FactSet Research Systems Inc.’s Stock Price Soars to $423.73, Marking a Robust 3.77% Increase

FactSet Research Systems Inc. (FDS)

423.73 USD +15.38 (+3.77%) Volume: 0.98M

FactSet Research Systems Inc.’s stock price soars to $423.73, reflecting a positive session change of +3.77%, propelled by a trading volume of 0.98M. Despite a year-to-date percentage change of -11.18%, FDS’s recent performance showcases potential growth.

Latest developments on FactSet Research Systems Inc.

FactSet Research Systems Inc. (NYSE:FDS) saw its stock price movements today after reporting upbeat earnings for the third quarter of 2024. Despite surpassing earnings estimates, the company’s revenues fell slightly short. FactSet’s focus on cost-cutting measures to boost annual profit forecasts has caught the attention of investors. The company also raised dividends and expanded its share buyback program, further enhancing shareholder value. Wall Street forecasters have revamped their expectations for FactSet ahead of the earnings release, highlighting the company’s impressive growth and CEO’s emphasis on AI investment for client efficiency. With positive earnings guidance for fiscal year 2024, FactSet remains a strong contender for investors looking to retain stock in their portfolios.

FactSet Research Systems Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided bullish coverage on FactSet Research Systems Inc. The research reports highlight the company’s substantial pipeline, competitive displacements, and major drivers for growth. Despite challenging market conditions, FactSet showed a year-over-year growth of 5.4% in organic ASV plus professional services in its second fiscal quarter of 2024. With over 8,000 clients and 75 net new logos added, FactSet continues to navigate uncertainties in the industry.

Furthermore, Baptista Research analysts also shed light on FactSet Research Systems Inc.’s conquering of challenges with AI in their research on Smartkarma. The company achieved a 7.1% year-over-year growth in organic ASV plus professional services, surpassing expectations. FactSet’s management has implemented a cost-reduction program and other AI initiatives to enhance client efficiency and drive growth in diverse product offerings. The future of financial analysis looks promising for FactSet as it continues to innovate and adapt to evolving market dynamics.

A look at FactSet Research Systems Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

FactSet Research Systems Inc. has received moderate scores across the board according to Smartkarma Smart Scores. With a balanced outlook in terms of value, dividend, growth, and momentum, the company seems to be holding steady in the long term. However, its resilience score is slightly lower, indicating potential vulnerabilities that investors should consider.

FactSet Research Systems Inc. is a provider of global economic and financial data, catering to analysts, investment bankers, and other financial professionals. By consolidating data from various sources into a single online platform, the company offers comprehensive information and analytics, including fundamental data. With its consistent scores across different factors, FactSet Research Systems Inc. appears to be a reliable player in the financial data industry.

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