Equities analysts expect that FactSet (NYSE:FDS) will post $339.71 million in sales for the current quarter, according to Zacks. Eight analysts have made estimates for FactSet’s earnings, with the lowest sales estimate coming in at $336.16 million and the highest estimate coming in at $342.00 million. FactSet posted sales of $312.12 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.8%. The company is scheduled to announce its next quarterly earnings report on Tuesday, June 26th.
According to Zacks, analysts expect that FactSet will report full-year sales of $1.35 billion for the current year, with estimates ranging from $1.35 billion to $1.36 billion. For the next year, analysts anticipate that the firm will post sales of $1.43 billion per share, with estimates ranging from $1.43 billion to $1.45 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover FactSet.
Get FactSet alerts:FactSet (NYSE:FDS) last issued its quarterly earnings data on Tuesday, March 27th. The business services provider reported $2.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.06. FactSet had a return on equity of 54.00% and a net margin of 19.07%. The business had revenue of $335.20 million during the quarter, compared to analysts’ expectations of $333.78 million. During the same period in the previous year, the firm posted $1.81 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis.
Several research analysts recently commented on the company. Bank of America boosted their target price on FactSet from $210.00 to $214.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 18th. Zacks Investment Research raised FactSet from a “hold” rating to a “buy” rating and set a $237.00 target price for the company in a research note on Tuesday, March 20th. Cantor Fitzgerald boosted their target price on FactSet from $187.00 to $203.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 28th. Stifel Nicolaus boosted their target price on FactSet from $169.00 to $184.00 and gave the stock a “hold” rating in a research note on Wednesday, March 28th. Finally, UBS boosted their target price on FactSet from $179.00 to $184.00 and gave the stock a “sell” rating in a research note on Wednesday, March 28th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $196.15.
In other news, CFO Maurizio Nicolelli sold 5,675 shares of the company’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $198.00, for a total transaction of $1,123,650.00. Following the completion of the transaction, the chief financial officer now directly owns 9,129 shares of the company’s stock, valued at approximately $1,807,542. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott A. Billeadeau sold 1,500 shares of the company’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $197.55, for a total value of $296,325.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at $98,775. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.
Several large investors have recently added to or reduced their stakes in FDS. Dimensional Fund Advisors LP boosted its position in shares of FactSet by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 168,037 shares of the business services provider’s stock worth $30,264,000 after acquiring an additional 432 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of FactSet by 78.0% in the 4th quarter. Bank of Montreal Can now owns 6,739 shares of the business services provider’s stock valued at $1,299,000 after purchasing an additional 2,954 shares during the last quarter. Profit Investment Management LLC lifted its holdings in shares of FactSet by 61.9% in the 4th quarter. Profit Investment Management LLC now owns 14,853 shares of the business services provider’s stock valued at $2,863,000 after purchasing an additional 5,681 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of FactSet by 4.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 168,001 shares of the business services provider’s stock valued at $32,384,000 after purchasing an additional 7,670 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of FactSet in the 4th quarter valued at about $539,000. 95.34% of the stock is owned by institutional investors and hedge funds.
Shares of FactSet traded down $0.27, reaching $197.63, during trading on Thursday, according to Marketbeat. The stock had a trading volume of 190,374 shares, compared to its average volume of 309,644. FactSet has a fifty-two week low of $155.09 and a fifty-two week high of $217.36. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $7.71 billion, a PE ratio of 27.04, a PEG ratio of 2.06 and a beta of 0.96.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Thursday, May 31st will be given a dividend of $0.64 per share. This is a boost from FactSet’s previous quarterly dividend of $0.56. This represents a $2.56 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, May 30th. FactSet’s dividend payout ratio is currently 30.64%.
FactSet declared that its board has initiated a stock buyback program on Tuesday, March 27th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the business services provider to purchase up to 3.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.
FactSet 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. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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