Wedge Capital Management L L P NC Makes New Investment in FactSet Research Systems Inc. (NYSE:FDS)

Wedge Capital Management L L P NC acquired a new position in FactSet Research Systems Inc. (NYSE:FDS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,708 shares of the business services provider’s stock, valued at approximately $415,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of FactSet Research Systems by 16.5% in the 2nd quarter. BlackRock Inc. now owns 4,146,789 shares of the business services provider’s stock valued at $1,188,303,000 after purchasing an additional 586,547 shares during the period. Vanguard Group Inc. lifted its stake in shares of FactSet Research Systems by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 3,799,216 shares of the business services provider’s stock valued at $1,088,704,000 after purchasing an additional 116,960 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of FactSet Research Systems by 1.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,463,128 shares of the business services provider’s stock valued at $419,278,000 after purchasing an additional 26,339 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of FactSet Research Systems by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 448,121 shares of the business services provider’s stock valued at $128,415,000 after purchasing an additional 40,246 shares during the period. Finally, APG Asset Management N.V. lifted its stake in shares of FactSet Research Systems by 79.1% in the 2nd quarter. APG Asset Management N.V. now owns 414,300 shares of the business services provider’s stock valued at $104,252,000 after purchasing an additional 183,000 shares during the period. Institutional investors and hedge funds own 97.26% of the company’s stock.

A number of research firms have recently commented on FDS. Zacks Investment Research cut FactSet Research Systems from a “hold” rating to a “sell” rating and set a $257.00 target price for the company. in a research note on Monday, September 30th. ValuEngine cut FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. Cantor Fitzgerald set a $240.00 target price on FactSet Research Systems and gave the company a “hold” rating in a research note on Friday, September 27th. Stifel Nicolaus lowered their target price on FactSet Research Systems from $242.00 to $230.00 and set a “hold” rating for the company in a research note on Friday, September 27th. Finally, Barclays lowered their target price on FactSet Research Systems from $275.00 to $250.00 and set an “equal weight” rating for the company in a research note on Friday, September 27th. Five research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $239.08.

In other FactSet Research Systems news, Director Philip A. Hadley sold 75,000 shares of FactSet Research Systems stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $282.86, for a total transaction of $21,214,500.00. Following the completion of the transaction, the director now owns 467,368 shares in the company, valued at $132,199,712.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 1,186 shares of FactSet Research Systems stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $270.30, for a total value of $320,575.80. Following the completion of the sale, the chief executive officer now directly owns 4,980 shares of the company’s stock, valued at approximately $1,346,094. The disclosure for this sale can be found here. Insiders have sold 78,558 shares of company stock valued at $22,125,585 in the last quarter. 2.30% of the stock is owned by company insiders.

NYSE:FDS traded down $6.07 during trading hours on Friday, reaching $246.72. 483,012 shares of the company traded hands, compared to its average volume of 340,240. The business’s 50-day moving average price is $251.45 and its two-hundred day moving average price is $273.69. The stock has a market capitalization of $9.69 billion, a P/E ratio of 24.67, a P/E/G ratio of 2.84 and a beta of 0.96. FactSet Research Systems Inc. has a 1 year low of $188.31 and a 1 year high of $305.38. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.85.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, September 26th. The business services provider reported $2.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.47 by $0.14. The business had revenue of $364.28 million during the quarter, compared to analysts’ expectations of $362.39 million. FactSet Research Systems had a return on equity of 63.04% and a net margin of 24.58%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.20 earnings per share. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 9.99 EPS for the current year.

FactSet Research Systems Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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

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