First Personal Financial Services lowered its position in FactSet Research Systems Inc. (NYSE:FDS) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,301 shares of the business services provider’s stock after selling 724 shares during the quarter. First Personal Financial Services’ holdings in FactSet Research Systems were worth $1,600,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. ETF Managers Group LLC acquired a new position in FactSet Research Systems in the 2nd quarter worth $121,000. Mountain Capital Investment Advisors Inc acquired a new position in FactSet Research Systems in the 2nd quarter worth $126,000. Turner Investments LLC acquired a new position in FactSet Research Systems in the 3rd quarter worth $144,000. Fieldpoint Private Securities LLC acquired a new position in FactSet Research Systems in the 3rd quarter worth $195,000. Finally, Visionary Asset Management Inc. acquired a new position in FactSet Research Systems in the 3rd quarter worth $205,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.
FactSet Research Systems Inc. (NYSE FDS) traded up $2.98 on Thursday, hitting $201.11. 477,490 shares of the stock traded hands, compared to its average volume of 316,344. The company has a market cap of $7,850.00, a P/E ratio of 30.38, a P/E/G ratio of 2.25 and a beta of 0.97. FactSet Research Systems Inc. has a one year low of $155.09 and a one year high of $207.25. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.64 and a quick ratio of 2.64.
In related news, COO Mark J. Hale sold 48,001 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $198.43, for a total transaction of $9,524,838.43. Following the completion of the sale, the chief operating officer now owns 6,268 shares of the company’s stock, valued at approximately $1,243,759.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Matthew J. Mcnulty sold 1,000 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $198.00, for a total transaction of $198,000.00. Following the sale, the vice president now directly owns 2,848 shares of the company’s stock, valued at approximately $563,904. The disclosure for this sale can be found here. Insiders sold a total of 55,406 shares of company stock valued at $10,957,561 in the last three months. Insiders own 2.70% of the company’s stock.
FDS has been the topic of a number of recent analyst reports. Credit Suisse Group reiterated an “outperform” rating and issued a $205.00 price objective (up previously from $200.00) on shares of FactSet Research Systems in a report on Monday, October 23rd. Goldman Sachs Group initiated coverage on shares of FactSet Research Systems in a report on Wednesday, November 8th. They issued a “neutral” rating and a $194.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $166.00 to $171.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Northcoast Research lowered shares of FactSet Research Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. Finally, Zacks Investment Research lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $183.46.
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.
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