Research
William Blair Upgrades FactSet Research Systems to Outperform From Market Perform
FactSet Research Systems (FDS) has an average rating of hold and mean price target of $267.69, according to analysts polled by FactSet.
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Wire
FactSet Poised to Deliver Fiscal Q4 Revenue Beat, Better Fiscal 2027 Guidance, RBC Says
FactSet's (FDS) fiscal Q4 revenue will likely beat consensus estimates due to the strength of the company's pipeline as well as its consistent execution, RBC Capital Markets said in a note Thursday.Analysts said their fiscal Q4 margin estimate for the company is below consensus due to higher incentive costs linked to the "robust" growth of annual subscription volume. EPS estimate, however, is above consensus due to the "strong top-line momentum and disciplined capital allocation," they added.RBC said it expects FactSet to issue fiscal 2027 guidance calling for organic annual subscription volume growth of $115 million to $165 million, up about 4.5% to 6.5% year on year, as well as "modest margin expansion," which would lead to about 7% to 10% EPS growth.Consensus estimates for annual subscription volume growth are at $151 million and FactSet's guidance will likely reflect "prudent conservatism against a tougher comparable period," the analysts said.For fiscal 2027, RBC said it expects the company to issue a revenue outlook of about $2.62 billion to $2.64 billion, up by about 5.9% to 6.7% year on year, and adjusted EPS of between $19.40 and $20, up by about 8.8% to 12.2% year on year.RBC has a sector perform rating on FactSet, while increasing the company's price target to $304 from $240.Price: $303.68, Change: $+8.23, Percent Change: +2.79%
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Wire
Rothschild & Co Redburn Adjusts FactSet Research Systems PT to $225 From $215, Keeps Sell Rating
FactSet Research Systems (FDS) has an average rating of hold and mean price target of $271.06, according to analysts polled by FactSet.Price: $255.87, Change: $+3.26, Percent Change: +1.29%
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Wire
FactSet Research Systems' Fiscal Q3 Results Address Investor Concerns, RBC Capital Markets Says
FactSet Research Systems' (FDS) fiscal Q3 results and commentary addressed investor concerns on growth deceleration and margin compression from AI investments, RBC Capital Markets said in a note Thursday.Analysts said FactSet's sustained momentum in June, solid pipeline, and accelerating adoption of Model Context Protocol and AI bode well for its annual subscription value growth.The company's fiscal Q3 margins, however, missed analyst expectations due to foreign exchange hedging headwinds and higher non-compensation expenses linked to growth and productivity efforts, according to the note.Management has reiterated that restructuring and productivity efforts will help meet its annual margin guidance, suggesting a "meaningful" margin recovery in fiscal Q4, analysts said.RBC Capital Markets maintained a sector perform rating and a $240 price target on the stock.Shares of FactSet were up 1.5% in Thursday trading.Price: $249.12, Change: $+3.57, Percent Change: +1.45%
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Wire
Morgan Stanley Raises FactSet Research Systems $230 From $228
FactSet Research Systems (FDS) has an average rating of hold and mean price target of $264.41, according to analysts polled by FactSet.Price: $247.19, Change: $+17.11, Percent Change: +7.44%
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US Markets
Stocks Down Pre-Bell Ahead of Key Labor Data, Fed Chair Warsh's Remarks
The main US stock measures were pointing lower in Wednesday's premarket activity as traders await key labor market data and commentary from Federal Reserve Chair Kevin Warsh.The S&P 500 and the Dow Jones Industrial Average declined 0.2% each before the opening bell, while the Nasdaq was off 0.5%. The indexes finished Tuesday trading in the green, with the Dow recording a new all-time high.US markets will be closed on Friday in observance of the Independence Day holiday, which falls on a Saturday this year.Employers in the US announced 45,849 layoffs in June, down 53% from the month prior and 4% year over year, according to Challenger, Gray & Christmas' latest report. The ADP Employment report for last month posts at 8:15 am ET, followed by the weekly jobless claims bulletin at 8:30 am.The government's nonfarm payrolls report for June is scheduled to be released on Thursday. On Tuesday, official data showed job openings were little changed in May as hiring fell and separations rose.Warsh is slated to speak at the European Central Bank forum in Portugal at 9 am. Investors will be watching his remarks for any insight into future Fed monetary policy.Wednesday's economic calendar also has the weekly mortgage applications bulletin at 7 am. The final Purchasing Managers' manufacturing index for June is out at 9:45 am, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am. The weekly EIA domestic petroleum inventories report is due at 10:30 am.Treasury yields were trending higher in premarket action, with the two-year rate increasing 3.1 basis points to 4.17% and the 10-year rate adding 4.1 basis points to 4.46%.US President Donald Trump's special envoys, Steve Witkoff and Jared Kushner, arrived in Doha, Qatar, on Tuesday, Bloomberg News reported. Qatar, a mediator between the US and Iran, said the two US envoys are not scheduled to meet any Iranian officials and downplayed the possibility of a breakthrough in talks to permanently end the conflict between the two countries.West Texas Intermediate crude oil fell 1.2% to $68.66 a barrel before the open, while Brent decreased 1.1% to $72.14."Oil prices traded within a relatively tight range near recent lows while remaining on track for their biggest quarterly decline since the pandemic," Saxo Bank said in a report Tuesday.Shares of Nike (NKE) declined 3.3% pre-bell as the sportswear giant reported lower fiscal fourth-quarter revenue on a yearly basis. Constellation Brands (STZ) gained 1.6% after the beer and wine company reported an unexpected year-over-year increase in its fiscal first-quarter earnings.General Mills (GIS), FactSet Research Systems (FDS), MSC Industrial Direct (MSM) and Unifirst (UNF) are expected to report their latest financial results before the bell.Gold moved down 0.9% to $4,003 per troy ounce, while bitcoin slipped 0.1% to $58,600.
Dow JonesNasdaq CompositeS&P 500$FDS$GIS$MSM$NKE$STZ$UNF
Wire
FactSet Research Systems Shares Fall After Rothschild & Co Redburn Downgrade
FactSet Research Systems (FDS) shares fell 3.6% after Rothschild & Co Redburn downgraded the stock to sell from neutral and cut its price target to $215 from $291.Intraday volume topped 725,400 shares, compared with the daily average of 951,792.Price: $220.07, Change: $-8.24, Percent Change: -3.61%
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Research
Rothschild & Co Redburn Downgrades FactSet Research Systems to Sell From Neutral, Adjusts PT to $215 From $291
FactSet Research Systems (FDS) has an average rating of hold and mean price target of $264.41, according to analysts polled by FactSet.
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Wire
FactSet Research Systems Set to Deliver Q3 ASV Beat on Pricing, Demand Strength, RBC Says
FactSet Research Systems (FDS) is expected to report a Q3 annual subscription value, or ASV, beat, driven by international price increases, strong demand, and continued pipeline strength across regions, RBC Capital Markets said in a note Tuesday.The company is also benefiting from expanded managed services, competitive product positioning, and changes in its sales compensation structure, the analysts said, adding that they expect Q3 ASV growth of about 6.2% year-over-year to $2.48 billion, slightly above consensus of about 5.7% or $2.47 billion, while revenue is projected to grow roughly 5.9% year-over-year to $620 million versus consensus of $617 million.For the full year, the company is expected to raise the midpoint of its ASV growth guidance range of $130 million to $160 million, or about 5.4% to 6.7% year-over-year, the analysts said. They expect about 6.2% growth, or roughly $150 million, bringing ASV to $2.56 billion, slightly above the consensus of $2.54 billion."We expect sequential and year-over-year margin pressure as FactSet ramps AI investments and faces higher incentive compensation costs driven by stronger ASV performance," the analysts added.RBC lowered FactSet's price target to $240 from $243 while keeping its sector perform rating.Price: $235.23, Change: $+4.31, Percent Change: +1.87%
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Wire
FactSet Research Systems, Valutico Collaborate on Private Markets Valuation Workflow
FactSet Research Systems (FDS) said Tuesday it is collaborating with valuation technology provider Valutico to launch an integrated workflow for private capital markets.Financial details weren't disclosed.The partnership aims to replace manual, spreadsheet-based processes with an automated system to meet rising investor demand for frequent, transparent valuations, the company said.Price: $218.29, Change: $-0.90, Percent Change: -0.41%
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Wire
FactSet Raises Quarterly Dividend to $1.16 a Share From $1.10, Payable June 18 to Shareholders of Record May 29
FactSet Raises Quarterly Dividend to $1.16 a Share From $1.10, Payable June 18 to Shareholders of Record May 29
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Wire
FactSet, JPMorgan Expand Partnership With Launch of Portfolio Analytics Product
FactSet (FDS) said Wednesday it is expanding its collaboration with JPMorgan (JPM) with the introduction of the Whole Portfolio Distribution product.The analytics and reporting product is available via FactSet and backed by JPMorgan's Fusion platform, the company said.The product was designed to provide institutional investors with a view across their portfolios and to decrease manual processes, FactSet said.Price: $233.08, Change: $+3.49, Percent Change: +1.52%
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Wire
Rothschild & Co Redburn Adjusts Price Target on FactSet Research Systems to $291 From $305, Maintains Neutral Rating
FactSet Research Systems (FDS) has an average rating of hold and mean price target of $259, according to analysts polled by FactSet.Price: $227.20, Change: $+0.80, Percent Change: +0.35%
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