Welcome to our dedicated page for Factset Research Systems news (Ticker: FDS), a resource for investors and traders seeking the latest updates and insights on Factset Research Systems stock.
FactSet Research Systems (NYSE: FDS | NASDAQ: FDS) is a global leader in providing financial data, analytics, and enterprise solutions to investment management and investment banking professionals worldwide. With a focus on technological innovation and client service, FactSet delivers instant access to comprehensive financial data and sophisticated analytic tools to thousands of analysts, portfolio managers, and investment bankers at the world’s leading financial institutions.
Founded on a commitment to creatively leveraging technology, FactSet continually evolves its software to stay ahead of industry demands. Their suite of tools enables users to conduct high-level investment research, supported by unparalleled client service through individual consultant contacts and 24-hour personal support. Recognized among Fortune's '100 Best Companies to Work For,' FactSet also integrates a strong culture of employee satisfaction and growth.
FactSet's core business revolves around aggregating data from third-party suppliers, news sources, exchanges, and brokerages into its robust workstation platform. This platform is essential for providing portfolio analytics and addressing reporting requirements for their extensive client base, with buy-side clients making up 82% of FactSet's annual subscription value.
The company has made significant acquisitions to broaden its capabilities, including Portware in 2015, BISAM in 2017, and CUSIP Global Services in 2022. These strategic acquisitions have enhanced FactSet's offerings in trade execution, risk management, and performance measurement, solidifying its position as a comprehensive solution provider.
FactSet recently launched its first interactive GenAI product, the Transcript Assistant, within its workstation. This tool leverages generative AI to help users efficiently search, analyze, and extract actionable insights from transcripts, thus enhancing the investment research process. FactSet continues to push the envelope in AI and machine learning to improve decision-making and drive productivity for its clients.
Financially, FactSet remains strong, with consistent revenue growth and strategic investments in technology. The company’s commitment to innovation and client service ensures that it remains a vital partner to the global investment community.
For more information, visit www.factset.com and follow FactSet on Twitter and LinkedIn.
FactSet (NYSE:FDS) reported strong Q1 fiscal 2025 results with GAAP revenues increasing 4.9% to $568.7 million. The company's organic revenues grew 4.7% year over year to $567.7 million, driven by growth in wealth, asset owners and institutional asset managers.
Key financial metrics include: GAAP operating margin of 33.6% (down 120 bps YoY), adjusted operating margin of 37.6% (flat YoY), and GAAP diluted EPS of $3.89 (up 1.3% YoY). The company's Annual Subscription Value (ASV) reached $2,265.9 million, with organic ASV growing 4.5% YoY. Free cash flow decreased 56.4% to $60.5 million, primarily due to lower operating cash flow and increased capital expenditures.
FactSet (NYSE: FDS | NASDAQ: FDS) has appointed Barak Eilam to its Board of Directors and Compensation and Talent Committee. Eilam, the outgoing CEO of NICE, brings nearly 30 years of enterprise software experience. During his CEO tenure at NICE (2014-2024), he achieved remarkable results:
- Tripled revenue to nearly $3 billion
- Grew cloud revenue from almost zero to $2 billion
- More than quadrupled earnings per share
Eilam's 25-year career at NICE included various senior executive positions in engineering, product management, and sales leadership. He currently serves on the boards of HMH and SimilarWeb, and holds a Bachelor of Science in Electrical Engineering from Tel Aviv University.
Mosaic, a Digital Deal Modeling platform, has announced its integration with FactSet (FDS) to enhance public-to-private deal modeling capabilities. The integration allows mutual customers to automatically populate Mosaic's deal modeling engine with FactSet's financial data, including fundamental financials, consensus estimates, and real-time market pricing.
The collaboration enables private equity firms and investment banks to conduct complex take-private analysis in under one minute, significantly reducing the time traditionally required for spreadsheet-based workflows. Users can now focus on high-impact assumptions around deal forecasting, capitalization, and exit strategies while benefiting from automated data collection.
FactSet and J.P. Morgan Securities Services have announced a strategic collaboration to integrate FactSet's performance, reporting, and portfolio analytics solutions with J.P. Morgan's Fusion data management platform. The joint initiative aims to provide asset managers and asset owners with comprehensive data management and portfolio analytics capabilities.
The integration combines Accounting and Investment Book of Records with around-the-clock governance and oversight tools, delivering high-quality returns, attribution, and ex-post risk statistics through structured reporting and modern data distribution. The collaboration offers clients reduced total cost of ownership and flexibility in outsourcing or insourcing portfolio analytics needs.
FactSet (NYSE: FDS | NASDAQ: FDS) has appointed Christopher McLoughlin as Executive Vice President, Chief Legal Officer (CLO), effective December 2, 2024. McLoughlin will oversee FactSet’s global legal, compliance, risk, government, and regulatory affairs functions, reporting directly to CEO Phil Snow. He brings over 20 years of legal experience, including roles at S&P Global Market Intelligence and IHS Markit. McLoughlin holds a Bachelor of Laws from the University of Manchester and a Postgraduate Diploma in Legal Practice from Nottingham Law School. He will be based in FactSet’s London office. McLoughlin succeeds Megan Jones, who served as interim CLO.
FactSet announced its Intelligent Platform initiative, introducing conversational AI integration at the platform level. The system connects an enhanced FactSet Mercury, the company's conversational knowledge engine, to AI-powered solutions through a global assistant. The platform features agentic orchestration for auditable answers and actionable insights, alongside Enterprise AI Building Blocks for in-house client implementation.
Key upcoming solutions include Pitch Creator for Bankers, Portfolio Commentary with expanded features, and IRN 2.0 for research management, all launching in early 2025. The initiative aims to enhance productivity and decision-making for buy- and sell-side clients through streamlined workflows and improved data discoverability.
FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, has announced it will release its first quarter fiscal 2025 financial and operating results on December 19, 2024. The company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the results. The earnings presentation slides will be available on the investor relations website at 10:30 a.m. ET, with a replay accessible until December 19, 2025.
FactSet hosted its 2024 Investor Day, highlighting its strategic priorities and financial outlook. The company reaffirmed its fiscal 2025 guidance, projecting GAAP revenues of $2,285-2,305 million and GAAP operating margin of 32.5-33.5%. FactSet announced its medium-term outlook through fiscal 2028, targeting mid-to-high single-digit organic ASV growth and adjusted operating margin of 37-38%. The company emphasized its $40B+ total addressable market and its position as an enterprise partner, serving 95 of the top 100 asset managers and approximately 75% of the top 50 global investment banks.
FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, has announced a quarterly cash dividend of $1.04 per share. The dividend will be distributed on December 19, 2024, to shareholders of record as of the close of business on November 29, 2024.
FactSet (NYSE: FDS | NASDAQ: FDS) announced the acquisition of Irwin, a Toronto-based investor relations and capital markets solution provider. The deal builds upon their existing partnership that integrates Irwin's IR CRM with FactSet Workstation. Founded in 2017, Irwin offers a modern investor relationship management platform combining intuitive design and workflow automation. The acquisition is expected to close during FactSet's first quarter fiscal 2025 and is not anticipated to materially impact FactSet's fiscal 2025 results. The integration aims to provide IR professionals with a unified solution for investor engagement, research, and corporate access.
FAQ
What is the current stock price of Factset Research Systems (FDS)?
What is the market cap of Factset Research Systems (FDS)?
What does FactSet Research Systems do?
Who are FactSet's primary clients?
What are some key acquisitions FactSet has made?
What is FactSet's Transcript Assistant?
How does FactSet support its clients?
What makes FactSet a great place to work?
Where is FactSet headquartered?
What are some recent innovations by FactSet?
How does FactSet ensure data quality and accuracy?
What industries does FactSet serve?
