Factset Resh Sys Inc Stock Price, News & Analysis

FactSet (NYSE:FDS) has announced its commitment to sustainability by becoming a signatory to the UN Global Compact and the Principles for Responsible Investment (PRI). This aligns with FactSet's ongoing efforts to integrate environmental, social, and corporate governance (ESG) metrics into financial practices. CEO Phil Snow emphasized that these actions reflect the company's dedication to ethical business practices and supporting clients in their ESG initiatives. FactSet has previously engaged in significant sustainability actions, further solidifying its commitment to a responsible financial system.

FactSet has announced the acquisition of BTU Analytics, a leading provider of data and analytics in North American energy sectors including renewables, power, oil, and natural gas. The deal, which closed on July 1, 2021, aims to enhance FactSet’s deep sector content portfolio for investment professionals. Although the acquisition is not expected to significantly impact FactSet’s fiscal 2021 results, it is positioned to meet the growing demand for energy analytics. BTU's team has joined FactSet to integrate their capabilities across the energy landscape.

FactSet reported record quarterly revenue of $399.6 million for Q3 fiscal 2021, up 6.8% from $374.1 million in the same period last year. Organic revenues increased 5.9% to $397.4 million, driven by stronger sales in analytics and technology solutions. The Annual Subscription Value (ASV) plus professional services rose to $1.6 billion. However, operating margin declined to 29.5%, with diluted EPS slightly decreasing by 0.4% to $2.62. FactSet announced a 6.5% increase in quarterly dividends to $0.82.

FactSet (NYSE:FDS | NASDAQ:FDS) will announce its third quarter fiscal 2021 results on June 29, 2021, covering the period ending May 31, 2021. The financial results will be discussed in a conference call at 11:00 a.m. ET on the same day. Interested participants can join the call using provided U.S. and international numbers or via a live webcast. An archived version of the webcast will be accessible for one year on the investor relations website. FactSet continues to support over 153,000 users with its financial analytics and technology solutions.

FactSet, a global provider of financial information and analytical applications, announced that CEO Phil Snow and CFO Helen Shan will participate in a virtual fireside chat at the Barclays Americas Select Franchise Conference on May 19, 2021, at 7:00 a.m. EDT.

The event will be accessible via a live webcast and subsequent replay on their investor relations website.

FactSet provides analytics and technology to over 153,000 users, aiming to help investment professionals seize opportunities with informed insights.

FactSet has announced a 6.5% increase in its quarterly cash dividend, raising it from $0.77 to $0.82 per share. This marks the 22nd consecutive year of dividend increases, reflecting the company's ongoing commitment to shareholder value. The new dividend will be paid on June 17, 2021, to stockholders of record as of May 31, 2021.

FactSet (NYSE:FDS) conducted a survey revealing the impact of COVID-19 on high net worth investors. The study, conducted in November 2020, involved affluent individuals with an average net worth of $1.6 million. Key findings indicate that 28% of women have become more risk-averse compared to 20% of men, highlighting gender disparities. Additionally, 72% of respondents showed interest in responsible investing, with millennials focusing on operational risks. The need for a balanced digital and physical interaction in wealth management was emphasized, as investors desire transparency and ethical considerations in their investments.

FactSet announces a significant leadership change as Helen Shan is appointed as Chief Revenue Officer (CRO), effective May 3, 2021. She has been the Chief Financial Officer (CFO) since 2018 and will continue in that role until a successor is found. Shan will oversee all revenue performance and manage the global Sales organization, leveraging her 25 years of experience to drive growth. The shift is expected to enhance FactSet's strategic focus on content and analytics platforms.

FactSet (NYSE:FDS) has integrated ICE Liquidity Indicators into its Portfolio Analytics, enhancing fund liquidity risk management for investment professionals. This tool, provided by Intercontinental Exchange, measures liquidity risk across multiple asset classes, offering metrics like future trade volume capacity and projected price volatility. As regulatory demands heighten, the ability to assess liquidity risk holistically becomes critical for firms. The ICE Liquidity Indicators currently cover approximately 4.6 million instruments, aiding clients in meeting client redemption requirements and regulatory compliance.