FactSet Research Systems (NYSE:FDS) Issues FY 2022 Earnings Guidance

FactSet Research Systems (NYSE:FDSGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $12.750-$13.150 for the period, compared to the Thomson Reuters consensus EPS estimate of $13.030. The company issued revenue guidance of $1.80 billion-$1.83 billion, compared to the consensus revenue estimate of $1.82 billion.

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of FactSet Research Systems from $453.00 to $468.00 and gave the stock a hold rating in a report on Wednesday, April 6th. UBS Group increased their target price on FactSet Research Systems from $432.00 to $454.00 and gave the company a neutral rating in a research note on Monday, March 28th. The Goldman Sachs Group upped their price target on FactSet Research Systems from $308.00 to $351.00 and gave the company a sell rating in a report on Wednesday, December 22nd. Stifel Nicolaus reaffirmed a buy rating and set a $432.00 price target on shares of FactSet Research Systems in a report on Friday, March 25th. Finally, Barclays upped their target price on shares of FactSet Research Systems from $450.00 to $550.00 and gave the stock an overweight rating in a research report on Wednesday, December 22nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $444.20.

NYSE:FDS opened at $427.37 on Thursday. The stock has a market capitalization of $16.20 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 3.27 and a beta of 0.82. FactSet Research Systems has a 12 month low of $308.67 and a 12 month high of $495.39. The firm has a fifty day simple moving average of $419.47 and a two-hundred day simple moving average of $434.26. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.47.

FactSet Research Systems (NYSE:FDSGet Rating) last announced its quarterly earnings data on Thursday, March 24th. The business services provider reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.30. FactSet Research Systems had a return on equity of 42.88% and a net margin of 25.15%. The firm had revenue of $431.10 million during the quarter, compared to the consensus estimate of $427.09 million. During the same quarter in the prior year, the company earned $2.72 EPS. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts predict that FactSet Research Systems will post 13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 17th. Investors of record on Monday, February 28th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Friday, February 25th. FactSet Research Systems’s dividend payout ratio (DPR) is 30.15%.

In other news, Director Laurie Siegel sold 1,286 shares of FactSet Research Systems stock in a transaction dated Wednesday, April 6th. The stock was sold at an average price of $440.00, for a total value of $565,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gene D. Fernandez sold 16,517 shares of the business’s stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $442.99, for a total value of $7,316,865.83. The disclosure for this sale can be found here. Insiders sold a total of 26,510 shares of company stock valued at $11,576,190 over the last quarter. Company insiders own 0.83% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $826,000. Sequoia Financial Advisors LLC purchased a new stake in FactSet Research Systems during the 4th quarter valued at $246,000. Barclays PLC lifted its position in FactSet Research Systems by 65.4% in the fourth quarter. Barclays PLC now owns 111,358 shares of the business services provider’s stock worth $54,120,000 after buying an additional 44,024 shares during the last quarter. Squarepoint Ops LLC purchased a new position in FactSet Research Systems during the fourth quarter worth $521,000. Finally, CIBC World Markets Inc. increased its position in FactSet Research Systems by 10.4% during the fourth quarter. CIBC World Markets Inc. now owns 861 shares of the business services provider’s stock valued at $418,000 after acquiring an additional 81 shares during the last quarter. 88.43% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile (Get Rating)

FactSet Research Systems Inc, a financial data and analytics 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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Earnings History and Estimates for FactSet Research Systems (NYSE:FDS)

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