KFG Wealth Management LLC Purchases 59 Shares of FactSet Research Systems Inc. (NYSE:FDS)

KFG Wealth Management LLC grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,126 shares of the business services provider’s stock after buying an additional 59 shares during the quarter. KFG Wealth Management LLC’s holdings in FactSet Research Systems were worth $541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in FactSet Research Systems during the third quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in shares of FactSet Research Systems during the third quarter worth approximately $34,000. Brooklyn Investment Group bought a new position in shares of FactSet Research Systems during the third quarter worth approximately $35,000. Quarry LP acquired a new stake in shares of FactSet Research Systems in the second quarter valued at approximately $62,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of FactSet Research Systems by 581.8% in the third quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Activity

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the sale, the insider now owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, December 20th. UBS Group boosted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Stifel Nicolaus increased their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Evercore ISI initiated coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective for the company. Finally, BMO Capital Markets cut their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $453.46.

FactSet Research Systems Trading Up 0.5 %

Shares of FDS stock opened at $466.63 on Friday. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The stock’s fifty day simple moving average is $477.77 and its 200 day simple moving average is $453.37. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $17.75 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.92 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same period last year, the firm posted $4.12 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.89%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

About FactSet Research Systems

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.