Bbva Compass Bancshares Inc. Trims Holdings in FactSet Research Systems Inc. (FDS)

Bbva Compass Bancshares Inc. decreased its position in FactSet Research Systems Inc. (NYSE:FDS) by 6.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,903 shares of the business services provider’s stock after selling 1,269 shares during the quarter. Bbva Compass Bancshares Inc. owned 0.05% of FactSet Research Systems worth $3,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. ETF Managers Group LLC bought a new stake in FactSet Research Systems in the 2nd quarter worth approximately $121,000. Mountain Capital Investment Advisors Inc bought a new stake in FactSet Research Systems in the 2nd quarter worth approximately $126,000. Gotham Asset Management LLC increased its stake in FactSet Research Systems by 6.8% in the 2nd quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock worth $215,000 after acquiring an additional 82 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in FactSet Research Systems by 107.9% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,316 shares of the business services provider’s stock worth $237,000 after acquiring an additional 683 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. increased its stake in FactSet Research Systems by 9.4% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 1,390 shares of the business services provider’s stock worth $231,000 after acquiring an additional 120 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

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FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.01. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The business had revenue of $326.60 million during the quarter, compared to analysts’ expectations of $325.26 million. During the same period in the previous year, the firm posted $1.69 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis.

A number of analysts have issued reports on FDS shares. Zacks Investment Research downgraded FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $166.00 price objective (up previously from $157.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. BidaskClub downgraded FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Northcoast Research raised FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 target price on the stock in a research report on Thursday, September 21st. Finally, Bank of America Corporation reissued a “neutral” rating and set a $192.00 target price (up previously from $180.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $172.73.

In related news, COO Mark J. Hale sold 9,458 shares of FactSet Research Systems stock in a transaction on Friday, September 29th. The stock was sold at an average price of $180.34, for a total value of $1,705,655.72. Following the completion of the transaction, the chief operating officer now directly owns 11,314 shares in the company, valued at $2,040,366.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Matthew J. Mcnulty sold 1,049 shares of FactSet Research Systems stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $181.00, for a total value of $189,869.00. Following the completion of the transaction, the vice president now owns 2,499 shares of the company’s stock, valued at $452,319. The disclosure for this sale can be found here. Insiders sold 17,841 shares of company stock valued at $3,224,739 over the last ninety days. Insiders own 2.70% of the company’s stock.

FactSet Research Systems 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.

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

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