AdvisorShares Investments LLC increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS – Get Rating) by 9.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,903 shares of the business services provider's stock after purchasing an additional 244 shares during the period. AdvisorShares Investments LLC's holdings in FactSet Research Systems were worth $1,260,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. State Street Corp raised its holdings in FactSet Research Systems by 27.5% in the 4th quarter. State Street Corp now owns 1,955,530 shares of the business services provider's stock valued at $950,407,000 after acquiring an additional 421,362 shares during the last quarter. Geode Capital Management LLC raised its holdings in FactSet Research Systems by 40.1% in the 4th quarter. Geode Capital Management LLC now owns 827,816 shares of the business services provider's stock valued at $401,813,000 after acquiring an additional 236,744 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in FactSet Research Systems by 98.3% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 284,262 shares of the business services provider's stock valued at $138,154,000 after acquiring an additional 140,946 shares during the last quarter. Invesco Ltd. raised its holdings in FactSet Research Systems by 103.6% in the 4th quarter. Invesco Ltd. now owns 240,740 shares of the business services provider's stock valued at $117,002,000 after acquiring an additional 122,485 shares during the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in FactSet Research Systems by 179.4% in the 1st quarter. AustralianSuper Pty Ltd now owns 178,785 shares of the business services provider's stock valued at $77,620,000 after acquiring an additional 114,793 shares during the last quarter. 89.99% of the stock is currently owned by institutional investors and hedge funds.
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Several analysts have recently issued reports on FDS shares. Barclays lowered their price objective on shares of FactSet Research Systems from $550.00 to $440.00 and set an "overweight" rating for the company in a research note on Friday, June 24th. Credit Suisse Group lowered their price objective on shares of FactSet Research Systems from $475.00 to $390.00 and set a "neutral" rating for the company in a research note on Friday, June 24th. Royal Bank of Canada lowered their price objective on shares of FactSet Research Systems from $525.00 to $475.00 and set an "outperform" rating for the company in a research note on Friday, June 24th. Deutsche Bank Aktiengesellschaft boosted 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. Finally, Stifel Nicolaus lowered their price objective on shares of FactSet Research Systems from $432.00 to $394.00 and set a "hold" rating for the company in a research note on Friday, June 24th. Three investment 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. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $407.50.
Insider Activity
In other news, CEO Frederick Philip Snow sold 2,500 shares of the company's stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $370.95, for a total value of $927,375.00. Following the sale, the chief executive officer now owns 3,988 shares in the company, valued at approximately $1,479,348.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related 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 sale, the chief executive officer now owns 3,988 shares in the company, valued at $1,479,348.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sheila B. Jordan sold 2,572 shares of the stock in a transaction dated Tuesday, June 28th. The stock was sold at an average price of $391.15, for a total transaction of $1,006,037.80. Following the sale, the director now owns 177 shares in the company, valued at approximately $69,233.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,407 shares of company stock worth $4,482,202. 0.83% of the stock is currently owned by corporate insiders.FactSet Research Systems Stock Down 1.4 %
NYSE:FDS traded down $5.80 on Friday, reaching $418.98. The stock had a trading volume of 1,189 shares, compared to its average volume of 194,761. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average of $389.10 and a 200 day moving average of $403.38. The stock has a market cap of $15.91 billion, a P/E ratio of 41.69, a price-to-earnings-growth ratio of 3.13 and a beta of 0.80. FactSet Research Systems Inc. has a 12-month low of $345.92 and a 12-month high of $495.39.
FactSet Research Systems (NYSE:FDS – Get Rating) last posted its quarterly earnings data on Thursday, June 23rd. The business services provider reported $3.76 earnings per share for the quarter, beating analysts' consensus estimates of $3.18 by $0.58. The company had revenue of $488.75 million during the quarter, compared to analysts' expectations of $476.06 million. FactSet Research Systems had a net margin of 22.41% and a return on equity of 44.24%. During the same period in the prior year, the company posted $2.72 EPS. On average, research analysts predict that FactSet Research Systems Inc. will post 13.48 earnings per share 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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