Factset Resh Sys Inc Stock Price, News & Analysis

FactSet (NYSE: FDS) will release its financial and operating results for Q2 fiscal 2023 on March 23, 2023. The earnings call will start at 11:00 a.m. ET. Investors can register for the call in advance, and earnings presentation slides will be available on the investor relations website before the call begins.

FactSet provides integrated financial information, analytical applications, and services to over 7,000 global clients. The company is committed to sustainable growth and has received high scores on corporate equality indices.

NORWALK, Conn., Feb. 07, 2023 – FactSet (NYSE: FDS | NASDAQ: FDS), a leader in financial information and analytics, announced that Chief Financial Officer Linda Huber will participate in a fireside chat at 4:55 p.m. EST during the Credit Suisse 24th Annual Financial Services Forum. The event will take place at The Ritz-Carlton Key Biscayne, Florida, on February 14, 2023. Interested participants can register for the live webcast, with replays available for 90 days on the investor relations website.

NORWALK, Conn., Feb. 02, 2023 – FactSet (NYSE: FDS, NASDAQ: FDS) has declared a quarterly cash dividend of $0.89 per share. This dividend will be disbursed on March 16, 2023, to shareholders on record as of February 28, 2023. FactSet, a leading provider of financial information and analytics, supports over 7,000 global clients, benefiting from comprehensive and connected content. The company is recognized for its commitment to sustainable growth, having achieved a score of 100 on the Human Rights Campaign Corporate Equality Index and winning the Glassdoor Employees' Choice Award as one of the Best Places to Work in 2023.

FactSet solutions deployed to BMO Wealth Management professionals

FactSet has been chosen as the primary market data provider for BMO Wealth Management, implementing its Advisor Workstation across Canada. This digital transformation initiative aims to enhance advisor productivity and client engagement with comprehensive analytics and tools. FactSet's partnership with BMO reflects a strategic move in the wealth management sector, underscoring the company's commitment to innovative technology solutions. Executives from both companies emphasize the importance of this collaboration in improving communication and efficiency in client services.

LightPoint Financial Technology and FactSet have formed a partnership to deliver an integrated front-to-back solution for hedge funds, institutional asset managers, and family offices. This collaboration allows users to access FactSet's real-time market data via LightPoint's portfolio, order, and execution management system (POEMS), enhancing trade workflows and operational efficiency. Notably, Ancora has reduced its technology ownership costs using this solution. The integration provides consolidated data from over 300 global exchanges, offering investment managers flexibility in accessing critical information to enhance trading strategies.

Entelligent and FactSet have launched T-Risk, a patented climate transition risk data solution, on FactSet's platform. T-Risk provides a directional score estimating return spreads for equities in different climate scenarios. This tool will assist institutional investors in managing portfolios aligned with low-carbon futures, supporting over 35,000 equities globally. The T-Risk dataset includes metrics for energy price sensitivities, enhancing investment analysis. Entelligent's approach differs from traditional decarbonization strategies by facilitating diversification, crucial for effective risk management.

FactSet announced a collaboration with Coin Metrics to integrate leading digital asset data across its enterprise solutions. This partnership empowers financial professionals to monitor and analyze cryptocurrency investments alongside traditional asset classes like equities and fixed income. The integration provides access to high-quality data, including market metrics and network statistics for over 200 digital instruments. A joint webcast is scheduled for January 24, 2023, to showcase the integration and its benefits.

FactSet reported Q1 fiscal 2023 revenues of $504.8 million, a 18.9% increase from Q1 2022, driven by the acquisition of CUSIP Global Services. Organic revenue grew 8.3% to $459.9 million. Q1 GAAP operating margin rose to 34.1%, with diluted EPS up 26.2% to $3.52. Adjusted EBITDA increased 38.2% to $200.4 million. The company reaffirmed its annual outlook for fiscal 2023, emphasizing strong content and technology investments despite macroeconomic uncertainties.

FactSet (NYSE:FDS) has announced a collaboration with BMLL Technologies to enhance its cloud-based offerings by integrating BMLL's granular order book history and analytics. This partnership aims to address data quality in Level 2 offerings, delivering a new Level 2 Tick History product to clients for better market insights. The collaboration supports FactSet's strategy to modernize market data technology and improve its real-time data capabilities. Additionally, FactSet co-led a $26 million Series B investment round for BMLL, aiming to provide high-quality data access for informed investment decisions.