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

FactSet Research Systems Inc. (NYSE:FDSFree Report) – Investment analysts at William Blair lowered their Q3 2024 EPS estimates for shares of FactSet Research Systems in a research note issued on Friday, March 22nd. William Blair analyst A. Nicholas now forecasts that the business services provider will earn $3.81 per share for the quarter, down from their prior forecast of $4.01. The consensus estimate for FactSet Research Systems’ current full-year earnings is $15.73 per share. William Blair also issued estimates for FactSet Research Systems’ Q3 2025 earnings at $4.30 EPS.

FactSet Research Systems (NYSE:FDSGet Free Report) last posted its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million.

Several other analysts have also weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research report on Friday. BMO Capital Markets increased their target price on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday. Stifel Nicolaus reiterated a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a research report on Friday. Barclays reiterated an “equal weight” rating and issued a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research report on Friday. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a report on Friday. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $444.11.

Read Our Latest Stock Analysis on FDS

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $444.90 on Monday. FactSet Research Systems has a one year low of $380.96 and a one year high of $488.64. The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 0.83. The business has a fifty day simple moving average of $468.28 and a 200 day simple moving average of $455.42. The firm has a market capitalization of $16.95 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 2.73 and a beta of 0.73.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were paid a $0.98 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a yield of 0.88%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.04%.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $6,147,798.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Laurie Siegel sold 1,500 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $475.84, for a total value of $713,760.00. Following the completion of the sale, the director now directly owns 595 shares in the company, valued at $283,124.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $476.02, for a total value of $1,428,060.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $6,147,798.30. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDS. Covestor Ltd raised its stake in FactSet Research Systems by 82.9% in the second quarter. Covestor Ltd now owns 64 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 29 shares in the last quarter. Criterion Capital Advisors LLC bought a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $30,000. First Capital Advisors Group LLC. acquired a new stake in shares of FactSet Research Systems during the 2nd quarter worth approximately $30,000. Clear Street Markets LLC increased its stake in FactSet Research Systems by 94.9% in the first quarter. Clear Street Markets LLC now owns 76 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 37 shares during the last quarter. Finally, Tyler Stone Wealth Management acquired a new position in FactSet Research Systems during the second quarter valued at approximately $32,000. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Company Profile

(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.

Further Reading

Earnings History and Estimates for FactSet Research Systems (NYSE:FDS)

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.