Oppenheimer Weighs in on FactSet Research Systems Inc.’s Q2 2020 Earnings (FDS)

FactSet Research Systems Inc. (NYSE:FDS) – Stock analysts at Oppenheimer dropped their Q2 2020 earnings estimates for shares of FactSet Research Systems in a research report issued on Tuesday, March 26th, according to Zacks Investment Research. Oppenheimer analyst G. Greene now anticipates that the business services provider will earn $2.65 per share for the quarter, down from their previous forecast of $2.66. Oppenheimer also issued estimates for FactSet Research Systems’ Q4 2020 earnings at $2.81 EPS.

FDS has been the subject of a number of other reports. Morgan Stanley reduced their price objective on shares of FactSet Research Systems from $207.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday, January 8th. Zacks Investment Research upgraded shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 21st. DA Davidson lifted their price objective on shares of FactSet Research Systems to $214.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Cantor Fitzgerald reiterated a “hold” rating and set a $209.00 price objective on shares of FactSet Research Systems in a report on Sunday, January 13th. Finally, Piper Jaffray Companies lifted their price objective on shares of FactSet Research Systems from $211.00 to $262.00 and gave the company a “neutral” rating in a 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 stock. FactSet Research Systems presently has an average rating of “Hold” and an average price target of $236.18.

Shares of NYSE FDS traded up $3.74 during mid-day trading on Friday, reaching $262.12. 262,116 shares of the company’s stock traded hands, compared to its average volume of 283,217. The stock has a market capitalization of $10.02 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.65 and a beta of 1.11. FactSet Research Systems has a 1-year low of $184.48 and a 1-year high of $265.77. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.45 and a quick ratio of 2.45.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data 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 firm had revenue of $354.90 million during the quarter, compared to analysts’ expectations of $356.46 million. FactSet Research Systems had a net margin of 22.45% and a return on equity of 64.58%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $2.12 earnings per share.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDS. Lindbrook Capital LLC bought a new stake in FactSet Research Systems in the fourth quarter worth about $27,000. CWM LLC raised its position in FactSet Research Systems by 88.4% in the fourth quarter. CWM LLC now owns 162 shares of the business services provider’s stock worth $32,000 after acquiring an additional 76 shares during the period. Global Retirement Partners LLC raised its position in FactSet Research Systems by 114.0% in the fourth quarter. Global Retirement Partners LLC now owns 199 shares of the business services provider’s stock worth $40,000 after acquiring an additional 106 shares during the period. Quantamental Technologies LLC bought a new stake in FactSet Research Systems in the fourth quarter worth about $45,000. Finally, Riverview Trust Co bought a new stake in FactSet Research Systems in the fourth quarter worth about $47,000. 92.16% of the stock is currently owned by institutional investors.

In related news, EVP Robert J. Robie sold 10,459 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $241.34, for a total transaction of $2,524,175.06. Following the transaction, the executive vice president now directly owns 4,331 shares of the company’s stock, valued at $1,045,243.54. The transaction 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 1,183 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $249.24, for a total transaction of $294,850.92. Following the transaction, the chief executive officer now directly owns 4,871 shares in the company, valued at $1,214,048.04. The disclosure for this sale can be found here. Insiders have sold 14,006 shares of company stock worth $3,357,131 over the last three months. 2.30% of the stock is owned by 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.

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

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