Smith Asset Management Group Lp Lowers stake in FactSet Research Systems (FDS)

FactSet Research Systems (FDS) : Smith Asset Management Group Lp reduced its stake in FactSet Research Systems by 1.26% during the most recent quarter end. The investment management company now holds a total of 234,975 shares of FactSet Research Systems which is valued at $40,387,503 after selling 3,010 shares in FactSet Research Systems , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.FactSet Research Systems makes up approximately 1.17% of Smith Asset Management Group Lp’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama reduced its stake in FDS by selling 382 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 52,732 shares of FDS which is valued at $9,063,576. FactSet Research Systems makes up approx 0.05% of Retirement Systems Of Alabama’s portfolio.Middleton Co Incma boosted its stake in FDS in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 1,987 shares of FactSet Research Systems which is valued at $337,333. FactSet Research Systems makes up approx 0.07% of Middleton Co Incma’s portfolio. Washington Trust Bank added FDS to its portfolio by purchasing 16 company shares during the most recent quarter which is valued at $2,576.

FactSet Research Systems closed down -1.18 points or -0.68% at $171.96 with 3,34,135 shares getting traded on Friday. Post opening the session at $173.04, the shares hit an intraday low of $171.5 and an intraday high of $173.68 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *