FactSet Research Systems Inc. (FDS) Expected to Post Quarterly Sales of $349.54 Million

Equities research analysts expect that FactSet Research Systems Inc. (NYSE:FDS) will announce $349.54 million in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for FactSet Research Systems’ earnings, with the highest sales estimate coming in at $353.60 million and the lowest estimate coming in at $347.90 million. FactSet Research Systems reported sales of $329.14 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.2%. The business is expected to report its next quarterly earnings results on Tuesday, December 18th.

On average, analysts expect that FactSet Research Systems will report full year sales of $1.44 billion for the current financial year, with estimates ranging from $1.43 billion to $1.45 billion. For the next financial year, analysts forecast that the company will post sales of $1.52 billion, with estimates ranging from $1.50 billion to $1.55 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover FactSet Research Systems.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Tuesday, September 25th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.01). FactSet Research Systems had a return on equity of 58.62% and a net margin of 19.78%. The company had revenue of $345.90 million during the quarter, compared to analysts’ expectations of $346.39 million. During the same period in the prior year, the firm earned $1.90 EPS. FactSet Research Systems’s revenue for the quarter was up 5.9% compared to the same quarter last year.

A number of equities analysts have weighed in on the company. Morgan Stanley set a $204.00 target price on FactSet Research Systems and gave the stock a “hold” rating in a research report on Monday. Zacks Investment Research lowered FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Bank of America boosted their target price on FactSet Research Systems from $214.00 to $245.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 26th. Cantor Fitzgerald boosted their target price on FactSet Research Systems from $203.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 26th. Finally, Barclays boosted their target price on FactSet Research Systems from $185.00 to $210.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $211.83.

In other news, EVP Robert J. Robie sold 1,174 shares of the company’s stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $224.78, for a total transaction of $263,891.72. Following the completion of the sale, the executive vice president now owns 2,862 shares of the company’s stock, valued at approximately $643,320.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew J. Mcnulty sold 1,684 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $225.00, for a total transaction of $378,900.00. Following the sale, the senior vice president now directly owns 3,727 shares of the company’s stock, valued at approximately $838,575. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDS. BTIM Corp. purchased a new stake in shares of FactSet Research Systems during the 2nd quarter valued at about $15,260,000. BlackRock Inc. increased its position in shares of FactSet Research Systems by 1.9% during the 2nd quarter. BlackRock Inc. now owns 3,389,051 shares of the business services provider’s stock valued at $671,373,000 after purchasing an additional 62,132 shares during the last quarter. Millennium Management LLC increased its position in shares of FactSet Research Systems by 2,670.0% during the 2nd quarter. Millennium Management LLC now owns 61,162 shares of the business services provider’s stock valued at $12,116,000 after purchasing an additional 58,954 shares during the last quarter. Schroder Investment Management Group increased its position in shares of FactSet Research Systems by 32.8% during the 2nd quarter. Schroder Investment Management Group now owns 214,490 shares of the business services provider’s stock valued at $42,358,000 after purchasing an additional 52,955 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of FactSet Research Systems by 30.6% during the 2nd quarter. Renaissance Technologies LLC now owns 217,500 shares of the business services provider’s stock valued at $43,087,000 after purchasing an additional 51,000 shares during the last quarter. 91.50% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:FDS opened at $217.48 on Friday. FactSet Research Systems has a fifty-two week low of $177.79 and a fifty-two week high of $237.29. The company has a quick ratio of 2.17, a current ratio of 1.95 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98.

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.

Featured Article: Understanding Price to Earnings Ratio (PE)

Get a free copy of the Zacks research report on FactSet Research Systems (FDS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply