On July 14, FactSet Research Systems rose 5.36% in regular trading, trading at approximately $260.55/share, with turnover of $66.41 million.
The rally was driven by the company's fiscal Q3 results that exceeded market expectations. Adjusted EPS came in at $4.53, beating the analyst consensus of $4.46 by 1.57%, while revenue of $622.9 million surpassed estimates of $617.9 million. Organic annual subscription value growth accelerated to 7.1%, marking the fifth consecutive quarter of above-consensus performance, with AI-driven adoption highlighted as a core growth catalyst.
Additionally, the company announced a strategic partnership with Google Cloud to launch workflow-specific agentic tools for the financial industry. FactSet also expanded its Model Context Protocol suite to portfolio analytics, enabling AI-native workflows. Morgan Stanley noted that AI-driven ASV growth remains strong, while RBC Capital Markets said the results addressed investor concerns on growth deceleration. The company reaffirmed its fiscal 2026 guidance of adjusted EPS of $17.25-$17.75 and revenue of $2.45-$2.47 billion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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