FactSet Research Systems (NYSE:FDS) Announces Quarterly Earnings Results

FactSet Research Systems (NYSE:FDS) announced its quarterly earnings data on Thursday. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12, RTT News reports. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same quarter in the prior year, the business earned $4.12 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. FactSet Research Systems updated its FY25 guidance to $16.80-$17.40 EPS.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $473.05 on Thursday. The company has a market cap of $17.97 billion, a PE ratio of 34.03, a PEG ratio of 3.15 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems has a 1 year low of $391.84 and a 1 year high of $499.87. The company’s 50-day moving average is $476.21 and its two-hundred day moving average is $441.91.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.88%. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Morgan Stanley increased their target price on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. BMO Capital Markets boosted their price target on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, November 15th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $451.85.

Insider Transactions at FactSet Research Systems

In other news, Director James J. Mcgonigle sold 5,410 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the transaction, the director now directly owns 5,283 shares in the company, valued at approximately $2,413,432.89. The trade was a 50.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the sale, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This trade represents a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,984 shares of company stock worth $10,981,107 in the last quarter. 1.10% of the stock is owned by company insiders.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data 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.