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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 $0.89 per share. This dividend will be paid on December 15, 2022, to shareholders on record by the close of business on November 30, 2022. The company, recognized for its integrated financial information and analytics, serves approximately 180,000 users globally, providing insights to investment professionals. FactSet is also a recent addition to the S&P 500 and has achieved a perfect score from the Human Rights Campaign® for its commitment to LGBTQ+ inclusion.
FactSet (NYSE:FDS) has launched the FactSet Model Center, a free marketplace aimed at wealth advisors, providing access to top-tier investment solutions in one platform. This integrated service offers pre-built model portfolios from renowned asset managers and marketing materials for efficient client service. The initiative seeks to enhance engagement between asset managers and wealth advisors, ultimately improving productivity. Notable asset managers involved include BlackRock and Goldman Sachs. The Model Center is designed to support advisors in meeting growing client demands for transparency and effective portfolio management.
Drawbridge has appointed William (Bill) Haney as CEO, effective immediately, as part of its strategy to meet growing demand for cybersecurity software in the alternative investment sector. Haney brings significant experience from his roles at Credit Benchmark and BISAM, which was acquired by FactSet (NYSE: FDS). Founder Jason Elmer transitions to President, focusing on long-term vision and innovation. Drawbridge has also secured strategic investment from Francisco Partners and won multiple awards, reflecting its reputation in the industry.
FactSet (NYSE:FDS) has entered a strategic partnership with Agência Estado, Brazil's leading real-time news vendor. This alliance aims to integrate Agência Estado's Portuguese-language news into FactSet's flagship workstation, resulting in the Broadcast+ FactSet Workstation. This co-branded solution will serve the Brazilian investment community by combining local insights with FactSet’s robust analytics and data services, enabling better market monitoring and informed investment decisions. The collaboration marks a significant step in FactSet's expansion strategy within the Brazilian market.
FactSet has announced that Tokyo-based Rheos Capital Works has implemented its Portware Execution Management System (EMS)
FactSet reported Q4 GAAP revenues of $499.3 million, a 21.2% increase from Q4 2021. Fiscal 2022 revenues reached $1.844 billion, up 15.9%. The GAAP operating margin was 26.5%, down 240 bps year-over-year, while adjusted operating margin improved to 31.5%, a 10 bps decline. Q4 GAAP EPS increased 2.3% to $2.69, adjusted EPS rose 8.7% to $3.13. For fiscal 2023, FactSet anticipates ASV growth of 8.1% - 9.7% and adjusted EPS growth of 8.1% - 11.1%.
FactSet (NYSE:FDS) announced a partnership with Rockefeller Capital Management to enhance advisor productivity through FactSet's workstations. This collaboration allows Rockefeller advisors access to comprehensive analytics and global market data, aiming to double their team of 450 advisors. The integration of FactSet's solutions with Rockefeller's systems is designed to improve client engagement and support recruitment efforts. The agreement marks a significant step in FactSet's goal to provide robust wealth management solutions.
FactSet, a global provider of integrated financial information, announced the release of its financial results for the fourth quarter of fiscal 2022, which ends August 31, 2022. The results will be disclosed on September 22, 2022, accompanied by a conference call scheduled for 11:00 a.m. Eastern Time. This event allows investors to discuss the quarterly outcomes and includes a live Q&A session. Following the call, a replay will be made available on the investor relations website for a year, facilitating access to information.
FactSet announces its deployment of advanced wealth management solutions to over 7,500 Raymond James advisors across the U.S. This partnership enhances advisor productivity by offering a modern, web-based platform that provides immediate access to FactSet's analytics. The implementation aims to improve client engagement while reducing reliance on traditional systems. Notably, FactSet stands out in the financial service industry, having recently been added to the S&P 500 and receiving high marks for its inclusive policies.
FactSet has appointed Kate Stepp as Chief Technology Officer (CTO), effective September 1, 2022. Stepp, a 14-year veteran of the company, will lead the Technology organization and its digital transformation strategy. She succeeds Gene Fernandez, who will assist in the transition through November 2022. CEO Phil Snow emphasized Stepp's leadership and industry knowledge as vital for FactSet's innovation and talent growth. Stepp aims to enhance efficiency through cognitive capabilities and workflow automation, continuing FactSet's commitment to client-centered solutions.
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