United Fire Group Inc. maintained its position in FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the business services provider’s stock at the end of the second quarter. United Fire Group Inc.’s holdings in FactSet Research Systems were worth $499,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eads & Heald Investment Counsel raised its position in FactSet Research Systems by 0.9% in the second quarter. Eads & Heald Investment Counsel now owns 2,358 shares of the business services provider’s stock worth $392,000 after buying an additional 20 shares in the last quarter. FineMark National Bank & Trust raised its position in FactSet Research Systems by 1.0% in the second quarter. FineMark National Bank & Trust now owns 2,183 shares of the business services provider’s stock worth $363,000 after buying an additional 22 shares in the last quarter. Genesee Valley Trust Co. raised its position in FactSet Research Systems by 1.4% in the first quarter. Genesee Valley Trust Co. now owns 2,071 shares of the business services provider’s stock worth $341,000 after buying an additional 28 shares in the last quarter. Penobscot Investment Management Company Inc. raised its position in 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 worth $209,000 after buying an additional 33 shares in the last quarter. Finally, World Asset Management Inc raised its position in FactSet Research Systems by 1.3% in the second quarter. World Asset Management Inc now owns 2,847 shares of the business services provider’s stock worth $473,000 after buying an additional 36 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

FactSet Research Systems Inc. (NYSE:FDS) opened at 158.73 on Friday. The stock has a market capitalization of $6.23 billion, a PE ratio of 18.51 and a beta of 0.95. 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 is $164.51 and its 200 day moving average is $168.05.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, June 27th. The business services provider reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $312.12 million during the quarter, compared to the consensus estimate of $314.14 million. During the same quarter in the prior year, the firm earned $1.64 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts forecast that FactSet Research Systems Inc. will post $7.30 earnings per share for the current year.

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Several research firms have issued reports on FDS. BidaskClub lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Thursday. UBS AG restated a “buy” rating and issued a $146.00 price target (down previously from $150.00) on shares of FactSet Research Systems in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Stifel Nicolaus restated a “hold” rating and issued a $163.00 price target on shares of FactSet Research Systems in a research report on Tuesday, April 25th. Finally, Deutsche Bank AG began coverage on shares of FactSet Research Systems in a research report on Wednesday, May 10th. They issued a “hold” rating and a $160.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. FactSet Research Systems presently 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 company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 9,000 shares of the company’s stock, valued at $1,494,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Philip A. Hadley sold 38,942 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $163.83, for a total transaction of $6,379,867.86. Following the completion of the sale, the chairman now directly owns 666,494 shares of the company’s stock, valued at approximately $109,191,712.02. The disclosure for this sale can be found here. Insiders sold 206,858 shares of company stock valued at $34,453,143 in the last ninety days. 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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