Raub Brock Capital Management LP reduced its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 9.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 84,184 shares of the business services provider’s stock after selling 9,145 shares during the period. FactSet Research Systems comprises approximately 4.9% of Raub Brock Capital Management LP’s portfolio, making the stock its largest holding. Raub Brock Capital Management LP’s holdings in FactSet Research Systems were worth $24,124,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in FactSet Research Systems by 16.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 230,997 shares of the business services provider’s stock worth $46,230,000 after buying an additional 32,222 shares in the last quarter. Mackay Shields LLC acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $816,000. Candriam Luxembourg S.C.A. acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $400,000. Thrivent Financial for Lutherans raised its holdings in FactSet Research Systems by 6.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 9,737 shares of the business services provider’s stock valued at $1,949,000 after acquiring an additional 563 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in FactSet Research Systems by 51.7% in the 4th quarter. Millennium Management LLC now owns 31,953 shares of the business services provider’s stock valued at $6,395,000 after acquiring an additional 10,893 shares during the last quarter. Institutional investors own 93.94% of the company’s stock.
FDS stock traded up $5.75 during trading on Friday, reaching $283.56. 246,367 shares of the company were exchanged, compared to its average volume of 330,798. The stock has a market cap of $10.74 billion, a P/E ratio of 33.24, a P/E/G ratio of 2.74 and a beta of 1.00. FactSet Research Systems Inc. has a 52-week low of $188.31 and a 52-week high of $305.38. The firm’s 50 day moving average is $291.18. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.88.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, June 25th. The business services provider reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.25. The firm had revenue of $364.50 million for the quarter, compared to the consensus estimate of $359.25 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 64.19%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.18 earnings per share. Equities analysts expect that FactSet Research Systems Inc. will post 9.86 earnings per share for the current fiscal year.
FDS has been the subject of a number of recent research reports. DA Davidson downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a report on Monday, June 17th. UBS Group set a $13.00 price objective on shares of Freeport-McMoRan and gave the company a “hold” rating in a report on Wednesday, June 26th. Morgan Stanley cut their price objective on shares of Neon Therapeutics from $19.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $230.00 to $242.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Finally, Bank of America began coverage on shares of Guangshen Railway Co. Ltd ADR Class H in a report on Wednesday, June 26th. They issued an “underperform” rating for the company. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. FactSet Research Systems has an average rating of “Hold” and a consensus target price of $251.69.
In other FactSet Research Systems news, insider Brian G. Daly sold 473 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $294.17, for a total value of $139,142.41. Following the sale, the insider now owns 735 shares of the company’s stock, valued at $216,214.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip A. Hadley sold 42,600 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $291.48, for a total transaction of $12,417,048.00. Following the completion of the sale, the director now directly owns 599,991 shares in the company, valued at approximately $174,885,376.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,314 shares of company stock worth $21,472,950. 2.30% of the stock is owned by insiders.
FactSet Research Systems Company Profile
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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