FactSet price target raised to $315 from $293 at Deutsche Bank » 06:5609/2509/25/20
Deutsche Bank analyst…
Deutsche Bank analyst Ashish Sabadra raised the firm's price target on FactSet to $315 from $293 and keeps a Hold rating on the shares following the company's fiscal Q4 results. Despite the potential slowdown in annual subscription value growth, the stock is trading at a "rich" valuation and "significant premium" to Information Services peers, Sabadra tells investors in a research note.
FactSet price target raised to $313 from $298 at UBS » 06:5009/2509/25/20
UBS analyst Alex Kramm…
UBS analyst Alex Kramm raised the firm's price target on FactSet to $313 from $298 but keeps a Sell rating on the shares. The stock outperformed following Q4 results with "strong" ASV growth and better than expected FY21 guidance, but "elevated levels of uncertainty" led to the management backing off its FY22 growth targets and the potential for re-acceleration, the analyst tells investors in a research note. Kramm further cites FactSet's incremental uncertainty ahead, with the midpoint of the company's FY21 organic ASV guidance calling for deceleration from prior year.
Allianz and Athora in talks for joint bid for Aviva's French unit, Reuters says » 11:5609/2409/24/20
AZSEY, AVVIY, JPM, AXAHY, ARZGF
A consortium of Allianz…
A consortium of Allianz (AZSEY) and private equity-backed life insurer Athora Holdings is in advanced discussions to acquire Aviva's (AVVIY) French business in a deal worth EUR2B-EUR3B, Reuters' Pamela Barbaglia, Alexander Hubner, and Arno Schuetze report, citing sources close to the matter. Aviva is working with JPMorgan (JPM) and Rothschild on selling the business which provides life insurance to French clients, the authors note. The unit has also drawn interest from Axa (AXAHY), Assicurazioni Generali (ARZGF), and La Mondiale, as well as others, the authors say, noting that Aviva said it was "in the very early stages of developing its strategy for its continental European and Asian businesses." Reference Link
FactSet sees 2021 adjusted EPS $10.75-$$11.15, consensus $10.84 » 07:0409/2409/24/20
Sees 2021 revenue…
Sees 2021 revenue $1.57B-$1.585B, consensus $1.55B.
FactSet reports Q4 adjusted EPS $2.88, consensus $2.54 » 07:0309/2409/24/20
Reports Q4 revenue…
Reports Q4 revenue $383.6M, consensus $378.38M. "We executed well on our second-half pipeline to end our fiscal year in a strong position," said Phil Snow, FactSet CEO. "I am proud of our team's performance and remain confident in our investment plan. Our programs in content and technology are expanding the universe of knowledge our clients trust and meeting demand for the workforce of the future."
Moody's CEO sells 10K shares of common stock » 17:3709/2309/23/20
In a regulatory filing,…
In a regulatory filing, Moody's disclosed that its CEO Raymond McDaniel sold 10K shares of common stock on September 2nd in a total transaction size of $2.83M. The holding represents about 4% of his total owned.
Fly Intel: Wall Street's top stories for Wednesday » 16:4409/2309/23/20
NKE, TSLA, JNJ, WDC, JPM, DAL, TWTR, ACIU, RHHBY, RGNX, NVS
U.S. equity futures were…
TriState Capital management to meet virtually with DA Davidson » 15:3409/2309/23/20
Virtual Meeting to be…
Virtual Meeting to be held on September 28 hosted by DA Davidson.
JPMorgan set to pay $1B to end market manipulation probes, Bloomberg says » 13:3809/2309/23/20
JPMorgan Chase is set to…
JPMorgan Chase is set to pay close to $1B to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities, Blomberg reports, citing three people with knowledge of the matter. The record for a settlement involving alleged spoofing could be announced as soon as this week and would end probes by the Justice Department, the Commodity Futures Trading Commission and the Securities and Exchange Commission into whether traders on JPMorgan's precious metals and treasuries desks rigged markets, sources told Bloomberg. Reference Link
JPMorgan set to pay $1B fine for spoofing, Bloomberg reports 13:1409/2309/23/20