JPMorgan Chase & Co. significantly reduced its stake in FactSet Research Systems Inc. (NYSE:FDS) by selling 281,332 shares, lowering its holdings by 67.2% to 137,408 shares valued at approximately $39.37 million. Concurrently, two FactSet directors also sold substantial portions of their shares, reducing their holdings by over 70%. FactSet recently reported strong quarterly earnings, exceeding expectations, and announced a new $600 million share repurchase plan and a $1.10 quarterly dividend.
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JPMorgan Chase & Co. Sells 281,332 Shares of FactSet Research Systems Inc. $FDS
JPMorgan Chase & Co. significantly reduced its stake in FactSet Research Systems Inc. (NYSE:FDS) by selling 281,332 shares, lowering its holdings by 67.2% to 137,408 shares valued at approximately $39.37 million. Concurrently, two FactSet directors also sold substantial portions of their shares, reducing their holdings by over 70%. FactSet recently reported strong quarterly earnings, exceeding expectations, and announced a new $600 million share repurchase plan and a $1.10 quarterly dividend.