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FactSet shares fall as investors worry about growth and AI disruption
FactSet stock is down 12.9% from its 52-week high, and the article ties the underperformance to slowing organic growth and weaker demand from asset managers.
FactSet Research Systems shares have slipped amid concerns about slowing growth and potential disruption from AI in the financial data market, according to an analysis published by Yahoo Finance.
The article says FactSet is a large-cap firm with a market cap of $10.1 billion and a global customer base, but its stock has underperformed the Nasdaq Composite on several time frames. Shares dipped 12.9% from their 52-week high of $320.48, while over the past three months they rose 28.4% versus the Nasdaq Composite's 4.0% gain in the same period. On a year-to-date basis, FactSet is down 3.3%, compared with the Nasdaq Composite's 17.1% return, and the stock has fallen 5.0% over the past 52 weeks versus the Nasdaq's 19.5% increase.
Yahoo Finance attributes the weakness to slowing organic growth and softer demand from asset managers and asset owners, alongside longer sales cycles and client budget tightening. The analysis also points to doubts about whether FactSet's AI investments can offset structural pressures, including concerns about fragmented data consumption and pricing power.
The article contrasts FactSet's performance with rival S&P Global Inc. It notes that S&P Global is down 22.6% on a year-to-date basis and down 20% over the past 52 weeks, while FactSet has continued trading above its 50-day moving average since late February.
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