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FactSet Research Systems (FDS) provides a global financial digital platform and enterprise data and information solutions for buy-side, sell-side, wealth management, private equity and corporate clients. Company news commonly covers quarterly results, annual subscription value trends, margins, earnings guidance and dividend actions for its common stock.
Updates also track product and platform developments, including portfolio analytics, document search, AI-enabled workflow automation for banking, and collaborations that connect FactSet data, client datasets and third-party sources. Other recurring themes include technology leadership appointments, investments in financial-technology partners, and governance actions tied to the company's data, analytics and enterprise-solutions model.
FactSet (NYSE:FDS) announced a commitment to set a near-term emission reduction target in alignment with the Science Based Targets Initiative (SBTi), alongside a future goal of achieving net zero emissions by 2040. This pledge follows recent sustainability initiatives, including an executive-sponsored Sustainability Committee and a detailed Sustainability Report. FactSet aims to drive a zero-emissions economy, evidencing its commitment through participation in the United Nations Global Compact and the Principles for Responsible Investing.
State Street and FactSet have announced a strategic partnership aimed at integrating State Street Alpha with FactSet's strengths. This collaboration is designed to streamline data flows across various investment operations, enhancing client experience from portals to custody services. The integration will also support real-time updates of portfolio data and compliance management, aligning with both companies' objectives to provide greater analytics and insights for clients.
FactSet reported Q3 2022 GAAP revenues of $488.8 million, marking a 22.3% increase from Q3 2021, driven by the acquisition of CUSIP Global Services and stronger sales. Organic revenue grew 10.5% to $441.7 million. The GAAP operating margin decreased to 19.9%, while adjusted operating margin improved to 36.6%. GAAP diluted EPS fell 26.3% to $1.93, but adjusted diluted EPS rose 38.2% to $3.76. FactSet reaffirmed its fiscal 2022 guidance, expecting growth at the upper end of previous estimates.
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.