FactSet Research Systems Inc. (FDS) To Go Ex-Dividend on November 28th
FactSet Research Systems Inc. (NYSE:FDS) announced a quarterly dividend on Thursday, November 10th. Stockholders of record on Wednesday, November 30th will be paid a dividend of 0.50 per share on Tuesday, December 20th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, November 28th.
Shares of FactSet Research Systems (NYSE:FDS) opened at 161.56 on Wednesday. FactSet Research Systems has a one year low of $135.95 and a one year high of $183.17. The stock has a 50 day moving average of $156.86 and a 200-day moving average of $163.93. The company has a market capitalization of $6.45 billion, a PE ratio of 19.73 and a beta of 0.74.
FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Tuesday, September 27th. The company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by $0.01. The company earned $287.30 million during the quarter. FactSet Research Systems had a return on equity of 48.65% and a net margin of 30.06%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $1.48 EPS. On average, equities analysts forecast that FactSet Research Systems will post $7.04 earnings per share for the current fiscal year.
In related news, SVP Rachel Rebecca Stern sold 1,065 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $158.79, for a total transaction of $169,111.35. Following the transaction, the senior vice president now directly owns 978 shares in the company, valued at $155,296.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 6,250 shares of the business’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $158.22, for a total transaction of $988,875.00. Following the transaction, the chief executive officer now owns 10,551 shares in the company, valued at $1,669,379.22. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDS. Credit Suisse AG boosted its position in FactSet Research Systems by 14.9% in the second quarter. Credit Suisse AG now owns 69,642 shares of the company’s stock valued at $11,242,000 after buying an additional 9,055 shares during the period. BlueMountain Capital Management LLC purchased a new position in FactSet Research Systems during the second quarter valued at $973,000. Sei Investments Co. boosted its position in FactSet Research Systems by 6.2% in the second quarter. Sei Investments Co. now owns 4,043 shares of the company’s stock valued at $653,000 after buying an additional 237 shares during the period. Janney Montgomery Scott LLC purchased a new position in FactSet Research Systems during the second quarter valued at $536,000. Finally, Comerica Bank boosted its position in FactSet Research Systems by 5.6% in the second quarter. Comerica Bank now owns 34,945 shares of the company’s stock valued at $6,030,000 after buying an additional 1,851 shares during the period. Institutional investors and hedge funds own 93.10% of the company’s stock.
FDS has been the subject of a number of research reports. Zacks Investment Research cut shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Macquarie initiated coverage on shares of FactSet Research Systems in a report on Thursday, August 25th. They issued a “neutral” rating and a $180.00 price target for the company. Goldman Sachs Group Inc. restated a “sell” rating and issued a $125.00 price target (up from $124.00) on shares of FactSet Research Systems in a report on Friday, September 30th. Credit Suisse Group AG restated a “buy” rating and issued a $179.00 price target on shares of FactSet Research Systems in a report on Wednesday, September 28th. Finally, Morgan Stanley set a $161.00 price target on shares of FactSet Research Systems and gave the stock a “hold” rating in a report on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $169.67.
About FactSet Research Systems
FactSet Research Systems Inc (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S., Europe and Asia Pacific. Sales, consulting, data collection, product development and software engineering are the primary functional groups within the U.S., Europe and Asia Pacific segments that provide global financial and economic information to investment managers, investment banks and other financial services professionals.
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