FactSet Research Systems Inc. (FDS) to Issue Quarterly Dividend of $0.56
FactSet Research Systems Inc. (NYSE:FDS) announced a quarterly dividend on Monday, May 8th, RTT News reports. Stockholders of record on Wednesday, May 31st will be paid a dividend of 0.56 per share by the business services provider on Tuesday, June 20th. This represents a $2.24 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, May 26th. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.50.
FactSet Research Systems (NYSE FDS) traded up 0.59% during trading on Friday, reaching $169.94. The company had a trading volume of 262,038 shares. The stock has a 50 day moving average price of $163.35 and a 200 day moving average price of $168.31. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 19.96 and a beta of 0.85. FactSet Research Systems has a 12 month low of $149.39 and a 12 month high of $183.64.
FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, March 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.01. The firm had revenue of $294.40 million during the quarter, compared to analysts’ expectations of $296.04 million. FactSet Research Systems had a return on equity of 54.23% and a net margin of 29.76%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 EPS. On average, equities research analysts predict that FactSet Research Systems will post $7.28 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. BidaskClub downgraded shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Tuesday. Credit Suisse Group increased their price objective on shares of FactSet Research Systems from $179.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 29th. Stifel Nicolaus restated a “hold” rating and set a $163.00 price objective on shares of FactSet Research Systems in a research note on Tuesday, April 25th. Finally, Deutsche Bank AG assumed coverage on shares of FactSet Research Systems in a research note on Wednesday, May 10th. They set a “hold” rating and a $160.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $168.30.
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In related news, Director Joseph E. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $160.00, for a total value of $160,000.00. Following the completion of the sale, the director now directly owns 10,000 shares in the company, valued at approximately $1,600,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.
FactSet Research Systems Company Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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