Equities Analysts Set Expectations for FactSet Research Systems Inc.’s Q3 2019 Earnings (NYSE:FDS)

FactSet Research Systems Inc. (NYSE:FDS) – Oppenheimer reduced their Q3 2019 earnings per share (EPS) estimates for shares of FactSet Research Systems in a note issued to investors on Tuesday, March 26th, Zacks Investment Research reports. Oppenheimer analyst G. Greene now anticipates that the business services provider will post earnings of $2.38 per share for the quarter, down from their previous forecast of $2.42. Oppenheimer also issued estimates for FactSet Research Systems’ Q4 2019 earnings at $2.49 EPS, FY2019 earnings at $9.64 EPS, Q1 2020 earnings at $2.60 EPS and FY2020 earnings at $10.78 EPS.

A number of other equities analysts have also commented on FDS. Morgan Stanley cut their price target on shares of FactSet Research Systems from $207.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 8th. Cantor Fitzgerald reiterated a “hold” rating and set a $209.00 price target on shares of FactSet Research Systems in a report on Sunday, January 13th. Zacks Investment Research upgraded shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 21st. Piper Jaffray Companies boosted their target price 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. Finally, Deutsche Bank boosted their target price on shares of FactSet Research Systems from $217.00 to $245.00 and gave the company a “hold” rating in a report on Wednesday, March 27th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $236.18.

Shares of NYSE:FDS traded up $3.74 during mid-day trading on Thursday, reaching $262.12. 262,116 shares of the company’s stock were exchanged, compared to its average volume of 283,217. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.45 and a current ratio of 2.45. FactSet Research Systems has a twelve month low of $184.48 and a twelve month high of $265.77.

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

A number of institutional investors and hedge funds have recently bought and sold shares of FDS. BlackRock Inc. increased its position in shares of FactSet Research Systems by 1.0% during the fourth quarter. BlackRock Inc. now owns 3,387,651 shares of the business services provider’s stock worth $677,971,000 after acquiring an additional 33,022 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of FactSet Research Systems by 1.7% during the third quarter. Loomis Sayles & Co. L P now owns 3,086,895 shares of the business services provider’s stock worth $690,570,000 after acquiring an additional 51,270 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of FactSet Research Systems by 3.5% during the third quarter. Disciplined Growth Investors Inc. MN now owns 623,605 shares of the business services provider’s stock worth $139,507,000 after acquiring an additional 20,938 shares in the last quarter. Geode Capital Management LLC increased its position in shares of FactSet Research Systems by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 421,037 shares of the business services provider’s stock worth $84,261,000 after acquiring an additional 16,651 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of FactSet Research Systems by 44.3% during the third quarter. Renaissance Technologies LLC now owns 313,750 shares of the business services provider’s stock worth $70,189,000 after acquiring an additional 96,250 shares in the last quarter. 92.16% of the stock is owned by hedge funds and other institutional investors.

In other FactSet Research Systems news, EVP Robert J. Robie sold 10,459 shares of FactSet Research Systems stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $241.34, for a total value of $2,524,175.06. Following the completion of the sale, 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 SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 1,183 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $249.24, for a total transaction of $294,850.92. Following the completion of the sale, the chief executive officer now directly owns 4,871 shares of the company’s stock, valued at $1,214,048.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,006 shares of company stock worth $3,357,131. 2.30% of the stock is owned by company insiders.

FactSet Research Systems Company Profile

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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