FactSet ticks lower after announcing CFO's departure

Financial data provider FactSet's FDS.N shares fall as much as 3.8%, last down 1.7% at $223.85

FDS announces CFO Helen Shan will step down and be succeeded by Joshua Warren, effective April 13

Evercore analyst David Motemaden says surprised by the suddenness of Shan's departure

Having a new CFO on board prior to the anticipated strategy and LT (long-term) target refresh in September makes sense, but the abrupt departure of a long tenured management team member is a slight negative for the stock - Motemaden

Three of 20 brokerages rate the stock "buy," 12 "hold" and five "sell" or lower; their median PT $248 - data compiled by LSEG

As of last close, FDS down 21.6% YTD