Following these transactions, Snow now holds 16,616 shares of FactSet stock directly. These moves are part of standard executive compensation practices, allowing leaders to manage their equity holdings in the company. For deeper insights into FactSet's valuation and performance metrics, including additional ProTips and comprehensive analysis, visit InvestingPro. For deeper insights into FactSet's valuation and performance metrics, including additional ProTips and comprehensive analysis, visit InvestingPro.
The sale was conducted under a Rule 10b5-1 trading plan that Snow had established earlier, which meant he had no discretion over the timing of the transaction. Prior to the sale, Snow exercised options to acquire 3,000 shares at a price of $164.90 per share, resulting in a transaction valued at $494,700. The stock currently trades at a P/E ratio of 34.8x, reflecting the market's premium valuation of the company.
Following these transactions, Snow now holds 16,616 shares of FactSet stock directly. These moves are part of standard executive compensation practices, allowing leaders to manage their equity holdings in the company.
In other recent news, FactSet Research Systems reported a year-over-year revenue increase of 4.9% to $562.2 million and adjusted earnings per share of $3.74. Despite these strong results, FactSet's fiscal 2025 earnings guidance of $16.80-$17.40 per share fell short of Wall Street's projections. Considering these recent developments, BMO Capital Markets and Deutsche Bank (ETR:DBKGn) increased their price targets for FactSet to $521 and $483, respectively, while Redburn-Atlantic downgraded FactSet's stock from Neutral to Sell, expressing concerns over slowing growth. Other firms like Evercore ISI, Stifel, and RBC Capital Markets have set higher price targets, reflecting expectations of slightly better revenue growth in the near term. FactSet's organic Annual Subscription Value (ASV) growth slowed to 5.1% in the fourth fiscal quarter, down from 5.4% in the third fiscal quarter. The company's guidance for organic ASV growth for fiscal year 2025 ranges between 4-6%. FactSet also expects a contraction in operating margins for fiscal year 2025 to 36.5% at the midpoint, a decrease from 37.8% in fiscal year 2024. This anticipated margin squeeze is attributed to higher investments that are not generating proportional returns. Amid these recent developments, FactSet has reaffirmed its financial guidance for fiscal year 2025 and provided an updated medium-term forecast for fiscal year 2028.
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