Welcome to our dedicated page for Factset Resh Sys news (Ticker: FDS), a resource for investors and traders seeking the latest updates and insights on Factset Resh Sys stock.
Overview of FactSet Resh Sys Inc (FDS)
FactSet Resh Sys Inc is a global provider of comprehensive financial data, portfolio analytics, and enterprise solutions that empowers investment management and banking professionals worldwide. By harnessing state-of-the-art technology and advanced data integration, FactSet delivers a digital platform that aggregates financial information from a diverse range of sources including third-party data suppliers, news outlets, exchanges, brokerages, and in-house research experts.
Core Business and Solutions
At its core, FactSet offers a subscription-based model designed to provide immediate access to high-quality financial data and sophisticated analytic applications. The company’s solutions are tailored to optimize investment research and support complex decision-making processes. Key services include:
- Data Aggregation: Consolidating vast arrays of financial data, market news, and real-time pricing to offer a single source of truth for financial professionals.
- Portfolio Analytics: Equipped with tools that enable detailed risk management, performance measurement, and compliance reporting, the platform is essential for monitoring and optimizing investment portfolios.
- AI-Enhanced Research Tools: Innovative products such as Transcript Assistant and Pitch Creator integrate artificial intelligence with traditional financial metrics to streamline research and analysis workflows.
Technological Innovation and Client Focus
FactSet’s commitment to technology is demonstrated by its ongoing refinement of software tools and integration of advanced artificial intelligence capabilities. The company has pioneered interactive GenAI solutions that allow users to query and analyze earnings call transcripts, effectively turning unstructured data into actionable insights. Such tools are designed to reduce manual processes, speed up analysis, and significantly improve the efficiency of financial research.
Market Position and Competitive Landscape
Positioned within a competitive segment of the financial technology industry, FactSet competes with other major financial data providers by continuously delivering innovative solutions and by maintaining an unwavering dedication to client service. Its ability to integrate cutting-edge technology with personalized support sets it apart, ensuring that financial advisors, portfolio managers, and other institutional investors receive solutions that are both robust and reliable.
Operational Excellence and Industry Expertise
The company’s model leverages both advanced data integration and comprehensive client support to create a unique value proposition. FactSet not only supplies critical financial data but also enhances decision-making through tailored analytics and interactive, AI-driven platforms. This dual focus on technological excellence and client service has cemented its reputation among industry professionals and has enabled it to adapt swiftly to evolving market demands.
Client Service and Customization
Understanding that the needs of financial professionals vary greatly, FactSet emphasizes personalized support and continuous engagement. A dedicated team of industry experts works directly with clients to ensure that the platform is customized to meet specific research needs and workflow requirements. This high-touch service model is bolstered by 24-hour consultant support and a commitment to seamless client integration.
Integration of Acquisitions and Expanded Capabilities
FactSet’s strategic acquisitions over the years have broadened its portfolio and enabled access to specialized financial services. With integrations spanning trade execution software and risk management systems, the company has expanded its utility and demonstrated a capacity to evolve within multiple facets of the financial industry.
Summary
Through its comprehensive digital platform, FactSet Resh Sys Inc offers an unparalleled fusion of data aggregation, advanced analytics, and AI-powered research tools. Its commitment to technological innovation, exceptional client service, and operational efficiency continues to position the company as a cornerstone in the global financial services ecosystem. By continuously integrating state-of-the-art technologies and providing critical support to industry experts, FactSet remains a trusted partner for investors and financial professionals aiming to achieve more informed and strategic outcomes.
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.
Aidentified has announced a $12.5 million Series B funding round led by FactSet, a renowned provider of financial data and analytics. The AI-powered prospecting and relationship intelligence platform aims to leverage this investment to enhance its technology and expand its workforce. Aidentified serves professionals in financial services, providing tools to identify, qualify, and convert new clients. With a vast dataset mapping billions of connections, Aidentified's platform enables strategic prospecting powered by AI. The funding will support continued growth and client adoption, as highlighted by executives from both Aidentified and FactSet.
FactSet (NYSE: FDS | NASDAQ: FDS) will announce its Q3 2024 financial and operating results on June 21, 2024. The results cover the fiscal period ending May 31, 2024. A conference call to discuss these results will be held at 11:00 a.m. Eastern Time on the same day. Investors can register for the call using the provided link, which will give them dial-in numbers and a unique access pin. The call will include a live Q&A session, and presentation slides will be available on FactSet's investor relations website 30 minutes prior to the call. A replay of the call will be available from 1:00 p.m. Eastern Time on June 21, 2024, through June 21, 2025.
FAQ
What is the current stock price of Factset Resh Sys (FDS)?
What is the market cap of Factset Resh Sys (FDS)?
What is the core business of FactSet Resh Sys Inc?
How does FactSet generate revenue?
Which key client segments does FactSet serve?
How does FactSet utilize advanced technologies in its solutions?
What competitive advantages does FactSet offer?
How does FactSet ensure data reliability and accuracy?
What role do acquisitions play in FactSet's business model?
How is FactSet positioned within the financial technology industry?
