FactSet Research Systems (NYSE:FDS) Releases Quarterly Earnings Results, Beats Expectations By $0.46 EPS

FactSet Research Systems (NYSE:FDS) posted its quarterly earnings data on Friday. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.91 by $0.46, Briefing.com reports. 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 net margin of 22.72% and a return on equity of 34.36%. FactSet Research Systems’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.79 EPS. FactSet Research Systems updated its FY 2024 guidance to 16.000-16.400 EPS and its FY24 guidance to $16.00-16.40 EPS.

FactSet Research Systems Stock Performance

FDS opened at $423.73 on Monday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average of $423.68 and a 200-day moving average of $448.28. FactSet Research Systems has a 12-month low of $385.27 and a 12-month high of $488.64. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 2.65 and a beta of 0.74.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost 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 presently 32.94%.

Insider Buying and Selling at FactSet Research Systems

In other news, EVP Robert J. Robie sold 4,336 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $431.48, for a total value of $1,870,897.28. Following the transaction, the executive vice president now owns 1,485 shares of the company’s stock, valued at $640,747.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Robert J. Robie sold 4,336 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the transaction, the executive vice president now directly owns 1,485 shares of the company’s stock, valued at $640,747.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The disclosure for this sale can be found here. Insiders have sold a total of 23,987 shares of company stock worth $10,283,347 over the last ninety days. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FDS. BMO Capital Markets upped their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Jefferies Financial Group dropped their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. Stifel Nicolaus reiterated a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Wolfe Research initiated coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price for the company. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $431.50.

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.