FactSet Research Systems Inc. (FDS) Forms Double Top; Strong Momentum for Buyers Coming

July 27, 2018 - By Vernon Prom

FactSet Research Systems Inc. (NYSE:FDS) Logo

Investors sentiment increased to 0.97 in 2018 Q1. Its up 0.09, from 0.88 in 2017Q4. It is positive, as 28 investors sold FactSet Research Systems Inc. shares while 124 reduced holdings. 46 funds opened positions while 101 raised stakes. 34.96 million shares or 4.89% less from 36.76 million shares in 2017Q4 were reported.
Tiverton Asset Ltd Liability Corporation holds 0.31% of its portfolio in FactSet Research Systems Inc. (NYSE:FDS) for 22,652 shares. Moreover, Bares Mngmt has 5.81% invested in FactSet Research Systems Inc. (NYSE:FDS) for 761,077 shares. 2,716 are owned by Blair William Il. Epoch Invest Prtn holds 0.01% or 19,334 shares in its portfolio. Neuberger Berman Group Ltd has 0.12% invested in FactSet Research Systems Inc. (NYSE:FDS) for 535,138 shares. San Francisco Sentry Grp (Ca) has invested 0.01% in FactSet Research Systems Inc. (NYSE:FDS). Paradigm Asset Mgmt Ltd owns 750 shares. American Century invested in 0% or 4,116 shares. Sei Invs reported 9,615 shares. Principal Gru holds 0.03% or 169,896 shares. Oregon Employees Retirement Fund reported 0.04% of its portfolio in FactSet Research Systems Inc. (NYSE:FDS). Fiduciary Management Wi holds 0.3% or 249,401 shares in its portfolio. Archford Strategies Limited Liability Corporation owns 29 shares. Virtu Fincl Limited Liability Corporation stated it has 7,798 shares. Roberts Glore Il owns 1,210 shares.

Since April 13, 2018, it had 0 insider purchases, and 4 sales for $17.81 million activity. $14.25M worth of FactSet Research Systems Inc. (NYSE:FDS) shares were sold by HADLEY PHILIP A. Shares for $296,325 were sold by BILLEADEAU SCOTT A.

The chart of FactSet Research Systems Inc. (FDS) shows a double top with $221.37 target or 8.00 % above today’s $204.97 share price. The 8 months chart pattern indicates low risk for the $7.86 billion company. It was reported on Jul, 27 by Finviz.com. If the $221.37 price target is reached, the company will be worth $628.96 million more. Double tops are rare but powerful chart patterns.

The stock decreased 1.14% or $2.37 during the last trading session, reaching $204.97. About 147,163 shares traded. FactSet Research Systems Inc. (NYSE:FDS) has risen 24.05% since July 27, 2017 and is uptrending. It has outperformed by 11.48% the S&P500.

Analysts await FactSet Research Systems Inc. (NYSE:FDS) to report earnings on September, 25. They expect $2.22 earnings per share, up 16.84 % or $0.32 from last year’s $1.9 per share. FDS’s profit will be $85.15 million for 23.08 P/E if the $2.22 EPS becomes a reality. After $2.18 actual earnings per share reported by FactSet Research Systems Inc. for the previous quarter, Wall Street now forecasts 1.83 % EPS growth.

FactSet Research Systems Inc. (NYSE:FDS) Ratings Coverage

Among 8 analysts covering FactSet Research Systems (NYSE:FDS), 0 have Buy rating, 1 Sell and 7 Hold. Therefore 0 are positive. FactSet Research Systems had 11 analyst reports since January 31, 2018 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Wednesday, January 31 with “Equal-Weight”. Morgan Stanley maintained FactSet Research Systems Inc. (NYSE:FDS) on Wednesday, March 28 with “Equal-Weight” rating. The firm has “Neutral” rating given on Wednesday, March 28 by Cantor Fitzgerald. The stock has “Neutral” rating by Bank of America on Wednesday, April 18. The stock of FactSet Research Systems Inc. (NYSE:FDS) has “Hold” rating given on Tuesday, March 27 by Stifel Nicolaus. The stock of FactSet Research Systems Inc. (NYSE:FDS) has “Sell” rating given on Wednesday, March 28 by UBS. The stock of FactSet Research Systems Inc. (NYSE:FDS) has “Hold” rating given on Tuesday, March 27 by Piper Jaffray. The stock of FactSet Research Systems Inc. (NYSE:FDS) earned “Hold” rating by Stifel Nicolaus on Wednesday, June 27. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, June 27 report. The rating was maintained by Wells Fargo with “Market Perform” on Wednesday, June 27.

More news for FactSet Research Systems Inc. (NYSE:FDS) were recently published by: Seekingalpha.com, which released: “Merck Has The Best Anti-Cancer Portfolio – Cramer’s Lightning Round (7/6/18)” on July 09, 2018. Globenewswire.com‘s article titled: “FactSet Launches New Cloud-Based Data Platform on Microsoft Azure” and published on July 24, 2018 is yet another important article.

FactSet Research Systems Inc. provides integrated financial information and data analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company has market cap of $7.86 billion. The companyÂ’s applications suite offers tools and resources, including firm and industry analyses; full screening tools; portfolio analysis; risk profiles; alpha-testing; portfolio optimization; and research management solutions. It has a 32.64 P/E ratio. FactSet Research Systems Inc. delivers insight and information to investment professionals through its analytics, services, contents, and technologies.

FactSet Research Systems Inc. (NYSE:FDS) Institutional Positions Chart

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