Aperio Group LLC cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 10,506 shares of the business services provider’s stock after selling 102 shares during the period. Aperio Group LLC’s holdings in FactSet Research Systems were worth $1,746,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SRS Capital Advisors Inc. boosted its stake in shares of FactSet Research Systems by 17.4% in the first quarter. SRS Capital Advisors Inc. now owns 891 shares of the business services provider’s stock valued at $147,000 after buying an additional 132 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in shares of FactSet Research Systems during the first quarter valued at $199,000. Penobscot Investment Management Company Inc. boosted its stake in shares of FactSet Research Systems by 2.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 1,270 shares of the business services provider’s stock valued at $209,000 after buying an additional 33 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of FactSet Research Systems by 4.0% in the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock valued at $215,000 after buying an additional 50 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of FactSet Research Systems during the first quarter valued at $238,000. 94.63% of the stock is currently owned by institutional investors.

FactSet Research Systems Inc. (FDS) traded down 2.43% during trading on Thursday, reaching $158.34. 122,843 shares of the company traded hands. The firm’s 50 day moving average price is $164.72 and its 200 day moving average price is $168.12. FactSet Research Systems Inc. has a 12-month low of $150.95 and a 12-month high of $183.64. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 18.46 and a beta of 0.95.

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

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Several analysts recently weighed in on FDS shares. UBS AG reissued a “buy” rating and issued a $146.00 price objective (down previously from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. BidaskClub raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Stifel Nicolaus reissued a “hold” rating and issued a $163.00 price objective on shares of FactSet Research Systems in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Deutsche Bank AG started coverage on shares of FactSet Research Systems in a research note on Wednesday, May 10th. They issued a “hold” rating and a $160.00 price objective on the stock. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $166.27.

In other FactSet Research Systems news, Director Joseph E. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $166.00, for a total value of $166,000.00. Following the sale, the director now owns 9,000 shares of the company’s stock, valued at approximately $1,494,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Philip A. Hadley sold 43,842 shares of the firm’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $163.87, for a total transaction of $7,184,388.54. Following the completion of the sale, the director now directly owns 666,494 shares in the company, valued at approximately $109,218,371.78. The disclosure for this sale can be found here. In the last three months, insiders sold 206,858 shares of company stock worth $34,453,143. Insiders own 2.70% of the company’s stock.

About FactSet Research Systems

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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