Quantinno Capital Management LP raised its position in FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 86.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,953 shares of the business services provider’s stock after purchasing an additional 31,060 shares during the period. Quantinno Capital Management LP’s holdings in FactSet Research Systems were worth $14,528,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. raised its position in shares of FactSet Research Systems by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock valued at $3,071,000 after buying an additional 30 shares during the last quarter. WPG Advisers LLC lifted its stake in shares of FactSet Research Systems by 76.9% during the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after buying an additional 40 shares during the period. SkyView Investment Advisors LLC boosted its position in FactSet Research Systems by 2.7% during the second quarter. SkyView Investment Advisors LLC now owns 1,809 shares of the business services provider’s stock worth $798,000 after acquiring an additional 48 shares during the last quarter. Lafayette Investments Inc. boosted its position in FactSet Research Systems by 1.1% during the first quarter. Lafayette Investments Inc. now owns 4,524 shares of the business services provider’s stock worth $982,000 after acquiring an additional 49 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in FactSet Research Systems by 58.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock worth $62,000 after acquiring an additional 51 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.
FactSet Research Systems Stock Performance
NYSE:FDS opened at $263.66 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.44. The company has a market cap of $9.38 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.77 and a beta of 0.70. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $409.16. The firm’s 50 day moving average is $245.74 and its two-hundred day moving average is $232.72.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on FDS shares. BMO Capital Markets boosted their price target on FactSet Research Systems from $257.00 to $275.00 and gave the company a “market perform” rating in a report on Thursday, July 2nd. The Goldman Sachs Group downgraded FactSet Research Systems from a “sell” rating to an “underweight” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft upped their target price on FactSet Research Systems from $275.00 to $280.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Rothschild & Co Redburn downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 target price on the stock. in a research report on Thursday, June 18th. Finally, Barclays raised their price target on FactSet Research Systems from $210.00 to $216.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Reduce” and an average target price of $253.00.
Check Out Our Latest Analysis on FactSet Research Systems
FactSet Research Systems Company Profile
FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.
The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.
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