In recent financial news,
FactSet Research Systems Inc has seen a myriad of financial activities. Several investment houses have adjusted their stake in the firm including
Nomura Asset Management who increased their position, and
Advisory Services Network LLC reducing their shares.
Norges Bank made a $47.98 million investment, while
D.A. Davidson & CO. and
UBS Group AG too maintain substantial holdings in FactSet. Impressive Q2 2024 earnings were reported. However, financial analysts give it an average rating of “Reduce”, with its stock price seeing some decline. It's been downgraded to 'Underperform' at BofA. Despite some setbacks, FactSet continues to offer an attractive dividend yield, larger than last year, making it appealing to long-term investors. Recent layoffs may impact licensing revenue. The company's management also experienced some shifts, with recent insider selling and the CEO Frederick Snow selling his shares. Finally, while the company is facing some macro-related uncertainties impacting the market value, its annual subscription value (ASV) growth is expected to be weak in FY24.
Factset Research Systems FDS News Analytics from Thu, 13 Jul 2023 07:00:00 GMT to Thu, 30 May 2024 15:35:00 GMT -
Rating -4
- Innovation 0
- Information 6
- Rumor -6
