Dock Street Asset Management Inc Lowers stake in FactSet Research Systems (FDS)

FactSet Research Systems (FDS) : Dock Street Asset Management Inc reduced its stake in FactSet Research Systems by 0.16% during the most recent quarter end. The investment management company now holds a total of 25,798 shares of FactSet Research Systems which is valued at $3,999,464 after selling 41 shares in FactSet Research Systems , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.FactSet Research Systems makes up approximately 3.73% of Dock Street Asset Management Inc’s portfolio.

FactSet Research Systems opened for trading at $154.1 and hit $155.13 on the upside on Friday, eventually ending the session at $155.03, with a gain of 0.43% or 0.67 points. The heightened volatility saw the trading volume jump to 1,97,251 shares. Company has a market cap of $6,338 M.

Other Hedge Funds, Including , Btim Corp. reduced its stake in FDS by selling 4,806 shares or 8.93% in the most recent quarter. The Hedge Fund company now holds 48,992 shares of FDS which is valued at $7,595,230. FactSet Research Systems makes up approx 0.13% of Btim Corp.’s portfolio.Acadian Asset Management reduced its stake in FDS by selling 91,680 shares or 99.97% in the most recent quarter. The Hedge Fund company now holds 23 shares of FDS which is valued at $3,540. Santa Fe Partners sold out all of its stake in FDS during the most recent quarter. The investment firm sold 1,353 shares of FDS which is valued $208,227.

On the company’s financial health, FactSet Research Systems reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Mar 15, 2016. Analyst had a consensus of $1.52. The company had revenue of $281.80 million for the quarter, compared to analysts expectations of $283.07 million. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS.

Many Wall Street Analysts have commented on FactSet Research Systems. FactSet Research Systems was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016. FactSet Research Systems was Downgraded by Stifel to ” Hold” on Mar 16, 2016. Shares were Downgraded by UBS on Mar 10, 2016 to ” Sell” and Lowered the Price Target to $ 138 from a previous price target of $164 .

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.

Leave a Reply

FactSet Research Systems - Is it time to Sell?

Top Brokerage Firms are advising their investors on FactSet Research Systems. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.