FactSet

FactSet Research Systems (NYSE:FDS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 4.25% Stifel $436 → $469 Maintains Hold 12/08/2023 6.69% Deutsche Bank $471 → $480 Downgrades Buy → Hold 09/22/2023 2.24% B of A Securities $450 → $460 Maintains Neutral 09/22/2023 3.13% RBC Capital → $464 Reiterates Sector Perform → Sector Perform 09/22/2023 -3.09% BMO Capital $419 → $436 Maintains Market Perform 09/22/2023 -21.76% Morgan Stanley $332 → $352 Maintains Underweight 09/22/2023 -18.43% Goldman Sachs $380 → $367 Maintains Sell 09/05/2023 4.69% Deutsche Bank $461 → $471 Maintains Buy 08/25/2023 3.13% RBC Capital $500 → $464 Downgrades Outperform → Sector Perform 06/27/2023 6.69% Barclays $520 → $480 Maintains Overweight 06/26/2023 -6.87% BMO Capital $424 → $419 Maintains Market Perform 06/23/2023 -26.21% Morgan Stanley $335 → $332 Maintains Underweight 06/23/2023 -15.54% Goldman Sachs $365 → $380 Maintains Sell 06/15/2023 0.02% B […]

FactSet Reports Results for First Quarter 2024 — Q1 GAAP revenue of $542.2 million, up 7.4% from Q1 2023. — Organic Q1 ASV plus professional services of $2,185.0 million, up 7.1% year over year. — Q1 GAAP operating margin of 34.9%, up approximately 80 bps year over year, and adjusted operating margin of 37.6%, down approximately 70 bps from the prior year. — Q1 GAAP diluted EPS of $3.84, up 9.1% from the prior year, and adjusted diluted EPS of $4.12, up 3.3% year over year. — Fiscal 2024 guidance update: expected ASV plus professional services growth of 5-7%, GAAP revenue growth of 5.5-6%, adjusted operating margin increase of 10-50 bps, and adjusted diluted EPS growth of 6-9%. — FactSet has published an AI Blueprint describing plans to responsibly deploy AI solutions to its clients. FactSet Mercury, launched last week, features a new large language model-based workflow tool for junior

FactSet Research Sees FY24 Adjusted Diluted EPS Growth of 6%-9%.

FactSet Research: Now Expect That Our Organic ASV Growth Will Be in the Range of $110M to $150M for Fiscal 2024, Reduced From Our Previous Guidance of $130M to $175M.

FactSet Lowered FY24 Revenue Outlook To $2.20B-$2.21B From $2.21B-$2.23B Vs. $2.22B Est., Adj EPS To $15.60-$16.00 From $15.65-$16.15 Vs $16.08 Est.

FactSet Research Systems posted higher revenue and earnings in its fiscal first quarter, lifted by a rising tally of wealth-management users tapping the company’s data platform. The Norwalk, Conn.-based company, whose offerings include analytics and data products, posted a profit of $148.6 million, or $3.84 a share, for the three months ended Nov. 30, compared with $136.8 million, or $3.52 a share, in the same period last year. Stripping out one-time items, including amortization, adjusted earnings came to $4.12 a share. Analysts surveyed by FactSet expected adjusted earnings of $4.11 a share. Revenue rose more than 7% to $542.2 million, compared with the $540.3 million expected by analysts, according to FactSet. Annual subscription value plus professional services was $2.18 billion at the end of the quarter, up from $2.04 billion a year ago. User count rose by 17,111 to 207,083 during the quarter, driven by an increase in wealth management

FactSet Research Cuts FY24 View To Rev $2.2B-$2.21B.

FactSet Research Systems trimmed its fiscal-year targets for revenue and adjusted earnings, and the data company said it plans to cut costs. The Norwalk, Conn.-based company, whose offerings include analytics and data products, is now targeting revenue of $2.2 billion to $2.21 billion, down from prior guidance of $2.21 billion to $2.23 billion. FactSet also cut its outlook for earnings to $13.95 a share to $14.35 a share, down from $14.20 a share to $14.70 a share. The company is targeting adjusted earnings of $15.60 a share to $16.00 a share, down from $15.65 a share to $16.15 a share. The company said it expects to book $10 million to $15 million in charges during its fiscal second quarter tied to cost cuts, including both variable costs and personnel-related costs.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target price by $35 to $545, 30.2x our FY 25 (Aug.) EPS estimate, which is higher than the company’s 10-year historical average of 26.4x, given strong growth prospects. We lower our FY 24 adjusted EPS by $0.17 to $16.18 and reduce FY 25’s by $0.07 to $18.06. FDS reported Nov-Q adjusted EPS of $4.12 vs. $3.99, $0.01 above consensus on revenue that came in at consensus. Top-line growth of 7% was led by acceleration in the Americas (+8%), while deceleration was identified in EMEA (+7%) and Asia-Pacific (+7%). However, this was accompanied by an 8% increase in employee costs and 70 bps of adjusted operating margin compression to 37.6%. User retention remained unchanged at a healthy 95%. We continue to believe FDS offers

FactSet Research Systems Inc. (NYSE:FDS) is projected to release financial results for the first quarter fiscal 2024, ending Nov. 30, 2023, before the opening bell on Dec. 19, 2023. Analysts expect the company to post quarterly earnings at $4.11 per share, up from year-ago earnings of $3.99 per share. The company’s revenue might come in at $540.36 million for the latest quarter, according to Benzinga Pro. FactSet Research, during September, reported fourth-quarter FY23 sales growth of 7.3% year-on-year to $535.797 million, marginally beating the consensus of $535.280 million.

FactSet, a global financial digital platform and enterprise solutions provider, today announced the beta release of its latest AI advancement, FactSet Mercury, an innovative large language model-based knowledge agent to power modern digital workflows and enhance fact-based decision making. FactSet Mercury is a breakthrough solution that optimizes the company research workflow for junior bankers, offering a single, trusted conversational interface to access key company information with supporting context and actionable next steps. With FactSet Mercury, users can access FactSet’s comprehensive financial fundamentals and pricing data, along with extensive bank and branch regulatory data through an integrated suite of generative AI (GenAI) tools surfaced in a single chat interface. New features of the chatbot include Chart Creator, which empowers a user’s next best action by using natural language to create a pitch-ready chart. “We are thrilled for clients to experience mile-wide discoverability on FactSet by simply asking for what they need,”

FactSet Research Systems (NYSE:FDS) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/08/2023 9.54% Deutsche Bank $471 → $480 Downgrades Buy → Hold 09/22/2023 4.97% B of A Securities $450 → $460 Maintains Neutral 09/22/2023 5.89% RBC Capital → $464 Reiterates Sector Perform → Sector Perform 09/22/2023 -0.5% BMO Capital $419 → $436 Maintains Market Perform 09/22/2023 -19.67% Morgan Stanley $332 → $352 Maintains Underweight 09/22/2023 -16.25% Goldman Sachs $380 → $367 Maintains Sell 09/05/2023 7.48% Deutsche Bank $461 → $471 Maintains Buy 08/25/2023 5.89% RBC Capital $500 → $464 Downgrades Outperform → Sector Perform 06/27/2023 9.54% Barclays $520 → $480 Maintains Overweight 06/26/2023 -4.38% BMO Capital $424 → $419 Maintains Market Perform 06/23/2023 -24.24% Morgan Stanley $335 → $332 Maintains Underweight 06/23/2023 -13.28% Goldman Sachs $365 → $380 Maintains Sell 06/15/2023 2.69% B of A Securities → $450 Reinstates → Neutral 05/23/2023