United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $318,000 Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• United Super Pty Ltd significantly reduced its holdings in FactSet Research Systems Inc. by 53.3%, now owning 700 shares valued at $318,000 after selling 800 shares in the first quarter.
• Several institutional investors, including Invesco and GAMMA Investing, increased their positions in FactSet, indicating a mixed sentiment on the stock.
• FactSet Research Systems reported a missed earnings estimate for the last quarter, with earnings of $4.27 per share compared to the expected $4.30, alongside an increase in revenue by 5.9% year-over-year.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund trimmed its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 53.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 700 shares of the business services provider's stock after selling 800 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in FactSet Research Systems were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Cary Street Partners Financial LLC purchased a new stake in shares of FactSet Research Systems in the fourth quarter worth approximately $29,000. American National Bank & Trust purchased a new stake in shares of FactSet Research Systems in the first quarter worth approximately $44,000. Bank of Jackson Hole Trust lifted its position in shares of FactSet Research Systems by 187.9% in the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock worth $44,000 after purchasing an additional 62 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of FactSet Research Systems by 800.0% in the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock worth $45,000 after purchasing an additional 88 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of FactSet Research Systems by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock worth $54,000 after purchasing an additional 28 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total value of $3,398,665.04. Following the transaction, the executive vice president owned 23,952 shares of the company's stock, valued at $10,702,711.68. This trade represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James J. Mcgonigle sold 2,925 shares of FactSet Research Systems stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the completion of the transaction, the director directly owned 4,461 shares in the company, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,031 shares of company stock valued at $5,825,481 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FDS. Morgan Stanley increased their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. BMO Capital Markets raised their price objective on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a research report on Friday, June 20th. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Finally, Evercore ISI cut their price objective on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research report on Monday, June 16th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems Stock Down 2.6%

FDS traded down $10.36 during midday trading on Tuesday, hitting $385.81. 134,394 shares of the company's stock traded hands, compared to its average volume of 323,602. The company has a market cap of $14.59 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 2.56 and a beta of 0.83. The stock's fifty day simple moving average is $433.08 and its 200-day simple moving average is $441.98. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. FactSet Research Systems Inc. has a one year low of $383.27 and a one year high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The firm had revenue of $585.52 million during the quarter, compared to the consensus estimate of $580.70 million. During the same period in the prior year, the business earned $4.37 EPS. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.