On July 27, FactSet Research rose 5.1% in regular trading, trading at $267.85/share, with turnover of $69.25 million. The rally was driven by continued investor enthusiasm following strong fiscal Q3 results and accelerating AI-driven growth momentum.
FactSet reported fiscal Q3 adjusted EPS of $4.53, beating the consensus estimate of $4.46, while revenue of $622.9 million also surpassed expectations of $617.9 million. The key highlight was organic annual subscription value growth accelerating to 7.1%, exceeding forecasts for a fifth consecutive quarter. Morgan Stanley noted data solutions maintained double-digit growth with rising client AI adoption rates, while RBC Capital Markets pointed to the accelerating deployment of Model Context Protocol and a solid business pipeline as favorable for sustained ASV growth.
Additionally, the company recently announced a strategic partnership with Google Cloud to launch workflow-specific agentic AI tools for the financial industry, further strengthening its AI ecosystem positioning. Management reaffirmed full-year 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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