FactSet Research Systems Inc. (FDS) Shares Gap Up to $172.99
Shares of FactSet Research Systems Inc. (NYSE:FDS) gapped up before the market opened 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.
Several research firms have recently commented on FDS. Cantor Fitzgerald reaffirmed a “hold” rating on shares of FactSet Research Systems in a research report on Wednesday, June 29th. Zacks Investment Research raised FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. Credit Suisse Group AG began coverage on FactSet Research Systems in a research report on Monday, July 11th. They issued an “outperform” rating and a $182.00 target price on the stock. Morgan Stanley reissued a “hold” rating and issued a $161.00 target price on shares of FactSet Research Systems in a research report on Thursday, June 30th. Finally, Sterne Agee CRT reissued a “neutral” rating on shares of FactSet Research Systems in a research report on Monday, May 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $167.00.
The company has a 50-day moving average price of $164.72 and a 200 day moving average price of $154.79. The stock has a market capitalization of $7.08 billion and a PE ratio of 28.28.
FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, June 28th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.03. During the same quarter in the prior year, the business posted $1.46 EPS. The firm had revenue of $287.50 million for the quarter. The business’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that FactSet Research Systems Inc. will post $6.34 EPS for the current year.
In related news, Director Joseph E. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $161.00, for a total transaction of $161,000.00. Following the sale, the director now owns 3,500 shares in the company, valued at $563,500. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Other hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake 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 worth $1,355,000 after buying an additional 1,125 shares during the period. US Bancorp DE increased its position in FactSet Research Systems by 78.0% in the fourth quarter. US Bancorp DE now owns 20,907 shares of the company’s stock worth $3,399,000 after buying an additional 9,163 shares in the last quarter. I.G. Investment Management LTD. increased its position in 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 worth $7,378,000 after buying an additional 43,378 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in FactSet Research Systems during the fourth quarter worth $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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