Factset Research Systems (FDS) has been under close scrutiny resulting from varied performance. The financial information service provider has recently witnessed stake acquisitions, such as a $7.47 million stake taken by Claro Advisors and Handelsbanken Fonder AB's share acquisitions. Investment firms like nVerses Capital LLC have also bought new stakes in FDS. There have been decreased stake investments, such as Truist Financial Corp trimming its stake, and Earnest Partners LLC lowering its stake in Factset.
Despite an underperformance reported in the financial sector, FDS's Q4 earnings boast an EPS of $2.32, leading to raised guidance. Long-term resilience seems apparent in the business, and Zacks Research predicts Q1 2025 earnings of $4.29 per share. FactSet Research Systems' Q4 profits have increased and exceeded estimates, even more, they have added 188 new clients and saw a margin boost. It outperformed Wall Street forecasts, and AI is expected to significantly improve FDS business. However, this isn't without potential setbacks, as evident in the occurrence of layoffs affecting licensing revenue and competitive pressures and AI challenges anticipated in the future.
Factset Research Systems FDS News Analytics from Thu, 28 Jun 2018 22:34:13 GMT to Fri, 18 Oct 2024 14:37:02 GMT - Rating 6 - Innovation 4 - Information 9 - Rumor -1
