FactSet Research Systems Inc. (FDS) Shares Gap Up to $172.99
FactSet Research Systems Inc. (NYSE:FDS) gapped up prior to trading on Friday . The stock had previously closed at $172.33, but opened at $172.99. FactSet Research Systems shares last traded at $174.59, with a volume of 105,785 shares changing hands.
FDS has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Sterne Agee CRT reaffirmed a “neutral” rating on shares of FactSet Research Systems in a report on Monday, May 16th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of FactSet Research Systems in a report on Wednesday, June 29th. Morgan Stanley reaffirmed a “hold” rating and issued a $161.00 target price on shares of FactSet Research Systems in a report on Thursday, June 30th. Finally, Credit Suisse Group AG initiated coverage on shares of FactSet Research Systems in a report on Monday, July 11th. They issued an “outperform” rating and a $182.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $167.00.
The company has a 50-day moving average of $164.72 and a 200 day moving average of $154.79. The firm has a market cap of $7.08 billion and a P/E ratio of 28.28.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, June 28th. The company reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.03. The company earned $287.50 million during the quarter. During the same period in the previous year, the business earned $1.46 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. Equities analysts predict that FactSet Research Systems Inc. will post $6.34 EPS for the current fiscal year.
In other FactSet Research Systems news, Director Joseph E. Laird, Jr. sold 1,000 shares of the company’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $165.00, for a total value of $165,000.00. Following the completion of the transaction, the director now directly owns 2,500 shares in the company, valued at approximately $412,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Other hedge funds and institutional investors recently modified their holdings of the company. Brown Advisory Inc. raised its position in shares of FactSet Research Systems by 1.8% in the fourth quarter. Brown Advisory Inc. now owns 7,466 shares of the company’s stock valued at $1,214,000 after buying an additional 135 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of FactSet Research Systems by 15.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 8,337 shares of the company’s stock valued at $1,355,000 after buying an additional 1,125 shares during the last quarter. US Bancorp DE raised its position in shares of FactSet Research Systems by 78.0% in the fourth quarter. US Bancorp DE now owns 20,907 shares of the company’s stock valued at $3,399,000 after buying an additional 9,163 shares during the last quarter. I.G. Investment Management LTD. raised its position in shares of FactSet Research Systems by 2,163.5% in the fourth quarter. I.G. Investment Management LTD. now owns 45,383 shares of the company’s stock valued at $7,378,000 after buying an additional 43,378 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of FactSet Research Systems during the fourth quarter valued at about $13,622,000.
FactSet Research Systems Inc (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S., Europe and Asia Pacific. Sales, consulting, data collection, product development and software engineering are the primary functional groups within the U.S., Europe and Asia Pacific segments that provide global financial and economic information to investment managers, investment banks and other financial services professionals.
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