FactSet Research Systems (NYSE:FDS) Releases Quarterly Earnings Results, Beats Estimates By $0.46 EPS

FactSet Research Systems (NYSE:FDS) released its quarterly earnings results on Friday. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.91 by $0.46, Briefing.com reports. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The firm had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. During the same quarter in the prior year, the firm earned $3.79 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. FactSet Research Systems updated its FY 2024 guidance to 16.000-16.400 EPS and its FY24 guidance to $16.00-16.40 EPS.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $423.73 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $16.15 billion, a P/E ratio of 33.55, a PEG ratio of 2.65 and a beta of 0.74. The company has a 50 day moving average price of $423.68 and a 200 day moving average price of $448.28. FactSet Research Systems has a fifty-two week low of $385.27 and a fifty-two week high of $488.64.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were given a dividend of $1.04 per share. The ex-dividend date was Friday, May 31st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio (DPR) is presently 32.94%.

Analysts Set New Price Targets

Several research analysts recently weighed in on FDS shares. Morgan Stanley reduced their price target on shares of FactSet Research Systems from $372.00 to $350.00 and set an “underweight” rating for the company in a research report on Monday, June 3rd. Barclays reaffirmed an “equal weight” rating and set a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research assumed coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective for the company. BMO Capital Markets upped their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus target price of $431.50.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,166,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,166,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Goran Skoko sold 6,215 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the completion of the sale, the executive vice president now owns 5,262 shares in the company, valued at $2,296,336.80. The disclosure for this sale can be found here. Insiders have sold a total of 23,987 shares of company stock worth $10,283,347 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.