State Treasurer State of Michigan boosted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,300 shares of the business services provider’s stock after buying an additional 200 shares during the period. State Treasurer State of Michigan’s holdings in FactSet Research Systems were worth $2,709,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bridgewater Associates LP increased its position in FactSet Research Systems by 1,214.4% in the first quarter. Bridgewater Associates LP now owns 18,401 shares of the business services provider’s stock worth $3,035,000 after buying an additional 17,001 shares in the last quarter. Doyle Wealth Management purchased a new position in FactSet Research Systems during the first quarter worth $735,000. Wendell David Associates Inc. increased its position in FactSet Research Systems by 0.3% in the first quarter. Wendell David Associates Inc. now owns 42,826 shares of the business services provider’s stock worth $7,062,000 after buying an additional 145 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in FactSet Research Systems by 330.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 24,966 shares of the business services provider’s stock worth $4,117,000 after buying an additional 19,169 shares in the last quarter. Finally, Reilly Financial Advisors LLC boosted its stake in shares of FactSet Research Systems by 1.6% in the first quarter. Reilly Financial Advisors LLC now owns 57,655 shares of the business services provider’s stock worth $9,508,000 after buying an additional 917 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.
FactSet Research Systems Inc. (NYSE:FDS) traded up 0.82% during mid-day trading on Wednesday, hitting $162.28. The company had a trading volume of 309,147 shares. The company has a 50-day moving average price of $165.39 and a 200 day moving average price of $168.30. The firm has a market capitalization of $6.37 billion, a P/E ratio of 18.92 and a beta of 0.95. FactSet Research Systems Inc. has a 12 month low of $150.95 and a 12 month high of $183.64.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, June 27th. The business services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. The company had revenue of $312.12 million during the quarter, compared to analysts’ expectations of $314.14 million. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. FactSet Research Systems’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 EPS. Equities analysts forecast that FactSet Research Systems Inc. will post $7.30 EPS for the current fiscal year.
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A number of analysts have commented on the company. UBS AG restated a “buy” rating and issued a $146.00 price target (down previously from $150.00) on shares of FactSet Research Systems in a research report on Friday, June 9th. Zacks Investment Research upgraded FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BidaskClub cut FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Stifel Nicolaus restated a “hold” rating and issued a $163.00 price target on shares of FactSet Research Systems in a research report on Tuesday, April 25th. Finally, Deutsche Bank AG assumed coverage on FactSet Research Systems in a research report on Wednesday, May 10th. They issued a “hold” rating and a $160.00 price target for the company. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $166.27.
In related news, EVP Scott G. Miller sold 17,074 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $165.78, for a total value of $2,830,527.72. Following the completion of the transaction, the executive vice president now owns 15,045 shares of the company’s stock, valued at approximately $2,494,160.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip A. Hadley sold 43,842 shares of the company’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $163.87, for a total value of $7,184,388.54. Following the completion of the transaction, the director now directly owns 666,494 shares of the company’s stock, valued at approximately $109,218,371.78. The disclosure for this sale can be found here. Insiders sold a total of 206,858 shares of company stock valued at $34,453,143 in the last ninety days. 2.70% of the stock is currently owned by insiders.
FactSet Research Systems Company Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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