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FactSet Research Systems Inc (FDS) delivers critical financial data and analytics solutions to institutional investors worldwide. This dedicated news hub provides authorized updates on corporate developments, strategic initiatives, and technological advancements shaping the company’s trajectory.
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Our curated news collection serves portfolio managers, analysts, and financial institutions requiring timely insights into FactSet’s market position. Bookmark this page for continuous access to verified updates on workflow automation enhancements, client service expansions, and regulatory developments affecting financial data services.
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.
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.
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