Comerica Bank Raises Position in FactSet Research Systems Inc. (FDS)

Comerica Bank boosted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 135.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 71,935 shares of the business services provider’s stock after buying an additional 41,391 shares during the quarter. Comerica Bank’s holdings in FactSet Research Systems were worth $18,441,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Prospera Financial Services Inc purchased a new position in FactSet Research Systems in the 1st quarter valued at about $373,000. Park Avenue Securities LLC purchased a new position in FactSet Research Systems in the 1st quarter valued at about $296,000. Rhumbline Advisers lifted its stake in FactSet Research Systems by 0.6% in the 1st quarter. Rhumbline Advisers now owns 110,418 shares of the business services provider’s stock valued at $27,413,000 after buying an additional 696 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new position in FactSet Research Systems in the 1st quarter valued at about $242,000. Finally, Janus Henderson Group PLC lifted its stake in FactSet Research Systems by 41.6% in the 1st quarter. Janus Henderson Group PLC now owns 46,988 shares of the business services provider’s stock valued at $11,666,000 after buying an additional 13,803 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on FDS shares. Morgan Stanley raised their price target on shares of FactSet Research Systems from $200.00 to $211.00 and gave the company an “equal weight” rating in a research note on Monday, February 25th. DA Davidson increased their price objective on shares of FactSet Research Systems to $214.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Piper Jaffray Companies increased their price objective on shares of FactSet Research Systems from $211.00 to $262.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Barclays reiterated a “hold” rating and issued a $275.00 price objective on shares of FactSet Research Systems in a report on Monday. Finally, Deutsche Bank increased their price objective on shares of FactSet Research Systems from $217.00 to $245.00 and gave the company a “hold” rating in a report on Wednesday, March 27th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $239.82.

FDS stock opened at $283.83 on Tuesday. The stock has a market capitalization of $10.66 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.45 and a quick ratio of 2.45. FactSet Research Systems Inc. has a 12 month low of $188.31 and a 12 month high of $284.32.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $2.42 EPS for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.08. The company had revenue of $354.90 million during the quarter, compared to the consensus estimate of $356.46 million. FactSet Research Systems had a net margin of 22.45% and a return on equity of 64.58%. FactSet Research Systems’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.12 EPS. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 9.59 earnings per share for the current year.

In other news, EVP Robert J. Robie sold 10,459 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $241.34, for a total transaction of $2,524,175.06. Following the completion of the sale, the executive vice president now owns 4,331 shares in the company, valued at approximately $1,045,243.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 1,186 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $275.64, for a total transaction of $326,909.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,010 shares of company stock valued at $3,425,632. 2.30% of the stock is owned by insiders.

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FactSet Research Systems Company Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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