FactSet Research Systems (NYSE:FDS) Stock Price Down 5.9% - Should You Sell?

Key Points

• FactSet (FDS) shares dropped 5.9% intraday to $211.27 on low volume (295,830 vs. a 960,281 average), trading below both its 50‑day ($217.35) and 200‑day ($251.74) moving averages.
• Analysts have cut targets and ratings recently—Barclays to $210/underweight, Goldman to $217/sell and BofA initiating at $195/underperform—leaving a consensus rating of "Reduce" and a $279.85 consensus price target.
• Fundamentals remain solid: FactSet beat Q1 estimates (EPS $4.46 vs. $4.37; revenue $611.02M vs. $604.78M), with a net margin of 24.48%, ROE of 30.25%, market cap ~ $8B and a PE of 14.12.

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) fell 5.9% during mid-day trading on Tuesday . The company traded as low as $216.46 and last traded at $211.2720. 295,830 shares changed hands during trading, a decline of 69% from the average session volume of 960,281 shares. The stock had previously closed at $224.44.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays dropped their target price on shares of FactSet Research Systems from $300.00 to $210.00 and set an "underweight" rating for the company in a report on Monday, February 23rd. UBS Group dropped their target price on shares of FactSet Research Systems from $425.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, April 1st. The Goldman Sachs Group dropped their target price on shares of FactSet Research Systems from $253.00 to $217.00 and set a "sell" rating for the company in a report on Wednesday, April 1st. Weiss Ratings reiterated a "sell (d+)" rating on shares of FactSet Research Systems in a report on Friday, March 27th. Finally, Bank of America assumed coverage on shares of FactSet Research Systems in a report on Tuesday, February 17th. They issued an "underperform" rating and a $195.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $279.85.

FactSet Research Systems Trading Down 2.2%

The firm has a market capitalization of $8.00 billion, a PE ratio of 14.12, a PEG ratio of 1.98 and a beta of 0.69. The company's 50-day moving average price is $217.35 and its 200-day moving average price is $251.74. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.37 by $0.09. The business had revenue of $611.02 million during the quarter, compared to analysts' expectations of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The company's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $4.28 EPS. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.65 earnings per share for the current year.

Institutional Investors Weigh In On FactSet Research Systems

Institutional investors have recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its position in FactSet Research Systems by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider's stock valued at $3,071,000 after acquiring an additional 30 shares during the last quarter. Aurora Investment Managers LLC. lifted its position in FactSet Research Systems by 0.9% in the fourth quarter. Aurora Investment Managers LLC. now owns 3,928 shares of the business services provider's stock valued at $1,140,000 after acquiring an additional 35 shares during the last quarter. Miracle Mile Advisors LLC lifted its position in FactSet Research Systems by 3.3% in the third quarter. Miracle Mile Advisors LLC now owns 1,145 shares of the business services provider's stock valued at $328,000 after acquiring an additional 37 shares during the last quarter. Covestor Ltd lifted its position in FactSet Research Systems by 53.4% in the third quarter. Covestor Ltd now owns 112 shares of the business services provider's stock valued at $33,000 after acquiring an additional 39 shares during the last quarter. Finally, WPG Advisers LLC lifted its position in FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider's stock valued at $27,000 after acquiring an additional 40 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company's core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.