Bath Savings Trust Co buys $8,031,987 stake in FactSet Research Systems (FDS)

FactSet Research Systems (FDS) : Bath Savings Trust Co scooped up 1,005 additional shares in FactSet Research Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 3, 2016. The investment management firm now holds a total of 50,723 shares of FactSet Research Systems which is valued at $8,031,987.FactSet Research Systems makes up approximately 2.53% of Bath Savings Trust Co’s portfolio.

Other Hedge Funds, Including , Cullinan Associates Inc boosted its stake in FDS in the latest quarter, The investment management firm added 1,960 additional shares and now holds a total of 6,260 shares of FactSet Research Systems which is valued at $991,271. FactSet Research Systems makes up approx 0.09% of Cullinan Associates Inc’s portfolio.

FactSet Research Systems closed down -1.47 points or -0.92% at $157.98 with 5,19,757 shares getting traded on Tuesday. Post opening the session at $159.79, the shares hit an intraday low of $156.91 and an intraday high of $160.9 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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.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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