FactSet Research Systems, a leading financial data firm, has been experiencing a fluctuating financial position. Various asset management firms have increased and decreased their holdings in FactSet. This includes increases by Running Oak Capital LLC, Empirical Asset Management LLC and JPMorgan Chase & Co., among others. On the flipside, companies like Sanibel Captiva Trust Company have decreased their shares. The stock also attracted new investors like Avanza Fonder AB.
FactSet has released its Q1 and Q4 earnings for the fiscal years 2024 and 2025, with most beating estimates. The company announced Q1 earnings showing strong subscriptions and an increase year-over-year, sticking to their annual guidance. The firm's earnings outpaced its company's growth over a five-year period.
Analysts have mixed opinions about FactSet. BMO cut FactSet's stock price target, whereas Stifel raised its target on improving outlook. FactSet intends to maintain steady shareholder returns, with a quarterly dividend of $1.04. The company's CEO, Frederick Snow, recently sold $1.36m in stock.
Notably, FactSet's stock hit a 52-week high amid market optimism. The company is also planning for the future with AI investments and the launch of a solution to aid pitchbook creation for investment banks.
Factset Research Systems FDS News Analytics from Thu, 21 Sep 2023 07:00:00 GMT to Sat, 25 Jan 2025 14:59:55 GMT - Rating 8 - Innovation 6 - Information 6 - Rumor -4
