FY2024 Earnings Forecast for FactSet Research Systems Inc. Issued By Zacks Research (NYSE:FDS)

FactSet Research Systems Inc. (NYSE:FDSFree Report) – Equities researchers at Zacks Research lifted their FY2024 earnings per share estimates for shares of FactSet Research Systems in a note issued to investors on Friday, July 12th. Zacks Research analyst R. Department now anticipates that the business services provider will earn $16.19 per share for the year, up from their prior forecast 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.

FactSet Research Systems (NYSE:FDSGet Free Report) last issued its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.91 by $0.46. The firm had revenue of $552.70 million for the quarter, compared to analysts’ expectations of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.79 EPS.

Several other analysts have also recently commented on FDS. Wolfe Research assumed 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. Jefferies Financial Group reduced their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a report on Monday, June 24th. The Goldman Sachs Group upped 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, Barclays reissued an “equal weight” rating and issued a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $432.00.

View Our Latest Stock Report on FactSet Research Systems

FactSet Research Systems Stock Up 1.1 %

Shares of NYSE:FDS opened at $423.90 on Monday. The company has a market capitalization of $16.13 billion, a P/E ratio of 31.97, a P/E/G ratio of 2.53 and a beta of 0.75. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $421.22 and its 200-day simple moving average is $443.93. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $488.64.

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 $1.04 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $4.16 annualized dividend and a dividend yield of 0.98%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,166,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Robin Ann Abrams sold 2,375 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the sale, the director now directly owns 9,193 shares in the company, valued at $3,867,587.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $400.00, for a total value of $1,200,000.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,166,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,419 shares of company stock valued at $11,606,013. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

A number of hedge funds have recently bought and sold shares of the business. Curated Wealth Partners LLC raised its position in shares of FactSet Research Systems by 180.6% in the 2nd quarter. Curated Wealth Partners LLC now owns 751 shares of the business services provider’s stock valued at $307,000 after purchasing an additional 1,683 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake in shares of FactSet Research Systems by 5.0% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 1,824 shares of the business services provider’s stock worth $745,000 after buying an additional 87 shares during the last quarter. JGP Wealth Management LLC raised its holdings in FactSet Research Systems by 2.0% in the second quarter. JGP Wealth Management LLC now owns 20,334 shares of the business services provider’s stock valued at $8,302,000 after acquiring an additional 394 shares in the last quarter. SG Americas Securities LLC boosted its stake in FactSet Research Systems by 49.5% during the 2nd quarter. SG Americas Securities LLC now owns 8,857 shares of the business services provider’s stock valued at $3,616,000 after acquiring an additional 2,934 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in FactSet Research Systems by 6.0% during the 2nd quarter. QRG Capital Management Inc. now owns 1,058 shares of the business services provider’s stock worth $432,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

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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.

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

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