Connable Office Inc. held its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,235 shares of the business services provider’s stock at the end of the second quarter. Connable Office Inc.’s holdings in FactSet Research Systems were worth $538,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of FactSet Research Systems by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,554,309 shares of the business services provider’s stock worth $586,142,000 after buying an additional 103,458 shares in the last quarter. BlackRock Inc. raised its stake in shares of FactSet Research Systems by 12,692.2% in the first quarter. BlackRock Inc. now owns 3,151,227 shares of the business services provider’s stock worth $519,669,000 after buying an additional 3,126,593 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of FactSet Research Systems by 4.2% in the first quarter. Wells Fargo & Company MN now owns 2,153,875 shares of the business services provider’s stock worth $355,196,000 after buying an additional 87,664 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of FactSet Research Systems by 2.0% in the first quarter. Wellington Management Group LLP now owns 1,282,438 shares of the business services provider’s stock worth $211,487,000 after buying an additional 25,295 shares in the last quarter. Finally, State Street Corp raised its stake in shares of FactSet Research Systems by 1.9% in the first quarter. State Street Corp now owns 1,038,821 shares of the business services provider’s stock worth $171,308,000 after buying an additional 19,591 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

FactSet Research Systems Inc. (NYSE:FDS) opened at 162.28 on Thursday. FactSet Research Systems Inc. has a 52 week low of $150.95 and a 52 week high of $183.64. The firm’s 50-day moving average price is $164.72 and its 200-day moving average price is $168.12. The stock has a market cap of $6.37 billion, a PE ratio of 18.92 and a beta of 0.95.

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

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A number of equities research analysts have recently weighed in on FDS shares. Stifel Nicolaus reiterated a “hold” rating and issued a $163.00 price objective on shares of FactSet Research Systems in a research report on Tuesday, April 25th. Zacks Investment Research cut FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. BidaskClub upgraded FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. UBS AG restated a “buy” rating and issued a $146.00 target price (down previously from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. Finally, Deutsche Bank AG began coverage on FactSet Research Systems in a research note on Wednesday, May 10th. They issued a “hold” rating and a $160.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $166.27.

In related news, Chairman Philip A. Hadley sold 38,942 shares of the stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $163.83, for a total value of $6,379,867.86. Following the transaction, the chairman now owns 666,494 shares of the company’s stock, valued at $109,191,712.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph E. Laird, Jr. sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $166.00, for a total value of $166,000.00. Following the completion of the transaction, the director now directly owns 9,000 shares in the company, valued at approximately $1,494,000. 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. 2.70% of the stock is owned by insiders.

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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