Kingsview Wealth Management LLC Reduces Position in FactSet Research Systems Inc. (NYSE:FDS)

Kingsview Wealth Management LLC lowered its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 5.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,798 shares of the business services provider’s stock after selling 173 shares during the period. Kingsview Wealth Management LLC’s holdings in FactSet Research Systems were worth $1,287,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Cerity Partners LLC raised its position in shares of FactSet Research Systems by 164.0% in the 3rd quarter. Cerity Partners LLC now owns 5,124 shares of the business services provider’s stock valued at $2,356,000 after purchasing an additional 3,183 shares in the last quarter. Great Valley Advisor Group Inc. acquired a new stake in FactSet Research Systems in the third quarter valued at $224,000. Meridian Wealth Management LLC bought a new position in FactSet Research Systems during the 3rd quarter valued at $321,000. Icon Wealth Advisors LLC raised its stake in shares of FactSet Research Systems by 1,068.3% in the 3rd quarter. Icon Wealth Advisors LLC now owns 4,416 shares of the business services provider’s stock valued at $2,031,000 after purchasing an additional 4,038 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of FactSet Research Systems by 2.3% in the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,380,259.85. This represents a 18.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,984 shares of company stock worth $12,230,877 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

Shares of NYSE:FDS opened at $490.89 on Wednesday. The firm’s 50 day moving average is $466.79 and its two-hundred day moving average is $435.99. The firm has a market capitalization of $18.65 billion, a P/E ratio of 35.32, a PEG ratio of 3.13 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same period last year, the firm earned $2.93 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s payout ratio is currently 29.93%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FDS shares. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, November 15th. UBS Group upped their price target on 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 lifted their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Finally, Evercore ISI began coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price for the company. Five investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $450.00.

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.