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Factset Research Systems (FDS)

FactSet Research Systems Inc. delivers superior content, analytics, and flexible technology to help more than 138,000 users see and seize opportunity sooner. the company gives investment professionals the edge to outperform with informed insights, workflow solutions across the portfolio lifecycle, and industry-leading support from dedicated specialists. FactSet is proud to have been recognized with multiple awards for our analytical and data-driven solutions and repeatedly scored 100 by the Human Rights Campaign® Corporate Equality Index for our LGBTQ+ inclusive policies and practices.

Company profile

Ticker
FDS
Exchange
Website
CEO
F. Philip Snow
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
BI-SAM Inc. • BI-SAM Limited • BI-SAM Technologies, S.A.S. • BTU Analytics, LLC • Cabot Investment Technology, Inc. • Code Red, Inc. • Cymba Technologies Limited • FactSet Benelux B.V. • FactSet Brasil Consultoria Ltda • FactSet Canada, Inc. ...
IRS number
133362547

FDS stock data

Calendar

1 Jul 22
18 Aug 22
31 Aug 22
Quarter (USD) May 22 Feb 22 Nov 21 Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Aug 21 Aug 20 Aug 19 Aug 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 526.97M 526.97M 526.97M 526.97M 526.97M 526.97M
Cash burn (monthly) 82.02M 10.95M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 214.58M 28.64M n/a n/a n/a n/a
Cash remaining 312.38M 498.32M n/a n/a n/a n/a
Runway (months of cash) 3.8 45.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Aug 22 Frederick Philip Snow Common Stock Sell Dispose S No Yes 424.92 2,500 1.06M 3,987.522
1 Aug 22 Frederick Philip Snow Common Stock Option exercise Acquire M No No 164.9 2,500 412.25K 6,487.522
1 Aug 22 Frederick Philip Snow Employee Stock Option Common Stock Option exercise Dispose M No No 164.9 2,500 412.25K 70,000
1 Aug 22 Gregory T Moskoff Common Stock Payment of exercise Dispose F No No 422.8 7 2.96K 119.653
8 Jul 22 Jonathan Reeve Common Stock Sell Dispose S No No 401.55 335 134.52K 110.839
8 Jul 22 Jonathan Reeve Common Stock Option exercise Acquire M No No 269.43 335 90.26K 445.839
8 Jul 22 Jonathan Reeve NQSO Common Stock Option exercise Dispose M No No 269.43 335 90.26K 2,345
1 Jul 22 Frederick Philip Snow Common Stock Sell Dispose S No Yes 384.54 2,500 961.35K 3,987.522
1 Jul 22 Frederick Philip Snow Common Stock Option exercise Acquire M No No 164.9 2,500 412.25K 6,487.522
1 Jul 22 Frederick Philip Snow Employee Stock Option Common Stock Option exercise Dispose M No No 164.9 2,500 412.25K 72,500
87.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 659 690 -4.5%
Opened positions 68 81 -16.0%
Closed positions 99 71 +39.4%
Increased positions 223 241 -7.5%
Reduced positions 237 233 +1.7%
13F shares Current Prev Q Change
Total value 12.8B 14.84B -13.8%
Total shares 33.33M 34.32M -2.9%
Total puts 63.7K 214.3K -70.3%
Total calls 57.7K 119.3K -51.6%
Total put/call ratio 1.1 1.8 -38.5%
Largest owners Shares Value Change
Vanguard 4.47M $1.72B +3.9%
BLK Blackrock 3.4M $1.31B -8.0%
Bamco 2.67M $1.03B -0.0%
Loomis Sayles & Co L P 1.92M $737.36M -9.4%
STT State Street 1.88M $723.66M -5.3%
WFC Wells Fargo & Co. 1.64M $631.17M -0.7%
Ninety One UK 1.22M $468.9M +4.4%
Kayne Anderson Rudnick Investment Management 1.14M $438.21M -5.0%
Geode Capital Management 873.98K $335.63M -0.4%
IVZ Invesco 699.91K $269.17M +162.5%
Largest transactions Shares Bought/sold Change
IVZ Invesco 699.91K +433.32K +162.5%
BLK Blackrock 3.4M -296.74K -8.0%
LGEN Legal & General 0 -277.45K EXIT
Champlain Investment Partners 259.57K +259.57K NEW
Tandem Investment Advisors 0 -208.05K EXIT
Loomis Sayles & Co L P 1.92M -199.14K -9.4%
MS Morgan Stanley 277.96K +174.43K +168.5%
Vanguard 4.47M +168.88K +3.9%
Parametric Portfolio Associates 0 -155.66K EXIT
JHG Janus Henderson 3.29K -129.61K -97.5%

Financial report summary

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Competition
Heron TherapeuticsMSCI
Risks
  • Loss, corruption and misappropriation of data and information relating to clients and others
  • Successful prohibited data access and other cyber-attacks and the failure of cyber-security systems and procedures
  • A prolonged or recurring outage at our data centers and other business continuity disruptions at facilities could result in reduced service and the loss of clients
  • Transition to new technologies, applications and processes could expose us to unanticipated disruptions
  • Use of open source software could introduce security vulnerabilities, impose unanticipated restrictions on our ability to commercialize our products and services, and subject us to increased costs
  • Competition in our industry may cause price reductions or loss of market share
  • The continued shift from active to passive investing could negatively impact user count growth and revenue
  • A decline in equity and/or fixed income returns may impact the buying power of investment management clients
  • Uncertainty in the global economy and consolidation in the financial services industry may cause us to lose clients and users
  • Volatility in the financial markets may delay the spending pattern of clients and reduce future ASV growth
  • Failure to develop and market new products and enhancements that maintain our technological and competitive position and failure to anticipate and respond to changes in the marketplace for our products and customer demands
  • Failure to identify, integrate, or realize anticipated benefits of acquisitions and strains on resources as a result of growth
  • Failure to maintain reputation
  • Failure to enter into, renew or comply with contracts supplying new and existing data sets or products on competitive terms
  • Increased accessibility to free or relatively inexpensive information sources may reduce demand for our products
  • Inability to hire and retain key qualified personnel
  • Operations outside the United States involve additional requirements and burdens that we may not be able to control or manage successfully
  • The current COVID-19 pandemic and other global public health epidemics may adversely impact our business, our future results of operations and our overall financial performance
  • Legislative and regulatory changes in the environments in which we and our clients operate
  • Adverse resolution of litigation or governmental investigations
  • Third parties may claim we infringe upon their intellectual property rights or may infringe upon our intellectual property rights
  • Additional cost due to tax assessments resulting from ongoing and future audits by tax authorities as well as changes in tax laws
  • Exposure to fluctuations in currency exchange rates and the failure of hedging arrangements
Management Discussion
  • Revenues in the third quarter of fiscal 2022 were $488.8 million, an increase of 22.3% from the prior year period. Revenues increased across each of our geographic segments, primarily in the Americas, followed by EMEA and Asia Pacific, supported by increased revenues in all our workflow solutions, mainly in CTS, followed by Research & Advisory and Analytics & Trading. Organic revenues contributed 10.5% of the growth during the third quarter of fiscal 2022, compared with the prior year period.
  • Organic revenues exclude revenue related to acquisitions and dispositions completed in the last 12 months, the amortization of deferred revenues' fair value adjustments from purchase accounting related to acquisitions prior to fiscal 2022, and the impacts of foreign currency movements on the current year period. Acquisitions during fiscal 2022 and all future acquisitions will be accounted for in accordance with our adoption of ASU 2021-08 and will not include a fair value adjustment. Refer to Note 3,
  • Recent Accounting Pronouncements for more information on ASU 2021-08. Refer to Non-GAAP Financial Measures in Part I, Item 2 of this Quarterly Report on Form 10-Q for a reconciliation between revenues and organic revenues.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: ABA, amortizable, April, assigned, BBB, Bill, burdensome, coverage, domestic, exceeded, figure, inflow, launched, likelihood, line, London, outflow, ownership, pending, PPE, prepayment, pretax, residual, resize, royalty, salary, straight, strong, unamortized, unrestricted, unveiled, warrant, written
Removed: aggregated, approximate, begun, binding, converting, cultivating, enforceable, expanding, France, legally, predominantly, principle, quality, repatriation, undistributed, withdrawn