FactSet Research Systems Inc. (NYSE:FDS) declared a quarterly dividend on Wednesday, February 7th, RTT News reports. Investors of record on Wednesday, February 28th will be paid a dividend of 0.56 per share by the business services provider on Tuesday, March 20th. This represents a $2.24 annualized dividend and a yield of 1.17%.
FactSet Research Systems has raised its dividend payment by an average of 12.8% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. FactSet Research Systems has a dividend payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FactSet Research Systems to earn $9.16 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 24.5%.
Shares of FactSet Research Systems (FDS) traded up $0.27 during trading hours on Wednesday, reaching $192.26. The company had a trading volume of 3,529 shares, compared to its average volume of 329,418. The company has a market cap of $7,498.44, a price-to-earnings ratio of 25.28, a P/E/G ratio of 2.09 and a beta of 0.96. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.64 and a current ratio of 2.64. FactSet Research Systems has a twelve month low of $155.09 and a twelve month high of $209.02.
In other FactSet Research Systems news, Director Scott A. Billeadeau sold 2,419 shares of FactSet Research Systems stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $192.30, for a total transaction of $465,173.70. Following the completion of the transaction, the director now owns 4,419 shares in the company, valued at approximately $849,773.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matthew J. Mcnulty sold 1,400 shares of FactSet Research Systems stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $192.70, for a total value of $269,780.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,406 shares of company stock valued at $10,957,561. 2.80% of the stock is currently owned by company insiders.
Several research analysts have recently weighed in on FDS shares. Zacks Investment Research raised FactSet Research Systems from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Tuesday, October 10th. Credit Suisse Group reissued an “outperform” rating and issued a $205.00 price objective (up from $200.00) on shares of FactSet Research Systems in a research report on Monday, October 23rd. Morgan Stanley lifted their price objective on FactSet Research Systems from $166.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Goldman Sachs Group assumed coverage on FactSet Research Systems in a research report on Wednesday, November 8th. They issued a “neutral” rating and a $194.00 price objective for the company. Finally, Northcoast Research downgraded FactSet Research Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 5th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. FactSet Research Systems currently has an average rating of “Hold” and a consensus target price of $184.62.
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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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