Bares Capital Management buys $82,703,860 stake in FactSet Research Systems (FDS)

FactSet Research Systems (FDS) : Bares Capital Management scooped up 21,938 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 10, 2016. The investment management firm now holds a total of 478,638 shares of FactSet Research Systems which is valued at $82,703,860.FactSet Research Systems makes up approximately 5.45% of Bares Capital Management’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in FDS in the latest quarter, The investment management firm added 47,373 additional shares and now holds a total of 1,484,841 shares of FactSet Research Systems which is valued at $256,565,676. FactSet Research Systems makes up approx 0.05% of Blackrock Fund Advisors’s portfolio.Btim Corp. boosted its stake in FDS in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 49,122 shares of FactSet Research Systems which is valued at $8,533,474. FactSet Research Systems makes up approx 0.14% of Btim Corp.’s portfolio.Saybrook Capital Nc reduced its stake in FDS by selling 430 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 41,134 shares of FDS which is valued at $7,102,196. FactSet Research Systems makes up approx 4.45% of Saybrook Capital Nc’s portfolio.Kidder Stephen W reduced its stake in FDS by selling 10 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 1,850 shares of FDS which is valued at $319,421. FactSet Research Systems makes up approx 0.12% of Kidder Stephen W’s portfolio.Creative Planning boosted its stake in FDS in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 1,660 shares of FactSet Research Systems which is valued at $275,693.

FactSet Research Systems opened for trading at $174.54 and hit $175.23 on the upside on Friday, eventually ending the session at $175.22, with a gain of 0.25% or 0.44 points. The heightened volatility saw the trading volume jump to 2,43,928 shares. Company has a market cap of $7,123 M.

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.

Investors should note that on Aug 8, 2016, FactSet Research Systems announced a cash dividend of $0.5000. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 20, 2016.

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.

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.