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

FactSet Research Systems (NYSE:FDS - Get Free Report) posted 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 return on equity of 34.36% and a net margin of 22.72%. The firm had revenue of $552.70 million during the quarter, compared to analysts' expectations of $552.71 million. During the same quarter in the previous year, the business earned $3.79 earnings per share. The company's revenue 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 Price Performance

Shares of NYSE FDS traded up $0.71 during mid-day trading on Monday, reaching $424.44. The company's stock had a trading volume of 632,242 shares, compared to its average volume of 257,529. The firm has a market capitalization of $16.18 billion, a PE ratio of 33.61, a P/E/G ratio of 2.65 and a beta of 0.74. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a fifty day moving average of $423.68 and a two-hundred day moving average of $448.16. FactSet Research Systems has a 52 week low of $385.27 and a 52 week high of $488.64.

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. This is a positive change from FactSet Research Systems's previous quarterly dividend of $0.98. 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%. FactSet Research Systems's dividend payout ratio is 32.94%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FDS shares. Stifel Nicolaus reiterated a "hold" rating and set a $469.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Jefferies Financial Group reduced their price objective on FactSet Research Systems from $455.00 to $378.00 and set a "hold" rating for the company in a research report on Wednesday, June 5th. Wolfe Research started coverage on FactSet Research Systems in a research report on Thursday, April 11th. They set an "underperform" rating and a $430.00 price objective for the company. Morgan Stanley upped their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the company an "underweight" rating in a research report on Monday. Finally, BMO Capital Markets upped their price target on FactSet Research Systems from $447.00 to $458.00 and gave the stock a "market perform" rating in a research report on Monday, March 25th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $432.00.

Insider Transactions at FactSet Research Systems

In other news, EVP Robert J. Robie sold 4,336 shares of the company's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $431.48, for a total value of $1,870,897.28. Following the completion of the transaction, the executive vice president now owns 1,485 shares of the company's stock, valued at $640,747.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Robert J. Robie sold 4,336 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the completion of the transaction, the executive vice president now directly owns 1,485 shares of the company's stock, valued at $640,747.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Goran Skoko sold 6,215 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $436.40, for a total value of $2,712,226.00. Following the transaction, the executive vice president now directly owns 5,262 shares of the company's stock, valued at $2,296,336.80. The disclosure for this sale can be found here. Insiders sold a total of 25,044 shares of company stock valued at $10,736,187 over the last 90 days. Company insiders own 1.00% of the company's stock.

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.