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Factset Research Systems - $FDS STOCK NEWS

Welcome to our dedicated page for Factset Research Systems news (Ticker: $FDS), a resource for investors and traders seeking the latest updates and insights on Factset Research Systems stock.

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Rhea-AI Summary

FactSet announced that Linda Huber, CFO, will participate in a fireside chat at the Barclays Americas Select Franchise Conference in London. Investors can register for the event and access a replay on FactSet's investor relations website.

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Rhea-AI Sentiment
End-of-Day
1.83%
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none
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News
Rhea-AI Summary

FactSet, a global financial digital platform and enterprise solutions provider, announced a 6% increase in its regular quarterly cash dividend from $0.98 to $1.04 per share. This marks the twenty-fifth consecutive year of dividend increases, showcasing the company's dedication to shareholder value. The dividend will be paid on June 20, 2024, to shareholders of record as of May 31, 2024.

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End-of-Day
0.9%
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dividends
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Rhea-AI Summary

FactSet introduces Portfolio Commentary, an AI-powered solution enhancing performance attribution analysis for buy-side and wealth management professionals. It provides deep insights into relative performance, key company drivers, direct source-linking, and streamlined stakeholder communication, significantly improving efficiency and decision-making.

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Rhea-AI Sentiment
End-of-Day
-1.43%
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AI
Rhea-AI Summary
FactSet (FDS) reports strong Q2 fiscal 2024 results with GAAP revenues up 6.0% to $545.9 million. Organic ASV plus professional services increased by 5.4% year over year. GAAP operating margin rose to 33.3%, and adjusted EPS grew by 11.1%. Top-line growth expected at the lower end of guidance ranges for the fiscal year.
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Rhea-AI Sentiment
End-of-Day
-7.63%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
1.25%
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management
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Rhea-AI Summary
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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0.7%
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Rhea-AI Summary
FactSet (NYSE: FDS | NASDAQ: FDS) to Release Q2 Fiscal 2024 Results on March 21, 2024
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Rhea-AI Sentiment
End-of-Day
0.49%
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News
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
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dividends
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-0.93%
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none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.14%
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Factset Research Systems

NYSE:FDS

FDS Rankings

FDS Stock Data

16.54B
37.99M
0.21%
93.17%
3.48%
Data Processing, Hosting, and Related Services
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United States of America
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About FDS

factset is a leading provider of financial data and analytic applications for investment management and investment banking professionals around the globe. factset offers instant access to financial data and analytics to thousands of analysts, portfolio managers, and investment bankers at the world’s financial institutions. factset’s business is built on the creative use of technology and an unwavering dedication to client service. we remain on the cutting edge by continually developing and refining our software. our tools enable clients to perform investment research at the most sophisticated level. we offer individual consultant contacts, 24-hour personal support, and dedication to our users for client service that is unsurpassed in the industry. factset is one of fortune's "100 best companies to work for." follow us on twitter @factset. like us on facebook at www.facebook.com/factset.