In a filing, Factset Research Systems Inc. revealed its Chief Executive Officer Snow Frederick Philip unloaded Company’s shares for reported $1.36 million on Apr 01 ’24. In the deal valued at $452.10 per share,3,000 shares were sold. As a result of this transaction, Snow Frederick Philip now holds 12,915 shares worth roughly $5.68 million.
Then, Snow Frederick Philip sold 3,000 shares, generating $1,384,650 in total proceeds. Upon selling the shares at $461.55, the Chief Executive Officer now owns 12,915 shares.
Before that, Stern Rachel Rebecca sold 9,247 shares. Factset Research Systems Inc. shares valued at $4,440,317 were divested by the EVP, Chief Legal Officer at a price of $480.19 per share. As a result of the transaction, Stern Rachel Rebecca now holds 2,050 shares, worth roughly $0.9 million.
Barclays downgraded its Factset Research Systems Inc. [FDS] rating to an Equal weight from a an Overweight in a research note published on March 22, 2024; the price target was decreased to $460 from $480. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Hold”. RBC Capital Mkts also remained covering FDS and has decreased its forecast on August 25, 2023 with a “Sector perform” recommendation from previously “an Outperform” rating.
Price Performance Review of FDS
On Tuesday, Factset Research Systems Inc. [NYSE:FDS] saw its stock fall -0.13% to $439.68. Over the last five days, the stock has gained 0.02%. Factset Research Systems Inc. shares have fallen nearly -7.83% since the year began. Nevertheless, the stocks have risen 8.62% over the past one year. While a 52-week high of $488.64 was reached on 03/20/24, a 52-week low of $380.96 was recorded on 04/05/24. SMA at 50 days reached $463.37, while 200 days put it at $445.34. A total of 0.23 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For FDS Stock
The 24-hour chart illustrates a support level at 436.88, which if violated will result in even more drops to 434.09. On the upside, there is a resistance level at 442.89. A further resistance level may holdings at 446.10. The Relative Strength Index (RSI) on the 14-day chart is 39.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.33%. Stochastics %K at 11.24% indicates the stock is a buying.
How much short interest is there in Factset Research Systems Inc.?
A steep rise in short interest was recorded in Factset Research Systems Inc. stocks on Mar 28, 2024, growing by 0.11 million shares to a total of 1.33 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.22 million shares. There was a rise of 8.27%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.96% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.51.
The most recent change occurred on May 15, 2023 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $424 price target.
