10:44 AM EDT, 06/24/2025 (MT Newswires) -- FactSet Research Systems' ( FDS ) new chief executive is expected to "accelerate" investments and reset fiscal 2026 margin outlook as the company's focus will be on the strategic priorities in the future, RBC said in a Monday note.
The company demonstrated a "strong" pipeline for fiscal Q4 for its organic annual subscription value and revenue growth, analysts led by Ashish Sabadra wrote.
In fiscal Q3, FactSet's organic ASV and revenue growth "inflected" because of "easy comparisons" and new wins amid weaker than anticipated global pricing, the analysts said.
The customer retention was also "stable" and annual ASV retention stood at more than 95%, the analysts mentioned.
RBC maintained its sector perform rating and $503 price target on FactSet's stock.
Shares of the company were down 1.4% in recent Tuesday trading.
Price: 431.39, Change: -5.64, Percent Change: -1.29