FactSet Research Systems (NYSE:FDS) Releases FY24 Earnings Guidance

FactSet Research Systems (NYSE:FDS) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $16.00-16.40 for the period, compared to the consensus estimate of $16.27. The company issued revenue guidance of $2.18-2.19 billion, compared to the consensus revenue estimate of $2.19 billion.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FDS shares. Stifel Nicolaus reissued a hold rating and issued a $469.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Bank of America lowered shares of FactSet Research Systems from a neutral rating to an underperform rating and dropped their price objective for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Barclays reissued an equal weight rating and issued a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets raised their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a market perform rating in a report on Monday, March 25th. Finally, The Goldman Sachs Group increased their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a sell rating in a research note on Friday, March 22nd. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems has an average rating of Hold and a consensus price target of $432.00.

FactSet Research Systems Stock Up 1.2 %

FDS stock opened at $416.01 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. FactSet Research Systems has a fifty-two week low of $385.27 and a fifty-two week high of $488.64. The firm’s 50-day simple moving average is $421.82 and its 200 day simple moving average is $446.53. The stock has a market cap of $15.86 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 2.43 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.91 by $0.46. The firm had revenue of $552.70 million for the quarter, compared to analysts’ expectations of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. FactSet Research Systems’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $3.79 EPS. As a group, sell-side analysts predict that FactSet Research Systems will post 16.33 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a $1.04 dividend. The ex-dividend date was Friday, May 31st. This represents a $4.16 annualized dividend and a dividend yield of 1.00%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s payout ratio is currently 31.37%.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the transaction, the chief accounting officer now directly owns 72 shares in the company, valued at $30,204. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,363,082.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Gregory T. Moskoff sold 330 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the sale, the chief accounting officer now owns 72 shares of the company’s stock, valued at $30,204. The disclosure for this sale can be found here. Insiders have sold 27,419 shares of company stock valued at $11,606,013 in the last quarter. Insiders own 1.00% of the company’s stock.

FactSet Research Systems Company Profile

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.