Factset Research Systems - FDS STOCK NEWS

FactSet Research Systems has appointed Elisha Wiesel to its Board of Directors. Wiesel brings extensive experience, having spent 25 years at Goldman Sachs, where he held leadership roles including Chief Risk Officer. He is a founding partner of ClearAlpha Technologies and chair of Entrio, an Israeli fintech start-up. Wiesel expressed his excitement about joining FactSet, known for its innovative culture and focus on engineering talent. Robin Abrams, Chair of the Board, highlighted Wiesel's knowledge of the markets and technology, anticipating that his contributions will enhance FactSet's innovation and performance.

FactSet reported Q2 fiscal 2023 revenues of $515.1 million, a 19.5% increase from the previous year, primarily driven by the acquisition of CUSIP Global Services and higher sales in Content & Technology and Analytics & Trading. GAAP operating margin grew to 32.9%, while diluted EPS jumped 19.0% to $3.38. The company revised its fiscal 2023 guidance, projecting ASV plus professional services growth of 7%-9% and adjusted EPS growth of 8%-11%. Adjusted EBITDA also increased significantly by 35.8% to $199.7 million.

FactSet (NYSE: FDS | NASDAQ: FDS) will host a Fixed Income/Bond Holder conference call on April 13, 2023, from 9:30 a.m. to 10:30 a.m. Eastern Time. CEO Phil Snow and CFO Linda Huber will discuss the company’s recent performance, followed by a live Q&A session. Participants must register in advance to receive dial-in details. A replay of the call will be available on the investor relations website after 1:00 p.m. on the same day and until April 13, 2024. FactSet supports over 7,000 clients globally, providing financial data and analytics, and has been recognized for its workplace environment.

Equilar has launched a new integration with FactSet to provide actionable insights on corporate leadership changes. This development aims to enhance users' access to real-time information regarding key personnel transitions through FactSet Signals. The integration offers features such as notifications on executive changes, detailed summaries of corporate affiliations, and relationship intelligence to aid investment decisions. David Chun, CEO of Equilar, emphasized the immediate ROI for users in tracking appointments and connections. The collaboration aims to empower clients to identify new trends and improve decision-making with real-time intelligence.

FactSet (NYSE: FDS) will release its financial and operating results for Q2 fiscal 2023 on March 23, 2023. The earnings call will start at 11:00 a.m. ET. Investors can register for the call in advance, and earnings presentation slides will be available on the investor relations website before the call begins.

FactSet provides integrated financial information, analytical applications, and services to over 7,000 global clients. The company is committed to sustainable growth and has received high scores on corporate equality indices.

NORWALK, Conn., Feb. 07, 2023 – FactSet (NYSE: FDS | NASDAQ: FDS), a leader in financial information and analytics, announced that Chief Financial Officer Linda Huber will participate in a fireside chat at 4:55 p.m. EST during the Credit Suisse 24th Annual Financial Services Forum. The event will take place at The Ritz-Carlton Key Biscayne, Florida, on February 14, 2023. Interested participants can register for the live webcast, with replays available for 90 days on the investor relations website.

NORWALK, Conn., Feb. 02, 2023 – FactSet (NYSE: FDS, NASDAQ: FDS) has declared a quarterly cash dividend of $0.89 per share. This dividend will be disbursed on March 16, 2023, to shareholders on record as of February 28, 2023. FactSet, a leading provider of financial information and analytics, supports over 7,000 global clients, benefiting from comprehensive and connected content. The company is recognized for its commitment to sustainable growth, having achieved a score of 100 on the Human Rights Campaign Corporate Equality Index and winning the Glassdoor Employees' Choice Award as one of the Best Places to Work in 2023.

FactSet solutions deployed to BMO Wealth Management professionals

FactSet has been chosen as the primary market data provider for BMO Wealth Management, implementing its Advisor Workstation across Canada. This digital transformation initiative aims to enhance advisor productivity and client engagement with comprehensive analytics and tools. FactSet's partnership with BMO reflects a strategic move in the wealth management sector, underscoring the company's commitment to innovative technology solutions. Executives from both companies emphasize the importance of this collaboration in improving communication and efficiency in client services.

LightPoint Financial Technology and FactSet have formed a partnership to deliver an integrated front-to-back solution for hedge funds, institutional asset managers, and family offices. This collaboration allows users to access FactSet's real-time market data via LightPoint's portfolio, order, and execution management system (POEMS), enhancing trade workflows and operational efficiency. Notably, Ancora has reduced its technology ownership costs using this solution. The integration provides consolidated data from over 300 global exchanges, offering investment managers flexibility in accessing critical information to enhance trading strategies.