FactSet Research Systems (NYSE:FDS) Releases Earnings Results, Beats Expectations By $0.12 EPS

FactSet Research Systems (NYSE:FDS - Get Free Report) announced its earnings results on Thursday. The business services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.25 by $0.12, RTT News reports. The business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. FactSet Research Systems's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.12 earnings per share. FactSet Research Systems updated its FY25 guidance to $16.80-$17.40 EPS.

FactSet Research Systems Stock Up 3.5 %

FDS stock traded up $16.68 during mid-day trading on Thursday, reaching $489.73. 666,052 shares of the company traded hands, compared to its average volume of 264,037. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 3.15 and a beta of 0.76. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The firm's 50 day moving average price is $476.92 and its 200 day moving average price is $442.24. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a $1.04 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.85%. FactSet Research Systems's payout ratio is 29.93%.

Insider Activity

In related news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. This trade represents a 37.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Costigan sold 1,622 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares of the company's stock, valued at $143,819. This trade represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,984 shares of company stock worth $10,981,107 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on FDS. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, November 15th. Evercore ISI initiated coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an "inline" rating and a $470.00 price target on the stock. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a "market perform" rating in a research note on Friday, November 15th. Finally, Redburn Atlantic downgraded shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and dropped their target price for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $451.85.

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.