Factset Research Systems - FDS STOCK NEWS

FactSet (NYSE:FDS | NASDAQ:FDS) will announce its third quarter fiscal 2021 results on June 29, 2021, covering the period ending May 31, 2021. The financial results will be discussed in a conference call at 11:00 a.m. ET on the same day. Interested participants can join the call using provided U.S. and international numbers or via a live webcast. An archived version of the webcast will be accessible for one year on the investor relations website. FactSet continues to support over 153,000 users with its financial analytics and technology solutions.

FactSet, a global provider of financial information and analytical applications, announced that CEO Phil Snow and CFO Helen Shan will participate in a virtual fireside chat at the Barclays Americas Select Franchise Conference on May 19, 2021, at 7:00 a.m. EDT.

The event will be accessible via a live webcast and subsequent replay on their investor relations website.

FactSet provides analytics and technology to over 153,000 users, aiming to help investment professionals seize opportunities with informed insights.

FactSet has announced a 6.5% increase in its quarterly cash dividend, raising it from $0.77 to $0.82 per share. This marks the 22nd consecutive year of dividend increases, reflecting the company's ongoing commitment to shareholder value. The new dividend will be paid on June 17, 2021, to stockholders of record as of May 31, 2021.

FactSet (NYSE:FDS) conducted a survey revealing the impact of COVID-19 on high net worth investors. The study, conducted in November 2020, involved affluent individuals with an average net worth of $1.6 million. Key findings indicate that 28% of women have become more risk-averse compared to 20% of men, highlighting gender disparities. Additionally, 72% of respondents showed interest in responsible investing, with millennials focusing on operational risks. The need for a balanced digital and physical interaction in wealth management was emphasized, as investors desire transparency and ethical considerations in their investments.

FactSet announces a significant leadership change as Helen Shan is appointed as Chief Revenue Officer (CRO), effective May 3, 2021. She has been the Chief Financial Officer (CFO) since 2018 and will continue in that role until a successor is found. Shan will oversee all revenue performance and manage the global Sales organization, leveraging her 25 years of experience to drive growth. The shift is expected to enhance FactSet's strategic focus on content and analytics platforms.

FactSet (NYSE:FDS) has integrated ICE Liquidity Indicators into its Portfolio Analytics, enhancing fund liquidity risk management for investment professionals. This tool, provided by Intercontinental Exchange, measures liquidity risk across multiple asset classes, offering metrics like future trade volume capacity and projected price volatility. As regulatory demands heighten, the ability to assess liquidity risk holistically becomes critical for firms. The ICE Liquidity Indicators currently cover approximately 4.6 million instruments, aiding clients in meeting client redemption requirements and regulatory compliance.

NORWALK, Conn. and TOKYO, April 05, 2021 — The Tokyo Stock Exchange (TSE) and FactSet (NYSE:FDS) announced a partnership to develop co-branded thematic indices focused on Japanese stocks. This initiative aims to leverage TSE's expertise in stock indices and FactSet's data capabilities to address societal and investment trends in Japan. The first indices will include the JPX/FactSet Japan 100-Year Index, JPX/FactSet Japan Regional Economies Index, and JPX/FactSet Japan ASEAN-Leaders Index. This collaboration seeks to enhance the investment landscape in Japan.

FactSet (NYSE:FDS) reported a 6% revenue growth for Q2 FY2021, amounting to $391.8 million, up from $369.8 million the previous year. The growth was driven by higher sales of analytics and content technology solutions. Organic revenues increased 4.9%. The company's Annual Subscription Value (ASV) reached $1.6 billion, representing a 5.5% growth rate. Diluted EPS rose 8.7% to $2.50, with an adjusted EPS of $2.72. The operating margin improved to 29.6%, and share repurchase program increased to $350 million.

FactSet has launched the Truvalue Labs SDG Monitor, providing a real-time overview of corporate alignment with the UN Sustainable Development Goals (SDGs). This innovative tool allows investors to assess over 21,000 companies globally, utilizing data from more than 100,000 sources in 13 languages. The SDG Monitor offers a unique perspective by considering both positive and negative corporate impacts, aiding better data access for social and environmental factors. The tool is free to use and structured as a public service, reinforcing FactSet’s commitment to filling significant data gaps in ESG evaluation.