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FactSet Research Systems Inc. (NYSE:FDS) Plans $0.89 Quarterly Dividend

Financial News Live · Aug 5, 2022 17:01

FactSet Research Systems Inc. (NYSE:FDS – Get Rating) declared a quarterly dividend on Friday, August 5th, Wall Street Journal reports. Shareholders of record on Wednesday, August 31st will be paid a dividend of 0.89 per share by the business services provider on Thursday, September 15th. This represents a $3.56 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, August 30th.

FactSet Research Systems has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FactSet Research Systems to earn $14.70 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 24.2%.

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FactSet Research Systems Stock Performance

NYSE FDS traded down $1.47 on Friday, hitting $423.31. 5,228 shares of the stock traded hands, compared to its average volume of 194,761. FactSet Research Systems has a 12 month low of $345.92 and a 12 month high of $495.39. The business's fifty day moving average is $389.10 and its two-hundred day moving average is $403.38. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 3.13 and a beta of 0.80.

FactSet Research Systems (NYSE:FDS – Get Rating) last posted its quarterly earnings results on Thursday, June 23rd. The business services provider reported $3.76 EPS for the quarter, topping analysts' consensus estimates of $3.18 by $0.58. FactSet Research Systems had a return on equity of 44.24% and a net margin of 22.41%. The firm had revenue of $488.75 million during the quarter, compared to analyst estimates of $476.06 million. During the same period last year, the company earned $2.72 earnings per share. As a group, equities analysts anticipate that FactSet Research Systems will post 13.48 EPS for the current fiscal year.

Insider Transactions at FactSet Research Systems

In other news, EVP Jonathan Reeve sold 335 shares of FactSet Research Systems stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $401.55, for a total value of $134,519.25. Following the transaction, the executive vice president now owns 111 shares in the company, valued at $44,572.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Jonathan Reeve sold 335 shares of the business's stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $401.55, for a total transaction of $134,519.25. Following the transaction, the executive vice president now owns 111 shares in the company, valued at approximately $44,572.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 2,500 shares of the business's stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $370.95, for a total value of $927,375.00. Following the transaction, the chief executive officer now owns 3,988 shares in the company, valued at approximately $1,479,348.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,407 shares of company stock worth $4,482,202. Company insiders own 0.83% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FDS. Vanguard Group Inc. boosted its position in FactSet Research Systems by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 4,298,111 shares of the business services provider's stock valued at $1,866,025,000 after acquiring an additional 52,604 shares in the last quarter. State Street Corp boosted its position in FactSet Research Systems by 1.7% during the 1st quarter. State Street Corp now owns 1,988,080 shares of the business services provider's stock valued at $863,125,000 after acquiring an additional 32,550 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of FactSet Research Systems by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 310,417 shares of the business services provider's stock worth $134,768,000 after purchasing an additional 7,758 shares in the last quarter. Invesco Ltd. boosted its position in shares of FactSet Research Systems by 10.7% in the 1st quarter. Invesco Ltd. now owns 266,589 shares of the business services provider's stock worth $115,741,000 after purchasing an additional 25,849 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of FactSet Research Systems by 43.3% in the 1st quarter. Royal Bank of Canada now owns 141,696 shares of the business services provider's stock worth $61,518,000 after purchasing an additional 42,791 shares in the last quarter. Hedge funds and other institutional investors own 89.99% of the company's stock.

Analysts Set New Price Targets

FDS has been the subject of a number of analyst reports. Credit Suisse Group cut their price target on FactSet Research Systems from $475.00 to $390.00 and set a "neutral" rating for the company in a report on Friday, June 24th. StockNews.com lowered FactSet Research Systems from a "buy" rating to a "hold" rating in a research note on Sunday, June 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on FactSet Research Systems from $102.00 to $418.00 and gave the company a "hold" rating in a research note on Friday, June 24th. Morgan Stanley dropped their price objective on FactSet Research Systems from $362.00 to $338.00 and set an "underweight" rating for the company in a research note on Tuesday, June 21st. Finally, Redburn Partners initiated coverage on FactSet Research Systems in a research note on Tuesday, May 17th. They set a "sell" rating for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of "Hold" and a consensus target price of $407.50.

FactSet Research Systems Company Profile

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FactSet Research Systems Inc, a financial data and analytics 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.