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

kopsource · Aug 5, 2022 17:01

FactSet Research Systems Inc. (NYSE:FDS – Get Rating) announced a quarterly dividend on Friday, August 5th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Tuesday, August 30th.

FactSet Research Systems has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. 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 Down 0.3 %

FactSet Research Systems stock traded down $1.47 during midday trading on Friday, reaching $423.31. The stock had a trading volume of 5,228 shares, compared to its average volume of 194,761. The firm's fifty day simple moving average is $389.10 and its 200-day simple moving average is $403.38. FactSet Research Systems has a 1-year low of $345.92 and a 1-year high of $495.39. The stock has a market capitalization of $16.08 billion, a P/E ratio of 41.40, a price-to-earnings-growth ratio of 3.13 and a beta of 0.80. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.12 and a current ratio of 2.12.

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

Analyst Upgrades and Downgrades

FDS has been the topic of several recent analyst reports. Barclays lowered their price target on FactSet Research Systems from $550.00 to $440.00 and set an "overweight" rating on the stock in a research report on Friday, June 24th. Royal Bank of Canada reduced their target price on FactSet Research Systems from $525.00 to $475.00 and set an "outperform" rating for the company in a research note on Friday, June 24th. Redburn Partners began coverage on FactSet Research Systems in a research note on Tuesday, May 17th. They set a "sell" rating for the company. Stifel Nicolaus reduced their target price on FactSet Research Systems from $432.00 to $394.00 and set a "hold" rating for the company in a research note on Friday, June 24th. Finally, Morgan Stanley reduced their target price 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. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of "Hold" and an average price target of $407.50.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 2,500 shares of FactSet Research Systems stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $370.95, for a total value of $927,375.00. Following the completion of the transaction, the chief executive officer now directly owns 3,988 shares of the company's stock, valued at approximately $1,479,348.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Frederick Philip Snow sold 2,500 shares of the business's stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $370.95, for a total transaction of $927,375.00. Following the completion of the transaction, the chief executive officer now owns 3,988 shares of the company's stock, valued at approximately $1,479,348.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sheila B. Jordan sold 2,572 shares of the business's stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $391.15, for a total value of $1,006,037.80. Following the transaction, the director now directly owns 177 shares of the company's stock, valued at approximately $69,233.55. The disclosure for this sale can be found here. Insiders sold 11,407 shares of company stock valued at $4,482,202 in the last three months. Corporate insiders own 0.83% of the company's stock.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its position in shares of FactSet Research Systems by 17.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 28,648 shares of the business services provider's stock valued at $12,438,000 after buying an additional 4,349 shares during the last quarter. Toroso Investments LLC bought a new stake in shares of FactSet Research Systems in the 1st quarter valued at about $203,000. BNP Paribas Arbitrage SA grew its position in shares of FactSet Research Systems by 7.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 20,077 shares of the business services provider's stock valued at $8,716,000 after buying an additional 1,383 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of FactSet Research Systems by 139.3% in the 1st quarter. Wealthfront Advisers LLC now owns 3,446 shares of the business services provider's stock valued at $1,496,000 after buying an additional 2,006 shares during the last quarter. Finally, Willis Investment Counsel grew its position in shares of FactSet Research Systems by 69.9% in the 1st quarter. Willis Investment Counsel now owns 19,200 shares of the business services provider's stock valued at $8,336,000 after buying an additional 7,900 shares during the last quarter. Institutional investors and hedge funds own 89.99% of the company's stock.

About FactSet Research Systems

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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.