Selling Buzz: FactSet Research Systems Inc. [FDS] Chief Executive Officer Snow Frederick Philip sells 2,500 shares of the company

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. FactSet Research Systems Inc. shares valued at $1,079,700 were sold by Snow Frederick Philip on Sep 01. At $431.88 per share, Snow Frederick Philip sold 2,500 shares. The insider’s holdings dropped to 3,988 shares worth approximately $1.57 million following the completion of this transaction.


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Also, Snow Frederick Philip sold 2,500 shares, netting a total of over 1,062,300 in proceeds. Following the sale of shares at $424.92 each, the insider now holds 3,988 shares.

Before that, Reeve Jonathan had sold 335 shares from its account. In a trade valued at $134,519, the EVP, Head of CTS traded FactSet Research Systems Inc. shares for $401.55 each. Upon closing the transaction, the insider’s holdings decreased to 335 shares, worth approximately $43817.25.

As published in a research note from Deutsche Bank on August 26, 2022, FactSet Research Systems Inc. [FDS] has been rated up from a Hold to a Buy and the price target has been revised to $507. This represents a 22.14% premium over Thursday’s closing price. Analysts at Redburn started covering the stock with ‘”a Sell”‘ outlook in a report released in mid May. As of March 30, 2022, Deutsche Bank has initiated its “Hold” rating for FDS. Earlier on December 14, 2021, Northcoast upgraded its rating. Their new recommendation was “a Neutral” for FDS stock which previously was a “a Sell”.

Analyzing FDS’s Price Performance

On Thursday, FactSet Research Systems Inc. [NYSE: FDS] plunged -8.29% to $394.75. The stock’s lowest price that day was $386.81, but it reached a high of $417.72 in the same session. During the last five days, there has been a drop of approximately -11.62%. Over the course of the year, FactSet Research Systems Inc. shares have dropped approximately -18.78%. Shares of the company reached a 52-week high of $486.49 on 01/03/22 and a 52-week low of $345.92 on 06/17/22. A 50-day SMA is recorded $430.88, while a 200-day SMA reached $418.51. Nevertheless, trading volume fell to 1.21 million shares from 0.23 million shares the previous day.

Support And Resistance Levels for FactSet Research Systems Inc. (FDS)

According to the 24-hour chart, there is a support level at 381.80, which, if violated, would cause prices to drop to 368.85. In the upper region, resistance lies at 412.71. The next price resistance is at 430.67. RSI (Relative Strength Index) is 27.45 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -18.62, which suggests the price will decrease in the coming days. Percent R is at 88.90%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is FactSet Research Systems Inc. subject to short interest?

Stocks of FactSet Research Systems Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 88290.0 shares to 0.64 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 0.55 million shares. A jump of 13.83% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.03 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.03.

Which companies own the most shares of FactSet Research Systems Inc. (FDS)?

According to The Vanguard Group, Inc. filings, the company currently owns 4,312,186 shares, which is about 11.35% of the total FDS shares outstanding. The investor’s shares have appreciated by 165,788 from its previous 13-F filing of 4146398.0 shares. BlackRock Fund Advisors reduced a -5.66% interest valued at $984.48 million while Loomis, Sayles & Co. LP sold a -199,141 stake. A total of -106,356 shares of FactSet Research Systems Inc. were sold by SSgA Funds Management, Inc. during the quarter, and -12,353 were sold by Wells Fargo Clearing Services LLC. In its current portfolio, Ninety One UK Ltd. holds 1,219,281 shares valued at $528.36 million.

In terms of FactSet Research Systems Inc. share price expectations, FactSet research, analysts set an average price target of $435.64 in the next 12 months, up nearly 2.22% from the previous closing price of $430.45. Analysts anticipate FactSet Research Systems Inc. stock to reach $507.00 by 2022, with the lowest price target being $335.00. On September 30, 2021, UBS assigned a price target of “a Neutral” to the stock and upgraded coverage with a $415.

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