FactSet Research Systems (NYSE:FDS) have registered consistent growth and exceeded expectations in their Q4 2024 earnings. The strong performance was demonstrated with an 11% CAGR outpacing, strong fourth-quarter profit, and steady stock performance. They also added 188 new clients and saw a margin boost. Investments have been made in FactSet by Virtu Financial LLC and XTX Topco Ltd, while Quantbot Technologies LP took a $2.99 Million position. However, Kayne Anderson Rudnick Investment Management LLC and Texas Permanent School Fund Corp have reduced their positions. FactSet also provided FY25 Earnings Guidance causing a spike in share price. Their Q4 earnings reported strong growth in revenue and EPS beating estimates. There were significant transactions by insiders like EVP Goran Skoko and CEO Frederick Snow selling their shares, amidst FactSet's executive team witnessing a reshuffle. Despite few hiccups related to licensing revenue due to layoffs and AI challenges, the company announced proactive strategies, thus demonstrating resilience. FactSet has also made notable executive team reshuffles and appointed new heads.
Factset Research Systems FDS News Analytics from Tue, 19 Dec 2023 08:00:00 GMT to Sun, 22 Sep 2024 02:01:43 GMT -
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