Kingsview Wealth Management LLC Grows Holdings in FactSet Research Systems Inc. $FDS

Kingsview Wealth Management LLC grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1,178.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,765 shares of the business services provider’s stock after purchasing an additional 25,593 shares during the period. Kingsview Wealth Management LLC’s holdings in FactSet Research Systems were worth $8,057,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of FactSet Research Systems by 444,058.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock valued at $4,021,376,000 after buying an additional 13,854,613 shares during the last quarter. M&T Bank Corp boosted its position in FactSet Research Systems by 3,285.3% during the fourth quarter. M&T Bank Corp now owns 307,923 shares of the business services provider’s stock worth $89,356,000 after acquiring an additional 298,827 shares during the last quarter. Two Sigma Investments LP boosted its position in FactSet Research Systems by 1,356.3% during the third quarter. Two Sigma Investments LP now owns 279,768 shares of the business services provider’s stock worth $80,151,000 after acquiring an additional 260,557 shares during the last quarter. Barclays PLC grew its stake in FactSet Research Systems by 159.3% in the 3rd quarter. Barclays PLC now owns 272,535 shares of the business services provider’s stock worth $78,079,000 after acquiring an additional 167,424 shares during the period. Finally, ProShare Advisors LLC grew its stake in FactSet Research Systems by 36.8% in the 4th quarter. ProShare Advisors LLC now owns 559,500 shares of the business services provider’s stock worth $162,361,000 after acquiring an additional 150,448 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

NYSE FDS opened at $238.68 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43. FactSet Research Systems Inc. has a 1-year low of $185.00 and a 1-year high of $465.81. The firm has a market capitalization of $8.70 billion, a P/E ratio of 15.35, a P/E/G ratio of 2.05 and a beta of 0.69. The business’s 50-day simple moving average is $221.01 and its 200-day simple moving average is $244.77.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The firm had revenue of $611.02 million during the quarter, compared to the consensus estimate of $604.78 million. During the same quarter in the prior year, the company earned $4.28 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Equities analysts predict that FactSet Research Systems Inc. will post 17.65 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 29th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, May 29th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a dividend yield of 1.9%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 28.30%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. The Goldman Sachs Group lowered their price objective on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a research report on Wednesday, April 1st. Wells Fargo & Company upped their target price on FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Wednesday, April 1st. UBS Group reduced their target price on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Royal Bank Of Canada decreased their price target on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $279.62.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.