Kinsale Capital Group Inc. Invests $5.15 Million in FactSet Research Systems Inc. $FDS

Kinsale Capital Group Inc. purchased a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,749 shares of the business services provider’s stock, valued at approximately $5,151,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Corp acquired a new position in shares of FactSet Research Systems during the 3rd quarter worth $25,000. Cromwell Holdings LLC acquired a new position in shares of FactSet Research Systems during the 4th quarter worth $26,000. WPG Advisers LLC grew its stake in shares of FactSet Research Systems by 76.9% during the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after purchasing an additional 40 shares during the period. Winnow Wealth LLC acquired a new position in shares of FactSet Research Systems during the 3rd quarter worth $28,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of FactSet Research Systems by 188.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada lowered their price target on shares of FactSet Research Systems from $320.00 to $243.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Friday, March 27th. Bank of America assumed coverage on shares of FactSet Research Systems in a research report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price objective on the stock. Barclays decreased their price objective on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research report on Monday, February 23rd. Finally, UBS Group decreased their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $279.85.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $212.49 on Friday. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $474.79. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. The firm’s 50-day simple moving average is $218.03 and its 200 day simple moving average is $247.41. The firm has a market capitalization of $7.74 billion, a PE ratio of 13.67, a P/E/G ratio of 1.85 and a beta of 0.69.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, topping 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 business had revenue of $611.02 million for the quarter, compared to analyst estimates of $604.78 million. During the same period in the previous year, the firm earned $4.28 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company 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 $1.16 dividend. This is a positive change 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 2.2%. FactSet Research Systems’s payout ratio is currently 28.30%.

About FactSet Research Systems

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.