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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) 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 An archived version of the call will also be available after the event.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.
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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.