FactSet Research Systems Inc. (NYSE:FDS) Announces Quarterly Dividend of $1.04

FactSet Research Systems Inc. (NYSE:FDS) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 1.04 per share by the business services provider on Thursday, December 19th. This represents a $4.16 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, November 29th.

FactSet Research Systems has increased its dividend payment by an average of 8.1% per year over the last three years and has raised its dividend every year for the last 26 years. FactSet Research Systems has a dividend payout ratio of 24.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect FactSet Research Systems to earn $18.75 per share next year, which means the company should continue to be able to cover its $4.16 annual dividend with an expected future payout ratio of 22.2%.

FactSet Research Systems Trading Up 0.8 %

FDS stock traded up $3.62 during mid-day trading on Friday, reaching $477.50. The company had a trading volume of 10,293 shares, compared to its average volume of 260,234. The company has a market capitalization of $18.14 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 3.05 and a beta of 0.75. The firm has a 50 day moving average of $454.40 and a 200 day moving average of $431.01. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $488.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.93 EPS. On average, equities analysts predict that FactSet Research Systems will post 17.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Evercore ISI began coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective for the company. Wells Fargo & Company upped their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. BMO Capital Markets boosted their price target on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Finally, Royal Bank of Canada raised their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. Five research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $443.57.

Insiders Place Their Bets

In other news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the sale, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at $10,726,367.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the transaction, the executive vice president now owns 23,515 shares in the company, valued at approximately $10,726,367.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,362 shares of company stock worth $11,450,695. Corporate insiders own 1.00% of the company’s stock.

About FactSet Research Systems

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.