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Factset Research Systems - FDS STOCK NEWS

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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.

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FactSet (FDS) appoints Laurie Hylton, a seasoned finance executive, to its Board of Directors, bringing over 30 years of expertise in asset management and public accounting. Hylton's background includes roles as CFO and Chief Accounting Officer at Eaton Vance Corp., with significant contributions to strategic direction. With a strong financial industry background, Hylton's appointment is expected to enhance FactSet's growth and value delivery to stakeholders.
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FactSet introduces Transcript Assistant, a GenAI-powered chatbot for in-depth research and analysis of earnings call transcripts, enhancing investment research within the FactSet Workstation. Key features include interactive chat assistant, robust search capabilities, view intelligent summaries, and seamless integration.
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FactSet (NYSE: FDS | NASDAQ: FDS) to Release Q2 Fiscal 2024 Results on March 21, 2024
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FactSet (FDS) has declared a regular quarterly cash dividend of $0.98 per share, to be paid on March 21, 2024, to holders of record as of February 29, 2024.
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LoopFX (LOOP) and FactSet (FS) announce plans to integrate LoopFX into FactSet's Foreign Exchange execution management system, Portware, in early 2024. FactSet will embed LoopFX's 'Peer-To-Bank' matching engine technology into Portware, providing FactSet’s clients easy access within their existing workflows directly on their trading screen. LoopFX serves both the buy-side and sell-side by sourcing large block liquidity in a dark pool, reducing trading costs and improving execution processes for large FX trades in excess of $10m.
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FactSet (NYSE:FDS) reported a 7.4% increase in GAAP revenue to $542.2 million for Q1 2024, with organic ASV plus professional services growing 7.1% to $2,185.0 million. The company's GAAP operating margin increased to 34.9%, while adjusted operating margin decreased to 37.6%. GAAP diluted EPS rose 9.1% to $3.84, and adjusted diluted EPS increased 3.3% to $4.12. The company also provided fiscal 2024 guidance, expecting ASV plus professional services growth of 5-7%, GAAP revenue growth of 5.5-6%, adjusted operating margin increase of 10-50 bps, and adjusted diluted EPS growth of 6-9%. FactSet has launched FactSet Mercury, featuring a new large language model-based workflow tool for junior bankers.
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FactSet (FDS) announces the beta release of FactSet Mercury, an AI-powered knowledge agent designed to enhance fact-based decision making and streamline company research workflows for junior bankers. The chatbot offers a single conversational interface to access comprehensive financial fundamentals, pricing data, and bank regulatory data, along with new features like Chart Creator for pitch-ready charts. FactSet Explorer program enables early access to GenAI-powered beta products, with plans to scale across client segments.
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FactSet (NYSE: FDS | NASDAQ: FDS) to release first quarter fiscal 2024 financial and operating results on December 19, 2023. Conference call details and registration provided. Earnings presentation slides available before the call, with a replay and transcript accessible afterward.
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Accelex, a provider of AI automation for private markets data, has closed a $15 million Series A funding round led by FactSet. The funding will be used to expand operations and enhance product capabilities. Accelex's technology is already a key enabler in FactSet's private markets growth strategy.
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FactSet (NYSE: FDS | NASDAQ: FDS) has announced a regular quarterly cash dividend of $0.98 per share. The dividend will be paid on December 21, 2023, to holders of record on November 30, 2023.
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FAQ

What is the current stock price of Factset Research Systems (FDS)?

The current stock price of Factset Research Systems (FDS) is $487.62 as of November 22, 2024.

What is the market cap of Factset Research Systems (FDS)?

The market cap of Factset Research Systems (FDS) is approximately 18.5B.

What does FactSet Research Systems do?

FactSet provides financial data, analytics, and enterprise solutions to investment professionals worldwide, helping them conduct high-level investment research and manage portfolios.

Who are FactSet's primary clients?

FactSet's primary clients include analysts, portfolio managers, and investment bankers at leading financial institutions, with buy-side clients accounting for 82% of their annual subscription value.

What are some key acquisitions FactSet has made?

FactSet has acquired several companies to enhance its capabilities, including Portware (trade execution software) in 2015, BISAM (risk management) in 2017, and CUSIP Global Services in 2022.

What is FactSet's Transcript Assistant?

The Transcript Assistant is FactSet's first interactive GenAI product that helps users efficiently search, analyze, and extract insights from transcripts, enhancing the investment research process.

How does FactSet support its clients?

FactSet supports its clients through individual consultant contacts, 24-hour personal support, and dedicated service, ensuring unparalleled client satisfaction.

What makes FactSet a great place to work?

FactSet is recognized among Fortune's '100 Best Companies to Work For,' offering a strong culture of employee satisfaction, growth, and innovative workplace practices.

Where is FactSet headquartered?

FactSet is headquartered in Norwalk, Connecticut, USA.

What are some recent innovations by FactSet?

Recent innovations include the launch of the Transcript Assistant, an AI-powered tool within their workstation, and continuous advancements in AI and machine learning to enhance decision-making and productivity.

How does FactSet ensure data quality and accuracy?

FactSet integrates the expertise of its StreetAccount news and insight business, employing strict quality and accuracy controls backed by a team of human experts.

What industries does FactSet serve?

FactSet serves various sectors within the financial industry, including buy-side and sell-side analysts, wealth managers, private equity firms, and corporations.

Factset Research Systems

NYSE:FDS

FDS Rankings

FDS Stock Data

18.51B
37.90M
0.21%
96.31%
5.91%
Financial Data & Stock Exchanges
Services-computer Programming, Data Processing, Etc.
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United States of America
NORWALK