SG Americas Securities LLC boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS – Get Rating) by 37.8% during the first quarter, Holdings Channel.com reports. The fund owned 1,700 shares of the business services provider's stock after acquiring an additional 466 shares during the period. SG Americas Securities LLC's holdings in FactSet Research Systems were worth $738,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. bought a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $19,489,000. Nomura Asset Management Co. Ltd. lifted its stake in FactSet Research Systems by 4.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,386 shares of the business services provider's stock worth $4,076,000 after purchasing an additional 394 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of FactSet Research Systems by 18.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 20,976 shares of the business services provider's stock valued at $10,116,000 after purchasing an additional 3,242 shares in the last quarter. Strategy Asset Managers LLC bought a new position in shares of FactSet Research Systems in the 1st quarter valued at $317,000. Finally, New York State Teachers Retirement System raised its holdings in shares of FactSet Research Systems by 0.5% during the 1st quarter. New York State Teachers Retirement System now owns 43,852 shares of the business services provider's stock worth $19,038,000 after buying an additional 210 shares in the last quarter. Institutional investors own 89.99% of the company's stock.
Get FactSet Research Systems alerts:Wall Street Analyst Weigh In
A number of research firms have issued reports on FDS. StockNews.com cut FactSet Research Systems from a "buy" rating to a "hold" rating in a research report on Sunday, June 26th. Credit Suisse Group decreased their price target on shares of FactSet Research Systems from $475.00 to $390.00 and set a "neutral" rating on the stock in a report on Friday, June 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of FactSet Research Systems from $102.00 to $418.00 and gave the company a "hold" rating in a research note on Friday, June 24th. Morgan Stanley decreased their target price on shares of FactSet Research Systems from $362.00 to $338.00 and set an "underweight" rating on the stock in a research note on Tuesday, June 21st. Finally, Royal Bank of Canada lowered their price target on shares of FactSet Research Systems from $525.00 to $475.00 and set an "outperform" rating for the company in a report on Friday, June 24th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $407.50.
Insiders Place Their Bets
In other news, CEO Frederick Philip Snow sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $370.95, for a total transaction of $927,375.00. Following the completion of the sale, the chief executive officer now owns 3,988 shares of the company's stock, valued at approximately $1,479,348.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Frederick Philip Snow sold 2,500 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $370.95, for a total transaction of $927,375.00. Following the transaction, the chief executive officer now owns 3,988 shares of the company's stock, valued at approximately $1,479,348.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Reeve sold 335 shares of the firm's stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $401.55, for a total value of $134,519.25. Following the completion of the sale, the executive vice president now owns 111 shares of the company's stock, valued at $44,572.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,407 shares of company stock worth $4,482,202. 0.83% of the stock is owned by corporate insiders.FactSet Research Systems Stock Down 0.4 %
FactSet Research Systems stock opened at $420.92 on Wednesday. The firm has a 50 day moving average price of $387.14 and a two-hundred day moving average price of $403.26. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.12 and a current ratio of 2.12. FactSet Research Systems Inc. has a 52-week low of $345.92 and a 52-week high of $495.39. The firm has a market cap of $15.99 billion, a price-to-earnings ratio of 41.31, a PEG ratio of 3.19 and a beta of 0.80.
FactSet Research Systems (NYSE:FDS – Get Rating) last issued its quarterly earnings results on Thursday, June 23rd. The business services provider reported $3.76 EPS for the quarter, beating analysts' consensus estimates of $3.18 by $0.58. FactSet Research Systems had a net margin of 22.41% and a return on equity of 44.24%. The business had revenue of $488.75 million for the quarter, compared to analysts' expectations of $476.06 million. During the same quarter in the prior year, the firm posted $2.72 earnings per share. Equities analysts predict that FactSet Research Systems Inc. will post 13.48 EPS for the current year.
FactSet Research Systems Company Profile
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FactSet Research Systems Inc, a financial data and analytics 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.
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