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

FactSet Research Systems Inc. (NYSE:FDS) declared a quarterly dividend on Tuesday, February 4th, RTT News reports. Shareholders 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 0.90%. The ex-dividend date is Friday, February 28th.

FactSet Research Systems has raised its dividend payment by an average of 8.3% per year over the last three years and has raised its dividend annually for the last 26 consecutive years. FactSet Research Systems has a dividend payout ratio of 22.4% meaning its dividend is sufficiently covered by earnings. Research 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 Up 0.3 %

NYSE:FDS opened at $462.99 on Wednesday. The firm has a market capitalization of $17.61 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average of $468.30 and a 200-day moving average of $461.04.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The firm had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $4.12 EPS. Analysts predict that FactSet Research Systems will post 17.21 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on FDS. Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Morgan Stanley raised their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. BMO Capital Markets reduced their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. Finally, UBS Group lifted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $453.23.

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.