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Fisher Investments' Top New Stocks of the First Quarter

April 23, 2014 | About:
Holly LaFon

Holly LaFon

277 followers
Ken Fisher (Trades, Portfolio) manages Fisher Investments, under the theory that supply and demand determine markets, and therefore to beat the market investors must find information others don’t know or have misinterpreted. Fisher Investments has $44 billion in assets under management.

In the first quarter of 2014, the firm purchased 57 new stocks, for 3% turnover in the portfolio containing 541 stocks. Below are the largest new buys.

Heartland Payment Systems Inc. (HPY)

Fisher purchased 1,748,920 shares of Heartland Payments Systems Inc., its largest new buy, representing 0.16% of the portfolio. The average quarterly share price was $44.

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Heartland Payment Systems Inc. was incorporated in Delaware in June 2000. Heartland Payment Systems Inc. has a market cap of $1.42 billion; its shares were traded at around $38.63 with a P/E ratio of 18.90 and P/S ratio of 0.70. The dividend yield of Heartland Payment Systems Inc. stocks is 0.70%.

Total System Services Inc. (TSS)

Fisher purchased 333,060 shares of Total System Services, representing 0.023% of the portfolio. The fourth quarter’s share price averaged $31.

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Total System Services Inc. was incorporated in Georgia. Total System Services Inc. has a market cap of $5.41 billion; its shares were traded at around $28.78 with a P/E ratio of 22.20 and P/S ratio of 2.60. The dividend yield of Total System Services Inc. stocks is 1.40%. Total System Services Inc. had an annual average earnings growth of 4.60% over the past 10 years.

Aspen Technology Inc. (AZPN)

Fisher purchased 218,244 shares of Aspen Technology, representing 0.021% of the portfolio. The share price averaged $44 in the first quarter.

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Aspen Technology Inc. was formed in Massachusetts in 1981 and reincorporated in Delaware in 1998. Aspen Technology Inc. has a market cap of $3.69 billion; its shares were traded at around $39.85 with a P/E ratio of 54.30 and P/S ratio of 10.80.

Mobile Mini Inc. (MINI)

Fisher purchased 161,345 shares of Mobile Mini, representing 0.016% of the portfolio. The share price in the first quarter averaged $42.

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Mobile Mini Inc. was founded in 1983. The company is a provider of portable storage solutions in North America and the UK. Mobile Mini Inc. has a market cap of $2.03 billion; its shares were traded at around $43.62 with a P/E ratio of 86.10 and P/S ratio of 5.0. The dividend yield of Mobile Mini Inc. stocks is 0.40%.

Autodesk Inc. (ADSK)

Fisher purchased 101,900 shares of Autodesk Inc., representing 0.011% of the portfolio. The first quarter share price averaged $52.

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Autodesk Inc. was incorporated in California in April 1982 and was reincorporated in Delaware in May 1994. Autodesk Inc. has a market cap of $10.96 billion; its shares were traded at around $48.23 with a P/E ratio of 48.70 and P/S ratio of 4.90. Autodesk Inc. had an annual average earnings growth of 2.60% over the past 10 years. GuruFocus rated Autodesk Inc. the business predictability rank of 2-star.

For more of Ken Fisher (Trades, Portfolio)’s investments, see his portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here!


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