Factset Resh Sys Inc Stock Price, News & Analysis

FactSet, a global provider of integrated financial information, announced the release of its financial results for the fourth quarter of fiscal 2022, which ends August 31, 2022. The results will be disclosed on September 22, 2022, accompanied by a conference call scheduled for 11:00 a.m. Eastern Time. This event allows investors to discuss the quarterly outcomes and includes a live Q&A session. Following the call, a replay will be made available on the investor relations website for a year, facilitating access to information.

FactSet announces its deployment of advanced wealth management solutions to over 7,500 Raymond James advisors across the U.S. This partnership enhances advisor productivity by offering a modern, web-based platform that provides immediate access to FactSet's analytics. The implementation aims to improve client engagement while reducing reliance on traditional systems. Notably, FactSet stands out in the financial service industry, having recently been added to the S&P 500 and receiving high marks for its inclusive policies.

FactSet has appointed Kate Stepp as Chief Technology Officer (CTO), effective September 1, 2022. Stepp, a 14-year veteran of the company, will lead the Technology organization and its digital transformation strategy. She succeeds Gene Fernandez, who will assist in the transition through November 2022. CEO Phil Snow emphasized Stepp's leadership and industry knowledge as vital for FactSet's innovation and talent growth. Stepp aims to enhance efficiency through cognitive capabilities and workflow automation, continuing FactSet's commitment to client-centered solutions.

FactSet (NYSE: FDS) announced a quarterly cash dividend of $0.89 per share, which will be paid on September 15, 2022. Shareholders of record as of the close of business on August 31, 2022 will receive this dividend. FactSet continues to deliver high-quality financial information and analytical tools to over 173,000 users worldwide, reinforcing its reputation as a leader in the financial services industry.

FactSet (NYSE:FDS) has announced a multi-year partnership with CID, an AI software innovator, to enhance its AI capabilities. This collaboration aims to create a joint data lake that integrates unstructured web content with FactSet's structured datasets. The partnership will enable FactSet clients to derive actionable insights, improving operational efficiency and client engagement. The initiative is expected to yield additional AI-related products and services, further solidifying FactSet's position in the financial analytics market.

FactSet launched FactSet for CRM on Salesforce AppExchange, enhancing client pipeline visibility with integrated market intelligence notifications. This managed application allows users to monitor news and events related to current and prospective clients. FactSet's integration provides reliable data and improved efficiency within Salesforce, promoting personalized customer experiences. Executive comments highlight the significance of this launch in enriching client conversations. FactSet's inclusion in the S&P 500 and high rankings in diversity practices showcase its industry reputation.

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.