FactSet Research Systems Rises On Unusually High Volume (FDS)
FactSet Research Systems (NYSE:FDS) is trading at unusually high volume Tuesday with 1.3 million shares changing hands. It is currently at four times its average daily volume and trading up $7.66 (+8.4%).
NEW YORK ( TheStreet) -- FactSet Research Systems (NYSE: FDS) is trading at unusually high volume Tuesday with 1.3 million shares changing hands. It is currently at four times its average daily volume and trading up $7.66 (+8.4%) at $98.47 as of 3:10 p.m. ET. FactSet Research Systems has a market cap of $4.18 billion and is part of the technology sector and computer software & services industry. Shares are up 4% year to date as of the close of trading on Monday. FactSet Research Systems Inc. provides financial and economic information to investment community worldwide. The company has a P/E ratio of 24.2, below the average computer software & services industry P/E ratio of 24.9 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates FactSet Research Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full FactSet Research Systems Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.