Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler analyst Crispin Love downgraded the rating for Blackstone Inc. BX from Overweight to Neutral and maintained the price target of $149. Blackstone shares closed at $49.44 on Tuesday. See how other analysts view this stock. Maxim Group analyst Naz Rahman downgraded the rating for Virpax Pharmaceuticals, Inc. V ...

I am the principal Portfolio Manager at Torre Financial, founded in 2018. I am also a Sr. Director of Engineering at Zillow, have worked at startups, and have started two tech companies. I graduated from Princeton University with a BSE in Mechanical and Aerospace Engineering and received my MBA from UC Berkeley's Haas School of Business. Analyst's Disclosure: I/we have a beneficial long position in the shares of FDS either through stock ownership, options, or other derivatives. I wrote this article myself, ...

FactSet Research Systems Inc. (NYSE: FDS ) is a provider of financial data and analytics, which is consumed by financial services professionals and investment banks. The company went public in June 1996 and has a roughly $18B market cap. Since inception, FDS has I have a masters degree in Analytics from Northwestern University and a bachelors degree in Accounting. I have worked in the investment arena for over 10 years starting as an analyst and working my way up to a management role. Dividend investing is ...

Following my coverage on FactSet Research Systems (NYSE: FDS ) in Jul'24, in which I recommended a buy rating due to my expectation that the demand environment would get better when the fed cuts I take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to companies with ...

FactSet Research Systems, Inc. (FDS) has reported impressive fourth-quarter fiscal 2024 results, wherein earnings and revenues beat the Zacks Consensus Estimate. FDS's earnings per share (excluding $1.4 from non-recurring items) of $3.7 beat the consensus mark by 3.9% and increased 27.7% from the year-ago quarter. Revenues of $562.2 million surpassed the Zacks Consensus Estimate by 2.7% and gained 4.9% from the year-ago quarter. The company's shares have gained 14.1% in the past month compared with the 14.1 ...

Financial Data and Key Metrics Changes - Annual revenue increased to $2.2 billion, adjusted operating margin improved to 37.8%, and adjusted EPS rose to $16.45, reflecting a 12.3% growth, all exceeding the high end of recent guidance [4][16]. - Organic ASV plus Professional Services growth reached $104 million or 4.8%, slightly above the midpoint of guidance [3][16]. - GAAP revenues for Q4 increased 5% to $562 million, with organic revenues also growing 5% to $563 million [17]. Business Line Data and Key Metrics Changes - Wealth management was the largest contributor to ASV growth, with a 12% increase for the year, driven by large enterprise deals and renewals [5][6]. - Institutional buy-side ASV growth was 3%, impacted by tighter budgets and vendor consolidation [8][9]. - Partnerships and CGS saw organic ASV growth of 6%, with strong performance from CGS offsetting softness in partnerships [9]. Market Data and Key Metrics Changes - In the Americas, organic ASV growth was 6%, while EMEA growth decelerated to 2% due to retention headwinds [4][5]. - Asia Pacific region delivered 7% growth, with wins in wealth management offset by erosion in banking and asset management [5][6]. - The fourth quarter ASV retention rate was over 95%, with a client retention rate of 90% [22]. Company Strategy and Development Direction - The company is focused on three strategic pillars: data expansion, embedding FactSet deeper into client workflows, and accelerating innovation through generative AI [10][11]. - Investments are being made to enhance offerings for wealth managers and to streamline workflows for institutional clients [10][11]. - The company aims to capture market share by modernizing client processes and reducing reliance on legacy systems [14]. Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about a nascent market recovery and solid execution in closing large deals [4][14]. - The guidance for organic ASV growth in fiscal 2025 is set at 5% at the midpoint, reflecting a balanced outlook for the first and second halves of the year [14][24]. - Management noted that while headwinds persist, there are signs of improvement in client budgets and hiring, particularly in banking [35][41]. Other Important Information - The company repurchased 153,650 shares for approximately $63 million in Q4, with a total of 537,800 shares repurchased for about $235 million in fiscal 2024 [22][23]. - A new share repurchase authorization for up to $300 million was approved by the Board of Directors [22]. - The effective tax rate for Q4 was 23.6%, down from approximately 39% in the prior year, contributing to improved EPS [21]. Q&A Session Summary Question: Margin outlook for 2025 - Management indicated that 2025 may be viewed as a reset year, with significant margin expansion achieved in previous years [28]. Question: Macro and pricing assumptions for guidance - Management acknowledged ongoing headwinds but noted green shoots and a more optimistic outlook for the second half of 2025 [34]. Question: Asset management client cancellation - A large asset management client cancellation was attributed to cost pressures and consolidation within the firm [40]. Question: Growth in CGS and CUSIP - CUSIP has been a significant growth driver within the partners business line, contributing to overall growth [45]. Question: ASV guidance characterization - Management characterized the ASV guidance as conservative, with potential for better performance driven by generative AI and hiring trends [48]. Question: Competitive pricing environment - Management noted that while competition remains, they are successfully winning market share, particularly in wealth management [74].

FactSet Research (FDS) reported $562.19 million in revenue for the quarter ended August 2024, representing a year-over-year increase of 4.9%. EPS of $3.74 for the same period compares to $2.93 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $547.27 million, representing a surprise of +2.73%. The company delivered an EPS surprise of +3.89%, with the consensus EPS estimate being $3.60. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Core Viewpoint - FactSet Research reported quarterly earnings of $3.74 per share, exceeding the Zacks Consensus Estimate of $3.60 per share, and showing an increase from $2.93 per share a year ago, indicating a strong performance in the financial data sector [1][2] Financial Performance - The company achieved revenues of $562.19 million for the quarter ended August 2024, surpassing the Zacks Consensus Estimate by 2.73% and up from $535.8 million year-over-year [2] - Over the last four quarters, FactSet has consistently surpassed consensus EPS estimates four times and topped revenue estimates two times [2] Stock Performance - FactSet shares have declined approximately 6.3% since the beginning of the year, contrasting with the S&P 500's gain of 17.8%, indicating underperformance relative to the broader market [3] Future Outlook - The company's earnings outlook will be crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $4.32 on revenues of $561.78 million, and for the current fiscal year, it is $17.40 on revenues of $2.29 billion [7] Industry Context - The Business - Information Services industry, to which FactSet belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a favorable industry outlook [8]

News Release I For Immediate Release 1 FactSet Reports Results for Fourth Quarter 2024 ◦ Q4 GAAP revenues of $562.2 million, up 4.9% from Q4 2023. ◦ Organic Q4 ASV plus professional services of $2,272.8 million, up 4.8% year over year. ◦ Q4 GAAP operating margin of 22.7%, up approximately 110 bps year over year, and adjusted operating margin of 35.8%, up 240 bps from the prior year. ◦ Q4 GAAP diluted EPS of $2.32, up 38.1% from the prior year, and adjusted diluted EPS of $3.74, up 23.8% year over year. ◦ Fa ...

Wall Street analysts expect FactSet Research (FDS) to post quarterly earnings of $3.60 per share in its upcoming report, which indicates a year-over-year increase of 22.9%. Revenues are expected to be $547.27 million, up 2.1% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's e ...