FY23 earnings guidance on Thursday. The company provided EPS guidance of $14.50-14.90 for the period, compared to the consensus EPS estimate of $14.82. The company issued revenue guidance of $2.10-2.12 billion, compared to the consensus revenue estimate of $2.04 billion.

Analyst Ratings Changes

A number of research firms recently commented on FDS. Deutsche Bank Aktiengesellschaft lowered their price target on FactSet Research Systems from $507.00 to $483.00 in a report on Friday. Stifel Nicolaus dropped their price target on FactSet Research Systems from $432.00 to $394.00 and set a hold rating on the stock in a research report on Friday, June 24th. Credit Suisse Group decreased their price objective on FactSet Research Systems from $475.00 to $390.00 and set a neutral rating for the company in a research note on Friday, June 24th. Morgan Stanley decreased their price target on FactSet Research Systems from $362.00 to $338.00 and set an underweight rating for the company in a research note on Tuesday, June 21st. Finally, Barclays decreased their price target on FactSet Research Systems from $550.00 to $440.00 and set an overweight rating for the company in a research note on Friday, June 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $418.75.

FactSet Research Systems Price Performance

FDS stock opened at $394.75 on Friday. FactSet Research Systems has a 52-week low of $345.92 and a 52-week high of $495.39. The stock’s fifty day simple moving average is $431.55 and its 200-day simple moving average is $410.01. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $14.99 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 2.91 and a beta of 0.79.

FactSet Research Systems (NYSE:FDSGet Rating) last released its quarterly earnings data on Thursday, September 22nd. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.07). The company had revenue of $499.30 million during the quarter, compared to analysts’ expectations of $487.95 million. FactSet Research Systems had a net margin of 22.41% and a return on equity of 44.24%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the business earned $2.88 earnings per share. Equities research analysts expect that FactSet Research Systems will post 13.52 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.89 per share. The ex-dividend date was Tuesday, August 30th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 34.94%.

Insider Buying and Selling

In other FactSet Research Systems news, Director Sheila B. Jordan sold 2,572 shares of the company’s stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $391.15, for a total value of $1,006,037.80. Following the transaction, the director now owns 177 shares of the company’s stock, valued at $69,233.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Sheila B. Jordan sold 2,572 shares of FactSet Research Systems stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $391.15, for a total value of $1,006,037.80. Following the completion of the sale, the director now owns 177 shares of the company’s stock, valued at approximately $69,233.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 2,500 shares of FactSet Research Systems stock in a transaction on Friday, July 1st. The shares were sold at an average price of $384.54, for a total transaction of $961,350.00. Following the completion of the sale, the chief executive officer now directly owns 3,988 shares of the company’s stock, valued at approximately $1,533,545.52. The disclosure for this sale can be found here. Insiders have sold a total of 7,907 shares of company stock valued at $3,164,207 over the last quarter. Corporate insiders own 0.83% of the company’s stock.

Institutional Trading of FactSet Research Systems

Several large investors have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. grew its stake in shares of FactSet Research Systems by 49.5% during the first quarter. Vontobel Holding Ltd. now owns 1,051 shares of the business services provider’s stock valued at $463,000 after purchasing an additional 348 shares during the last quarter. Verition Fund Management LLC bought a new stake in FactSet Research Systems in the 1st quarter valued at $430,000. KB Financial Partners LLC lifted its position in FactSet Research Systems by 16.6% in the 1st quarter. KB Financial Partners LLC now owns 920 shares of the business services provider’s stock valued at $399,000 after acquiring an additional 131 shares in the last quarter. Prudential PLC acquired a new stake in FactSet Research Systems in the 1st quarter valued at $389,000. Finally, Cibc World Market Inc. increased its stake in FactSet Research Systems by 4.2% in the 1st quarter. Cibc World Market Inc. now owns 897 shares of the business services provider’s stock valued at $389,000 after buying an additional 36 shares during the last quarter. 90.38% of the stock is owned by institutional investors.

FactSet Research Systems Company Profile

(Get Rating)

FactSet Research Systems Inc, a financial data and analytics company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.

Read More

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

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.