Trader-Based Social Network TradingView Raises $37 Million In Series B Funding

TradingView, winner of Best Analysis Tool at Benzinga’s 2017 Fintech Awards, announced Monday that it closed a $37-million round of Series B financing meant to expand its software suite and international reach.

The seven-year-old company operates one of the market’s largest financial and social platforms meant to democratize trading among self-directed investors.

With more cash on hand, TradingView intends to expand over the next six to 12 months by:

Moving its headquarters to the financial hub of New York; Expanding charting and analytics data with the potential addition of options; Adding more U.S. and international brokers, such as Robinhood, E*TRADE Financial Corp (NADSAQ: ETFC) and TD Ameritrade Holding Corp. (NASDAQ: AMTD); Incorporating big crypto exchanges; and Building out mobile and app platforms.

It also plans to improve international interactions.

"There's a lot of things to be done in terms of visibility in each region," TradingView COO Stan Bokov told Benzinga. "China is huge in the trading world, and it requires Weibo, QQ and Alipay integrations, etc. so we'll be focusing a lot on local needs, what kind of news they need, data, experience, pricing, etc."

TradingView's products appeal largely to millennials but also support institutional clients such as CME Group, Investopedia, Zacks and national exchanges.

"TradingView has clearly emerged as the preeminent charting platform and social network for active traders," Peter Johnson, vice president at Jump Capital, said in a press release. "Their tools have become an invaluable resource to the trading community, as demonstrated by their rapid growth to over 8 million monthly users and integrations into thousands of leading exchanges and financial applications."

In its early days, TradingView got a boost from TechStars Chicago and secured $3.7 million from TechStars, Irish Angels, iTech Capital and other angel investors. Its latest round of financing was led by Insight Venture Partners with contributions from Jump Capital and DRW Venture Capital.

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Photo courtesy of TradingView.

Eros International Media surges 17% on strong show in March quarter

Shares of Eros International Media surged more than 17 percent intraday Thursday on the back of robust fourth quarter earnings.

The company has registered 85 percent growth in its Q4 net profit at Rs 58.69 crore against Rs 31.67 crore in a year ago period.

Revenue from operation was up 29 percent at Rs 233.77 crore from Rs 180.62 core.

EBITDA or operating profit was up 130 percent at Rs 90 crore and margin was up at 37 percent.

Sunil Lulla, Executive Vice Chairman & MD of Eros International Media said, "As the dynamics of the country change with connectivity at the core of distribution we are uniquely positioned to leverage these trends with content being the key driving force. Our strategy of a content driven approach reflected in a robust green lighting process enables us to de-risk our model.��

At 12:34 hrs Eros International Media was quoting at Rs 135.20, up Rs 15.65, or 13.09 percent on the BSE.

Posted by Rakesh Patil

Here's the Real Takeaway From Uniti Group's Earnings Report

Telecom infrastructure operator Uniti Group (NASDAQ:UNIT) recently reported first-quarter results. The former networking assets segment of more traditional telecom Windstream Holdings (NASDAQ:WIN) delivered a decent-enough set of financial numbers, but the key takeaway from this report was actually found in the earnings call.

Spoiler alert: Uniti is becoming less and less dependent on Windstream's business. That's a good thing.

Image source: Getty Images.

The simple facts about Uniti's Q1

In the first quarter, Uniti's top-line sales rose 17% higher year over year to land at $247 million. On the bottom line, the year-ago period's GAAP net loss of $0.14 per share tightened up to a smaller $0.01 loss per share. Adjusted funds from operations fell from $0.65 to $0.62 per share. That's the closest thing to "adjusted earnings" for real-estate investment trusts like Unity, so this is the figure you might see analysts painting earnings targets around.

Wall Street analysts had been expecting adjusted earnings -- or AFFO -- of roughly $0.63 per share on revenues near $247 million. So, the report was nearly in line with Wall Street estimates, just a touch short of the bottom-line target.

Uniti also closed a couple of strategic asset acquisitions in or after the first quarter. The standout among these deals was the buyout of 270,000 fiber strand miles of dark optical network connections stretched out between major cities in 25 American states. These fiber miles became available due to regulatory requirements as former owner CenturyLink (NYSE:CTL) closed its buyout of Level 3 Communications. One unnamed tenant has already signed on to lease 11% of these fibers in a multiyear agreement, and more contracts are in the works.

The real deal

The CenturyLink fibers play into the real takeaway from Uniti's report. Long story short, the company is separating its operations from Windstream as fast as possible. Adding new network assets like the CenturyLink fibers helps Uniti move closer to that Windstream-less ideal. As a reminder, Windstream's telecom service business is falling apart, and the company spun off its best assets to create Uniti three years ago. Widening the business gap between these two businesses can only be good for Uniti and its shareholders.

The company collected 34% of its first-quarter revenues from clients not named Windstream. Three years ago, Windstream was Uniti's only revenue source. By the summer of 2019, management hopes to have reached the point where non-Windstream sales account for more than half of the total top-line revenue stream.

Uniti CEO Kenny Gunderman provided some color commentary around this goal.

"In terms of the 50% goal that we have given for midyear 2019, we still feel good about it," he said. "And we don't just use that number and give that time period loosely. We really have put some thought into it just like we have in the past."

The current pipeline of planned projects and deals under negotiation puts Uniti on a solid path to reach these targets and relegate Windstream to supplying something less than a majority of its overall revenues. But Gunderman wanted to make it very clear that he doesn't want this diversification target to stop Uniti from achieving other goals.

"So we still feel good about it," Gunderman said, "but again, it's a target. It's not a mandate. We're not going to do it at any cost. We're going to do it where it makes sense for us."

Image source: Getty Images.

The upshot: Uniti is cutting ties with a huge value trap

As a Uniti shareholder myself, that's exactly what I wanted to hear. Management has a clear and achievable plan in place to diversify its revenue stream away from Windstream, but they won't commit to promises that could throw Uniti's business priorities off kilter. Steady as she goes, toward a less risky future with lots of revenue sources, big and small.

At the same time, Uniti's dividend provides an ultra-generous 14% yield because investors haven't quite embraced the lower client profile Windstream presents nowadays.

Feel free to lock in those extreme yields while they last. Uniti shares are trading at less than 8 times projected AFFO per share, and that's probably a mistake.

Top 5 High Tech Stocks To Own Right Now

tags:EARN,CA,KOOL,VECO,TAC,

Maxar Technologies (TSE:MAXR) has been assigned a consensus rating of “Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$82.11.

A number of brokerages recently issued reports on MAXR. Raymond James lowered their price target on Maxar Technologies from C$84.00 to C$80.00 and set a “market perform” rating for the company in a report on Friday, February 23rd. Canaccord Genuity lowered their price target on Maxar Technologies from C$90.00 to C$70.00 and set a “buy” rating for the company in a report on Friday, February 23rd. TD Securities boosted their price target on Maxar Technologies from C$69.00 to C$72.00 in a report on Thursday. BMO Capital Markets lowered their price target on Maxar Technologies from C$89.00 to C$81.00 in a report on Friday, February 23rd. Finally, CIBC lowered their price target on Maxar Technologies from C$90.00 to C$88.00 in a report on Friday, February 23rd.

Top 5 High Tech Stocks To Own Right Now: Ellington Residential Mortgage REIT(EARN)

Advisors' Opinion:

• [By Shane Hupp]

  Ellington Residential (NYSE:EARN) major shareholder Holdings L.P. Blackstone III bought 11,909 shares of Ellington Residential stock in a transaction that occurred on Monday, May 14th. The stock was purchased at an average cost of $11.26 per share, for a total transaction of $134,095.34. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Top 5 High Tech Stocks To Own Right Now: CA Inc.(CA)

Advisors' Opinion:

• [By Shane Hupp]

  CA Technologies (NASDAQ:CA) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.75-$2.81 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.74. The company issued revenue guidance of $4.25-$4.29 billion, compared to the consensus revenue estimate of $4.31 billion.

• [By Joseph Griffin]

  CA Technologies (NASDAQ:CA) – Equities researchers at Oppenheimer issued their Q1 2019 earnings estimates for CA Technologies in a research note issued to investors on Wednesday, May 9th. Oppenheimer analyst S. Eyal expects that the technology company will earn $0.62 per share for the quarter. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for CA Technologies’ Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.62 EPS and FY2020 earnings at $2.68 EPS.

• [By ]

  CA, Inc. (Nasdaq: CA)
  Known in a former life as Computer Associates, CA is the biggest software company you've never heard of. With a market cap of $13.8 billion and annual revenues in excess of $4 billion, CA provides enterprise software solutions focusing on mainframe platforms, enterprise environments, database security operations, and cloud applications.

Top 5 High Tech Stocks To Own Right Now: THERMOGENESIS Corp.(KOOL)

Advisors' Opinion:

• [By Lisa Levin]

  Shares of Cesca Therapeutics Inc. (NASDAQ: KOOL) were down 21 percent to 0.88 after reporting Q1 results.

  Netshoes (Cayman) Limited (NASDAQ: NETS) was down, falling around 36 percent to $3.27 as the company posted downbeat Q1 results.

• [By Paul Ausick]

  Cesca Therapeutics Inc. (NASDAQ: KOOL) traded down nearly 34% Wednesday to post a new 52-week low of $0.52 after closing Tuesday at $0.80. The stock’s 52-week high is $6.44. Volume was about 40 times the daily average of around 142,000 shares. The company priced a secondary offering of 9.17 million units at $0.60 per unit of one common share and one common warrant to purchase an additional common share.

• [By Lisa Levin]

   

  Losers Netshoes (Cayman) Limited (NASDAQ: NETS) shares dipped 43.73 percent to close at $2.87 on Tuesday as the company posted downbeat Q1 results. Cesca Therapeutics Inc. (NASDAQ: KOOL) shares dropped 29.01 percent to close at $0.80 after reporting Q1 results. SenesTech, Inc. (NASDAQ: SNES) shares fell 22.2 percent to close at $0.340 after reporting Q1 miss. Vipshop Holdings Limited (NYSE: VIPS) fell 19.95 percent to close at $12.08 after the company reported weaker-than-expected earnings for its first quarter on Monday. Image Sensing Systems, Inc. (NASDAQ: ISNS) fell 19.68 percent to close at $3.775 after reporting earnings were down year over year. First quarter earnings came in flat, down from 4 cents per share in the same quarter of last year. Sales came in at $3.01 million. Boxlight Corporation (NASDAQ: BOXL) dropped 18.47 percent to close at $9.62 on Tuesday after surging 77.44 percent on Monday. ENDRA Life Sciences Inc. (NASDAQ: NDRA) declined 16.21 percent to close at $2.43. ENDRA Life Sciences is expected to release quarterly earnings today. ALJ Regional Holdings, Inc. (NASDAQ: ALJJ) shares fell 16.13 percent to close at $1.79. Switch Inc (NYSE: SWCH) shares dropped 14.93 percent to close at $13.16 following a first-quarter earnings miss. Restoration Robotics Inc (NASDAQ: HAIR) fell 14.42 percent to close at $3.68 after reporting a first-quarter earnings miss. iCAD, Inc. (NASDAQ: ICAD) declined 13.01 percent to close at $3.41 following Q1 results. Intersections Inc. (NASDAQ: INTX) fell 12.44 percent to close at $1.97. Histogenics Corporation (NASDAQ: HSGX) declined 12.24 percent to close at $2.15. AZZ Inc. (NYSE: AZZ) fell 12.1 percent to close at $39.60 following Q3 earnings. Hallador Energy Company (NASDAQ: HNRG) fell 11.1 percent to close at $6.49. Integrated Media Technology Limited (NASDAQ: IMTE) dropped 10.66 percent to close at $16.93 on Tuesday. Myomo, Inc. (NYSE: MYO) slipp
• [By Lisa Levin]

  Shares of Cesca Therapeutics Inc. (NASDAQ: KOOL) were down 24 percent to $0.8552 after reporting Q1 results.

  Netshoes (Cayman) Limited (NASDAQ: NETS) was down, falling around 38 percent to $3.15 as the company posted downbeat Q1 results.

• [By Logan Wallace]

  Cesca Therapeutics (NASDAQ:KOOL) shares reached a new 52-week high and low on Tuesday . The company traded as low as $0.76 and last traded at $0.88, with a volume of 9160 shares changing hands. The stock had previously closed at $0.83.

Top 5 High Tech Stocks To Own Right Now: Veeco Instruments Inc.(VECO)

Advisors' Opinion:

• [By Lisa Levin]

  Breaking news

  Henry Schein, Inc. (NASDAQ: HSIC) reported upbeat earnings for its first quarter. AES Corp (NYSE: AES) reported upbeat earnings for its first quarter, while sales missed estimates. Veeco Instruments Inc. (NASDAQ: VECO) reported stronger-than-expected earnings for its first quarter. Snap Inc (NYSE: SNAP) disclosed that its CFO Andrew Vollero will leave the company and Amazon.com's VP Of Finance Tim Sloan will assume the role.

• [By Lisa Levin]

  Some of the stocks that may grab investor focus today are:

  Wall Street expects Discovery, Inc. (NASDAQ: DISCA) to report quarterly earnings at $0.44 per share on revenue of $1.99 billion before the opening bell. Discovery shares rose 0.47 percent to $23.50 in pre-market trading. Analysts expect Marriott International, Inc. (NASDAQ: MAR) to post quarterly earnings at $1.22 per share on revenue of $5.72 billion after the closing bell. Marriott shares gained 0.08 percent to $136.75 in pre-market trading. Veeco Instruments Inc. (NASDAQ: VECO) reported stronger-than-expected earnings for its first quarter. Veeco Instruments shares surged 14.04 percent to $19.50 in the after-hours trading session. Before the markets open, DISH Network Corporation (NASDAQ: DISH) is projected to report quarterly earnings at $0.7 per share on revenue of $3.50 billion. DISH shares gained 1.53 percent to close at $33.90 on Monday. Analysts are expecting US Foods Holding Corp. (NYSE: USFD) to have earned $0.32 per share on revenue of $5.98 billion in the latest quarter. US Foods will release earnings before the markets open. US Foods shares rose 0.57 percent to close at $33.72 on Monday. Snap Inc (NYSE: SNAP) disclosed that its CFO Andrew Vollero will leave the company and Amazon.com's VP Of Finance Tim Sloan will assume the role. Snap shares gained 1.3 percent to $10.88 in pre-market trading.

  Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

• [By Max Byerly]

  Media stories about Veeco (NASDAQ:VECO) have been trending positive on Thursday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Veeco earned a news impact score of 0.25 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 46.7650210874662 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Top 5 High Tech Stocks To Own Right Now: TransAlta Corporation(TAC)

Advisors' Opinion:

• [By Stephan Byrd]

  Shares of TransAlta (TSE:TA) (NYSE:TAC) have been given a consensus rating of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$8.25.

• [By Joseph Griffin]

  TransAlta (NYSE: TAC) is one of 69 publicly-traded companies in the “Electric services” industry, but how does it contrast to its peers? We will compare TransAlta to similar businesses based on the strength of its valuation, analyst recommendations, institutional ownership, profitability, earnings, risk and dividends.

Brokerages Set Hortonworks (HDP) Target Price at $22.14

Hortonworks (NASDAQ:HDP) has been given an average rating of “Buy” by the seventeen research firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $22.33.

HDP has been the subject of a number of recent analyst reports. DA Davidson initiated coverage on Hortonworks in a research note on Friday, March 9th. They issued a “buy” rating and a $24.00 price target for the company. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $24.00 price target (up from $23.00) on shares of Hortonworks in a research note on Friday, March 9th. Zacks Investment Research raised Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Friday, May 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price target on shares of Hortonworks in a research note on Thursday.

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In other Hortonworks news, CEO Robert G. Bearden sold 125,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $20.42, for a total transaction of $2,552,500.00. Following the completion of the transaction, the chief executive officer now owns 1,830,727 shares of the company’s stock, valued at approximately $37,383,445.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michelangelo Volpi sold 561,692 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $18.51, for a total value of $10,396,918.92. Following the transaction, the director now directly owns 10,838 shares of the company’s stock, valued at approximately $200,611.38. The disclosure for this sale can be found here. Insiders sold a total of 1,892,048 shares of company stock valued at $34,856,511 over the last quarter. 15.60% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. UBS Group AG boosted its position in Hortonworks by 15.1% during the 1st quarter. UBS Group AG now owns 26,566 shares of the software maker’s stock worth $541,000 after acquiring an additional 3,478 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Hortonworks by 0.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 907,900 shares of the software maker’s stock worth $18,258,000 after acquiring an additional 3,850 shares during the last quarter. Gradient Investments LLC boosted its position in Hortonworks by 21.8% during the 4th quarter. Gradient Investments LLC now owns 25,629 shares of the software maker’s stock worth $515,000 after acquiring an additional 4,581 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in Hortonworks by 29.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 21,949 shares of the software maker’s stock worth $447,000 after acquiring an additional 5,023 shares during the last quarter. Finally, Swiss National Bank boosted its position in Hortonworks by 7.8% during the 1st quarter. Swiss National Bank now owns 86,200 shares of the software maker’s stock worth $1,756,000 after acquiring an additional 6,200 shares during the last quarter. 66.58% of the stock is owned by hedge funds and other institutional investors.

Shares of HDP stock traded up $0.47 on Monday, reaching $17.54. The company had a trading volume of 1,310,050 shares, compared to its average volume of 872,632. The stock has a market cap of $1.35 billion, a PE ratio of -5.73 and a beta of 1.42. Hortonworks has a 12 month low of $11.50 and a 12 month high of $22.00.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Tuesday, May 8th. The software maker reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.07. The company had revenue of $79.06 million during the quarter, compared to the consensus estimate of $75.26 million. The business’s revenue was up 41.3% compared to the same quarter last year. During the same period last year, the company earned ($0.50) earnings per share. analysts anticipate that Hortonworks will post -2.14 EPS for the current year.

About Hortonworks

Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.

Analysts Anticipate FactSet (FDS) Will Announce Quarterly Sales of $339.71 Million

Equities analysts expect that FactSet (NYSE:FDS) will post $339.71 million in sales for the current quarter, according to Zacks. Eight analysts have made estimates for FactSet’s earnings, with the lowest sales estimate coming in at $336.16 million and the highest estimate coming in at $342.00 million. FactSet posted sales of $312.12 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.8%. The company is scheduled to announce its next quarterly earnings report on Tuesday, June 26th.

According to Zacks, analysts expect that FactSet will report full-year sales of $1.35 billion for the current year, with estimates ranging from $1.35 billion to $1.36 billion. For the next year, analysts anticipate that the firm will post sales of $1.43 billion per share, with estimates ranging from $1.43 billion to $1.45 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover FactSet.

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FactSet (NYSE:FDS) last issued its quarterly earnings data on Tuesday, March 27th. The business services provider reported $2.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.06. FactSet had a return on equity of 54.00% and a net margin of 19.07%. The business had revenue of $335.20 million during the quarter, compared to analysts’ expectations of $333.78 million. During the same period in the previous year, the firm posted $1.81 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis.

Several research analysts recently commented on the company. Bank of America boosted their target price on FactSet from $210.00 to $214.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 18th. Zacks Investment Research raised FactSet from a “hold” rating to a “buy” rating and set a $237.00 target price for the company in a research note on Tuesday, March 20th. Cantor Fitzgerald boosted their target price on FactSet from $187.00 to $203.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 28th. Stifel Nicolaus boosted their target price on FactSet from $169.00 to $184.00 and gave the stock a “hold” rating in a research note on Wednesday, March 28th. Finally, UBS boosted their target price on FactSet from $179.00 to $184.00 and gave the stock a “sell” rating in a research note on Wednesday, March 28th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $196.15.

In other news, CFO Maurizio Nicolelli sold 5,675 shares of the company’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $198.00, for a total transaction of $1,123,650.00. Following the completion of the transaction, the chief financial officer now directly owns 9,129 shares of the company’s stock, valued at approximately $1,807,542. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott A. Billeadeau sold 1,500 shares of the company’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $197.55, for a total value of $296,325.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at $98,775. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in FDS. Dimensional Fund Advisors LP boosted its position in shares of FactSet by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 168,037 shares of the business services provider’s stock worth $30,264,000 after acquiring an additional 432 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of FactSet by 78.0% in the 4th quarter. Bank of Montreal Can now owns 6,739 shares of the business services provider’s stock valued at $1,299,000 after purchasing an additional 2,954 shares during the last quarter. Profit Investment Management LLC lifted its holdings in shares of FactSet by 61.9% in the 4th quarter. Profit Investment Management LLC now owns 14,853 shares of the business services provider’s stock valued at $2,863,000 after purchasing an additional 5,681 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of FactSet by 4.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 168,001 shares of the business services provider’s stock valued at $32,384,000 after purchasing an additional 7,670 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of FactSet in the 4th quarter valued at about $539,000. 95.34% of the stock is owned by institutional investors and hedge funds.

Shares of FactSet traded down $0.27, reaching $197.63, during trading on Thursday, according to Marketbeat. The stock had a trading volume of 190,374 shares, compared to its average volume of 309,644. FactSet has a fifty-two week low of $155.09 and a fifty-two week high of $217.36. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $7.71 billion, a PE ratio of 27.04, a PEG ratio of 2.06 and a beta of 0.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Thursday, May 31st will be given a dividend of $0.64 per share. This is a boost from FactSet’s previous quarterly dividend of $0.56. This represents a $2.56 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, May 30th. FactSet’s dividend payout ratio is currently 30.64%.

FactSet declared that its board has initiated a stock buyback program on Tuesday, March 27th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the business services provider to purchase up to 3.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

FactSet 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. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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