OppenheimerFunds Inc. increased its position in FactSet Research Systems Inc. (NYSE:FDS) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,593 shares of the business services provider’s stock after buying an additional 164 shares during the period. OppenheimerFunds Inc.’s holdings in FactSet Research Systems were worth $263,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Genesee Valley Trust Co. increased its stake in FactSet Research Systems by 1.4% in the first quarter. Genesee Valley Trust Co. now owns 2,071 shares of the business services provider’s stock worth $341,000 after buying an additional 28 shares in the last quarter. Penobscot Investment Management Company Inc. increased its stake in FactSet Research Systems by 2.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 1,270 shares of the business services provider’s stock worth $209,000 after buying an additional 33 shares in the last quarter. Intrust Bank NA increased its stake in FactSet Research Systems by 2.1% in the first quarter. Intrust Bank NA now owns 1,930 shares of the business services provider’s stock worth $318,000 after buying an additional 40 shares in the last quarter. Suntrust Banks Inc. increased its stake in FactSet Research Systems by 4.0% in the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock worth $215,000 after buying an additional 50 shares in the last quarter. Finally, Mason Street Advisors LLC increased its stake in FactSet Research Systems by 0.3% in the first quarter. Mason Street Advisors LLC now owns 18,692 shares of the business services provider’s stock worth $3,082,000 after buying an additional 54 shares in the last quarter. 94.50% of the stock is currently owned by hedge funds and other institutional investors.
FactSet Research Systems Inc. (FDS) opened at 164.88 on Friday. The stock has a 50 day moving average of $165.68 and a 200-day moving average of $168.39. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 19.23 and a beta of 0.95. FactSet Research Systems Inc. has a 52-week low of $150.95 and a 52-week high of $183.64.
FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, June 27th. The business services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. FactSet Research Systems had a net margin of 29.02% and a return on equity of 55.72%. The company had revenue of $312.12 million during the quarter, compared to analyst estimates of $314.14 million. During the same period in the prior year, the firm earned $1.64 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts expect that FactSet Research Systems Inc. will post $7.30 EPS for the current year.
A number of research firms recently commented on FDS. UBS AG reissued a “buy” rating and set a $146.00 price objective (down previously from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. Zacks Investment Research upgraded shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BidaskClub cut shares of 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 set a $163.00 target price on shares of FactSet Research Systems in a research report on Tuesday, April 25th. Finally, Deutsche Bank AG initiated coverage on shares of FactSet Research Systems in a research report on Wednesday, May 10th. They set a “hold” rating and a $160.00 target price for the company. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $166.27.
In other news, Director Joseph E. Laird, Jr. sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $166.00, for a total value of $166,000.00. Following the completion of the sale, the director now directly owns 9,000 shares of the company’s stock, valued at $1,494,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip A. Hadley sold 100,017 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $168.99, for a total transaction of $16,901,872.83. Following the completion of the sale, the director now directly owns 761,436 shares of the company’s stock, valued at $128,675,069.64. The disclosure for this sale can be found here. Insiders have sold 206,858 shares of company stock valued at $34,453,143 over the last ninety days. Insiders own 2.70% of the company’s stock.
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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