Cwm buys $12,556,766 stake in FactSet Research Systems (FDS)

FactSet Research Systems (FDS) : Cwm scooped up 16,038 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 17, 2016. The investment management firm now holds a total of 80,907 shares of FactSet Research Systems which is valued at $12,556,766.FactSet Research Systems makes up approximately 0.90% of Cwm’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in FDS in the latest quarter, The investment management firm added 127 additional shares and now holds a total of 1,990 shares of FactSet Research Systems which is valued at $308,848. FactSet Research Systems makes up approx 0.03% of Reliance Trust Co Of Delaware’s portfolio.Stock Yards Bank Trust Co boosted its stake in FDS in the latest quarter, The investment management firm added 95 additional shares and now holds a total of 67,617 shares of FactSet Research Systems which is valued at $10,494,158. FactSet Research Systems makes up approx 1.45% of Stock Yards Bank Trust Co’s portfolio.First National Bank Of Omaha reduced its stake in FDS by selling 886 shares or 2.97% in the most recent quarter. The Hedge Fund company now holds 28,958 shares of FDS which is valued at $4,522,371. FactSet Research Systems makes up approx 0.36% of First National Bank Of Omaha’s portfolio.Carroll Financial Associates reduced its stake in FDS by selling 5 shares or 31.25% in the most recent quarter. The Hedge Fund company now holds 11 shares of FDS which is valued at $1,738.

FactSet Research Systems opened for trading at $156.36 and hit $157.29 on the upside on Friday, eventually ending the session at $155.2, with a gain of 0.01% or 0.01 points. The heightened volatility saw the trading volume jump to 2,67,538 shares. Company has a market cap of $6,309 M.

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.

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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