Oppenheimer Analysts Lower Earnings Estimates for FactSet Research Systems Inc. (FDS)

FactSet Research Systems Inc. (NYSE:FDS) – Stock analysts at Oppenheimer cut their FY2018 earnings estimates for FactSet Research Systems in a research note issued to investors on Tuesday, September 25th. Oppenheimer analyst G. Greene now anticipates that the business services provider will post earnings of $8.53 per share for the year, down from their prior estimate of $8.55. Oppenheimer also issued estimates for FactSet Research Systems’ Q4 2018 earnings at $2.20 EPS, Q2 2019 earnings at $2.37 EPS, Q4 2019 earnings at $2.51 EPS, Q1 2020 earnings at $2.57 EPS, Q2 2020 earnings at $2.65 EPS, Q3 2020 earnings at $2.72 EPS, Q4 2020 earnings at $2.81 EPS and FY2020 earnings at $10.75 EPS.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $226.00 price objective for the company in a research note on Wednesday, July 18th. ValuEngine raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $192.00 to $194.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 27th. Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $184.00 to $188.00 and gave the stock a “hold” rating in a research note on Wednesday, June 27th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $203.00 price objective on shares of FactSet Research Systems in a research note on Tuesday, June 26th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. FactSet Research Systems currently has a consensus rating of “Hold” and an average target price of $212.33.

Shares of NYSE:FDS opened at $225.62 on Thursday. The company has a market capitalization of $8.72 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 2.24 and a beta of 0.99. FactSet Research Systems has a 52 week low of $175.69 and a 52 week high of $237.29. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.07.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, September 25th. The business services provider reported $2.20 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.01). The business had revenue of $345.90 million during the quarter, compared to the consensus estimate of $346.39 million. FactSet Research Systems had a return on equity of 57.06% and a net margin of 19.78%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $1.90 EPS.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of FactSet Research Systems by 1.9% during the second quarter. BlackRock Inc. now owns 3,389,051 shares of the business services provider’s stock worth $671,373,000 after purchasing an additional 62,132 shares in the last quarter. Atlanta Capital Management Co. L L C increased its position in shares of FactSet Research Systems by 8.5% during the first quarter. Atlanta Capital Management Co. L L C now owns 1,235,701 shares of the business services provider’s stock worth $246,423,000 after purchasing an additional 97,306 shares in the last quarter. Northern Trust Corp increased its position in shares of FactSet Research Systems by 0.7% during the second quarter. Northern Trust Corp now owns 425,823 shares of the business services provider’s stock worth $84,357,000 after purchasing an additional 2,771 shares in the last quarter. Fiera Capital Corp increased its position in shares of FactSet Research Systems by 2.9% during the second quarter. Fiera Capital Corp now owns 359,487 shares of the business services provider’s stock worth $71,214,000 after purchasing an additional 10,009 shares in the last quarter. Finally, American Capital Management Inc. increased its position in shares of FactSet Research Systems by 0.3% during the second quarter. American Capital Management Inc. now owns 275,279 shares of the business services provider’s stock worth $54,533,000 after purchasing an additional 917 shares in the last quarter. 91.50% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Maurizio Nicolelli sold 10,487 shares of the company’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $203.89, for a total transaction of $2,138,194.43. Following the transaction, the chief financial officer now directly owns 11,352 shares of the company’s stock, valued at $2,314,559.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Philip A. Hadley sold 70,000 shares of the company’s stock in a transaction on Friday, July 13th. The stock was sold at an average price of $203.63, for a total value of $14,254,100.00. Following the transaction, the director now directly owns 651,191 shares in the company, valued at $132,602,023.33. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Friday, August 31st were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, August 30th. FactSet Research Systems’s payout ratio is presently 30.01%.

About FactSet Research Systems

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

Further Reading: Stock Symbols and CUSIP Explained

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

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