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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 Research Systems Inc. (NYSE: FDS) announced an offering of five-year and ten-year senior notes under an effective shelf registration statement with the SEC. The net proceeds will be used to finance the acquisition of CUSIP Global Services from S&P Global, refinance existing credit facilities, and pay related transaction fees. The offering is expected to close on March 1, 2022. BofA Securities and PNC Capital Markets are joint book-running managers for the offering.
FactSet Research Systems (NYSE:FDS, NASDAQ:FDS) announced an Investor Day on April 5, 2022, from 8:00 a.m. to 1:00 p.m. EST, hosted in New York City and via livestream. The event aims to provide insights into the company's strategy, industry dynamics, growth initiatives, and financial outlook. Additionally, attendees will see demonstrations of FactSet’s solutions across the investment lifecycle and participate in Q&A sessions. Registration is required for investment professionals. An archived webcast with accompanying slides will be made available post-event.
FactSet has announced a quarterly cash dividend of $0.82 per share, reflecting the company's commitment to returning value to its shareholders. The dividend is set to be paid on March 17, 2022, to shareholders on record as of February 28, 2022. With over 162,000 users, FactSet continues to provide essential financial information and analytical services, reinforcing its position in the market. The company also highlighted its recent inclusion in the S&P 500 and a perfect score from the Human Rights Campaign's Corporate Equality Index.
FactSet has announced the acquisition of CUSIP Global Services (CGS) from S&P Global for $1.925 billion in cash, with an estimated tax benefit of $200 million. This strategic acquisition is set to enhance FactSet's presence in global capital markets, adding CGS's extensive database of financial instrument identifiers, which generates approximately $175 million in annual revenue. The deal is expected to be accretive to FactSet’s adjusted diluted EPS and operating margins in the first year, as CGS will integrate into FactSet's Content and Technology Solutions segment.
FactSet reported Q1 revenues of $424.7 million, marking a 9.4% increase from the prior year. The Annual Subscription Value (ASV) plus professional services reached $1.7 billion, up 9.2% year-over-year. GAAP operating margin dropped to 28.9%, while adjusted operating margin was 33.6%. Diluted GAAP EPS rose 6.5% to $2.79, with adjusted EPS increasing 12.8% to $3.25. The company reaffirmed its annual outlook for fiscal 2022, emphasizing strong demand for its analytics and research solutions.
FactSet has launched fixed income trading capabilities for its Portware execution management system, enhancing its multi-asset class trading solutions. This development, realized in collaboration with GIC, allows traders to operate more efficiently across various asset classes. The integration of smart automation and analytics tools aims to support robust decision-making. FactSet's new offering addresses previous liquidity constraints in fixed income trading, signaling a significant opportunity for improvement in the trading ecosystem, while also planning further integrations with data providers.
FactSet has announced its collaboration with Amazon Web Services (AWS) Data Exchange, launching over 30 proprietary datasets to enhance data access and workflow efficiency. Clients can utilize Amazon Redshift Data Sharing to streamline data management and integration with third-party content. FactSet's APIs will also be available, allowing users to access its analytics engine without the need for an existing subscription. This strategic move aims to support clients in their shift to cloud solutions, optimizing data processes and reducing costs.
FactSet (NYSE:FDS) announced the release of its financial results for Q1 fiscal 2022, ending November 30, 2021. The results will be disclosed on December 21, 2021, followed by a conference call at 11:00 a.m. ET. Participants can access the call via U.S. and international numbers and can also join through a webcast. An archived version will be available post-event on the investor relations website for a year. FactSet emphasizes its commitment to providing superior content and analytics to its over 160,000 users, aiming to enhance investment professionals' performance.
FactSet (NYSE:FDS | NASDAQ:FDS) announced its participation in Credit Suisse’s Annual Technology Conference on November 30, 2021, at The Phoenician Hotel in Scottsdale, Arizona. CEO Phil Snow and CFO Linda Huber will hold a fireside chat at 9:30 a.m. MST, 11:30 a.m. EST. The company plans to engage in investor meetings throughout the event. A live webcast of the chat will be available on FactSet's investor relations website, with a replay accessible for one year post-event.
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