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 (“NYSE”) 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 NYSE:
| First**** | Second**** | Third**** | Fourth**** | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2017 | ||||||||||||||||
| High | $ | 183.17 | $ | 183.64 | $ | 182.56 | $ | 172.22 | ||||||||
| Low | $ | 150.95 | $ | 157.56 | $ | 156.92 | $ | 155.09 | ||||||||
| 2016 | ||||||||||||||||
| High | $ | 177.28 | $ | 173.77 | $ | 160.34 | $ | 179.73 | ||||||||
| Low | $ | 153.00 | $ | 135.95 | $ | 143.08 | $ | 149.39 |
Holders of Record – As of October 25, 2017, there were approximately 156,748 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 25, 2017, was $188.20 per share as reported on the NYSE.
Dividends - In fiscal 2017, 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, 2017 | $ | 0.56 | Regular (cash) | August 31, 2017 | $ | 21,853 | September 19, 2017 | ||||
| May 5, 2017(1) | $ | 0.56 | Regular (cash) | May 31, 2017 | $ | 21,951 | June 20, 2017 | ||||
| February 6, 2017 | $ | 0.50 | Regular (cash) | February 28, 2017 | $ | 19,709 | March 21, 2017 | ||||
| November 10, 2016 | $ | 0.50 | Regular (cash) | November 30, 2016 | $ | 19,852 | December 20, 2016 |
| (1) | On May 5_, 201__7__,_ FactSet’s Board of Directors approved a 12.0_% increase in the regular quarterly dividend beginning with the dividend payment in June 201__7_ which was $0.5__6 _per share, or $2._24 per share per an__num. |
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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 2017.
| (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, 2017 (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 2017 | — | — | — | $ | 288,195 | |||||||||||
| July 2017 | 205,000 | $ | 164.07 | 205,000 | $ | 254,561 | ||||||||||
| August 2017 | 65,000 | $ | 160.76 | 65,000 | $ | 244,111 | ||||||||||
| 270,000 | 270,000 |
| (1) | Repurchases may b__e 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 u__nder 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, 2017, for its 2017 Annual Meeting of Stockholders.
Stock P****erformance G****raph
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, 2012. The total cumulative dollar returns shown on the graph represent the value that such investments would have had on August 31, 2017. Stockholder returns over the indicated period are based on historical data and should not be considered indicative of future stockholder returns.
| 2012**** | 2013**** | 2014**** | 2015**** | 2016**** | 2017**** | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FactSet Research Systems Inc. | $ | 100 | $ | 112 | $ | 140 | $ | 173 | $ | 195 | $ | 172 | ||||||||||||
| S&P 500 Index | $ | 100 | $ | 117 | $ | 143 | $ | 141 | $ | 155 | $ | 177 | ||||||||||||
| NYSE Composite Index | $ | 100 | $ | 116 | $ | 139 | $ | 128 | $ | 135 | $ | 149 | ||||||||||||
| Dow Jones U.S. Financial Services Index | $ | 100 | $ | 136 | $ | 162 | $ | 168 | $ | 170 | $ | 213 |
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 f__iled under the Securities Act of 1933 or the Securities Exchange Act of 1934.
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