If history is any guide, there may be trouble ahead for shares of FactSet Research Systems (NYSE:FDS). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
Meta Platforms, Inc. (NASDAQ: FB) reported better-than-expected earnings for its first quarter, while sales missed estimates. Investors, meanwhile, focused on some notable insider trades.
Over the past 3 months, 4 analysts have published their opinion on FactSet Research Systems (NYSE:FDS) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
Factset Research Systems Inc's (NYSE:FDS) short percent of float has fallen 25.0% since its last report. The company recently reported that it has 610.00 thousand shares sold short, which is 1.62% of all regular shares that are available for trading.
FactSet Research Systems (NYSE:FDS) has outperformed the market over the past 5 years by 6.55% on an annualized basis producing an average annual return of 20.4%. Currently, FactSet Research Systems has a market capitalization of $15.73 billion.
FactSet Research Systems (NYSE:FDS) reported quarterly earnings of $3.27 per share which beat the analyst consensus estimate of $2.97 by 10.1 percent. This is a 20.22 percent increase over earnings of $2.72 per share