FactSet on discount ($FD)

10% offer today with no news on the radar! Financial data provider, consistently high margin, cash flows, and EPS growth for decades. The stock is taking a beating, PE is at all time low and stock price at 52w low, all the while EPS is at all time highs. Besides AI woes, which have not affected earnings thus far, the company is facing decreasing operating margins - from 37.6% to 36.2% last quarter (GAAP from 33.6% to 31.6%) with an outlook for FY 2026 between 34.0% to 35.5% (GAAP 29.5% to 31.0%). Company cites "higher technology and third-party content expenses". This is not outside the usual, in fact it's about their average operating margin over the last decades, which fluctuated between 26% to 33.8% (GAAP). Still, revenue continues to grow, and their net margin remains at a stable 25%, translating to continuous earnings and cashflows growth. Adjusted EPS outlook is between $16.90 and $17.60 for FY 2026. Taking a pessimistic view, if it stays at current PE of 14.12, which is a historical low, and they deliver on the lower end of the EPS guidance, it puts the stock price at $239, a modest 7,65% gain, a little below S&P500 implied expected annual return, but still a decent margin of safety. If we assume a mildly optimistic scenario with PE going back not even to historic average but to previous lows of 17, and EPS to mid-point between low and high guidance at $17.25, that puts the stock at $293.25, a 32% return in a year, well beyond implied S&P500 expected return. A final note: Their CEO for decades retired, the new CEO came from JPMorgan with a $1M base compensation but eligible for $11M anual stock grants (regardless of price) starting 2028, as well as one-time $22M stock options that vest if, after 5 years, the stock price (VWAP) is 150% higher than at grant time (fall 2025). No grants eligible in 2027. I would rather see the performance attached to the financials, but at least the larger grant is attached to something, and anyway should have no effect on FY 2026.