Factset Research Systems Inc (NYSE:FDS).
Raymond James & Associates reports that it bought 25,329 shares in the previous quarter increasing its exposure to Factset Research Systems Inc by 38.0%. Its stake was valued at $16,578,000 an increase of 49.5% as of quarter end.
The following firms have recently changed their position in FDS. Great Lakes Advisors, LLC bolstered its stake by buying 544 shares an increase of 7.1%. Great Lakes Advisors, LLC now controls 8,232 shares with a value of $1,483,000. The value of the position overall is up by 16.0%. Baird Financial Group, Inc. trimmed its ownership by selling 36 shares a decrease of 0.4% from 06/30/2017 to 09/30/2017. Baird Financial Group, Inc. currently owns 9,772 shares worth $1,760,000. The total value of its holdings increased 8.0%.
As of the end of the quarter Provident Investment Management, Inc. had disposed of 1,351 shares trimming its holdings by 2.1%. The value of the investment in (FDS) went from $10,641,000 to $11,290,000 a change of $649,000 for the reporting period.
Equity analyst Goldman Sachs Group, Inc. (The) issued a report on FDS with an initial rating of “Neutral”. On October 23 Credit Suisse Group maintained a stock rating of “Outperform” with a current price target of $205.00.
Equity analyst Morgan Stanley raised the price target on October 23 changing the price objective from $166.00 to $171.00 and issued a “Equal Weight” recommendation. September 27 investment analysts at Credit Suisse Group kept the stock rating at “Outperform” targeting a price of $200.00.
On September 27 Morgan Stanley left the company rating at “Equal Weight” projecting a price of $166.00. Barclays PLC raised the price target on September 27 boosting the projection from $164.00 to $175.00 with a “Underweight” recommendation.
The company is trading up by 0.37% since yesterday’s close of 195.16. The company currently has a P/E ratio of 30.08 and the market cap of the company is 7.66B. As of the latest earnings report the EPS was $6.51 with 39.11M shares outstanding.
Traders are feeling more bearish on Factset Research Systems Inc of late as implied by the rise in short interest. The stock experienced a rise in short interest between October 13, 2017 and October 31, 2017 of 6.01%. Short interest increased from 2,713,560 to 2,876,719 over that period. With short interest at 2,876,719 and short average daily volume at 367,721, days to cover is 8.0 and the percentage of shorted shares was 0.07% on October 31.