On Jan. 05, Abrams Robin Ann divested U.S. $258,954 in shares of FactSet Research Systems Inc.. The Dir sold 783 shares at a price per share of $330.72. The transaction decreased this specific insider’s holdings to 3,743 shares worth around $1.25 million at present.
Northcoast took its FactSet Research Systems Inc. [FDS] rating to the equivalent of a Sell from a Neutral,in a research note dated June 11, 2020. Other analysts also revised their coverage, with Northcoast’s analysts downgrading the shares from “a Neutral” rating to “a Sell” rating in a research note to investors issued in mid June. In addition, there was a new coverage from Jefferies on November 22, 2019. The research firm rated FDS “a Hold”.
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Is FactSet Research Systems Inc. [NYSE:FDS] a Good Buy Right Now?
It should be noted that FDS technical indicators for short, intermediate as well as long term progress have placed an overall average of 40% as Buy. The average signal changed from 8% Sell in the last week and compares with 72% Buy in the past month. Data from FactSet Research Systems Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.22 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 0.22 million shares while the medium term average advocated for Hold. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.22 million shares.
FDS Price Performance
On Wall Street, FactSet Research Systems Inc. [NYSE:FDS] finished Thursday’s session up 0.65% at $334.40. The stock went up to $336.85 at the same session while its lowest single day price was $332.18. In the last five days, it saw a rise of about 1.83%, FactSet Research Systems Inc. shares gained by almost 0.57% since the beginning of the year. However, the share price has dropped to as low as -8.04% below its one year high. On 01/07/21, the company shares recorded $336.85, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $326.38. The company’s shares have inclined by 24.27% in the past year. The 50-day SMA achieved is $330.87 while the 200-day SMA is $320.40. Volume dropped to 0.2 million from 0.25 million in the previous session.
FactSet Research Systems Inc. [FDS] Valuation Measures
Notably, FactSet Research Systems Inc. [FDS] stock cannot be classified as a good candidate in the listing of underestimated low-priced Financial Data & Stock Exchanges companies to purchase soonest possible with the prevailing 12-month PE ratio of 34.01. The measure means the stock is exchanging at a premium as compared to the 17.71x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 8.28 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 3.78 which means FDS serve an unattractive investment opportunity compared to its competitors.
FDS Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 332.10 level, and in case of violation of this particular level, it will cause more drop to 329.81 level. On the upper level, 339.15 is still the key resistance. The stock may increase to the subsequent resistance at 336.77. The Relative Strength Index (RSI) pinned on the 14-day chart is 50.53, implying a neutral technical stance while the MACD stands at -0.32, meaning price will decrease in the next trading period. Percent R indicator moved to 58.95%, implying low price movement. Stochastic %K at 29.93% suggest holding the stock.
What is the short interest in FactSet Research Systems Inc.?
Short interest in the FactSet Research Systems Inc. stock has surged, increasing by 0.28 million shares to total 0.78 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.06 million, data from Yahoo Finance shows. The decrease of -36.45% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 2.63% of the overall float for the stock.
FactSet Research Systems Inc.’s Biggest Shareholders: Who Owns FactSet Research Systems Inc. [FDS]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 3,653,274 shares or roughly 9.62% of the outstanding FDS shares. This means their shares have reduced by -104,379 from the 3,653,274 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $1,188,213,970. Details in the latest 13F filings reveal that BAMCO, Inc. disposed off their -1.36% stake valued at $909,944,907 while Loomis, Sayles & Co. LP cut theirs at $892,510,954. During the last quarter, BAMCO, Inc. liquidated -37,556 of its shares in FactSet Research Systems Inc. while Loomis, Sayles & Co. LP sold -29,482 shares. The Kayne Anderson Rudnick Investment’s holdings currently number 1,635,540 shares at $546924576.0. According to the firm’s last 13F report, Wells Fargo Clearing Services LLC shares in the company at filing stood at 1,513,373 shares, roughly $505,103,372.
FDS Earnings Forecast For The Current Quarter
FactSet Research Systems Inc. [FDS] is expected to report strong earnings results for the quarter ending on Feb 2021. Consensus estimates give the company expected revenues of $391.52M and an earnings per share of $2.73 for Feb 2021. Looking further ahead, the company is expected to report revenue of $396.32M at an EPS of $2.78 for May 2021. The estimates represent 4.70% and 5.97% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
FDS Earnings Estimates For The Current Year
For the financial year, FactSet Research Systems Inc. [NYSE:FDS] is expected to bring in revenue of $1.58B. The returns are nearly $90.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 11.18, higher than that of FY20 by $0.31. Estimates put this year’s earnings growth at 2.90%, 5.90% for the next, and at an annual 6.00% over the next 5-year period. As for sales, forecasts are for an increase of 5.70% in the current fiscal year and a further 4.70% over the following year.
What are analyst thoughts on FactSet Research Systems Inc.?
Looking forward to the FactSet Research Systems Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for FactSet Research Systems Inc. stock at $315.00 within the next 12 months, which represents almost -6.16 per cent growth from its previous closing price of $334.40. The highest analysts’ target for FactSet Research Systems Inc. stock projections is $351.00 and the lowest one is $263.00. Still, 16 analysts sharing their consensus rating for FDS stock in 2021 agree that it is an Underweight.