FactSet Research Systems Inc. (FDS) Shares Bought by Dock Street Asset Management Inc.
Dock Street Asset Management Inc. grew its stake in FactSet Research Systems Inc. (NYSE:FDS) by 14.7% in the fourth quarter, Holdings Channel reports. The fund owned 44,786 shares of the business services provider’s stock after acquiring an additional 5,753 shares during the period. FactSet Research Systems accounts for 3.3% of Dock Street Asset Management Inc.’s holdings, making the stock its 12th largest position. Dock Street Asset Management Inc.’s holdings in FactSet Research Systems were worth $8,633,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nomura Holdings Inc. grew its position in shares of FactSet Research Systems by 113.3% during the 2nd quarter. Nomura Holdings Inc. now owns 3,066 shares of the business services provider’s stock worth $510,000 after buying an additional 26,180 shares during the period. Parsec Financial Management Inc. acquired a new stake in shares of FactSet Research Systems during the 3rd quarter worth approximately $1,395,000. Jane Street Group LLC acquired a new position in FactSet Research Systems during the third quarter valued at approximately $485,000. BB&T Investment Services Inc. acquired a new position in FactSet Research Systems during the second quarter valued at approximately $689,000. Finally, Tandem Investment Advisors Inc. acquired a new position in FactSet Research Systems during the second quarter valued at approximately $9,029,000. 93.97% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on FDS. Northcoast Research cut shares of FactSet Research Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. Zacks Investment Research cut shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Goldman Sachs Group began coverage on shares of FactSet Research Systems in a report on Wednesday, November 8th. They set a “neutral” rating and a $194.00 price objective for the company. Wells Fargo & Co set a $185.00 price objective on shares of FactSet Research Systems and gave the company a “hold” rating in a report on Wednesday, December 20th. Finally, Credit Suisse Group restated an “outperform” rating and set a $205.00 price objective (up previously from $200.00) on shares of FactSet Research Systems in a report on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $183.46.
FactSet Research Systems Inc. (NYSE FDS) traded down $2.45 during trading on Monday, hitting $206.24. 20,798 shares of the stock traded hands, compared to its average volume of 321,538. The firm has a market capitalization of $8,143.89, a PE ratio of 31.48, a PEG ratio of 2.28 and a beta of 0.97. FactSet Research Systems Inc. has a 12 month low of $155.09 and a 12 month high of $209.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.64 and a quick ratio of 2.64.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, December 19th. The business services provider reported $2.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.06. The company had revenue of $329.10 million during the quarter, compared to analysts’ expectations of $330.49 million. FactSet Research Systems had a net margin of 20.76% and a return on equity of 54.65%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.75 earnings per share. equities research analysts forecast that FactSet Research Systems Inc. will post 8.34 EPS for the current fiscal year.
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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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