FactSet Research Systems Inc. (NYSE:FDS) Increases Dividend to $1.16 Per Share

FactSet Research Systems Inc. (NYSE:FDS) announced a quarterly dividend on Friday, May 1st. Investors of record on Friday, May 29th will be given a dividend of 1.16 per share by the business services provider on Thursday, June 18th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend 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 raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 27 consecutive 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 Stock Down 0.2%

FDS stock opened at $231.50 on Wednesday. FactSet Research Systems has a 12 month low of $185.00 and a 12 month high of $469.43. The firm 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. The firm has a 50 day simple moving average of $219.86 and a 200 day simple moving average of $245.06. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FDS. Jones Financial Companies Lllp increased its stake in FactSet Research Systems by 5.6% in the 1st quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock valued at $785,000 after buying an additional 91 shares during the period. Empowered Funds LLC increased its stake in FactSet Research Systems by 27.6% in the 1st quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock valued at $442,000 after buying an additional 210 shares during the period. Geneos Wealth Management Inc. increased its stake in FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after buying an additional 64 shares during the period. EverSource Wealth Advisors LLC increased its stake in FactSet Research Systems by 58.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock valued at $62,000 after buying an additional 51 shares during the period. Finally, Cerity Partners LLC increased its stake in FactSet Research Systems by 15.6% in the 2nd quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock valued at $2,347,000 after buying an additional 707 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

About FactSet Research Systems

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.