FactSet (FDS) Stock Trades Down, Here Is Why

What Happened?

Shares of financial data provider FactSet (NYSE:FDS) fell 3.1% in the afternoon session after markets continued to decline, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell.

The move came as U.S. equity markets recorded a fifth consecutive day of losses for major indexes like the S&P 500, with technology stocks experiencing the largest declines. Investors have grown wary that the sharp rally in the tech sector since April may have advanced too far. The market-wide caution is largely driven by the upcoming Jackson Hole symposium, a meeting of central bankers, where traders are anxiously awaiting Fed Chair Powell's speech on Friday for guidance on the future path of interest rates.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy FactSet? Access our full analysis report here, it’s free.

What Is The Market Telling Us

FactSet’s shares are not very volatile and have only had 2 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

FactSet is down 20.8% since the beginning of the year, and at $377.40 per share, it is trading 23.9% below its 52-week high of $495.72 from November 2024. Investors who bought $1,000 worth of FactSet’s shares 5 years ago would now be looking at an investment worth $1,060.

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