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Last $166.25 USD
Change Today +0.59 / 0.36%
Volume 202.7K
FDS On Other Exchanges
Symbol
Exchange
Berlin
As of 6:40 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

factset research systems inc (FDS) Snapshot

Open
$165.73
Previous Close
$165.66
Day High
$166.70
Day Low
$164.28
52 Week High
06/3/15 - $168.70
52 Week Low
10/13/14 - $110.77
Market Cap
6.9B
Average Volume 10 Days
199.2K
EPS TTM
$5.44
Shares Outstanding
41.4M
EX-Date
05/27/15
P/E TM
30.6x
Dividend
$1.76
Dividend Yield
0.97%
Current Stock Chart for FACTSET RESEARCH SYSTEMS INC (FDS)

factset research systems inc (FDS) Related Businessweek News

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factset research systems inc (FDS) Details

FactSet Research Systems Inc. provides integrated financial information and analytical applications to investment community in the United States, Europe, and the Asia Pacific. The company combines content regarding companies and securities from various markets into a single online platform of information and analytics for portfolio managers, research and performance analysts, risk managers, marketing professionals, sell-side equity research professionals, investment bankers, and fixed income professionals. Its applications provide users access to company analysis, multi-company comparisons, industry analysis, company screening, portfolio analysis, predictive risk measurements, alpha testing, portfolio optimization and simulation, and real-time news and quotes, as well as tools to value and analyze fixed income securities and portfolios. FactSet Research Systems Inc. also offers various solutions for investment managers, including portfolio analysis, equity analysis, economics and market analysis, quant and risk analysis, fixed income analysis, and research management solutions. The company’s solutions for banking and brokerage professionals comprise creating models and presentations in Microsoft office, company and industry analytics, filings, idea screening, deal analytics, people intelligence, and wireless access. It also provides customized solutions to professionals involved in hedge funds, private equity, sell-side research, equity sales, trading, consulting, and investor relations, as well as for law firms and academic institutions. FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut.

6,951 Employees
Last Reported Date: 07/10/15
Founded in 1978

factset research systems inc (FDS) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $540.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $500.0K
Executive Vice President
Total Annual Compensation: $900.0K
Vice Chairman of Sales
Total Annual Compensation: $900.0K
Compensation as of Fiscal Year 2014.

factset research systems inc (FDS) Key Developments

FactSet Research Systems Inc. Announces Executive Changes

FactSet Research Systems Inc. announced that effective July 1, 2015, Philip Hadley stepped down from his position as chief executive officer. The company's board of directors appointed Philip Snow as the company's new chief executive officer effective July 1, 2015. Mr. Snow was elected to the company's board of directors effective March 16, 2015. Prior to his appointment as the company's new chief executive officer, Mr. Snow (age 50) had served as president of the company since July 1, 2014, and was responsible for the oversight and management of the company's sales and operations teams. Mr. Snow joined the company in 1996 as a consultant. Following his move back to the U.S. in 2000, Mr. Snow held various sales leadership roles prior to assuming the role of Senior Vice President, Director of U.S. Investment Management Sales in 2013.

Ashbury Heights Capital Grants Leave to Proceed with Fraud and Breach of Contract Lawsuit Against FactSet Research Systems

Ashbury Heights Capital has been granted leave to proceed with its fraud and breach of contract lawsuit against FactSet Research Systems and securities executive Doug Engmann. The ruling by a California Court could impact over a dozen of the financial institutions. Ashbury claims that a breakthrough patented analytics technology it developed has been misused by FactSet and Engmann in violation of a license agreement the parties entered in 2012. The technology represented a leap forward in analysing big data to better predict the impact of macro and micro events on stock prices and other targets. FactSet and its predecessors used the technology to help sell its primary data mining services and products to some of the world's large hedge funds and government agencies. The lawsuit alleges that defendants failed to pay well over USD 10 million in licensing revenues owned under their agreement and fraudulently concealed other misuses of the technology. FactSet had purchased the Ashbury license agreement, along with other assets, from Engmann and his company Revere in 2013 for approximately USD 16 million. In its ruling, the court rejected FactSet's and Engmann's motion to force the case to private arbitration. The lawsuit alleges that over a dozen of the world's large financial institutions, including WorldQuant, BlueCrest, SAC Capital, Wellington, Airain Limited, Millennium Partners, Renaissance Technologies, and government agencies, including the Director of National Intelligence, have been provided and/or employed the technology. Trial is currently set for September 2016. Ashbury is seeking injunctive relief to stop defendants' misuse of the proprietary technology and royalty compensation, along with punitive damages, attorneys' fees and costs.

Factset Research Systems Inc. Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended May 31, 2015; Provides Earnings Guidance for the Fourth Quarter of 2015

FactSet Research Systems Inc. reported unaudited consolidated earnings results for third quarter and nine months ended May 31, 2015. For the quarter, the company reported revenues of USD 254,522,000 compared with USD 231,761,000 a year ago. Operating income was USD 85,356,000 compared with USD 73,037,000 a year ago. Income before income taxes was USD 85,838,000 compared with USD 73,371,000 a year ago. Net income was USD 61,409,000 or USD 1.45 diluted per share compared with USD 51,532,000 or USD 1.21 diluted per share a year ago. Adjusted operating income was USD 85,356,000 compared with USD 76,084,000 a year ago. Adjusted net income was USD 60,001,000 or USD 1.42 diluted per share compared with USD 53,095,000 or USD 1.25 diluted per share a year ago. Free cash flow was USD 98.5 million, up 7.8% over the prior year. Capital expenditures were USD 3.6 million. For the nine months, the company reported revenues of USD 744,990,000 compared with USD 681,671,000 a year ago. Operating income was USD 246,265,000 compared with USD 222,833,000 a year ago. Income before income taxes was USD 247,710,000 compared with USD 223,851,000 a year ago. Net income was USD 178,867,000 or USD 4.23 diluted per share compared with USD 156,136,000 or USD 3.62 diluted per share a year ago. Net cash provided by operating activities was USD 222,842,000 compared with USD 193,722,000 a year ago. Purchases of property, equipment and leasehold improvements, net of proceeds from dispositions was USD 15,391,000 compared with USD 11,704,000 a year ago. For the fourth quarter, the company's revenues are expected to range between USD 259 million and USD 263 million. Operating margin is expected to range between 33.0% and 34.0%. The annual effective tax rate is expected to range between 30.0% and 31.0%. Diluted EPS should range between USD 1.46 and USD 1.48. The midpoint of this range represents 12% growth over the prior year.

 

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Industry Analysis

FDS

Industry Average

Valuation FDS Industry Range
Price/Earnings 29.9x
Price/Sales 7.0x
Price/Book 12.9x
Price/Cash Flow 29.3x
TEV/Sales 6.8x
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