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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 been awarded the 2022 Financial Services Industry Partner of the Year by Snowflake at the Snowflake Summit 2022. This accolade recognizes FactSet's integration with the Snowflake Data Cloud, allowing joint clients to efficiently manage financial data. The collaboration enhances data sharing and processing, which has been commended by clients like Causeway Capital Management. FactSet aims to continue its collaboration with Snowflake to deliver exceptional value and facilitate more clients' migration to the Data Cloud.
FactSet (NYSE: FDS) will release its financial results for the third quarter of fiscal 2022, covering the period ending May 31, 2022, on June 23, 2022. A conference call will be held at 11:00 a.m. ET on the same day to discuss these results, with U.S. participants able to call 833.726.6487 and international participants calling 830.213.7677 using passcode 5988244. An archived webcast will be accessible for one year on the investor relations website.
FactSet (NYSE:FDS | NASDAQ:FDS) announced that Linda Huber, the Chief Financial Officer, will participate in a virtual fireside chat at the Barclays Americas Select Franchise Conference on May 11, 2022, at 5:00 a.m. EDT. Investors can access a live webcast and replay via the company's investor relations website.
FactSet announced an 8.5% increase in its quarterly cash dividend, raising it from $0.82 to $0.89 per share. This increase marks the twenty-third consecutive year of dividend hikes, reflecting the company’s commitment to shareholder value. The new dividend will be payable on June 16, 2022, to shareholders of record by May 31, 2022. FactSet is recognized for its comprehensive financial analytics and has been added to the S&P 500, showcasing its growth and stability in the financial information sector.
FactSet reported Q2 fiscal 2022 revenues of $431.1 million, a 10.0% increase from Q2 2021. Organic revenues grew 9.9% to $430.8 million. The diluted EPS rose 13.6% to $2.84, while adjusted diluted EPS surged 20.2% to $3.27. The operating margin decreased slightly to 28.6%, but adjusted operating margin improved to 33.7%. The recent acquisition of CUSIP Global Services for $1.925 billion and a tax rate drop to 9.9% highlighted the company’s strategic growth initiatives.
FactSet Research Systems has appointed Maria Teresa Tejada to its Board of Directors, where she will be part of the Audit Committee. Tejada brings nearly three decades of experience in financial services, having held key roles at firms like Bain & Co., Wells Fargo, and Goldman Sachs. Her expertise in corporate strategy, risk management, and governance is expected to enhance FactSet's financial oversight. The announcement highlights the company's commitment to strong leadership in delivering value to employees, clients, and shareholders.
FactSet (NYSE:FDS) has completed its acquisition of CUSIP Global Services from S&P Global for approximately $1.925 billion. This acquisition is expected to enhance FactSet's role in global capital markets. CGS will function under FactSet's Content and Technology Solutions division. Additionally, FactSet launched a senior notes offering to finance the transaction, with proceeds also used to repay previous credit facilities and cover transaction fees. Full year fiscal 2022 guidance incorporating CGS's impact will be released on March 24, 2022.
FactSet (NYSE: FDS) will announce its financial results for the second quarter of fiscal 2022, ending February 28, on March 24, 2022. A conference call will be held that day at 11:00 a.m. ET to discuss the results. Investors can participate via U.S. and international phone numbers provided in the release and access a webcast. An archived version of the call will also be available after the event. FactSet, known for providing financial information and analytics, recently gained recognition for its LGBTQ+ inclusive practices and was added to the S&P 500.
FactSet (NYSE:FDS) and BlackRock (NYSE:BLK) have established a multi-year partnership to integrate Portware’s execution management system with the Aladdin platform. This collaboration aims to enhance client workflows by providing advanced electronic trading and automation capabilities. Common clients will benefit from improved portfolio management, trading execution, and data-driven automation. The integration will begin rolling out in March 2022 and continue through 2023. FactSet continues to prioritize innovative solutions and strategic partnerships to enhance its offerings.
FactSet Research Systems Inc. has announced a public offering of $500 million in senior notes with maturities in 2027 and 2032. The 2.900% notes due 2027 and 3.450% notes due 2032 will be used to finance the acquisition of CUSIP Global Services, refinance existing credit facilities, and cover transaction fees. The offering is expected to close on March 1, 2022, pending customary conditions. BofA Securities and PNC Capital Markets are leading the offering.
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