What FactSet's Earnings Mean For Mutual Fund Investors (FDS)

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What FactSet's Earnings Mean For Mutual Fund Investors (FDS)

Shauna O'Brien Mar 17, 2015

Before Tuesday’s opening bell, FactSet Research Systems (FDS) released its second quarter financial results. Here’s what the results mean for mutual fund investors.

Inside FDS’s Results


The company reported earnings of $61.6 million, or $1.46 per share, up from $52.4 million, or $1.22 per share, last year. Adjusted earnings increased 13.9% to $1.22 per share, below analysts’ view of $1.40 per share.

Revenue increased 9.2% to $247.8 million. Analysts expected to see revenue of $246.68 million.

Looking forward to the third quarter, the company expects EPS to be between $1.40 and $1.42 per share. Analysts expect to see EPS of $1.39.

CEO Stepping Down

In addition to reporting earnings, FDS announced that its CEO and Chairman Philip Hadley will be stepping down after 15 years in the CEO position.

The company’s President, Philip Snow will be the new CEO as of July 1, 2015. Snow will be elected to the Board of Directors on March 16, 2015.

Mutual Funds to Watch

Investors interested in FDS may be interested in the funds listed below. These funds currently have the largest stakes in the company.

The Bottom Line

The funds listed above allow investors to gain exposure to FDS while remaining diversified. Investors interested in FactSet Research Systems may also be interested in Morningstar (MORN) or Thomson Reuters (TRI).

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