FactSet Research Systems Inc. (NYSE:FDS) declared a quarterly dividend on Friday, February 15th, RTT News reports. Investors of record on Thursday, February 28th will be given a dividend of 0.64 per share by the business services provider on Tuesday, March 19th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Wednesday, February 27th.
FactSet Research Systems has raised its dividend by an average of 13.2% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. FactSet Research Systems has a payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect FactSet Research Systems to earn $10.54 per share next year, which means the company should continue to be able to cover its $2.56 annual dividend with an expected future payout ratio of 24.3%.
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NYSE:FDS opened at $231.63 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.49 and a quick ratio of 2.49. The company has a market cap of $8.81 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.39 and a beta of 1.06. FactSet Research Systems has a fifty-two week low of $184.48 and a fifty-two week high of $237.95.
FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, December 18th. The business services provider reported $2.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.06. The firm had revenue of $351.60 million during the quarter, compared to analysts’ expectations of $349.92 million. FactSet Research Systems had a net margin of 20.47% and a return on equity of 62.54%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $2.04 EPS. As a group, equities analysts forecast that FactSet Research Systems will post 9.49 EPS for the current year.
FDS has been the subject of a number of research analyst reports. Barclays raised shares of FactSet Research Systems from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $210.00 to $235.00 in a research report on Friday, December 7th. Credit Suisse Group initiated coverage on shares of FactSet Research Systems in a research report on Friday, December 7th. They set a “neutral” rating and a $238.00 price objective for the company. Cantor Fitzgerald lowered their price objective on shares of FactSet Research Systems to $209.00 and set a “neutral” rating for the company in a research report on Wednesday, December 19th. DA Davidson increased their price objective on shares of FactSet Research Systems to $206.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 19th. Finally, Morgan Stanley lowered their price objective on shares of FactSet Research Systems from $207.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $220.36.
In other FactSet Research Systems news, CEO Frederick Philip Snow sold 1,182 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $218.62, for a total transaction of $258,408.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John W. Wiseman sold 9,669 shares of the stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $205.75, for a total transaction of $1,989,396.75. Following the sale, the executive vice president now owns 2,050 shares in the company, valued at $421,787.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,750 shares of company stock worth $3,828,051. 2.30% of the stock is owned by company insiders.
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About FactSet Research Systems
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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