Factset Research Systems - FDS STOCK NEWS

CapIntel, a leading proposal generation and client engagement platform, has partnered with FactSet, a global financial digital platform provider, to enhance wealth management experiences. This integration allows advisors to create CapIntel's digital, compliant, and personalized proposals directly within the FactSet Workstation, streamlining workflow and user experience.

The collaboration aims to drive meaningful conversations and build investor trust by combining FactSet's analytics with CapIntel's engaging investment presentations. According to CapIntel's 2024 Investor Engagement Report, 65% of investors value personalized service from their advisors. This partnership addresses the need for personalized experiences at scale in the competitive wealth management landscape.

The integration is now available to advisors on the FactSet Workstation, offering a more accessible, transparent, and comprehensive way to create personalized client experiences.

FactSet, a global financial digital platform provider, announced that the Science Based Targets initiative (SBTi) has validated its near-term sustainability initiative to reduce greenhouse gas (GHG) emissions. This validation follows FactSet's 2022 commitment and confirms the company's goals are inline with SBTi's guidelines.

FactSet's commitments include:

• Reducing absolute scope 1 and 2 GHG emissions by 45% by fiscal year 2030 from fiscal 2023 base year levels
• Reducing absolute scope 3 GHG emissions by 25% by fiscal year 2030 from fiscal 2023 base year levels

The company plans to measure and disclose its GHG emissions, implement strategies to decrease emissions, and progress towards a net-zero future. This validation aligns with FactSet's sustainability plan, supported by its executive-sponsored Sustainability Committee and previous pledges with the UNGC and PRI.

FactSet reported Q4 2024 GAAP revenues of $562.2 million, a 4.9% increase year-over-year. Organic Q4 ASV and professional services grew 4.8% to $2,272.8 million. The GAAP operating margin rose to 22.7%, and the adjusted operating margin improved to 35.8%, up 240 basis points. GAAP diluted EPS surged 38.1% to $2.32, while adjusted diluted EPS increased 23.8% to $3.74.

For fiscal 2025, FactSet anticipates organic ASV growth of 4%-6%, GAAP revenues between $2,285 and $2,305 million, an adjusted operating margin of 36%-37%, and adjusted diluted EPS between $16.80 and $17.40. The company recorded a $54 million charge related to a Massachusetts sales tax dispute.

Full-year 2024 highlights include a 5.6% increase in GAAP revenues to $2.20 billion and a 15.5% rise in GAAP diluted EPS to $13.91. Free cash flow was $137.2 million for Q4, down 12.2% year-over-year, while full-year free cash flow rose 5.1% to $614.7 million. FactSet raised its quarterly dividend by 6% and repurchased $385.9 million in shares and dividends.

FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, has announced its upcoming Investor Day on November 14, 2024. The event will be held in New York City and streamed live from 8:00 a.m. to 2:00 p.m. EST. Key highlights include:

• In-depth look at FactSet's financial outlook
• Showcase of innovative technology and differentiated products
• Demonstrations of generative AI products
• Presentations on new client-centric workflow solutions
• Q&A sessions with executive leadership

The event is invitation-only, with registration required. Analysts and institutional investors can request invitations at factset.com/ID24. A webcast recording and slides will be available post-event at investor.factset.com.

FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, has announced its upcoming fourth quarter fiscal 2024 earnings release and conference call. The company will release its financial and operating results for the quarter ending August 31, 2024, on Thursday, September 19, 2024. A conference call to discuss these results is scheduled for 11:00 a.m. Eastern Time on the same day.

Investors can register for the conference call using the provided link. The earnings presentation slides will be available on FactSet's investor relations website at 10:30 a.m. Eastern Time, 30 minutes before the call. A replay of the call will be accessible on the company's website from September 19, 2024, to September 19, 2025, after 1:00 p.m. Eastern Time. Additionally, the earnings call transcript will be available via FactSet CallStreet.

FactSet (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform provider, has appointed Kristina Karnovsky as Executive Vice President and Head of the Dealmakers and Wealth group, effective September 1. Karnovsky, currently serving as EVP and Chief Product Officer, brings 23 years of experience at FactSet to her new role. She succeeds Goran Skoko, who will become Chief Revenue Officer.

In her previous role, Karnovsky led key enterprise-level capabilities and drove advancements in FactSet's enterprise GenAI strategy. She also headed Research Solutions, overseeing global strategy and product development for major clients. CEO Philip Snow expressed confidence in Karnovsky's abilities, citing her deep product knowledge and client rapport.

In her new position, Karnovsky will be responsible for setting strategy for wealth, banking, and dealmaking clients, expanding market share, and strengthening client relationships. This leadership change underscores FactSet's commitment to product innovation and client-focused solutions.

FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, has announced a regular quarterly cash dividend of $1.04 per share. The dividend will be paid on September 19, 2024, to shareholders of record at the close of business on August 30, 2024. This announcement demonstrates FactSet's commitment to returning value to its shareholders and reflects the company's financial stability. The consistent dividend payout suggests confidence in FactSet's ongoing financial performance and cash flow generation capabilities.

FactSet (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform provider, has announced significant leadership changes. Helen Shan, currently Executive VP and Chief Revenue Officer, has been appointed Chief Financial Officer, effective immediately. Shan, who previously served as CFO from 2018 to 2021, succeeds Linda Huber. During her previous CFO tenure, Shan executed successful financial strategies, expanded FactSet's solutions, and drove increased margins and earnings.

Goran Skoko, currently Executive VP, Managing Director of EMEA and Asia Pacific, will become the new Chief Revenue Officer, effective September 1, 2024. Skoko brings two decades of sales, product, and engineering experience at FactSet. The company has reaffirmed its full-year fiscal 2024 guidance, as previously provided on June 21, 2024.

FactSet reported its Q3 2024 results, showing a 4.3% increase in GAAP revenues to $552.7 million compared to Q3 2023. Organic ASV plus professional services grew by 5.0% year over year to $2,220.4 million. The GAAP operating margin improved to 36.6%, up 420 basis points, while the adjusted operating margin rose to 39.4%, a 340 basis point increase from the previous year. GAAP diluted EPS increased by 18.2% to $4.09 and adjusted diluted EPS by 15.3% to $4.37.

The company updated its fiscal 2024 guidance, expecting organic ASV plus professional services growth of $85-$120 million, GAAP revenues between $2,180 and $2,190 million, an adjusted operating margin of 37.0%-37.5%, and adjusted diluted EPS of $16.00-$16.40.

Key financial measures include a 17.7% increase in operating income to $202.5 million, a 17.4% rise in net income to $158.1 million, and a 16.9% increase in adjusted EBITDA to $239.9 million.