GAMMA Investing LLC Boosts Stake in FactSet Research Systems Inc. (NYSE:FDS)

GAMMA Investing LLC increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 14.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 716 shares of the business services provider’s stock after purchasing an additional 88 shares during the period. GAMMA Investing LLC’s holdings in FactSet Research Systems were worth $292,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FDS. Signaturefd LLC boosted its holdings in shares of FactSet Research Systems by 6.5% in the fourth quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock valued at $179,000 after acquiring an additional 23 shares in the last quarter. Mission Wealth Management LP raised its position in FactSet Research Systems by 0.7% during the first quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider’s stock worth $1,536,000 after acquiring an additional 24 shares during the last quarter. Procyon Advisors LLC raised its position in shares of FactSet Research Systems by 0.4% in the first quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock valued at $2,948,000 after buying an additional 27 shares during the last quarter. Global Retirement Partners LLC boosted its position in FactSet Research Systems by 19.1% during the first quarter. Global Retirement Partners LLC now owns 168 shares of the business services provider’s stock worth $76,000 after acquiring an additional 27 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its position in FactSet Research Systems by 23.0% during the fourth quarter. CENTRAL TRUST Co now owns 155 shares of the business services provider’s stock worth $74,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 3.1 %

FDS traded down $12.72 on Monday, reaching $401.84. 202,500 shares of the company traded hands, compared to its average volume of 262,091. The stock’s 50 day moving average price is $414.87 and its 200-day moving average price is $439.34. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $488.64. The company has a market cap of $15.29 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 2.44 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $3.91 by $0.46. The company had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.79 earnings per share. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 16.29 EPS for the current fiscal year.

Insider Transactions at FactSet Research Systems

In related news, CTO Katherine M. Stepp sold 1,057 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $428.42, for a total transaction of $452,839.94. Following the completion of the transaction, the chief technology officer now directly owns 687 shares in the company, valued at approximately $294,324.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other FactSet Research Systems news, EVP Goran Skoko sold 6,215 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $436.40, for a total value of $2,712,226.00. Following the sale, the executive vice president now owns 5,262 shares of the company’s stock, valued at approximately $2,296,336.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Katherine M. Stepp sold 1,057 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $428.42, for a total transaction of $452,839.94. Following the completion of the sale, the chief technology officer now directly owns 687 shares in the company, valued at approximately $294,324.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,647 shares of company stock worth $7,829,442. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Jefferies Financial Group cut their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Morgan Stanley lifted their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a report on Monday, June 24th. Wolfe Research began coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price target on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a report on Monday, June 24th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $432.00.

FactSet Research Systems Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.