FactSet Research Systems FDS is set to report its Q3 earnings, with mixed expectations. The stock's reaction to upcoming earnings remains a point of discussion as insiders have reportedly been dumping shares. Amidst these developments, the CEO announces retirement plans causing the stock to drop. However, despite the leadership transition, FDS has secured a $1.5 billion credit facility. Analyst ratings varied slightly with overpriced accusations being followed by an affirming price target of $503.
Kevin Toomey has been named Head Of Investor Relations while JPMorgan executive Sanoke Viswanathan has become CEO, focusing on AI and tech innovation. FactSet has announced acquisitions including LiquidityBook for $246.5 million and LogoIntern. FDS's revenue has been rising, exceeding Q2 estimates and leading to increased FY25 outlook. AI innovation continues with the launch of an AI-Powered Pitch Creator. Despite the changes, Wall Street finds the long-term holding value in FactSet Research Systems, considering it a resilient business and a bottom-ranked quant stock, however, not yet ready to buy at $400/share.
Factset Research Systems FDS News Analytics from Tue, 23 Jul 2024 07:00:00 GMT to Sat, 21 Jun 2025 22:06:28 GMT - Rating 5 - Innovation 6 - Information 8 - Rumor -4
