FactSet Research Systems Inc. (FDS) To Go Ex-Dividend on May 29th

FactSet Research Systems Inc. (NYSE:FDS) declared a quarterly dividend on Friday, May 1st. Stockholders of record on Friday, May 29th will be paid a dividend of 1.16 per share by the business services provider on Thursday, June 18th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, May 29th. This is a 5.5% increase from FactSet Research Systems’s previous quarterly dividend of $1.10.

FactSet Research Systems has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 27 years. FactSet Research Systems has a dividend payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect FactSet Research Systems to earn $19.50 per share next year, which means the company should continue to be able to cover its $4.64 annual dividend with an expected future payout ratio of 23.8%.

FactSet Research Systems Trading Down 0.2%

Shares of NYSE FDS opened at $231.50 on Wednesday. The firm’s 50 day moving average price is $219.86 and its 200-day moving average price is $245.06. The company has a market cap of $8.43 billion, a PE ratio of 14.89, a P/E/G ratio of 2.01 and a beta of 0.69. FactSet Research Systems has a 52-week low of $185.00 and a 52-week high of $469.43. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.37 by $0.09. The firm had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.28 earnings per share. On average, equities research analysts expect that FactSet Research Systems will post 17.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on FDS. UBS Group reduced their price target on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Barclays dropped their target price on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research report on Monday, February 23rd. The Goldman Sachs Group dropped their target price on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a research report on Wednesday, April 1st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $240.00 target price on shares of FactSet Research Systems in a research report on Wednesday. Finally, Bank of America initiated coverage on FactSet Research Systems in a research note on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, FactSet Research Systems presently has an average rating of “Reduce” and an average target price of $279.62.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.