Marshall Wace North America L.P. Purchases Shares of 2,928 FactSet Research Systems Inc. (NYSE:FDS)

Marshall Wace North America L.P. acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,928 shares of the business services provider’s stock, valued at approximately $483,000.

A number of other hedge funds also recently made changes to their positions in the company. SRS Capital Advisors Inc. boosted its position in shares of FactSet Research Systems by 17.4% in the first quarter. SRS Capital Advisors Inc. now owns 891 shares of the business services provider’s stock valued at $147,000 after buying an additional 132 shares in the last quarter. Penobscot Investment Management Company Inc. boosted its position in shares of 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 valued at $209,000 after buying an additional 33 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of 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 valued at $215,000 after buying an additional 50 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of FactSet Research Systems during the first quarter valued at approximately $238,000. Finally, Cigna Investments Inc. New purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $249,000. 94.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of FactSet Research Systems Inc. (NYSE:FDS) traded up 0.15% during mid-day trading on Friday, reaching $164.99. 273,524 shares of the company traded hands. The stock has a market capitalization of $6.47 billion, a PE ratio of 19.24 and a beta of 0.95. The firm has a 50 day moving average of $165.59 and a 200-day moving average of $168.46. 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 results on Tuesday, June 27th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The company had revenue of $312.12 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 EPS. On average, equities research analysts expect that FactSet Research Systems Inc. will post $7.30 EPS for the current fiscal year.

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A number of equities analysts have commented on FDS shares. Zacks Investment Research raised shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. BidaskClub cut shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Stifel Nicolaus restated a “hold” rating and issued a $163.00 price objective on shares of FactSet Research Systems in a report on Tuesday. UBS AG restated a “buy” rating and issued a $146.00 price objective (down from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. Finally, Deutsche Bank AG started coverage on shares of FactSet Research Systems in a report on Wednesday, May 10th. They issued a “hold” rating and a $160.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $166.27.

In other news, EVP Scott G. Miller sold 17,074 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $165.78, for a total transaction of $2,830,527.72. Following the sale, the executive vice president now owns 15,045 shares of the company’s stock, valued at approximately $2,494,160.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip A. Hadley sold 43,842 shares of the firm’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 sale, the director now directly owns 666,494 shares in the company, 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 worth $34,453,143 in the last ninety days. 2.70% of the stock is owned by corporate 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.

Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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