FactSet Research Systems (NYSE:FDS) Issues FY24 Earnings Guidance

FactSet Research Systems (NYSE:FDS) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $16.00-16.40 for the period, compared to the consensus estimate of $16.27. The company issued revenue guidance of $2.18-2.19 billion, compared to the consensus revenue estimate of $2.19 billion.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FDS shares. The Goldman Sachs Group upped their target price on FactSet Research Systems from $377.00 to $419.00 and gave the stock a sell rating in a research report on Friday, March 22nd. Oppenheimer reaffirmed a market perform rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Morgan Stanley lifted their price target on FactSet Research Systems from $350.00 to $355.00 and gave the company an underweight rating in a research report on Monday, June 24th. Royal Bank of Canada reissued a sector perform rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Monday, June 24th. Finally, Bank of America lowered FactSet Research Systems from a neutral rating to an underperform rating and reduced their target price for the company from $500.00 to $407.00 in a report on Thursday, May 30th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, FactSet Research Systems has a consensus rating of Hold and an average price target of $432.00.

FactSet Research Systems Price Performance

FDS opened at $416.76 on Thursday. The stock has a market capitalization of $15.89 billion, a P/E ratio of 31.43, a PEG ratio of 2.48 and a beta of 0.75. The stock has a 50-day moving average price of $421.70 and a 200-day moving average price of $446.32. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. FactSet Research Systems has a 12-month low of $385.27 and a 12-month high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The firm had revenue of $552.70 million during the quarter, compared to analyst estimates of $552.71 million. During the same period in the previous year, the business posted $3.79 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts predict that FactSet Research Systems will post 16.33 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a dividend of $1.04 per share. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, May 31st. FactSet Research Systems’s dividend payout ratio (DPR) is 31.37%.

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,281,976.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other FactSet Research Systems news, EVP Goran Skoko sold 6,215 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the completion of the transaction, the executive vice president now owns 5,262 shares of the company’s stock, valued at approximately $2,296,336.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $408.98, for a total value of $1,226,940.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,281,976.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,419 shares of company stock valued at $11,606,013. Insiders own 1.00% of the company’s stock.

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.