ADD HALF POSITION IN FACTSET RESEARCH AT $163.94 (FDS-US)
Factset Research Systems Inc. provides financial information and analytical applications to the global investment community. The Company delivers insight and information to investment professionals through its analytics, service, content, and technology. Its offerings include a complete services solution focused on verifying, cleaning and loading portfolio data across asset classes, and an execution management system. JUSTIFICATION Factset is one of the TOP 20 Purple Chip stocks because it has grown earnings consistently for the last 20 years. This is the main reason that the stock commands a higher PE multiple (23.9X). FFDS pays a dividend, but we are only adding a half position because we will raise our position to 5% if the stock reaches our low valuation target. The Purple Chips 12 – 18 month target is $188.00
