FactSet Research Systems (FDS) announced its most recent quarterly financial results on Tuesday, Sep-27-2016. FDS reported $1.69 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $1.70. The company posted revenue of $287.30 million in the period, compared to analysts expectations of $290.06 million. FDS’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS.
Many Wall Street Analysts have commented on FactSet Research Systems. Macquarie Initiated FactSet Research Systems on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $180.Credit Suisse Initiated FactSet Research Systems on Jul 12, 2016 to “Outperform”, Price Target of the shares are set at $182.
FactSet Research Systems opened for trading at $178.98 and hit $180.23 on the upside on Thursday, eventually ending the session at $179.8, with a gain of 0.88% or 1.57 points. The heightened volatility saw the trading volume jump to 2,62,913 shares. Company has a market cap of $7,309 M.
In a different news, on Jul 13, 2016, Joseph E Jr Laird (director) sold 1,000 shares at $165.00 per share price. According to the SEC, on Apr 15, 2016, Rachel Rebecca Stern (Senior Vice President) sold 4,583 shares at $153.37 per share price. On Apr 14, 2016, Mark J. Hale (Chief Operating Officer) sold 1,823 shares at $150.05 per share price, according to the Form-4 filing with the securities and exchange commission.
FactSet Research Systems Inc. (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S. Europe and Asia Pacific. Sales consulting data collection product development and software engineering are the primary functional groups within the U.S. Europe and Asia Pacific segments that provide global financial and economic information to investment managers investment banks and other financial services professionals. The U.S. segment services finance professionals including financial institutions throughout the Americas while the European and Asia Pacific segments service investment professionals located throughout Europe and the Asia Pacific region respectively. FactSet combines content regarding companies and securities from markets all over the globe into a single online platform of information and analytics.