Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Factset Research Systems Inc. shares valued at $1,226,940 were sold by Snow Frederick Philip on Jul 01 ’24. At $408.98 per share, Snow Frederick Philip sold 3,000 shares. The insider’s holdings dropped to 12,915 shares worth approximately $5.39 million following the completion of this transaction.
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Also, ABRAMS ROBIN ANN sold 2,375 shares, netting a total of over 999,186 in proceeds. Following the sale of shares at $420.71 each, the insider now holds 9,193 shares.
Before that, Stepp Katherine M had sold 1,057 shares from its account. In a trade valued at $452,840, the Chief Technology Officer (CTO) traded Factset Research Systems Inc. shares for $428.42 each. Upon closing the transaction, the insider’s holdings decreased to 1,057 shares, worth approximately $0.29 million.
As published in a research note from BofA Securities on May 30, 2024, Factset Research Systems Inc. [FDS] has been rated down from a Neutral to an Underperform and the price target has been revised to $407 from $500. Analysts at Wolfe Research started covering the stock with ‘”an Underperform”‘ outlook in a report released in mid April. As of March 22, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for FDS. Earlier on December 08, 2023, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for FDS stock which previously was a “a Buy”.
Analyzing FDS Stock Performance
During the last five days, there has been a surge of approximately 0.35%. Over the course of the year, Factset Research Systems Inc. shares have dropped approximately -12.56%. Shares of the company reached a 52-week high of $488.64 on 03/20/24 and a 52-week low of $391.84 on 06/05/24. A 50-day SMA is recorded $421.69, while a 200-day SMA reached $445.65. Nevertheless, trading volume fell to 0.14 million shares from 0.3 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 414.04, which, if violated, would cause prices to drop to 411.32. In the upper region, resistance lies at 419.73. The next price resistance is at 422.70. RSI (Relative Strength Index) is 51.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.97, which suggests the price will increase in the coming days. Percent R is at 51.31%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
