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

Key Points

• Kingsview Wealth Management dramatically increased its FactSet Research Systems stake in the fourth quarter, boosting holdings by 1,178.3% to 27,765 shares worth about $8.06 million.
• FactSet reported better-than-expected quarterly results, posting EPS of $4.46 versus $4.37 expected and revenue of $611.02 million, up 7.1% year over year.
• The company also raised its quarterly dividend to $1.16 per share from $1.10, while analysts currently have a consensus rating of “Reduce” with a target price of $279.62.

Kingsview Wealth Management LLC raised its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1,178.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,765 shares of the business services provider's stock after buying an additional 25,593 shares during the quarter. Kingsview Wealth Management LLC owned about 0.07% of FactSet Research Systems worth $8,057,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings 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 acquiring an additional 13,854,613 shares in the last quarter. Vanguard Group Inc. raised its holdings in FactSet Research Systems by 2.2% during the third quarter. Vanguard Group Inc. now owns 4,932,382 shares of the business services provider's stock worth $1,413,078,000 after purchasing an additional 107,184 shares in the last quarter. State Street Corp lifted its position in FactSet Research Systems by 1.2% in the third quarter. State Street Corp now owns 1,961,231 shares of the business services provider's stock valued at $561,873,000 after purchasing an additional 23,660 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in FactSet Research Systems by 3.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 856,039 shares of the business services provider's stock valued at $245,247,000 after purchasing an additional 26,865 shares during the period. Finally, Invesco Ltd. boosted its holdings in FactSet Research Systems by 16.2% in the 3rd quarter. Invesco Ltd. now owns 793,832 shares of the business services provider's stock valued at $227,425,000 after purchasing an additional 110,686 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $238.68 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $8.70 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 2.05 and a beta of 0.69. The firm has a 50-day moving average price of $221.01 and a two-hundred day moving average price of $244.77. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $465.81.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. During the same quarter in the prior year, the firm earned $4.28 earnings per share. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.65 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.16 per share. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.10. The ex-dividend date is Friday, May 29th. This represents a $4.64 dividend on an annualized basis and a yield of 1.9%. FactSet Research Systems's payout ratio is currently 28.30%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. UBS Group dropped 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. The Goldman Sachs Group decreased their price target on FactSet Research Systems from $253.00 to $217.00 and set a "sell" rating on the stock in a research note on Wednesday, April 1st. Bank of America started coverage on FactSet Research Systems in a research report on Tuesday, February 17th. They issued an "underperform" rating and a $195.00 price objective for the company. Weiss Ratings reissued a "sell (d+)" rating on shares of FactSet Research Systems in a report on Friday, March 27th. Finally, Wells Fargo & Company boosted their target price on shares of FactSet Research Systems from $195.00 to $200.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus 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.

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