FactSet Research Systems (NYSE:FDS - Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. 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.
FactSet Research Systems Stock Performance
Shares of FDS traded down $3.41 during mid-day trading on Wednesday, reaching $436.19. The company had a trading volume of 391,360 shares, compared to its average volume of 236,276. The stock has a 50 day moving average of $465.56 and a two-hundred day moving average of $456.08. The company has a quick ratio of 1.68, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $16.61 billion, a P/E ratio of 34.54, a PEG ratio of 2.73 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.
FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping the consensus estimate of $3.83 by $0.39. The business had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. On average, analysts expect that FactSet Research Systems will post 15.78 earnings per share for the current year.
FactSet Research Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were given a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.04%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. BMO Capital Markets lifted their price target on FactSet Research Systems from $447.00 to $458.00 and gave the company a market perform rating in a research note on Monday, March 25th. Stifel Nicolaus reaffirmed a hold rating and set a $469.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. Oppenheimer reissued a market perform rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Royal Bank of Canada restated a sector perform rating and set a $464.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a $480.00 target price (up previously from $471.00) on shares of FactSet Research Systems in a research report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat.com, FactSet Research Systems has an average rating of Hold and an average price target of $444.11.
Read Our Latest Analysis on FactSet Research Systems
Insider Activity at FactSet Research Systems
In other news, CEO Frederick Philip Snow sold 3,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,838,871.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.
Institutional Trading of FactSet Research Systems
Several hedge funds have recently made changes to their positions in the company. First Capital Advisors Group LLC. purchased a new position in shares of FactSet Research Systems during the 2nd quarter worth $30,000. Eagle Bay Advisors LLC acquired a new position in shares of FactSet Research Systems in the 2nd quarter worth approximately $32,000. Tyler Stone Wealth Management purchased a new position in shares of FactSet Research Systems during the 2nd quarter worth approximately $32,000. Clear Street Markets LLC increased its holdings in FactSet Research Systems by 94.9% in the 1st quarter. Clear Street Markets LLC now owns 76 shares of the business services provider's stock valued at $32,000 after purchasing an additional 37 shares during the last quarter. Finally, Compass Wealth Management LLC purchased a new stake in FactSet Research Systems in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 91.24% of the company's stock.
About FactSet Research Systems
(
Get Free Report)
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.
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