FactSet Research Systems (NYSE:FDS) has recently shared their Q3 2024 Earnings Call Transcript. The company has consistently surprised analysts' expectations, beating earnings several times while missing on revenues. Several financial institutions, including Park Avenue Securities, Wellington Management Group, and Los Angeles Capital Management, have changed their positions in FDS stocks.
Significant stock transactions from insiders, including Robin A. Abrams offloading $999K worth, Katherine M. Stepp selling 1057 shares and EVP Goran Skoko selling 1,500 shares, have been reported. These insider movements followed an overall decline in the company's shares since Q1. Despite this, FDS continues to be rated as a top momentum stock with a long-term perspective.
The company recently announced the launch of a dedicated TMT content offering. With massive free cash flow reported in its FY Q1 earnings, analysts argue that the FDS stock looks undervalued. They have also increased their dividend payouts. Despite a consensus analyst rating of 'Reduce', various investors still consider FDS a solid pick for growth, and the company has updated its FY24 earnings guidance.
Factset Research Systems FDS News Analytics from Tue, 19 Dec 2023 08:00:00 GMT to Sat, 29 Jun 2024 15:51:09 GMT - Rating 2 - Innovation 3 - Information 7 - Rumor -1
