New Lifetime High Today: FactSet Research Systems (FDS)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified FactSet Research Systems as such a stock due to the following factors:
- FDS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $68.5 million.
- FDS has traded 6,956 shares today.
- FDS is trading at a new lifetime high.
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More details on FDS:
FactSet Research Systems Inc. provides integrated financial information and analytical applications to investment community in the United States, Europe, and the Asia Pacific. The stock currently has a dividend yield of 1%. FDS has a PE ratio of 30.1. Currently there are 2 analysts that rate FactSet Research Systems a buy, no analysts rate it a sell, and 11 rate it a hold.
The average volume for FactSet Research Systems has been 276,500 shares per day over the past 30 days. FactSet Research Systems has a market cap of $6.3 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 0.59 and a short float of 9.9% with 8.20 days to cover. Shares are up 9.6% year-to-date as of the close of trading on Monday.
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Analysis:
rates FactSet Research Systems as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
Highlights from the ratings report include:
- Despite its growing revenue, the company underperformed as compared with the industry average of 10.3%. Since the same quarter one year prior, revenues slightly increased by 8.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
- FDS has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. To add to this, FDS has a quick ratio of 1.89, which demonstrates the ability of the company to cover short-term liquidity needs.
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Software industry and the overall market, FACTSET RESEARCH SYSTEMS INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 45.41% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, FDS should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- FACTSET RESEARCH SYSTEMS INC has improved earnings per share by 10.9% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, FACTSET RESEARCH SYSTEMS INC increased its bottom line by earning $4.93 versus $4.47 in the prior year. This year, the market expects an improvement in earnings ($5.69 versus $4.93).
- You can view the full FactSet Research Systems Ratings Report.
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