GAMMA Investing LLC Has $292,000 Stake in FactSet Research Systems Inc. (NYSE:FDS)

GAMMA Investing LLC grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 14.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 716 shares of the business services provider’s stock after buying an additional 88 shares during the quarter. GAMMA Investing LLC’s holdings in FactSet Research Systems were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. HM Payson & Co. raised its stake in shares of FactSet Research Systems by 6.7% in the 1st quarter. HM Payson & Co. now owns 1,118 shares of the business services provider’s stock valued at $508,000 after acquiring an additional 70 shares in the last quarter. SRN Advisors LLC increased its position in FactSet Research Systems by 5.0% in the 1st quarter. SRN Advisors LLC now owns 3,024 shares of the business services provider’s stock worth $1,374,000 after buying an additional 144 shares during the period. Cetera Advisors LLC bought a new position in FactSet Research Systems in the 1st quarter worth approximately $202,000. Cetera Investment Advisers increased its position in shares of FactSet Research Systems by 214.5% during the first quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after purchasing an additional 3,683 shares during the period. Finally, Atria Investments Inc boosted its stake in FactSet Research Systems by 12.5% in the 1st quarter. Atria Investments Inc now owns 16,187 shares of the business services provider’s stock valued at $7,355,000 after buying an additional 1,801 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

FactSet Research Systems stock traded down $12.72 during trading on Monday, hitting $401.84. The stock had a trading volume of 202,500 shares, compared to its average volume of 262,091. The stock’s 50 day moving average is $414.87 and its two-hundred day moving average is $439.34. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The stock has a market cap of $15.29 billion, a price-to-earnings ratio of 30.94, a price-to-earnings-growth ratio of 2.44 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The business had revenue of $552.70 million for the quarter, compared to the consensus estimate of $552.71 million. During the same quarter last year, the business posted $3.79 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts predict that FactSet Research Systems Inc. will post 16.29 EPS for the current year.

Wall Street Analysts Forecast Growth

FDS has been the subject of a number of recent analyst reports. Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. Jefferies Financial Group lowered their price objective on 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. Morgan Stanley raised their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research note on Monday, June 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a report on Monday, June 24th. Finally, Wolfe Research started coverage on FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price on the stock. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $432.00.

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,330,666.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Goran Skoko sold 6,215 shares of the company’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 completion of the transaction, 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, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,330,666.25. The disclosure for this sale can be found here. Insiders have sold 18,647 shares of company stock valued at $7,829,442 over the last ninety days. 1.00% of the stock is owned by insiders.

FactSet Research Systems Company 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.