First Quadrant L P CA Has $3.76 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

First Quadrant L P CA decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,127 shares of the business services provider’s stock after selling 335 shares during the quarter. First Quadrant L P CA’s holdings in FactSet Research Systems were worth $3,762,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Daiwa Securities Group Inc. bought a new stake in FactSet Research Systems in the 2nd quarter valued at $415,000. WBI Investments Inc. bought a new stake in FactSet Research Systems in the 2nd quarter valued at $2,375,000. State of Alaska Department of Revenue boosted its stake in FactSet Research Systems by 62.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,088 shares of the business services provider’s stock valued at $2,031,000 after purchasing an additional 2,725 shares during the period. FDx Advisors Inc. bought a new stake in FactSet Research Systems in the 2nd quarter valued at $380,000. Finally, Hanseatic Management Services Inc. bought a new stake in FactSet Research Systems in the 2nd quarter valued at $307,000. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:FDS traded down $0.84 during trading on Friday, reaching $278.59. 328,817 shares of the company traded hands, compared to its average volume of 357,806. The business’s 50 day moving average price is $289.01. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 2.75 and a beta of 1.00. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.87 and a quick ratio of 2.87. FactSet Research Systems Inc. has a 52 week low of $188.31 and a 52 week high of $305.38.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, June 25th. The business services provider reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.25. The firm had revenue of $364.50 million during the quarter, compared to the consensus estimate of $359.25 million. FactSet Research Systems had a return on equity of 64.19% and a net margin of 23.30%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.18 EPS. As a group, sell-side analysts forecast that FactSet Research Systems Inc. will post 9.86 EPS for the current fiscal year.

In related news, Director Philip A. Hadley sold 42,600 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Philip A. Hadley sold 25,000 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $285.60, for a total value of $7,140,000.00. Following the sale, the director now owns 542,368 shares of the company’s stock, valued at $154,900,300.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,128 shares of company stock valued at $21,146,041. Corporate insiders own 2.30% of the company’s stock.

Several research firms recently issued reports on FDS. Goldman Sachs Group downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price target for the company from $256.00 to $246.00 in a research note on Thursday, June 27th. Stifel Nicolaus boosted their price target on FactSet Research Systems from $230.00 to $242.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. Barclays restated a “hold” rating and issued a $275.00 price target on shares of FactSet Research Systems in a research note on Monday, May 6th. Bank of America boosted their price target on FactSet Research Systems from $290.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, June 26th. Finally, Credit Suisse Group restated a “hold” rating on shares of FactSet Research Systems in a research note on Monday, July 8th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $251.69.

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

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