This $24 Million Buy Amid a 45% Stock Drop Signals Conviction in a High-Margin Data Business

On January 30, McDonald Capital Investors disclosed a buy of 86,891 shares of FactSet Research Systems (NYSE:FDS), an estimated $24.39 million trade based on quarterly average pricing. What happened According to a filing with the Securities and Exchange Commission dated January 30, McDonald Capital Investors increased its stake in FactSet Research Systems (NYSE:FDS) by 86,891 shares during the fourth quarter. The estimated transaction value, based on the quarter’s average closing price, was approximately ...