KFG Wealth Management LLC Has $447,000 Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

KFG Wealth Management LLC cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 936 shares of the business services provider’s stock after selling 26 shares during the quarter. KFG Wealth Management LLC’s holdings in FactSet Research Systems were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FDS. American Century Companies Inc. increased its stake in shares of FactSet Research Systems by 10.8% in the first quarter. American Century Companies Inc. now owns 3,246 shares of the business services provider’s stock worth $1,409,000 after acquiring an additional 317 shares during the last quarter. Panagora Asset Management Inc. increased its position in FactSet Research Systems by 9.3% during the first quarter. Panagora Asset Management Inc. now owns 2,236 shares of the business services provider’s stock worth $971,000 after buying an additional 190 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in FactSet Research Systems by 7.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,057 shares of the business services provider’s stock worth $2,195,000 after buying an additional 332 shares during the last quarter. Cibc World Market Inc. increased its position in FactSet Research Systems by 4.2% during the first quarter. Cibc World Market Inc. now owns 897 shares of the business services provider’s stock worth $389,000 after buying an additional 36 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in FactSet Research Systems by 49.5% during the first quarter. Vontobel Holding Ltd. now owns 1,051 shares of the business services provider’s stock worth $463,000 after buying an additional 348 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FDS shares. Barclays reissued an “equal weight” rating and set a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. The Goldman Sachs Group increased their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets raised their price target on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. Finally, Wolfe Research began coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price for the company. Three equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Hold” and an average target price of $442.70.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

FactSet Research Systems Trading Up 1.1 %

FDS traded up $4.75 during trading on Friday, reaching $434.21. 296,800 shares of the company’s stock were exchanged, compared to its average volume of 239,979. The company’s fifty day moving average price is $455.36 and its 200-day moving average price is $455.79. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. FactSet Research Systems Inc. has a fifty-two week low of $380.96 and a fifty-two week high of $488.64. The firm has a market capitalization of $16.55 billion, a PE ratio of 34.44, a P/E/G ratio of 2.64 and a beta of 0.72.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The firm had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 15.83 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were given a $0.98 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 annualized dividend and a yield of 0.90%. FactSet Research Systems’s dividend payout ratio is currently 31.04%.

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.