FactSet Research Systems (FDS) has experienced significant market activity recently. Despite a decline and being downgraded to “Underperform” at Bank of America, the company appears to demonstrate strength. Lower performances caused some selling from investors such as Franklin Resources inc., Advisors Services Network LLC, US Bancorp De, and Vanguard Personalized Indexing LLC. On the positive side, FactSet’s dividends have increased from last year, reflecting some financial stability. The company’s Q2 and Q4 2024 earnings have shown solid growth and exceeded market estimates, lifting investor sentiment. However, the stock also experienced layoffs affecting licensing revenue and insiders have sold large amounts of shares, which could negatively affect the stock outlook for FY24 and possibly FY25. Despite some negative news, investor groups like Nomura Asset Management and QRG Capital Management increased their position within FactSet. Strategic SWOT insights decipher FactSet’s business potential, and the company's ASV growth is expected to be weak in FY2024.
Factset Research Systems FDS News Analytics from Mon, 12 Jun 2023 07:00:00 GMT to Sun, 02 Jun 2024 00:47:27 GMT -
Rating 0
- Innovation 0
- Information 8
- Rumor -5
