Citrix Systems, Inc. (NASDAQ:CTXS) declared a quarterly dividend on Friday, January 24th, Wall Street Journal reports. Stockholders of record on Friday, March 6th will be paid a dividend of 0.35 per share by the cloud computing company on Friday, March 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, March 5th.
Citrix Systems has a payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citrix Systems to earn $4.07 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 34.4%.
Shares of Citrix Systems stock opened at $128.26 on Friday. Citrix Systems has a 52-week low of $90.28 and a 52-week high of $130.55. The stock has a market capitalization of $16.70 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 5.37 and a beta of 1.04. The company has a fifty day moving average of $113.12 and a 200-day moving average of $103.45. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.73 and a current ratio of 0.74.
In related news, CEO David J. Henshall sold 6,355 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $109.07, for a total value of $693,139.85. Following the completion of the transaction, the chief executive officer now directly owns 339,156 shares in the company, valued at approximately $36,991,744.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David J. Henshall sold 4,250 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $112.48, for a total transaction of $478,040.00. Following the completion of the transaction, the chief executive officer now owns 334,906 shares of the company’s stock, valued at $37,670,226.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,943 shares of company stock valued at $3,863,160. 0.54% of the stock is owned by company insiders.
A number of brokerages have recently issued reports on CTXS. BidaskClub raised shares of Citrix Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday. ValuEngine cut shares of Citrix Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Co upped their price objective on shares of Citrix Systems from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley upped their price objective on shares of Citrix Systems from $110.00 to $113.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Deutsche Bank upped their price objective on shares of Citrix Systems from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $121.44.
About Citrix Systems
Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
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