FactSet Research Systems Inc. (NYSE:FDS) to Post FY2024 Earnings of $16.19 Per Share, Zacks Research Forecasts

FactSet Research Systems Inc. (NYSE:FDS) – Stock analysts at Zacks Research upped their FY2024 earnings per share estimates for FactSet Research Systems in a research note issued on Friday, July 12th. Zacks Research analyst R. Department now expects that the business services provider will post earnings of $16.19 per share for the year, up from their prior estimate of $15.98. The consensus estimate for FactSet Research Systems’ current full-year earnings is $16.32 per share. Zacks Research also issued estimates for FactSet Research Systems’ Q4 2024 earnings at $3.48 EPS, Q3 2025 earnings at $4.40 EPS and FY2025 earnings at $17.45 EPS.

Other equities analysts also recently issued reports about the company. Morgan Stanley lifted their price target on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research note on Monday, June 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a research note on Monday, June 24th. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets lifted their target price on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Finally, Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $432.00.

FactSet Research Systems Stock Up 3.2 %

NYSE:FDS opened at $442.22 on Monday. The company has a market capitalization of $16.82 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 2.53 and a beta of 0.75. FactSet Research Systems has a one year low of $391.84 and a one year high of $488.64. The stock has a 50-day simple moving average of $421.21 and a 200 day simple moving average of $443.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. The business had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $3.79 earnings per share.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, May 31st. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 annualized dividend and a dividend yield of 0.94%. FactSet Research Systems’s payout ratio is currently 31.37%.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the sale, the chief accounting officer now owns 72 shares of the company’s stock, valued at $30,204. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total value of $138,435.00. Following the transaction, the chief accounting officer now owns 72 shares of the company’s stock, valued at $30,204. The transaction 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 company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,166,000. The disclosure for this sale can be found here. Insiders have sold a total of 27,419 shares of company stock valued at $11,606,013 over the last quarter. Corporate insiders own 1.00% 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. Vanguard Group Inc. raised its stake in FactSet Research Systems by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock valued at $2,077,267,000 after purchasing an additional 11,974 shares during the period. Massachusetts Financial Services Co. MA raised its stake in FactSet Research Systems by 6.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock valued at $175,919,000 after purchasing an additional 20,787 shares during the period. Charles Schwab Investment Management Inc. raised its stake in FactSet Research Systems by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 355,333 shares of the business services provider’s stock valued at $169,512,000 after purchasing an additional 8,432 shares during the period. Boston Trust Walden Corp raised its stake in FactSet Research Systems by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 287,730 shares of the business services provider’s stock valued at $137,262,000 after purchasing an additional 9,016 shares during the period. Finally, PineStone Asset Management Inc. raised its stake in FactSet Research Systems by 53.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after purchasing an additional 94,952 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

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.