There has been substantial activity in FactSet Research Systems Inc. (NYSE:FDS), a provider of financial data and analytic applications. Notably, key executives like Robert J. Robie and Goran Skoko have sold sizable volumes of the company's stock. However, investment firms like Sapient Capital LLC and Van ECK Associates Corp have recently acquired thousands of FDS shares.
FactSet has been driving investor interest with its continued dividend payments, solid growth in the Q2 2024 Earnings, and impressive returns. The company's stock performed well in the past, with investors seeing 60% returns over five years and 127% over a longer period.
Despite some insiders selling shares, overall shareholder activity shows increased stakes by Federated Hermes Inc., First Trust Direct Indexing L.P., and Cwm LLC. Nevertheless, the movement was not all upward, with reductions from Fisher Asset Management LLC and Russell Investments Group Ltd.
The company also faces stiff competition from IKTSY, frequently mentioned in value stock comparisons. However, the consensus among analysts is that FactSet's stock should be retained in portfolios, even as FactSet tempers its revenue outlook for 2024 following a disappointing Q2 print.
FactSet's market value saw a minor dip due to layoffs impacting licensing revenue, yet the consensus estimates have been exceeded, and the company's financial metrics and competitive strengths remain robust.
Factset Research Systems FDS News Analytics from Tue, 13 Jun 2023 07:00:00 GMT to Tue, 07 May 2024 15:01:47 GMT - Rating 5 - Innovation 3 - Information 5 - Rumor -2
