FactSet Research Systems Inc. (NYSE:FDS) has been a point of interest for numerous investors and funds, with notable activity from Empowered Funds LLC, QRG Capital Management Inc., Bleakley Financial Group LLC, and State Board of Administration of Florida Retirement System acquiring shares. Short interest of
FDS increased by 6.2% in June, yet also experienced a 5.4% decrease.
FDS's recent Q1 performance sparked discourse, with a decline noted, and skepticism at its price target of $432.00. A SWOT insight indicates strategic potential, bolstered by solid growth in the company's Q2 2024 earnings. Expectations for FY2024, according to Zacks Research, is optimistic. However, a consensus among brokers suggests a 'Reduce' rating. An uptick response was seen in a dividend larger than last year's, marking it a potential long-term growth stock. Q3 2024 earnings beat expectations, but a poor outlook for FY24 and possibly FY25 caused some concern. There was insider selling activity, particularly by CEO Frederick Snow and EVP Goran Skoko. Despite these,
FDS's impressive Q3 growth, investments in AI for client efficiency, and higher FCF in Q1 earnings render the stock seemingly undervalued. Lastly, competitive pressures and AI challenges are predicted.
Factset Research Systems FDS News Analytics from Thu, 21 Sep 2023 07:00:00 GMT to Sun, 21 Jul 2024 10:31:06 GMT -
Rating 3
- Innovation 4
- Information 8
- Rumor 1
