FactSet's Trading Volume Surges to $357 Million Despite Stock Decline Amid Leadership Transition

On June 3, 2025, FactSet's trading volume reached $357 million, marking an 188.73% increase from the previous day. The stock, however, experienced a decline of 4.83%, marking its third consecutive day of losses, with a total decrease of 6.67% over the past three days.

FactSet has announced a significant leadership change with the appointment of Sanoke Viswanathan as the new Chief Executive Officer, effective from early September 2025. The current CEO, Phil Snow, will retire after a 30-year career with the company. Snow will remain as a senior advisor until the end of 2025 to ensure a smooth transition. Viswanathan brings extensive experience from his 15-year tenure at JPMorgan Chase, where he served as the CEO of International Consumer and Wealth and was part of the Operating Committee.

This transition marks a significant shift in FactSet’s executive team as they prepare for a new phase under Viswanathan’s leadership. The company's board of directors expressed excitement about welcoming Viswanathan, highlighting his proven track record and strategic vision. The leadership change has been noted as a surprise to most investors, with analysts providing a mixed forecast for the company's future performance.