Q3 2024 EPS Estimates for FactSet Research Systems Inc. Cut by Zacks Research (NYSE:FDS)

FactSet Research Systems Inc. (NYSE:FDS) – Investment analysts at Zacks Research dropped their Q3 2024 earnings per share estimates for FactSet Research Systems in a research report issued to clients and investors on Wednesday, April 10th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings per share of $3.83 for the quarter, down from their prior forecast of $3.94. The consensus estimate for FactSet Research Systems’ current full-year earnings is $15.81 per share. Zacks Research also issued estimates for FactSet Research Systems’ Q4 2024 earnings at $3.75 EPS, FY2024 earnings at $15.98 EPS, Q1 2025 earnings at $4.30 EPS, Q2 2025 earnings at $4.35 EPS, Q3 2025 earnings at $4.37 EPS, Q4 2025 earnings at $4.37 EPS, FY2025 earnings at $17.39 EPS, Q1 2026 earnings at $4.58 EPS, Q2 2026 earnings at $4.60 EPS and FY2026 earnings at $18.58 EPS.

Other equities analysts have also issued research reports about the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group lifted their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Finally, Wolfe Research began coverage on FactSet Research Systems in a report on Thursday. They issued an “underperform” rating and a $430.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $442.70.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $426.14 on Friday. The stock’s 50-day moving average is $459.31 and its two-hundred day moving average is $456.04. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 2.64 and a beta of 0.72. FactSet Research Systems has a 1 year low of $380.96 and a 1 year high of $488.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The company had revenue of $545.95 million for the quarter, compared to analysts’ expectations of $547.93 million.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems’s payout ratio is currently 31.04%.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of FactSet Research Systems

Several large investors have recently added to or reduced their stakes in FDS. Morgan Stanley grew its stake in shares of FactSet Research Systems by 100.1% during the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after acquiring an additional 698,611 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of FactSet Research Systems by 671.0% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock worth $106,617,000 after purchasing an additional 212,204 shares during the last quarter. Norges Bank bought a new position in shares of FactSet Research Systems during the fourth quarter worth about $47,977,000. International Assets Investment Management LLC bought a new position in shares of FactSet Research Systems during the fourth quarter worth about $45,288,000. Finally, PineStone Asset Management Inc. lifted its position in shares of FactSet Research Systems by 117.0% during the fourth quarter. PineStone Asset Management Inc. now owns 163,521 shares of the business services provider’s stock worth $78,008,000 after purchasing an additional 88,173 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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.