FactSet Research Systems (FDS) seem to be generating significant attention from investment firms as evidenced by
Empirical Asset Management LLC and
Thurston Springer Miller Herd & Titak Inc. purchasing multiple shares.
Nordea Investment Management AB also Acquired 59,173 Shares of the firm. In terms of shareholder returns, FactSet announced a
$1.04 quarterly dividend and is slated for an upcoming dividend. FactSet's technology venture of
AI-Powered Pitch Creator is aimed to streamline investment bank operations. In their Q2 Earning estimate,
Zacks Research is a notable mention. However, UBS cites FDS as a bottom-ranked quant stock. Overall, FactSet stocks seem to be recording steady performance, with promising forecasts after first-quarter results, showing resilience for the long term. Some caution is still advised as FactSet's (FDS) five-year earnings have shown returns less than expected. More promisingly, Q4 Earnings and Revenue estimates were beat, with 188 new clients added, boosting profit and revenue. FactSet CEO, Frederick Snow, selling $1.36m in stock has caught some attention, while the company has reiterated shares target over the growth outlook. Irrespective of these fluctuations, partnership with
State Street Corp and acquisition of
Vermilion Software Limited for $67.9 million indicate strategic growth.
Factset Research Systems FDS News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Sat, 18 Jan 2025 10:03:37 GMT -
Rating 4
- Innovation 7
- Information 5
- Rumor -5
