FactSet Research Systems Inc. (FDS) Expected to Post Quarterly Sales of $356.89 Million

Wall Street analysts predict that FactSet Research Systems Inc. (NYSE:FDS) will post $356.89 million in sales for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for FactSet Research Systems’ earnings, with estimates ranging from $352.65 million to $362.21 million. FactSet Research Systems posted sales of $335.23 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.5%. The business is scheduled to issue its next quarterly earnings results on Tuesday, March 26th.

On average, analysts expect that FactSet Research Systems will report full-year sales of $1.44 billion for the current year, with estimates ranging from $1.42 billion to $1.45 billion. For the next fiscal year, analysts expect that the business will report sales of $1.52 billion, with estimates ranging from $1.49 billion to $1.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover FactSet Research Systems.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, December 18th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. FactSet Research Systems had a return on equity of 62.54% and a net margin of 20.47%. The firm had revenue of $351.60 million for the quarter, compared to analyst estimates of $349.92 million. During the same period last year, the company earned $2.04 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis.

A number of equities analysts have recently commented on FDS shares. DA Davidson raised their price objective on FactSet Research Systems to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, December 19th. Wells Fargo & Co raised their price objective on FactSet Research Systems from $190.00 to $225.00 and gave the stock a “market perform” rating in a report on Wednesday, September 26th. Morgan Stanley cut their price objective on FactSet Research Systems from $207.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 8th. Barclays raised their price objective on FactSet Research Systems from $185.00 to $210.00 and gave the stock an “underweight” rating in a report on Wednesday, September 26th. Finally, Credit Suisse Group started coverage on FactSet Research Systems in a report on Friday, December 7th. They issued a “neutral” rating and a $238.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $219.36.

FactSet Research Systems stock opened at $214.45 on Monday. The stock has a market capitalization of $8.16 billion, a PE ratio of 25.14, a PEG ratio of 2.22 and a beta of 1.05. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.06. FactSet Research Systems has a 12 month low of $184.48 and a 12 month high of $237.95.

In related news, Director Robin Ann Abrams sold 2,239 shares of the firm’s stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $204.45, for a total transaction of $457,763.55. Following the sale, the director now directly owns 5,244 shares in the company, valued at approximately $1,072,135.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John W. Wiseman sold 9,669 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $205.75, for a total value of $1,989,396.75. Following the sale, the executive vice president now owns 2,050 shares in the company, valued at $421,787.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,568 shares of company stock worth $3,569,642. Company insiders own 2.30% of the company’s stock.

Several large investors have recently made changes to their positions in FDS. Wells Fargo & Company MN raised its holdings in shares of FactSet Research Systems by 5.1% during the 3rd quarter. Wells Fargo & Company MN now owns 2,077,969 shares of the business services provider’s stock valued at $464,863,000 after buying an additional 100,449 shares during the period. Renaissance Technologies LLC raised its holdings in shares of FactSet Research Systems by 44.3% during the 3rd quarter. Renaissance Technologies LLC now owns 313,750 shares of the business services provider’s stock valued at $70,189,000 after buying an additional 96,250 shares during the period. Millennium Management LLC raised its holdings in shares of FactSet Research Systems by 2,670.0% during the 2nd quarter. Millennium Management LLC now owns 61,162 shares of the business services provider’s stock valued at $12,116,000 after buying an additional 58,954 shares during the period. Schroder Investment Management Group raised its holdings in shares of FactSet Research Systems by 32.8% during the 2nd quarter. Schroder Investment Management Group now owns 214,490 shares of the business services provider’s stock valued at $42,358,000 after buying an additional 52,955 shares during the period. Finally, Loomis Sayles & Co. L P raised its holdings in shares of FactSet Research Systems by 1.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,086,895 shares of the business services provider’s stock valued at $690,570,000 after buying an additional 51,270 shares during the period. Institutional investors and hedge funds own 92.34% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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