FactSet Research Systems Inc. (NYSE:FDS) Declares Quarterly Dividend of $1.10

Key Points

• FactSet Research Systems Inc. declared a quarterly dividend of $1.10 per share, which will be paid on September 18th to shareholders of record on August 29th, representing a 1.1% yield.
• The company reported earnings per share (EPS) of $4.27 for the last quarter, missing estimates by $0.03, but had a revenue of $585.52 million, exceeding projections and showing a 5.9% year-over-year growth.
• Insiders at FactSet Research have recently sold a total of 13,031 shares worth approximately $5.8 million, reflecting notable activity in insider transactions.

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) declared a quarterly dividend on Thursday, August 7th, RTT News reports. Shareholders of record on Friday, August 29th will be paid a dividend of 1.10 per share by the business services provider on Thursday, September 18th. This represents a c) dividend on an annualized basis and a yield of 1.1%.

FactSet Research Systems has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Equities 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 $4.40 annual dividend with an expected future payout ratio of 23.6%.

FactSet Research Systems Stock Up 2.1%

FDS stock opened at $395.64 on Thursday. FactSet Research Systems has a 52 week low of $383.27 and a 52 week high of $499.87. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The firm has a 50-day simple moving average of $430.20 and a 200-day simple moving average of $441.26. The stock has a market capitalization of $14.96 billion, a P/E ratio of 28.51, a P/E/G ratio of 2.53 and a beta of 0.83.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The company had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. During the same quarter in the prior year, the company posted $4.37 earnings per share. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

Insider Buying and Selling at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the sale, the executive vice president directly owned 23,952 shares in the company, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the transaction, the chief accounting officer directly owned 44 shares in the company, valued at $19,474.40. This represents a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,031 shares of company stock worth $5,825,481 over the last ninety days. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On FactSet Research Systems

Hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of FactSet Research Systems by 57.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 829,174 shares of the business services provider's stock valued at $370,873,000 after acquiring an additional 301,129 shares during the period. Parkside Financial Bank & Trust increased its stake in FactSet Research Systems by 573.1% in the second quarter. Parkside Financial Bank & Trust now owns 350 shares of the business services provider's stock valued at $157,000 after purchasing an additional 298 shares during the period. Aviva PLC raised its stake in shares of FactSet Research Systems by 6.8% during the 2nd quarter. Aviva PLC now owns 27,988 shares of the business services provider's stock worth $12,518,000 after buying an additional 1,770 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in FactSet Research Systems by 4.9% in the first quarter. Summit Investment Advisors Inc. now owns 4,358 shares of the business services provider's stock valued at $1,981,000 after purchasing an additional 205 shares during the last quarter. Finally, Savant Capital LLC boosted its position in FactSet Research Systems by 17.4% during the second quarter. Savant Capital LLC now owns 674 shares of the business services provider's stock worth $302,000 after acquiring an additional 100 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile

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.

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