filings.toolsItem 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
| (a) | Market Information**, Holders and Dividends** |
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Market Information - FactSet common stock is listed on the New York Stock Exchange and the NASDAQ Stock Market under the symbol FDS. The following table sets forth, for each fiscal period indicated, the high and low sales prices per share of the Company’s common stock as reported on the New York Stock Exchange.
| First | Second | Third | Fourth | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 | ||||||||||||||||
| High | $ | 138.26 | $ | 158.29 | $ | 168.62 | $ | 174.03 | ||||||||
| Low | $ | 110.77 | $ | 134.01 | $ | 149.68 | $ | 140.00 | ||||||||
| 2014 | ||||||||||||||||
| High | $ | 115.39 | $ | 119.08 | $ | 114.82 | $ | 129.28 | ||||||||
| Low | $ | 101.07 | $ | 101.41 | $ | 102.31 | $ | 107.02 |
Holders of Record – As of October 20, 2015, there were approximately 127,277 holders of record of FactSet common stock. However, because many of FactSet’s shares of common stock are held by brokers and other institutions on behalf of stockholders, FactSet is unable to estimate the total number of stockholders represented by these record holders. The closing price of FactSet’s common stock on October 20, 2015 was $168.00 per share as reported on the New York Stock Exchange.
Dividends - In fiscal 2015, the Company’s Board of Directors declared the following dividends:
| Declaration Date | Dividends Per Share of Common Stock | Type | Record Date | Total Amount (in thousands) | Payment Date | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| August 10, 2015 | $ | 0.44 | Regular (cash) | August 31, 2015 | $ | 18,179 | September 15, 2015 | ||||
| May 12, 2015(1) | $ | 0.44 | Regular (cash) | May 29, 2015 | $ | 18,274 | June 16, 2015 | ||||
| February 11, 2015 | $ | 0.39 | Regular (cash) | February 27, 2015 | $ | 16,236 | March 17, 2015 | ||||
| November 12, 2014 | $ | 0.39 | Regular (cash) | November 28, 2014 | $ | 16,216 | December 16, 2014 |
| (1) | On May 12, 2015, FactSet’s Board of Directors approved a 12.8% increase in the regular quarterly dividend, beginning with the dividend payment in June 2015 which was $0.44 per share, or $1.76 per share per annum. |
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All of the above cash dividends were paid from existing cash resources. Future dividend payments will depend on the Company’s earnings, capital requirements, financial condition and other factors considered relevant by FactSet and is subject to final determination by the Company’s Board of Directors.
| (b) | Recent Sales of Unregistered Securities |
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There were no sales of unregistered equity securities in fiscal 2015.
| (c) | Issuer Purchases of Equity Securities |
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The following table provides a month-to-month summary of the share repurchase activity under the current stock repurchase program during the three months ended August 31, 2015 (in thousands, except per share data):
| Period | Total number of shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs | Maximum number of shares (or approximate dollar value) that may yet be purchased under the plans or programs (1) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 2015 | 157,811 | $ | 164.02 | 157,811 | $ | 186,222 | ||||||||||
| July 2015 | 271,572 | $ | 162.55 | 271,572 | $ | 142,678 | ||||||||||
| August 2015 | 50,000 | $ | 168.76 | 50,000 | $ | 134,240 | ||||||||||
| 479,383 | $ | 163.68 | 479,383 |
| (1) | Repurchases may be made from time to time in the open market and privately negotiated transactions, subject to market conditions. No minimum number of shares to be repurchased has been fixed. There is no timeframe to complete the repurchase program and it is expected that share repurchases will be paid using existing and future cash generated by operations. |
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Securities Authorized for Issuance under Equity Compensation Plans – Information regarding securities authorized for issuance under equity compensation plans is incorporated by reference from the Company’s Proxy Statement filed on October 30, 2015 for its 2015 Annual Meeting of Stockholders.
Stock Performance Graph
The annual changes for the five-year period shown in the graph below are based on the assumption that $100 had been invested in FactSet common stock, the Standard & Poor’s 500 Index, the NYSE Composite Index and the Dow Jones U.S. Financial Services Index on August 31, 2010, and that all quarterly dividends were reinvested at the average of the closing stock prices at the beginning and end of the quarter. The total cumulative dollar returns shown on the graph represent the value that such investments would have had on August 31, 2015. Stockholder returns over the indicated period are based on historical data and should not be considered indicative of future stockholder returns.
| For the Years Ended August 31, | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
| FactSet Research Systems Inc. | $ | 215 | $ | 173 | $ | 139 | $ | 125 | $ | 120 | $ | 100 | ||||||||||||
| S&P 500 Index | $ | 188 | $ | 191 | $ | 156 | $ | 134 | $ | 116 | $ | 100 | ||||||||||||
| NYSE Composite Index | $ | 152 | $ | 165 | $ | 138 | $ | 120 | $ | 112 | $ | 100 | ||||||||||||
| Dow Jones U.S. Financial Services Index | $ | 187 | $ | 180 | $ | 151 | $ | 112 | $ | 99 | $ | 100 |
The information contained in the above graph shall not been deemed to be soliciting material or filed or incorporated by reference in future filings with the SEC, or subject to the liabilities of Section 18 of the Securities Exchange Act of 1934, except to the extent that FactSet specifically incorporates it by reference into a document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934.
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