FactSet Research Systems Inc. witnessed vibrant activities from different stakeholders.
Texas Permanent School Fund Corp and
Private Advisor Group LLC increased stakes while
Retirement Systems of Alabama and
Sumitomo Mitsui Trust Holdings Inc. purchased additional shares. Conversely,
Azzad Asset Management Inc. ADV and
Handelsinvest Investeringsforvaltning reduced their holdings. The company underwent a 5.4% decrease in
short interest in June. The company announced a significant positive free cash flow in Q1 of fiscal year (FY) 2024, and it outperformed expectations. FactSet projects steady growth into
FY 2024 and FY 2025 despite disappointing Q1 results. The firm's upcoming
dividend is set to surpass that of the previous year. Disappointingly, FactSet shares sold off by CEO Frederick Snow and EVP Rachel Stern noted.
Q2 2024 earnings revealed solid revenue and earnings growth.
FactSet's Q3 beat the earnings per share (EPS) estimates but missed on revenues. Analysts highlighted a strong five-year return rate and the company's stock was reaffirmed by
Royal Bank of Canada. Lastly, FactSet's ventures into AI and open data exemplified by their acquisition of Truvalue Labs and Cusip respectively.
Factset Research Systems FDS News Analytics from Wed, 21 Mar 2012 07:00:00 GMT to Sun, 14 Jul 2024 10:15:38 GMT -
Rating 4
- Innovation 6
- Information 5
- Rumor 2
