FactSet Research Systems (FDS) is in the spotlight due to various recent developments. Ahead of the company's
earnings release, there was a mixed sentiment among investors and analysts. Notably, the company continues to bolster its shareholder value through its
dividend policy, boosting the quarterly dividend for the 26th consecutive year. At the same time, FactSet secured a lucrative
credit agreement worth $1.5 billion, reflecting its strong financial capacities. However, news about insiders selling off stocks worth $2.8 million raises questions. Due to this, Wells Fargo downgraded the FDS. Despite this, the company outperformed Q2
earnings forecasts, leading to a rise in revenue outlook for FY25. Also, FactSet's acquisition of
LiquidityBook expands its portfolio. The successful execution of the recurring revenue model is a positive sign, offset by the potential risks of macroenvironment volatility. With its sights set on long-term gains, FactSet remains a relatively strong buy into 2025.
Factset Research Systems FDS News Analytics from Wed, 28 Dec 2022 08:00:00 GMT to Thu, 01 May 2025 14:39:23 GMT -
Rating 3
- Innovation 8
- Information 7
- Rumor -4
