FactSet Research Systems Inc. (FDS) to Issue Quarterly Dividend of $1.04 on June 20th

FactSet Research Systems Inc. (NYSE:FDS) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Friday, May 31st will be paid a dividend of 1.04 per share by the business services provider on Thursday, June 20th. This represents a $4.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, May 31st. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98.

FactSet Research Systems has raised its dividend payment by an average of 8.1% annually over the last three years and has raised its dividend every year for the last 25 years. FactSet Research Systems has a payout ratio of 22.3% meaning its dividend is sufficiently covered by earnings. Analysts expect FactSet Research Systems to earn $17.37 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 22.6%.

FactSet Research Systems Stock Performance

Shares of FDS opened at $428.24 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. The stock has a market cap of $16.32 billion, a P/E ratio of 33.91, a PEG ratio of 2.68 and a beta of 0.73. The company has a 50-day moving average of $447.66 and a two-hundred day moving average of $454.14. FactSet Research Systems has a 12-month low of $380.96 and a 12-month high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The business had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. As a group, research analysts predict that FactSet Research Systems will post 15.82 EPS for the current fiscal year.

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total value of $138,435.00. Following the transaction, the chief accounting officer now owns 72 shares in the company, valued at $30,204. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the sale, the chief accounting officer now owns 72 shares in the company, valued at $30,204. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,363,082.90. The disclosure for this sale can be found here. In the last three months, insiders sold 6,330 shares of company stock valued at $2,740,515. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FDS. BMO Capital Markets boosted their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. Barclays restated an “equal weight” rating and issued a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group boosted their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $442.70.

FactSet Research Systems Company Profile

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.