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

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FDS. Evercore boosted their price target on shares of FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a research report on Thursday, January 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. The Goldman Sachs Group reduced their price target on shares of FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a research report on Wednesday, April 1st. Bank of America began coverage on shares of FactSet Research Systems in a research report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price target for the company. Finally, Wells Fargo & Company upped their target price on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $279.85.

FactSet Research Systems Trading Down 2.2%

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

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The business had revenue of $611.02 million for the quarter, compared to analyst estimates of $604.78 million. During the same period in the previous year, the business posted $4.28 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Equities analysts forecast that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Running Oak Capital LLC grew its position in FactSet Research Systems by 14.0% during the third quarter. Running Oak Capital LLC now owns 41,335 shares of the business services provider’s stock worth $11,842,000 after buying an additional 5,072 shares during the period. Mattern Capital Management LLC grew its position in FactSet Research Systems by 48.8% during the fourth quarter. Mattern Capital Management LLC now owns 30,391 shares of the business services provider’s stock worth $8,819,000 after buying an additional 9,971 shares during the period. Nuance Investments LLC acquired a new position in FactSet Research Systems during the third quarter worth about $2,733,000. Fiera Capital Corp grew its position in FactSet Research Systems by 5.3% during the third quarter. Fiera Capital Corp now owns 280,187 shares of the business services provider’s stock worth $80,271,000 after buying an additional 14,133 shares during the period. Finally, Financial Strategies Group Inc. purchased a new stake in shares of FactSet Research Systems in the third quarter valued at about $7,920,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

About FactSet Research Systems

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.