Cambridge Trust Co. lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 77.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,221 shares of the business services provider’s stock after selling 18,310 shares during the period. Cambridge Trust Co.’s holdings in FactSet Research Systems were worth $868,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Bridgewater Associates LP increased its position in shares of FactSet Research Systems by 1,214.4% in the first quarter. Bridgewater Associates LP now owns 18,401 shares of the business services provider’s stock valued at $3,035,000 after buying an additional 17,001 shares in the last quarter. Doyle Wealth Management purchased a new position in shares of FactSet Research Systems during the first quarter valued at $735,000. Wendell David Associates Inc. increased its position in shares of FactSet Research Systems by 0.3% in the first quarter. Wendell David Associates Inc. now owns 42,826 shares of the business services provider’s stock valued at $7,062,000 after buying an additional 145 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of FactSet Research Systems by 330.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 24,966 shares of the business services provider’s stock valued at $4,117,000 after buying an additional 19,169 shares in the last quarter. Finally, Reilly Financial Advisors LLC increased its position in shares of FactSet Research Systems by 1.6% in the first quarter. Reilly Financial Advisors LLC now owns 57,655 shares of the business services provider’s stock valued at $9,508,000 after buying an additional 917 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

FactSet Research Systems Inc. (NYSE FDS) opened at 163.79 on Monday. The stock has a market cap of $6.43 billion, a P/E ratio of 19.10 and a beta of 0.95. The stock has a 50 day moving average of $165.68 and a 200 day moving average of $168.39. FactSet Research Systems Inc. has a 12-month low of $150.95 and a 12-month high of $183.64.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, June 27th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. FactSet Research Systems had a net margin of 29.02% and a return on equity of 55.72%. The business had revenue of $312.12 million for the quarter, compared to analysts’ expectations of $314.14 million. During the same quarter last year, the company earned $1.64 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post $7.30 earnings per share for the current fiscal year.

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FDS has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $163.00 price target on shares of FactSet Research Systems in a report on Tuesday, April 25th. Zacks Investment Research downgraded shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a report on Monday, June 5th. BidaskClub raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. UBS AG reaffirmed a “buy” rating and set a $146.00 price target (down previously from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. Finally, Deutsche Bank AG initiated coverage on shares of FactSet Research Systems in a report on Wednesday, May 10th. They set a “hold” rating and a $160.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $166.27.

In related news, Director Philip A. Hadley sold 43,842 shares of FactSet Research Systems stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $163.87, for a total value of $7,184,388.54. Following the sale, the director now owns 666,494 shares of the company’s stock, valued at approximately $109,218,371.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott G. Miller sold 17,074 shares of FactSet Research Systems stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $165.78, for a total transaction of $2,830,527.72. Following the completion of the sale, the executive vice president now directly owns 15,045 shares in the company, valued at approximately $2,494,160.10. The disclosure for this sale can be found here. Insiders sold a total of 206,858 shares of company stock worth $34,453,143 in the last three months. 2.70% of the stock is owned by corporate insiders.

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

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