Bamco Inc Ny Lowers stake in FactSet Research Systems (FDS)

FactSet Research Systems (FDS) : Bamco Inc Ny reduced its stake in FactSet Research Systems by 0.5% during the most recent quarter end. The investment management company now holds a total of 3,381,535 shares of FactSet Research Systems which is valued at $545,001,996 after selling 16,901 shares in FactSet Research Systems , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.FactSet Research Systems makes up approximately 2.90% of Bamco Inc Ny’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in FDS in the latest quarter, The investment management firm added 9,565 additional shares and now holds a total of 38,395 shares of FactSet Research Systems which is valued at $6,188,122. FactSet Research Systems makes up approx 0.02% of Raymond James Associates’s portfolio.Logan Capital Management Inc boosted its stake in FDS in the latest quarter, The investment management firm added 430 additional shares and now holds a total of 7,155 shares of FactSet Research Systems which is valued at $1,133,137. FactSet Research Systems makes up approx 0.09% of Logan Capital Management Inc’s portfolio.Great West Life Assurance Co Can reduced its stake in FDS by selling 4,189 shares or 12.8% in the most recent quarter. The Hedge Fund company now holds 28,550 shares of FDS which is valued at $4,438,383. FactSet Research Systems makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.Dock Street Asset Management Inc boosted its stake in FDS in the latest quarter, The investment management firm added 2,842 additional shares and now holds a total of 28,770 shares of FactSet Research Systems which is valued at $4,442,376. FactSet Research Systems makes up approx 3.07% of Dock Street Asset Management Inc’s portfolio.

FactSet Research Systems opened for trading at $162.77 and hit $163.51 on the upside on Monday, eventually ending the session at $163.06, with a gain of 0.37% or 0.6 points. The heightened volatility saw the trading volume jump to 2,48,127 shares. Company has a market cap of $6,512 M.

On the company’s financial health, FactSet Research Systems reported $1.69 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Sep 27, 2016. Analyst had a consensus of $1.70. The company had revenue of $287.30 million for the quarter, compared to analysts expectations of $290.06 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS.

Investors should note that on Nov 10, 2016, FactSet Research Systems announced a cash dividend of $0.5000. The company’s management has announced Nov 28, 2016 as the ex-dividend date and fixed the record date on Nov 30, 2016. The payable date has been fixed on Dec 20, 2016.

Many Wall Street Analysts have commented on FactSet Research Systems. FactSet Research Systems was Downgraded by Raymond James to ” Underperform” on Sep 27, 2016. Macquarie Initiated FactSet Research Systems on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $180.

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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