Kingsview Wealth Management LLC Sells 66 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Kingsview Wealth Management LLC trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,732 shares of the business services provider’s stock after selling 66 shares during the period. Kingsview Wealth Management LLC’s holdings in FactSet Research Systems were worth $1,312,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of FactSet Research Systems by 25.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,776 shares of the business services provider’s stock worth $2,294,000 after acquiring an additional 956 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of FactSet Research Systems by 5.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 88,485 shares of the business services provider’s stock worth $42,498,000 after acquiring an additional 4,403 shares during the last quarter. Financial Advocates Investment Management lifted its holdings in shares of FactSet Research Systems by 4.0% during the 4th quarter. Financial Advocates Investment Management now owns 1,054 shares of the business services provider’s stock worth $506,000 after acquiring an additional 41 shares during the last quarter. Choreo LLC lifted its holdings in shares of FactSet Research Systems by 12.0% during the 4th quarter. Choreo LLC now owns 665 shares of the business services provider’s stock worth $321,000 after acquiring an additional 71 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of FactSet Research Systems by 5.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,814 shares of the business services provider’s stock worth $9,094,000 after acquiring an additional 932 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. UBS Group lifted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. BMO Capital Markets decreased their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Finally, Wells Fargo & Company decreased their target price on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $453.23.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS opened at $454.42 on Wednesday. The company has a market cap of $17.28 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 2.95 and a beta of 0.77. The company has a 50-day moving average price of $473.15 and a 200-day moving average price of $457.33. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.25 by $0.12. The firm had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.12 earnings per share. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s payout ratio 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.