PDS Planning Inc Purchases 121 Shares of Thomson Reuters Co. (NYSE:TRI)

PDS Planning Inc boosted its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,237 shares of the business services provider’s stock after buying an additional 121 shares during the period. PDS Planning Inc’s holdings in Thomson Reuters were worth $382,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TRI. Janus Henderson Group PLC raised its position in shares of Thomson Reuters by 23.8% during the 1st quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock valued at $2,612,000 after buying an additional 3,223 shares in the last quarter. Bessemer Group Inc. boosted its position in Thomson Reuters by 874.0% during the first quarter. Bessemer Group Inc. now owns 130,744 shares of the business services provider’s stock valued at $20,351,000 after buying an additional 117,320 shares during the period. &PARTNERS bought a new position in shares of Thomson Reuters during the second quarter valued at about $278,000. Quantbot Technologies LP bought a new stake in shares of Thomson Reuters in the 1st quarter valued at about $610,000. Finally, Forsta AP Fonden boosted its holdings in Thomson Reuters by 151.2% during the 1st quarter. Forsta AP Fonden now owns 78,588 shares of the business services provider’s stock valued at $12,242,000 after acquiring an additional 47,300 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Price Performance

NYSE TRI opened at $165.02 on Tuesday. The company has a 50-day moving average price of $168.79 and a 200-day moving average price of $166.46. Thomson Reuters Co. has a 52 week low of $127.15 and a 52 week high of $176.03. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $74.24 billion, a P/E ratio of 31.67, a PEG ratio of 5.54 and a beta of 0.73.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRI. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $164.00 to $182.00 in a report on Tuesday, August 27th. JPMorgan Chase & Co. boosted their target price on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Finally, Royal Bank of Canada boosted their price objective on shares of Thomson Reuters from $168.00 to $171.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Thomson Reuters currently has an average rating of “Hold” and an average price target of $175.56.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.