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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 (NYSE:FDS) has announced a quarterly cash dividend of $0.77 per share, which will be distributed on March 18, 2021, to shareholders on record as of February 26, 2021. This regular dividend payment reflects the company's commitment to returning value to shareholders. As a leading provider of financial information and analytics, FactSet serves over 138,000 users globally, helping investment professionals with insights and workflow solutions.
FactSet reported its fourth-quarter results for fiscal 2020, showing a 5.3% increase in GAAP revenues to $383.6 million, driven by strong sales in analytics and wealth management solutions. The company also noted an annual subscription value of $1.56 billion, up from $1.48 billion, with a 5.3% organic growth rate. However, operating margin declined to 25.7% due to an impairment expense, while diluted EPS decreased by 2.1% to $2.29. Adjusted diluted EPS rose 10.3% to $2.88. FactSet remains confident about its prospects for fiscal 2021.
FactSet (NYSE:FDS, NASDAQ:FDS) achieved significant recognition in its fiscal year, winning multiple industry awards that underscore its excellence across the investment workflow. Key accolades include the Buy-Side Market Risk Management Product of the Year and Best Client Reporting Solution. FactSet’s commitment to innovation and client support has been highlighted by CEO Phil Snow. The company was honored with 25 awards from various organizations, including the Risk.net Markets Technology Awards and Waters Technology Awards, reflecting its leadership in data and analytics.
FactSet (NYSE:FDS), a leader in financial information and analytical applications, will migrate its real-time ticker plant to Amazon Web Services (AWS), creating a pioneering cloud-based data service. This migration, set to start later in 2020 and finish in 2021, aims to enhance data speed and efficiency, benefiting clients with reduced latency and improved market data processing. The partnership with AWS allows FactSet to leverage their global infrastructure to deliver faster access to essential financial data, crucial for investment decisions.
FactSet has been chosen by the European Commission to provide critical data on global supply chains. This decision is crucial for the Directorate-General for Internal Market, Industry, Entrepreneurship, and SMEs to assess connections between EU companies and understand revenue exposure to geopolitical risks. FactSet will supply the Supply Chain Relationships data, Geographic Revenue data, and Revere Business Industry Classification System data, enhancing the European Commission’s ability to make informed policy decisions amid evolving market threats.
FactSet (NYSE:FDS) will release its financial results for the fourth quarter of fiscal 2020 on September 24, 2020. The announcement includes a conference call at 11:00 a.m. ET to discuss the results. Investors can participate via phone or webcast, with archive access available for one year post-event. FactSet serves over 131,000 users, offering analytics and technology solutions aimed at helping investment professionals gain competitive advantages. The company is recognized for its workplace inclusivity and has received accolades for its analytical tools.
FactSet (NYSE:FDS) announced a quarterly cash dividend of $0.77 per share, reflecting the company’s commitment to returning value to shareholders. The dividend will be paid on September 17, 2020, to shareholders on record as of August 31, 2020. This decision underscores FactSet's robust financial position and confidence in continued performance.
FactSet (NYSE:FDS | NASDAQ:FDS) announced its participation in the UBS Virtual Financial Services Conference on August 12, 2020. Chief Financial Officer Helen Shan will engage in a fireside chat at 3:00 p.m. EDT. A live webcast will be accessible via the company's investor relations website, with a replay available for 30 days post-event. FactSet provides integrated financial information and analytics to over 131,000 users, emphasizing its commitment to quality and inclusivity.
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