Revenue Update on FactSet Research Systems(NYSE:FDS)

FactSet Research Systems(NYSE:FDS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Sep 27, 2016. Company reported revenue of $287.29M. Analysts estimated a revenue of $291.43M. Earnings per share were $1.69. Analysts had estimated an EPS of $1.69.

In a different note, Macquarie said it Initiates Coverage on FactSet Research Systems, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Aug 23, 2016, Barclays said it Maintains its rating on FactSet Research Systems. In the research note, the firm Raises the price-target to $160.00 per share. The shares have been rated ‘Equal-weight’ by the firm. Credit Suisse said it Initiates Coverage on FactSet Research Systems, according to a research note issued on Jul 11, 2016. The shares have been rated ‘Outperform’ by the firm.

FactSet Research Systems (FDS) made into the market gainers list on Fridays trading session with the shares advancing 1.18% or 1.89 points. Due to strong positive momentum, the stock ended at $162.1, which is also near the day’s high of $162.97. The stock began the session at $161.09 and the volume stood at 4,70,640 shares. The 52-week high of the shares is $183.17 and the 52 week low is $135.95. The company has a current market capitalization of $6,590 M and it has 4,06,51,578 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, Joseph E Jr Laird (director) sold 1,000 shares at $165.00 per share price.Also, 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.

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