FactSet Research Systems Inc. (NYSE:FDS – Get Free Report) declared a quarterly dividend on Tuesday, August 11th. Shareholders of record on Monday, August 31st will be given a dividend of 1.16 per share by the business services provider on Thursday, September 17th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, August 31st.
FactSet Research Systems has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 27 years. FactSet Research Systems has a payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FactSet Research Systems to earn $19.79 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 23.4%.
FactSet Research Systems Price Performance
NYSE FDS opened at $309.63 on Friday. FactSet Research Systems has a 12-month low of $185.00 and a 12-month high of $377.07. The firm’s 50 day moving average is $264.27 and its 200-day moving average is $236.21. The company has a market capitalization of $11.01 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.44.
Analysts Set New Price Targets
FDS has been the subject of a number of research analyst reports. The Goldman Sachs Group cut shares of FactSet Research Systems from a “sell” rating to an “underweight” rating in a research report on Thursday, June 18th. Rothschild & Co Redburn lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 target price on the stock. in a research note on Thursday, June 18th. Morgan Stanley increased their price objective on FactSet Research Systems from $228.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 2nd. Jefferies Financial Group raised their price target on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings raised shares of FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $257.57.
Get Our Latest Stock Analysis on FDS
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.
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