Klein Pavlis & Peasley Financial Inc. Decreases Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Klein Pavlis & Peasley Financial Inc. lessened its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,796 shares of the business services provider’s stock after selling 22 shares during the quarter. Klein Pavlis & Peasley Financial Inc.’s holdings in FactSet Research Systems were worth $863,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC purchased a new stake in FactSet Research Systems in the third quarter worth approximately $26,000. Capital Performance Advisors LLP purchased a new position in shares of FactSet Research Systems in the 3rd quarter worth $34,000. Brooklyn Investment Group bought a new stake in shares of FactSet Research Systems in the third quarter worth $35,000. Exchange Traded Concepts LLC increased its position in FactSet Research Systems by 581.8% during the third quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 128 shares during the last quarter. Finally, Coastline Trust Co bought a new position in FactSet Research Systems in the third quarter valued at about $78,000. 91.24% of the stock is currently owned by institutional investors.

Insider Transactions at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now directly owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley upped their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Stifel Nicolaus increased their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. BMO Capital Markets reduced their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $453.46.

FactSet Research Systems Price Performance

NYSE FDS opened at $468.60 on Thursday. The company has a market cap of $17.82 billion, a PE ratio of 33.59, a P/E/G ratio of 2.98 and a beta of 0.77. The firm’s 50 day moving average price is $475.28 and its 200-day moving average price is $455.71. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. 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 announced its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same period in the previous year, the company posted $4.12 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $1.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.89%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.82%.

FactSet Research Systems Profile

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.