Provident Investment Management buys $22,583,583 stake in FactSet Research Systems (FDS)

FactSet Research Systems (FDS) : Provident Investment Management scooped up 455 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 9, 2016. The investment management firm now holds a total of 130,798 shares of FactSet Research Systems which is valued at $22,583,583.FactSet Research Systems makes up approximately 4.43% of Provident Investment Management’s portfolio.

Other Hedge Funds, Including , Tortoise Investment Management added FDS to its portfolio by purchasing 20 company shares during the most recent quarter which is valued at $3,444. Cibc Asset Management Inc added FDS to its portfolio by purchasing 1,316 company shares during the most recent quarter which is valued at $226,615. Dorsey Wright Associates sold out all of its stake in FDS during the most recent quarter. The investment firm sold 10,797 shares of FDS which is valued $1,833,007.

FactSet Research Systems closed down -0.06 points or -0.03% at $173.33 with 1,78,003 shares getting traded on Wednesday. Post opening the session at $173.74, the shares hit an intraday low of $172.05 and an intraday high of $174.02 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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. 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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