On October 9, FactSet Research rose 5.05% in regular trading, trading at $286.555/share, with Turnover of $120 million. The stock advanced sharply after the company announced an expanded partnership with Scotiabank's Scotia Wealth Management to further integrate FactSet's unified research and intelligence platform into the latter's advisor and investment platforms.
The announcement comes amid heightened market focus on FactSet's AI monetization progress. Recent fiscal Q4 results showed adjusted earnings of $4.52 per share, beating consensus, and RBC Capital Markets noted that accelerating AI monetization and growing enterprise contract adoption reinforce confidence in fiscal 2027 annual subscription value growth. Autonomous Research also raised its price target on the stock to $393.
Within the Financial Exchanges & Data sector, Cboe Global Markets rose 5.63%, CME Group gained 2.68%, Intercontinental Exchange added 2.16%, S&P Global rose 2.0%, while Coinbase Global fell 1.69%. FactSet Research Systems Inc., headquartered in Norwalk, Connecticut, provides integrated financial information and analytical applications to the investment community globally.
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