Stock Yards Bank Trust Co buys $9.9 Million stake in FactSet Research Systems (FDS)

FactSet Research Systems (FDS) : Stock Yards Bank Trust Co scooped up 1,692 additional shares in FactSet Research Systems during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 67,217 shares of FactSet Research Systems which is valued at $9.9 Million.FactSet Research Systems makes up approximately 1.41% of Stock Yards Bank Trust Co’s portfolio.

Other Hedge Funds, Including ,

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 closed down -1.87 points or -1.26% at $146.59 with 2,58,027 shares getting traded on Monday. Post opening the session at $149.46, the shares hit an intraday low of $146.52 and an intraday high of $150.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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