FactSet Research Systems Inc. (NYSE:FDS) has experienced an increase in activity from the world’s largest hedge funds of late.
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Keeping this in mind, let’s take a glance at the latest action surrounding FactSet Research Systems Inc. (NYSE:FDS).
Hedge fund activity in FactSet Research Systems Inc. (NYSE:FDS)
At Q1’s end, a total of 17 of the hedge funds we track were bullish in this stock, a change of 55% from the previous quarter. With hedgies’ sentiment swirling, there exists a few noteworthy hedge fund managers who were increasing their stakes considerably.
When looking at the hedgies we track, Generation Investment Management, managed by David Blood and Al Gore, holds the biggest position in FactSet Research Systems Inc. (NYSE:FDS). Generation Investment Management has a $83.6 million position in the stock, comprising 1.7% of its 13F portfolio. Coming in second is Renaissance Technologies, managed by Jim Simons, which held a $50.9 million position; 0.1% of its 13F portfolio is allocated to the stock. Other hedgies that hold long positions include Ken Griffin’s Citadel Investment Group, Christopher Lord’s Criterion Capital and Robert Joseph Caruso’s Select Equity Group.
As aggregate interest increased, specific money managers were leading the bulls’ herd. Criterion Capital, managed by Christopher Lord, initiated the largest position in FactSet Research Systems Inc. (NYSE:FDS). Criterion Capital had 25.4 million invested in the company at the end of the quarter. Robert Joseph Caruso’s Select Equity Group also made a $16.9 million investment in the stock during the quarter. The other funds with new positions in the stock are SAC Subsidiary’s Sigma Capital Management, Tom Gayner’s Markel Gayner Asset Management, and D. E. Shaw’s D E Shaw.
How are insiders trading FactSet Research Systems Inc. (NYSE:FDS)?
Insider trading activity, especially when it’s bullish, is most useful when the company we’re looking at has experienced transactions within the past half-year. Over the latest six-month time period, FactSet Research Systems Inc. (NYSE:FDS) has experienced zero unique insiders buying, and 7 insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to FactSet Research Systems Inc. (NYSE:FDS). These stocks are IHS Inc. (NYSE:IHS), Broadridge Financial Solutions, Inc. (NYSE:BR), DST Systems, Inc. (NYSE:DST), Morningstar, Inc. (NASDAQ:MORN), and Dun & Bradstreet Corp (NYSE:DNB). This group of stocks are the members of the information & delivery services industry and their market caps match FDS’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| IHS Inc. (NYSE:IHS) | 12 | 1 | 10 |
| Broadridge Financial Solutions, Inc. (NYSE:BR) | 14 | 0 | 9 |
| DST Systems, Inc. (NYSE:DST) | 23 | 1 | 7 |
| Morningstar, Inc. (NASDAQ:MORN) | 8 | 0 | 8 |
| Dun & Bradstreet Corp (NYSE:DNB) | 14 | 0 | 3 |
With the returns demonstrated by our tactics, everyday investors should always pay attention to hedge fund and insider trading sentiment, and FactSet Research Systems Inc. (NYSE:FDS) shareholders fit into this picture quite nicely.
