Market Overview

Oppenheimer Holdings Reiterates Perform Rating on FactSet Research Systems

Related FDS
Benzinga's Top Upgrades, Downgrades For January 10, 2017
Keep an Eye on These 7 Stocks for December 20, 2016

In a report published Wednesday, Oppenheimer Holdings reiterated its Perform rating on FactSet Research Systems (NYSE: FDS).

Oppenheimer Holdings noted, “FDS reported relatively soft 1Q:FY13 results with 7.5% revenue growth and 12% EPS growth to $1.11, which benefited ~$0.02 from a lower tax rate (vs. our estimate of $1.11. FDS added 105 users and nine clients during the quarter. Buy-side additions were mostly offset by sell-side declines. ASV increased 0.5% Q/Q to $847M. FDS provided 2Q:FY13 Rev/EPS guidance of $212-$215M and $1.11-$1.13, respectively (vs. our prior estimate of ~$215.5M/$1.13). We modestly lower our FY13/14 estimates to reflect softer user growth trends. We lower our FY13 EPS estimate $0.04 to $4.54 (+10% Y/Y) and FY14 estimate $0.10 to $4.99 (+10% Y/Y); maintain Perform rating.”

FactSet Research Systems closed on Tuesday at $92.19.

Latest Ratings for FDS

Jan 2017BarclaysDowngradesEqual-WeightUnderweight
Nov 2016Credit SuisseAssumesOutperform
Aug 2016MacquarieInitiates Coverage onNeutral

View More Analyst Ratings for FDS
View the Latest Analyst Ratings

Posted-In: Oppenheimer HoldingsAnalyst Color Reiteration Analyst Ratings


Related Articles (FDS)

View Comments and Join the Discussion!