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

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be paid 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 of this dividend is Friday, November 29th.

FactSet Research Systems has raised its dividend by an average of 8.1% per year over the last three years and has increased its dividend annually for the last 26 consecutive years. FactSet Research Systems has a payout ratio of 24.2% meaning its dividend is sufficiently covered by earnings. 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 traded up $3.79 during trading on Friday, hitting $477.67. 256,149 shares of the stock traded hands, compared to its average volume of 261,367. The firm has a market capitalization of $18.15 billion, a P/E ratio of 34.09, a price-to-earnings-growth ratio of 3.05 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. 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.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating 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 net margin of 24.38% and a return on equity of 34.77%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.93 EPS. Equities research analysts anticipate that FactSet Research Systems will post 17.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Redburn Atlantic cut shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and dropped their price target for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Royal Bank of Canada raised their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a "sector perform" rating in a research report on Friday, September 20th. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a research report on Friday, September 20th. Finally, BMO Capital Markets raised their target price on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a "market perform" rating in a research report on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $443.57.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the sale, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the sale, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James J. Mcgonigle sold 5,410 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the sale, the director now owns 5,283 shares of the company's stock, valued at $2,413,432.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,362 shares of company stock worth $11,450,695. 1.00% of the stock is owned by corporate insiders.

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.