FactSet Research Systems Inc. (NYSE:FDS) – Equities research analysts at Northcoast Research boosted their Q2 2018 earnings per share (EPS) estimates for FactSet Research Systems in a research note issued to investors on Thursday. Northcoast Research analyst K. Housum now anticipates that the business services provider will earn $2.02 per share for the quarter, up from their previous forecast of $1.95. Northcoast Research currently has a “Buy” rating and a $195.00 target price on the stock. Northcoast Research also issued estimates for FactSet Research Systems’ Q3 2018 earnings at $2.08 EPS and Q4 2018 earnings at $2.16 EPS.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, June 27th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The company had revenue of $312.12 million for the quarter, compared to analysts’ expectations of $314.14 million. During the same period in the prior year, the firm earned $1.64 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year.
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Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $187.00 target price for the company in a research report on Friday. UBS AG reiterated a “buy” rating and set a $146.00 target price (down previously from $150.00) on shares of FactSet Research Systems in a research report on Friday, June 9th. BidaskClub upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $163.00 target price on shares of FactSet Research Systems in a research report on Tuesday, July 25th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. FactSet Research Systems presently has a consensus rating of “Hold” and an average price target of $164.80.
FactSet Research Systems (FDS) opened at 168.61 on Monday. The firm has a market capitalization of $6.61 billion, a PE ratio of 19.66 and a beta of 0.97. FactSet Research Systems has a 1-year low of $150.95 and a 1-year high of $183.64. The firm’s 50-day moving average price is $160.34 and its 200-day moving average price is $164.48.
Hedge funds and other institutional investors have recently modified their holdings of the company. ETF Managers Group LLC bought a new position in shares of FactSet Research Systems in the 2nd quarter valued at about $121,000. Mountain Capital Investment Advisors Inc bought a new position in shares of FactSet Research Systems in the 2nd quarter valued at about $126,000. SRS Capital Advisors Inc. boosted its stake in shares of FactSet Research Systems by 17.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 891 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 132 shares during the last quarter. Harfst & Associates Inc. bought a new position in shares of FactSet Research Systems in the 1st quarter valued at about $199,000. Finally, Suntrust Banks Inc. boosted its stake in shares of FactSet Research Systems by 4.0% in the 1st quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 50 shares during the last quarter. 93.72% of the stock is currently owned by institutional investors.
In other FactSet Research Systems news, Director Philip A. Hadley sold 100,017 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $168.99, for a total value of $16,901,872.83. Following the completion of the sale, the director now owns 761,436 shares in the company, valued at approximately $128,675,069.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Philip A. Hadley sold 38,942 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $163.83, for a total transaction of $6,379,867.86. Following the completion of the sale, the chairman now owns 666,494 shares of the company’s stock, valued at approximately $109,191,712.02. The disclosure for this sale can be found here. Insiders sold a total of 188,784 shares of company stock valued at $31,456,615 in the last 90 days. Corporate insiders own 2.70% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.33%. The ex-dividend date was Tuesday, August 29th. FactSet Research Systems’s payout ratio is presently 26.20%.
About FactSet Research Systems
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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