Q3 2019 EPS Estimates for FactSet Research Systems Inc. Raised by William Blair (FDS)

FactSet Research Systems Inc. (NYSE:FDS) – Research analysts at William Blair lifted their Q3 2019 earnings per share (EPS) estimates for FactSet Research Systems in a report issued on Tuesday, March 26th, according to Zacks Investment Research. William Blair analyst T. Mchugh now anticipates that the business services provider will post earnings per share of $2.38 for the quarter, up from their previous forecast of $2.37. William Blair also issued estimates for FactSet Research Systems’ Q3 2020 earnings at $2.65 EPS and Q4 2020 earnings at $2.73 EPS.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. The business had revenue of $354.90 million during the quarter, compared to analyst estimates of $356.46 million. FactSet Research Systems had a return on equity of 64.58% and a net margin of 22.45%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.12 earnings per share.

Other equities research analysts have also issued reports about the company. Morgan Stanley upped their price target on FactSet Research Systems from $211.00 to $220.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 27th. Cantor Fitzgerald upped their price target on FactSet Research Systems from $209.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Piper Jaffray Companies upped their price target on FactSet Research Systems from $211.00 to $262.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Deutsche Bank upped their price target on FactSet Research Systems from $217.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, March 27th. Finally, DA Davidson upped their price target on FactSet Research Systems to $214.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. FactSet Research Systems presently has a consensus rating of “Hold” and an average price target of $236.18.

Shares of FDS stock traded up $3.74 during trading hours on Friday, reaching $262.12. The company had a trading volume of 262,116 shares, compared to its average volume of 283,217. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market capitalization of $10.02 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.65 and a beta of 1.11. FactSet Research Systems has a 12-month low of $184.48 and a 12-month high of $265.77.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of FactSet Research Systems in the fourth quarter valued at $49,705,000. Ronna Sue Cohen acquired a new stake in shares of FactSet Research Systems in the first quarter valued at $244,000. Renaissance Technologies LLC raised its stake in shares of FactSet Research Systems by 44.3% in the third quarter. Renaissance Technologies LLC now owns 313,750 shares of the business services provider’s stock valued at $70,189,000 after acquiring an additional 96,250 shares in the last quarter. Prana Capital Management LP acquired a new stake in shares of FactSet Research Systems in the fourth quarter valued at $11,377,000. Finally, Loomis Sayles & Co. L P raised its stake in shares of FactSet Research Systems by 1.7% in the third quarter. Loomis Sayles & Co. L P now owns 3,086,895 shares of the business services provider’s stock valued at $690,570,000 after acquiring an additional 51,270 shares in the last quarter. Institutional investors and hedge funds own 92.16% of the company’s stock.

In other news, EVP Robert J. Robie sold 10,459 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $241.34, for a total transaction of $2,524,175.06. Following the completion of the transaction, the executive vice president now directly owns 4,331 shares in the company, valued at $1,045,243.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Frederick Philip Snow sold 1,182 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $236.63, for a total value of $279,696.66. Following the transaction, the chief executive officer now owns 4,870 shares of the company’s stock, valued at $1,152,388.10. The disclosure for this sale can be found here. Insiders sold 14,006 shares of company stock valued at $3,357,131 over the last quarter. 2.30% of the stock is currently owned by company insiders.

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. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

Further Reading: Compound Interest and Why It Matters When Investing

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.