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 $15.60-$16.00 for the period, compared to the consensus estimate of $16.04. The company issued revenue guidance of $2.20-2.10 billion, compared to the consensus revenue estimate of $2.20 billion.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FDS. Royal Bank of Canada reissued a sector perform rating and issued a $464.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group increased their target price on FactSet Research Systems from $377.00 to $419.00 and gave the stock a sell rating in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a $480.00 target price (up from $471.00) on shares of FactSet Research Systems in a report on Friday, December 8th. Stifel Nicolaus reaffirmed a hold rating and set a $469.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Oppenheimer reaffirmed a market perform rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems currently has an average rating of Hold and an average target price of $444.11.

FactSet Research Systems Stock Down 0.0 %

NYSE FDS opened at $433.21 on Friday. The stock has a fifty day moving average of $464.05 and a 200-day moving average of $455.95. The stock has a market capitalization of $16.51 billion, a P/E ratio of 34.30, a price-to-earnings-growth ratio of 2.67 and a beta of 0.72. FactSet Research Systems has a 52 week low of $380.96 and a 52 week high of $488.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.68 and a current ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating the consensus estimate of $3.83 by $0.39. The company had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. On average, equities research analysts forecast that FactSet Research Systems will post 15.81 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were paid a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 annualized dividend and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.04%.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,838,871.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ascent Group LLC boosted its position in shares of FactSet Research Systems by 5.7% in the 3rd quarter. Ascent Group LLC now owns 538 shares of the business services provider’s stock worth $229,000 after purchasing an additional 29 shares during the last quarter. Colony Group LLC boosted its position in shares of FactSet Research Systems by 4.3% in the 1st quarter. Colony Group LLC now owns 848 shares of the business services provider’s stock worth $352,000 after purchasing an additional 35 shares during the last quarter. Cibc World Market Inc. boosted its position in shares of FactSet Research Systems by 4.2% in the 1st quarter. Cibc World Market Inc. now owns 897 shares of the business services provider’s stock worth $389,000 after purchasing an additional 36 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in FactSet Research Systems by 1.8% during the first quarter. Mercer Global Advisors Inc. ADV now owns 2,035 shares of the business services provider’s stock worth $845,000 after acquiring an additional 36 shares in the last quarter. Finally, Clear Street Markets LLC lifted its holdings in FactSet Research Systems by 94.9% during the first quarter. Clear Street Markets LLC now owns 76 shares of the business services provider’s stock worth $32,000 after acquiring an additional 37 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

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.