Echo Street Capital Management: Greg Poole’s Top 5 Stock Picks

In this article, we discuss Greg Poole’s Echo Street Capital Management’s top 5 stock picks. If you want our detailed analysis of these stocks, go directly to Echo Street Capital Management: Greg Poole’s Top 10 Stock Picks. 

5. FactSet Research Systems Inc. (NYSE:FDS)

Echo Street Capital’s Stake Value: $216,266,000

Percentage of Echo Street Capital’s 13F Portfolio: 1.66%

Number of Hedge Fund Holders: 28

FactSet Research Systems Inc. (NYSE:FDS), a top stock in Greg Poole’s portfolio, is a financial data and software company allowing companies to stay on top of worldwide market trends, company and industry intelligence, manage portfolio risk, monitor performance, and execute trades. Greg Poole, via Echo Street Capital Management, owns 644,398 shares in FactSet Research Systems Inc. (NYSE:FDS), worth over $216 million, representing 1.66% of the firm’s Q2 portfolio. 

FactSet Research Systems Inc. (NYSE:FDS) on November 3 announced a quarterly cash dividend of $0.82 per common share, payable on December 16 to shareholders on record as of November 30. 

At the end of the second quarter of 2021, 28 out of the 873 hedge funds tracked by Insider Monkey were long FactSet Research Systems Inc. (NYSE:FDS), down from 30 in the previous quarter. 

Baron Growth Fund mentioned FactSet Research Systems Inc. (NYSE:FDS) in its Q4 2020 investor letter. Here is what they said: 

“Shares of FactSet Research Systems, Inc., a leading provider of investment management tools, detracted from performance. The company reported resilient first fiscal quarter 2021 earnings results, but shares lagged during the quarter after outperforming earlier in the year. We retain conviction in FactSet due to the large addressable market, consistent execution on both new product development and financial results, and robust free cash flow generation.”