FactSet Research Systems (NYSE:FDS) Updates FY 2024 Earnings Guidance

FactSet Research Systems (NYSE:FDS) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 16.000-16.400 for the period, compared to the consensus earnings per share estimate of 15.980. The company issued revenue guidance of $2.2 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 billion. FactSet Research Systems also updated its FY24 guidance to $16.00-16.40 EPS.

Analyst Ratings Changes

A number of research firms recently weighed in on FDS. Oppenheimer reiterated a market perform rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Bank of America lowered shares of FactSet Research Systems from a neutral rating to an underperform rating and reduced their price objective for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Wolfe Research began coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They issued an underperform rating and a $430.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a sell rating in a research note on Friday, March 22nd. Finally, Royal Bank of Canada reiterated a sector perform rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $431.50.

FactSet Research Systems Stock Performance

NYSE FDS opened at $423.73 on Friday. FactSet Research Systems has a 52-week low of $385.27 and a 52-week high of $488.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $16.15 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.65 and a beta of 0.74. The company has a fifty day moving average of $423.68 and a 200-day moving average of $448.24.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating the consensus estimate of $3.83 by $0.39. The firm had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. As a group, equities research analysts predict that FactSet Research Systems will post 15.95 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.98%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Friday, May 31st. FactSet Research Systems’s dividend payout ratio is 32.94%.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the transaction, the chief accounting officer now directly owns 72 shares of the company’s stock, valued at $30,204. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total transaction of $138,435.00. Following the transaction, the chief accounting officer now owns 72 shares in the company, valued at $30,204. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,838,871.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,987 shares of company stock valued at $10,283,347. Insiders own 1.00% of the company’s stock.

FactSet Research Systems Company Profile

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.