This integration empowers private equity firms and investment banks using Mosaic to conduct complex take-private analysis in under one minute, leveraging FactSet's extensive datasets, including fundamental financials, consensus estimates, and real-time market pricing – paired with the user's differentiated judgments on appropriate capital structure and exit for the deal. "We're excited to integrate FactSet's trusted data into Mosaic's advanced platform to enhance the research capabilities available to FactS ...

FactSet Research Systems (FDS) stock has had an impressive run over the past 90 days. Shares have gained 19.2% compared with the 4% growth of the industry it belongs to and the 6.1% rise of the Zacks S&P 500 composite.Image Source: Zacks Investment ResearchThe company’s earnings for fiscal 2025 are expected to increase 4.6% on a year-over-year basis. Revenues for fiscal 2025 are expected to increase 4.4% year over year.Factors That Auger Well For FDSFactSet's IntelligentPlatform integrates conversational AI ...

Client Base and Revenue - As of August 31, 2024, FactSet had over 8,200 clients and 216,000 investment professionals, with annual ASV retention exceeding 95%[15][32] - Revenues from the Americas segment represented 64% of total revenues during fiscal 2024, while EMEA and Asia Pacific accounted for 26% and 10%, respectively[18][19][20] - Buy-side clients comprised approximately 82% of FactSet's Organic ASV as of August 31, 2024, indicating a strong focus on multi-asset class investment strategies[33] - FactSet's revenues are primarily derived from subscriptions to its multi-asset class data and solutions, reflecting a strong recurring revenue model[30] Technology and Product Development - FactSet's artificial intelligence roadmap includes new AI-powered solutions for portfolio performance commentary and natural language queries, enhancing client workflows[29] - The company aims to expand its data offerings, including real-time market data and sustainable finance, to strengthen its position as an enterprise data provider[27] - The company continues to focus on research and product development to enhance existing products and introduce new solutions[39] - Transition to new technologies, including AI, is critical for product development and business scaling, but poses risks of operational disruption[78] Employee and Organizational Structure - As of August 31, 2024, the company had 12,398 employees, an increase of 1.3% compared to the previous year[44] - 70% of employees are located in the Asia Pacific region, with 19% in the Americas and 11% in EMEA[44] - The company achieved an 89% response rate in its fiscal 2024 employee engagement survey, significantly higher than the third-party benchmark[46] - 48% of employees are in Content Operations, 27% in Technology and Product Development, 21% in Sales and Client Solutions, and 4% in Corporate Support[45] Leadership Changes - The Chief Financial Officer role was filled by Helen L. Shan, effective July 23, 2024, overseeing all financial functions[59] - Katherine M. Stepp appointed as Executive Vice President, Chief Technology Officer, effective September 1, 2022, overseeing digital transformation strategy[65] - Catrina Harding appointed as Executive Vice President, Chief People Officer in July 2023, bringing over 20 years of HR experience[66] - Christopher R. Ellis appointed as Executive Vice President, Head of Strategic Initiatives and Partnerships effective November 1, 2023, focusing on client needs in asset management[67] Cybersecurity and Operational Risks - Company emphasizes the importance of cybersecurity, noting risks from data loss, corruption, and unauthorized access, which could damage brand reputation[70] - Significant reliance on third-party service providers for critical functions, increasing vulnerability to cyber-attacks and system failures[71] - The company is in a multi-year project to enhance IT disaster recovery processes, aiming to maximize resiliency and minimize recovery time[77] - The reliance on a single cloud service provider for the majority of cloud computing support in fiscal 2024 poses operational risks if service disruptions occur[76] Market and Economic Challenges - The company continues to face intense competition across all markets, which may lead to price reductions and loss of market share[83] - A shift from active to passive investing could negatively impact user count growth and revenues, as passive investing requires lower fees and less decision-making[85] - A decline in equity and fixed income returns may reduce the buying power of investment management clients, leading to lower demand for the company's products and services[86] - Economic uncertainty and consolidation in the financial services industry could result in a loss of clients and users, adversely affecting business results[87] Financial Position and Debt - As of August 31, 2024, the company's total outstanding principal amount of debt was $1.4 billion, with $250 million of unused commitments under the 2022 Revolving Facility[115] - The company faces risks from fluctuations in currency exchange rates, particularly with the British Pound Sterling, Euro, Indian Rupee, and Philippine Peso, which could impact earnings and cash flows[112] - The company has entered into an interest rate swap agreement to hedge variable interest rate obligations, but a substantial portion of its debt remains exposed to interest rate volatility[124] - The company is experiencing increased risks from cyberattacks, which have become more frequent and sophisticated, potentially impacting its network infrastructure and vendor relationships[72] Regulatory and Legal Risks - The company is subject to ongoing audits by tax authorities, which could result in additional tax assessments and impact its financial results[108] - The company is subject to various legal and regulatory risks, including compliance with laws in multiple jurisdictions, which could increase operational costs[103] - Legislative and regulatory changes may increase costs and limit business practices, potentially impacting revenues and growth[103] Product Development and Market Demand - The company must develop and market new products to maintain its competitive position, as rapid technological changes could render existing products obsolete[89] - Errors or defects in new products may lead to market rejection, damage to reputation, and loss of revenues, highlighting the importance of quality assurance[91] - The increasing availability of free or inexpensive information may reduce demand for the company's products and services[99]

NORWALK, Conn., Oct. 28, 2024 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, today announced it has agreed to acquire Irwin, an investor relations and capital markets solution for innovative public companies and their advisors. The acquisition builds on a recent successful partnership that integrates Irwin's award-winning investor relations (IR) CRM with the FactSet Workstation to equip IR professionals with a unified solution to ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler analyst Crispin Love downgraded the rating for Blackstone Inc. BX from Overweight to Neutral and maintained the price target of $149. Blackstone shares closed at $49.44 on Tuesday. See how other analysts view this stock. Maxim Group analyst Naz Rahman downgraded the rating for Virpax Pharmaceuticals, Inc. V ...

I am the principal Portfolio Manager at Torre Financial, founded in 2018. I am also a Sr. Director of Engineering at Zillow, have worked at startups, and have started two tech companies. I graduated from Princeton University with a BSE in Mechanical and Aerospace Engineering and received my MBA from UC Berkeley's Haas School of Business. Analyst's Disclosure: I/we have a beneficial long position in the shares of FDS either through stock ownership, options, or other derivatives. I wrote this article myself, ...

FactSet Research Systems Inc. (NYSE: FDS ) is a provider of financial data and analytics, which is consumed by financial services professionals and investment banks. The company went public in June 1996 and has a roughly $18B market cap. Since inception, FDS has I have a masters degree in Analytics from Northwestern University and a bachelors degree in Accounting. I have worked in the investment arena for over 10 years starting as an analyst and working my way up to a management role. Dividend investing is ...

Following my coverage on FactSet Research Systems (NYSE: FDS ) in Jul'24, in which I recommended a buy rating due to my expectation that the demand environment would get better when the fed cuts I take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to companies with ...

FactSet Research Systems, Inc. (FDS) has reported impressive fourth-quarter fiscal 2024 results, wherein earnings and revenues beat the Zacks Consensus Estimate. FDS's earnings per share (excluding $1.4 from non-recurring items) of $3.7 beat the consensus mark by 3.9% and increased 27.7% from the year-ago quarter. Revenues of $562.2 million surpassed the Zacks Consensus Estimate by 2.7% and gained 4.9% from the year-ago quarter. The company's shares have gained 14.1% in the past month compared with the 14.1 ...

Financial Data and Key Metrics Changes - Annual revenue increased to $2.2 billion, adjusted operating margin improved to 37.8%, and adjusted EPS rose to $16.45, reflecting a 12.3% growth, all exceeding the high end of recent guidance [4][16]. - Organic ASV plus Professional Services growth reached $104 million or 4.8%, slightly above the midpoint of guidance [3][16]. - GAAP revenues for Q4 increased 5% to $562 million, with organic revenues also growing 5% to $563 million [17]. Business Line Data and Key Metrics Changes - Wealth management was the largest contributor to ASV growth, with a 12% increase for the year, driven by large enterprise deals and renewals [5][6]. - Institutional buy-side ASV growth was 3%, impacted by tighter budgets and vendor consolidation [8][9]. - Partnerships and CGS saw organic ASV growth of 6%, with strong performance from CGS offsetting softness in partnerships [9]. Market Data and Key Metrics Changes - In the Americas, organic ASV growth was 6%, while EMEA growth decelerated to 2% due to retention headwinds [4][5]. - Asia Pacific region delivered 7% growth, with wins in wealth management offset by erosion in banking and asset management [5][6]. - The fourth quarter ASV retention rate was over 95%, with a client retention rate of 90% [22]. Company Strategy and Development Direction - The company is focused on three strategic pillars: data expansion, embedding FactSet deeper into client workflows, and accelerating innovation through generative AI [10][11]. - Investments are being made to enhance offerings for wealth managers and to streamline workflows for institutional clients [10][11]. - The company aims to capture market share by modernizing client processes and reducing reliance on legacy systems [14]. Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about a nascent market recovery and solid execution in closing large deals [4][14]. - The guidance for organic ASV growth in fiscal 2025 is set at 5% at the midpoint, reflecting a balanced outlook for the first and second halves of the year [14][24]. - Management noted that while headwinds persist, there are signs of improvement in client budgets and hiring, particularly in banking [35][41]. Other Important Information - The company repurchased 153,650 shares for approximately $63 million in Q4, with a total of 537,800 shares repurchased for about $235 million in fiscal 2024 [22][23]. - A new share repurchase authorization for up to $300 million was approved by the Board of Directors [22]. - The effective tax rate for Q4 was 23.6%, down from approximately 39% in the prior year, contributing to improved EPS [21]. Q&A Session Summary Question: Margin outlook for 2025 - Management indicated that 2025 may be viewed as a reset year, with significant margin expansion achieved in previous years [28]. Question: Macro and pricing assumptions for guidance - Management acknowledged ongoing headwinds but noted green shoots and a more optimistic outlook for the second half of 2025 [34]. Question: Asset management client cancellation - A large asset management client cancellation was attributed to cost pressures and consolidation within the firm [40]. Question: Growth in CGS and CUSIP - CUSIP has been a significant growth driver within the partners business line, contributing to overall growth [45]. Question: ASV guidance characterization - Management characterized the ASV guidance as conservative, with potential for better performance driven by generative AI and hiring trends [48]. Question: Competitive pricing environment - Management noted that while competition remains, they are successfully winning market share, particularly in wealth management [74].