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Factset Research Systems Inc. (FDS) Becoming More Attractive for Investors

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Factset Research Systems Inc.’s recently made public that its Chief Executive Officer Snow Frederick Philip unloaded Company’s shares for reported $1.25 million on Sep 03 ’24. In the deal valued at $416.59 per share,3,000 shares were sold. As a result of this transaction, Snow Frederick Philip now holds 12,915 shares worth roughly $5.69 million.

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Then, Snow Frederick Philip bought 3,000 shares, generating $1,249,770 in total proceeds.

Before that, Snow Frederick Philip sold 3,000 shares. Factset Research Systems Inc. shares valued at $1,238,250 were divested by the Chief Executive Officer at a price of $412.75 per share. As a result of the transaction, Snow Frederick Philip now holds 12,915 shares, worth roughly $5.69 million.

Wells Fargo initiated its Factset Research Systems Inc. [FDS] rating to an Equal weight in a research note published on August 13, 2024; the price target was $435. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late May from “a Neutral” to “an Underperform”. Wolfe Research began covering FDS with “an Underperform” recommendation on April 11, 2024. Barclays revised its rating on March 22, 2024. It rated FDS as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of FDS

On Tuesday, Factset Research Systems Inc. [NYSE:FDS] saw its stock jump 2.76% to $440.73. Over the last five days, the stock has gained 3.30%. Factset Research Systems Inc. shares have fallen nearly -7.61% since the year began. Nevertheless, the stocks have risen 2.73% over the past one year. While a 52-week high of $488.64 was reached on 03/20/24, a 52-week low of $391.84 was recorded on 06/05/24. SMA at 50 days reached $416.14, while 200 days put it at $439.58.

Levels Of Support And Resistance For FDS Stock

The 24-hour chart illustrates a support level at 431.90, which if violated will result in even more drops to 423.07. On the upside, there is a resistance level at 445.61. A further resistance level may holdings at 450.48. The Relative Strength Index (RSI) on the 14-day chart is 70.08, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.64%. Stochastics %K at 79.19% indicates the stock is a holding.

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 2024-08-15, dropping by -0.12 million shares to a total of 2.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.17 million shares. There was a decline of -5.88%, which implies that there is a negative sentiment for the stock.

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