Tiverton Asset Management buys $151,410,002 stake in FactSet Research Systems (FDS)

FactSet Research Systems (FDS) : Tiverton Asset Management scooped up 748,281 additional shares in FactSet Research Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 876,266 shares of FactSet Research Systems which is valued at $151,410,002.FactSet Research Systems makes up approximately 5.92% of Tiverton Asset Management’s portfolio.

Other Hedge Funds, Including , Piermont Capital Management added FDS to its portfolio by purchasing 4,090 company shares during the most recent quarter which is valued at $706,711. FactSet Research Systems makes up approx 0.17% of Piermont Capital Management’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in FDS in the latest quarter, The investment management firm added 19,806 additional shares and now holds a total of 1,202,618 shares of FactSet Research Systems which is valued at $207,800,364. FactSet Research Systems makes up approx 0.03% of Blackrock Institutional Trust Company N.a.’s portfolio.Newfocus Financial Group boosted its stake in FDS in the latest quarter, The investment management firm added 204 additional shares and now holds a total of 12,273 shares of FactSet Research Systems which is valued at $2,132,066. FactSet Research Systems makes up approx 1.51% of Newfocus Financial Group’s portfolio.Victory Capital Management Inc boosted its stake in FDS in the latest quarter, The investment management firm added 263 additional shares and now holds a total of 4,906 shares of FactSet Research Systems which is valued at $847,070.Independent Portfolio Consultants reduced its stake in FDS by selling 5 shares or 7.14% in the most recent quarter. The Hedge Fund company now holds 65 shares of FDS which is valued at $10,830.

FactSet Research Systems opened for trading at $177.66 and hit $179.46 on the upside on Monday, eventually ending the session at $178.33, with a gain of 0.66% or 1.17 points. The heightened volatility saw the trading volume jump to 1,61,000 shares. Company has a market cap of $7,249 M.

On the company’s financial health, FactSet Research Systems reported $1.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 28, 2016. Analyst had a consensus of $1.63. The company had revenue of $287.50 million for the quarter, compared to analysts expectations of $287.67 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS.

Many Wall Street Analysts have commented on FactSet Research Systems. Macquarie Initiated FactSet Research Systems on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $180.Credit Suisse Initiated FactSet Research Systems on Jul 12, 2016 to “Outperform”, Price Target of the shares are set at $182.

FactSet Research Systems Inc. (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S. Europe and Asia Pacific. Sales consulting data collection product development and software engineering are the primary functional groups within the U.S. Europe and Asia Pacific segments that provide global financial and economic information to investment managers investment banks and other financial services professionals. The U.S. segment services finance professionals including financial institutions throughout the Americas while the European and Asia Pacific segments service investment professionals located throughout Europe and the Asia Pacific region respectively. FactSet combines content regarding companies and securities from markets all over the globe into a single online platform of information and analytics.

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