FactSet Research Systems Inc. (FDS) Position Reduced by Psagot Investment House Ltd.

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Psagot Investment House Ltd. cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 15.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,065 shares of the business services provider’s stock after selling 3,600 shares during the period. Psagot Investment House Ltd.’s holdings in FactSet Research Systems were worth $4,489,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Virginia Retirement Systems ET AL lifted its holdings in FactSet Research Systems by 23.2% in the third quarter. Virginia Retirement Systems ET AL now owns 10,100 shares of the business services provider’s stock valued at $2,259,000 after acquiring an additional 1,900 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in FactSet Research Systems by 6.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 7,071 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 451 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in FactSet Research Systems by 5.1% in the third quarter. Wells Fargo & Company MN now owns 2,077,969 shares of the business services provider’s stock valued at $464,863,000 after acquiring an additional 100,449 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in FactSet Research Systems by 3.8% in the third quarter. Copeland Capital Management LLC now owns 72,104 shares of the business services provider’s stock valued at $16,130,000 after acquiring an additional 2,633 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in FactSet Research Systems by 24.4% in the third quarter. Victory Capital Management Inc. now owns 20,721 shares of the business services provider’s stock valued at $4,635,000 after acquiring an additional 4,064 shares during the last quarter. Hedge funds and other institutional investors own 91.80% of the company’s stock.

In other news, SVP Matthew J. Mcnulty sold 1,684 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $225.00, for a total transaction of $378,900.00. Following the sale, the senior vice president now owns 3,727 shares of the company’s stock, valued at $838,575. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert J. Robie sold 1,174 shares of the company’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $224.78, for a total value of $263,891.72. Following the sale, the executive vice president now directly owns 2,862 shares in the company, valued at approximately $643,320.36. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

NYSE FDS traded up $1.72 on Wednesday, reaching $226.28. The stock had a trading volume of 549 shares, compared to its average volume of 316,433. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.25 and a beta of 0.91. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.09. FactSet Research Systems Inc. has a 12-month low of $183.89 and a 12-month high of $237.29.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, September 25th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.01). FactSet Research Systems had a net margin of 19.78% and a return on equity of 58.62%. The firm had revenue of $345.90 million during the quarter, compared to analysts’ expectations of $346.39 million. During the same period in the previous year, the firm earned $1.90 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts anticipate that FactSet Research Systems Inc. will post 9.52 EPS for the current fiscal year.

A number of analysts have issued reports on the company. ValuEngine raised FactSet Research Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. Cantor Fitzgerald boosted their target price on FactSet Research Systems from $203.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, September 26th. Stifel Nicolaus boosted their target price on FactSet Research Systems from $188.00 to $223.00 and gave the company a “hold” rating in a research report on Wednesday, September 26th. Finally, Morgan Stanley set a $210.00 target price on FactSet Research Systems and gave the company a “hold” rating in a research report on Thursday, September 13th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $212.45.

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FactSet Research Systems Company 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. It 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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