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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 has launched its Technology, Media, and Telecoms (TMT) content offering as part of its 'deep sector' strategy, integrating data from leading companies like Insider Intelligence and Nielsen. This move aims to provide investment professionals with improved access to industry-specific data, including insights on television ratings and advertising spending. The Chief Content Officer of FactSet highlighted rising demand for granular data in the TMT sector, driven by digital technology shifts. Additional data will be integrated into FactSet’s platform in the coming months.
FactSet announced the resignation of Rima Hyder, Senior Vice President of Investor and Media Relations, effective December 10, 2021. She is succeeded by Kendra Brown, who brings over 20 years of experience at FactSet and has served as Chief of Staff to the CEO. Hyder has been credited with establishing a global investor relations program and expanding the investor base during her tenure. The leadership change is expected to enhance FactSet's communication strategies with the investment community.
FactSet (NYSE:FDS) has announced a quarterly cash dividend of $0.82 per share, which will be payable on December 16, 2021. Shareholders of record as of November 30, 2021 will qualify for this dividend. As a global provider of financial information and analytical applications, FactSet aims to empower over 160,000 users with superior content and insights for better decision-making. The company has also achieved recognition for its commitment to LGBTQ+ inclusion, earning a score of 100 on the Human Rights Campaign® Corporate Equality Index.
FactSet has acquired Cobalt Software, Inc., enhancing its private market solutions and workflow capabilities for private equity and venture capital firms. The acquisition, which closed on October 12, 2021, aligns with FactSet's multi-year investment strategy to expand data offerings and improve portfolio monitoring solutions. Cobalt’s advanced analytics and reporting platform will provide clients with actionable insights to meet complex demands. The transaction is not expected to significantly impact FactSet’s fiscal 2022 results.
FactSet reported a 7.4% revenue growth for Q4 FY 2021, reaching $411.9 million, driven by increased sales in analytics and technology solutions. Organic revenues grew by 6.7% at $410.1 million. Annual Subscription Value (ASV) increased to $1.7 billion, marking a record with a 7.2% growth rate. Operating margin rose to 28.9%, while diluted EPS increased by 14.8% to $2.63. Despite a flat adjusted EPS at $2.88, the company is optimistic about its fiscal 2022 outlook, aiming for continued growth through strategic investments.
FactSet (NYSE:FDS) has been selected by Raymond James Ltd. to provide market data for financial advisors in Canada. The partnership will implement FactSet’s web-based Wealth Workstation for over 900 wealth management professionals, enhancing access to multi-asset class market data and analytics. The platform integrates internal model portfolios and approved lists, boosting collaboration between advisors and research teams. This collaboration aims to improve productivity and client engagement through seamless web and mobile connectivity.
FactSet (NYSE:FDS) announced it will release its financial results for Q4 fiscal 2021 on September 28, 2021. The earnings call will take place at 11:00 a.m. ET on the same day.
Participants can join via U.S. number 833.726.6487 or international number 830.213.7677 using passcode 9771799. An archived webcast will be available on the investor relations website for one year.
FactSet delivers advanced analytics and technology solutions, serving over 155,000 users across the investment industry.
FactSet has appointed Linda S. Huber as the new Chief Financial Officer (CFO), effective early October 2021. Huber brings over 30 years of experience, including 15 years as CFO in public companies. She will oversee all financial functions, reporting to CEO Phil Snow. Huber previously held CFO roles at MSCI Inc. and Moody’s Corporation, contributing to her strong financial background. This leadership change is intended to strengthen FactSet's financial strategies as it pursues long-term growth.
FactSet (NYSE:FDS) has announced a quarterly cash dividend of $0.82 per share, set to be paid on September 16, 2021. Shareholders on record as of August 31, 2021 will receive this dividend. This move reflects the company’s commitment to delivering value to its investors while continuing to support its integrated financial information and analytical services.
FactSet (NYSE:FDS | NASDAQ:FDS), a global provider of financial information and analytical applications, will participate in the UBS Virtual Financial Services Conference on August 10, 2021. Helen Shan, CFO and Chief Revenue Officer, will engage in a fireside chat scheduled for 10:00 a.m. EDT. A live webcast will be accessible on the company's investor relations website, with a replay available for one year.
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