Core Insights - FactSet Research Systems Inc. (NYSE:FDS) is considered undervalued with a price-to-earnings multiple of 15, indicating potential for growth [1] - The company provides financial data, analytics, and digital solutions that support investment research, portfolio management, and risk analysis [1] - Despite strong fiscal Q3 earnings and positive management commentary, FactSet's stock performance was negatively impacted by the announcement of CEO Phil Snow's retirement [1] Financial Performance - FactSet's shares detracted from performance in the second quarter of 2025, overshadowed by strong results from competitors like Interactive Brokers Group, Inc. [1] - The company has a large addressable market and demonstrates strong execution in new product development and financial results [1] - FactSet generates robust free cash flow, which supports its long-term investment potential [1] Market Position - The company is viewed favorably for its long-term prospects, despite some volatility due to leadership changes [1] - There is a belief that certain AI stocks may offer greater upside potential compared to FactSet, indicating a competitive landscape in the financial analytics sector [1]