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

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) declared a quarterly dividend on Tuesday, February 4th,RTT News reports. Investors of record on Friday, February 28th will be paid 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%. The ex-dividend date is Friday, February 28th.

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% meaning 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

FDS stock traded down $2.18 during trading on Friday, reaching $467.10. 221,895 shares of the company's stock were exchanged, compared to its average volume of 324,692. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $499.87. The firm has a market cap of $17.76 billion, a PE ratio of 33.48, a P/E/G ratio of 2.98 and a beta of 0.77. The company's fifty day moving average price is $474.36 and its 200-day moving average price is $456.06. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. The business had revenue of $568.70 million during 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.12 earnings per share. On average, research analysts expect that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BMO Capital Markets dropped their target price 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. Morgan Stanley boosted their price objective on 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 raised their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research note on Friday, December 20th. UBS Group boosted their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $453.46.

Insider Transactions at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by 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.