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

FactSet Research Systems Inc. (NYSE:FDS) announced a quarterly dividend on Tuesday, February 4th,RTT News reports. Investors of record on Friday, February 28th will be given a dividend of 1.04 per share by the business services provider on Thursday, March 20th. This represents a $4.16 dividend on an annualized basis and a yield of 0.89%.

FactSet Research Systems has raised its dividend by an average of 8.3% per year over the last three years and has increased its dividend annually for the last 25 consecutive years. FactSet Research Systems has a dividend payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FactSet Research Systems to earn $18.68 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 22.3%.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $469.84 on Tuesday. The company has a market capitalization of $17.87 billion, a P/E ratio of 33.68, a P/E/G ratio of 2.98 and a beta of 0.77. The business has a fifty day simple moving average of $476.16 and a two-hundred day simple moving average of $455.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems has a 1 year low of $391.84 and a 1 year high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.25 by $0.12. The business had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.12 earnings per share. On average, analysts expect that FactSet Research Systems will post 17.21 earnings per share for the current year.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. The trade was a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FDS. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. Morgan Stanley lifted their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Stifel Nicolaus upped their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Finally, BMO Capital Markets decreased their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and an average price target of $453.46.

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.