On July 14, FactSet Research Systems fell 5.01% in regular trading, trading at $250.09/share, with turnover of $62.01 million.
On the news front, while the company's fiscal Q3 revenue of $622.9 million and adjusted EPS of $4.53 both exceeded consensus estimates, the adjusted operating margin missed expectations due to foreign exchange hedging headwinds and elevated compensation and technology spending. Management maintained but did not raise full-year guidance, projecting revenue of $2.45 billion to $2.47 billion and adjusted EPS of $17.25 to $17.75.
Adding to the bearish sentiment, Rothschild previously downgraded the stock to Sell with a $215 price target, while Wells Fargo maintains an Underweight rating with a $200 target. Morgan Stanley noted that higher compensation costs and strategic investments weighed on profitability despite strong AI-driven ASV growth of 7.1%. The market appears to be rotating focus from the top-line beat toward margin sustainability concerns following the initial post-earnings rally.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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