• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    FactSet Research Systems Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

    4/8/25 5:10:41 PM ET
    $FDS
    Computer Software: Programming, Data Processing
    Technology
    Get the next $FDS alert in real time by email
    fds-20250408
    0001013237FALSE00010132372025-04-082025-04-080001013237fds:CommonStock1Member2025-04-082025-04-080001013237fds:CommonStock2Member2025-04-082025-04-08

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    Form 8-K
    CURRENT REPORT
    Pursuant to Section 13 or 15(d) of
    The Securities Exchange Act of 1934
    Date of Report (Date of earliest event reported): April 8, 2025
    FactSet Research Systems Inc.
    (Exact name of registrant as specified in its charter)
    Delaware

    1-11869

    13-3362547
    (State or other jurisdiction of

    (Commission

    (I.R.S. Employer
    incorporation)

    File Number)

    Identification No.)
    45 Glover Avenue
    Norwalk, Connecticut 06850
    (Address of principal executive offices) (Zip code)
    Registrant’s telephone number, including area code: (203) 810-1000
    Former name or former address, if changed since last report: None
    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
    Securities registered pursuant to Section 12(b) of the Act:
    Title of each classTrading Symbols(s)Name of each exchange on which registered
    Common Stock, $0.01 Par ValueFDS
    New York Stock Exchange LLC
    The Nasdaq Stock Market
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



    Item 1.01 Entry into a Material Definitive Agreement

    On April 8, 2025, FactSet Research Systems Inc. (the "Company") entered into a credit agreement (the “Credit Agreement”), among the Company, the borrowing subsidiaries from time to time party thereto, the lenders from time to time party thereto, and PNC Bank, National Association, as the administrative agent. The Credit Agreement provides for (a) a senior unsecured term loan credit facility in an aggregate committed amount of $500,000,000 (the “Term Facility”), available in US dollars, and (b) a senior unsecured revolving credit facility in an aggregate principal amount of $1,000,000,000 (the “Revolving Facility” and, together with the Term Facility, the “Credit Facilities”), available in US dollars, Sterling and Euro. The Term Facility matures on April 8, 2028, and the Revolving Facility matures on April 8, 2030. Up to $100,000,000 of the Revolving Facility is available in the form of letters of credit and up to $100,000,000 of the Revolving Facility is available in the form of swingline loans, in each case in US dollars. The Company may seek additional commitments under the Credit Agreement in the form of additional term loans or increased commitments under the Revolving Facility from lenders or other financial institutions up to an aggregate principal amount of $1,000,000,000.

    On April 8, 2025, the Company borrowed $500,000,000 under the Term Facility, which was used primarily to repay borrowings under the 2022 Credit Agreement (as defined below).

    Loans under the Credit Facilities will bear interest, at the option of the Company, (a) in the case of loans denominated in US dollars, at either Term SOFR (which reflects a 10 basis point credit spread adjustment) or the Alternate Base Rate, (b) in the case of loans denominated in Sterling, at Daily Simple SONIA or (c) in the case of loans denominated in Euro, at EURIBOR, in each case with such benchmark as determined in the Credit Agreement, plus a per annum interest rate margin that fluctuates (a) in the case of loans priced at Term SOFR, Daily Simple SONIA or EURIBOR, between 0.875% and 1.625% and (b) in the case of loans priced at the Alternate Base Rate, between 0% and 0.625%, in each case based upon the Company’s senior, unsecured, non-credit enhanced long-term debt rating (or, if unavailable, corporate rating) by S&P Global Ratings, Moody’s Ratings and Fitch Ratings, Inc. or the Company’s Leverage Ratio (as defined in the Credit Agreement) (whichever yields a lower applicable interest rate margin) at such time. The Company will also pay a commitment fee under the Revolving Facility that will fluctuate between 0.10% per annum and 0.25% per annum on the daily unused amount of the Revolving Facility.

    Loans under the Term Facility are subject to scheduled amortization payments in an aggregate annual amount equal to 5.0% of the original principal amount thereof. The Credit Facilities are not otherwise subject to any mandatory prepayments. The Company may voluntarily prepay loans under the Credit Facilities at any time without premium or penalty.

    The Credit Agreement contains usual and customary affirmative covenants and negative covenants for facilities of this type. The Credit Agreement contains a financial covenant requiring maintenance of a Leverage Ratio (as defined in the Credit Agreement) no greater than 3.75 to 1.00 as of the last day of each fiscal quarter (subject to an increase to 4.25 to 1.00 for five consecutive fiscal quarters in connection with certain material acquisitions).

    The Credit Agreement contains usual and customary event of default provisions for facilities of this type. If an event of default occurs under the Credit Agreement, the lenders may, among other things, terminate their commitments and declare all outstanding borrowings immediately due and payable.

    The foregoing summary of the Credit Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Credit Agreement, which is attached hereto as Exhibit 1.1 and is incorporated herein by reference.

    Item 1.02 Termination of a Material Definitive Agreement

    On April 8, 2025, in connection with the entry into the Credit Agreement described above, the Company repaid in full all indebtedness and other obligations outstanding under, and terminated, the Credit Agreement dated as of March 1, 2022, as amended (the “2022 Credit Agreement”), among the Company, the borrowing subsidiaries from time to time party thereto, the lenders from time to time party thereto, and PNC Bank, National Association, as the administrative agent.




    Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
    The information disclosed in this Current Report under Item 1.01 is incorporated into this Item 2.03 by reference.

    Item 9.01 Financial Statements and Exhibits

    (d) Exhibits
    Exhibit No.

    Description
    1.1
    Credit Agreement dated April 8, 2025, among the Company, the borrowing subsidiaries from time to time party thereto, the lenders from time to time party thereto, and PNC Bank, National Association, as the administrative agent*
    104Cover page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

    * Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. FactSet Research Systems Inc. agrees to furnish supplementally a copy of any omitted attachment to the SEC on a confidential basis upon request.

    SIGNATURES
    Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.




    FACTSET RESEARCH SYSTEMS INC.
    (Registrant)




    April 8, 2025


    By:

    /s/ HELEN L. SHAN





    Helen L. Shan
    Executive Vice President, Chief Financial Officer
    (Principal Financial Officer)

    Get the next $FDS alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $FDS

    DatePrice TargetRatingAnalyst
    3/21/2025$402.00Equal Weight → Underweight
    Wells Fargo
    10/9/2024$420.00 → $380.00Neutral → Sell
    Redburn Atlantic
    10/2/2024$470.00In-line
    Evercore ISI
    8/13/2024$435.00Equal Weight
    Wells Fargo
    5/30/2024$500.00 → $407.00Neutral → Underperform
    BofA Securities
    4/11/2024$430.00Underperform
    Wolfe Research
    3/22/2024$480.00 → $460.00Overweight → Equal Weight
    Barclays
    12/8/2023$471.00 → $480.00Buy → Hold
    Deutsche Bank
    More analyst ratings

    $FDS
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • CredCore Advances AI Innovation in Debt Capital Markets with Data Provided by FactSet

      NORWALK, Conn., May 7, 2025 /PRNewswire/ -- CredCore, a vertical-AI company transforming the debt capital markets, is now part of FactSet's AI Partner Program and will begin to integrate FactSet's trusted Debt Capital Structure (DCS) DataFeed into CredCore's AI platform. This collaboration aims to integrate CredCore's domain-specific AI solutions with FactSet's comprehensive financial data, enhancing efficiency and innovation in the $5 trillion enterprise credit market. By leveraging FactSet's extensive data and analytics, CredCore seeks to accelerate deal throughput, enabling clients to scale their teams and assets under management (AUM) more effectively. CredCore's platform collaborates w

      5/7/25 10:25:00 AM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology
    • FactSet Increases Dividend

      NORWALK, Conn., May 01, 2025 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS, NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced that its Board of Directors approved a 6% increase in the regular quarterly cash dividend of $1.04 per share to $1.10 per share. The $0.06 per share increase marks the twenty-sixth consecutive year the Company has increased dividends on a stock split-adjusted basis, demonstrating its ongoing commitment to providing value to shareholders. The cash dividend will be paid on June 18, 2025, to holders of record of FactSet's common stock at the close of business on May 30, 2025. About FactSet FactSet (NYSE:FDS, NASDAQ:FDS) supe

      5/1/25 7:00:00 AM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology
    • FactSet Reports Results for Second Quarter 2025

      Q2 GAAP revenues of $570.7 million, up 4.5% from Q2 2024.Organic Q2 ASV of $2,276.2 million, up 4.1% year over year.Q2 GAAP operating margin of 32.5%, down approximately 80 bps year over year, and adjusted operating margin of 37.3%, down 100 bps year over year.Q2 GAAP diluted EPS of $3.76, up 3.0% from the prior year, and adjusted diluted EPS of $4.28, up 1.4% year over year.Fiscal 2025 guidance updated. Expected organic ASV growth of $100 million to $130 million (approximately 4.4% to 5.8%), GAAP revenues in the range of $2,305 million to $2,325 million, adjusted operating margin in the range of 36% to 37%, and adjusted diluted EPS in the range of $16.80 to $17.40. NORWALK, Conn., March 2

      3/20/25 6:00:00 AM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology

    $FDS
    Financials

    Live finance-specific insights

    See more
    • FactSet Increases Dividend

      NORWALK, Conn., May 01, 2025 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS, NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced that its Board of Directors approved a 6% increase in the regular quarterly cash dividend of $1.04 per share to $1.10 per share. The $0.06 per share increase marks the twenty-sixth consecutive year the Company has increased dividends on a stock split-adjusted basis, demonstrating its ongoing commitment to providing value to shareholders. The cash dividend will be paid on June 18, 2025, to holders of record of FactSet's common stock at the close of business on May 30, 2025. About FactSet FactSet (NYSE:FDS, NASDAQ:FDS) supe

      5/1/25 7:00:00 AM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology
    • FactSet Reports Results for Second Quarter 2025

      Q2 GAAP revenues of $570.7 million, up 4.5% from Q2 2024.Organic Q2 ASV of $2,276.2 million, up 4.1% year over year.Q2 GAAP operating margin of 32.5%, down approximately 80 bps year over year, and adjusted operating margin of 37.3%, down 100 bps year over year.Q2 GAAP diluted EPS of $3.76, up 3.0% from the prior year, and adjusted diluted EPS of $4.28, up 1.4% year over year.Fiscal 2025 guidance updated. Expected organic ASV growth of $100 million to $130 million (approximately 4.4% to 5.8%), GAAP revenues in the range of $2,305 million to $2,325 million, adjusted operating margin in the range of 36% to 37%, and adjusted diluted EPS in the range of $16.80 to $17.40. NORWALK, Conn., March 2

      3/20/25 6:00:00 AM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology
    • FactSet Updates Time for Second Quarter 2025 Earnings Call

      NORWALK, Conn., March 10, 2025 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced an adjustment to the time of its previously scheduled second quarter fiscal 2025 earnings conference call. To accommodate scheduling logistics, the call will now take place at 9:00 a.m. Eastern Time on Thursday, March 20, 2025, instead of the previously scheduled 11:00 a.m. Eastern Time. The earnings presentation slides will be available on FactSet's investor relations website at 8:30 a.m. Eastern Time on March 20, 2025, 30 minutes before the earnings call begins. A replay of the webcast will also be available after th

      3/10/25 7:00:00 AM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology

    $FDS
    Leadership Updates

    Live Leadership Updates

    See more
    • Payoneer appoints Barak Eilam to its Board of Directors

      Payoneer (NASDAQ:PAYO), the financial technology company empowering the world's small and medium-sized businesses (SMBs) to transact, do business, and grow globally, today announced that its Board of Directors ("the Board") has appointed Barak Eilam to the Board as a Class I director. Barak has nearly three decades of experience building and scaling technology businesses. He most recently served as the CEO of NICE Ltd. (NASDAQ:NICE), a leading global enterprise software company specializing in analytics and AI solutions, from 2014 until December 2024. During his tenure, NICE saw a significant expansion in its total addressable market and strong revenue growth. Barak began his career at

      2/24/25 4:30:00 PM ET
      $FDS
      $NICE
      $PAYO
      $SMWB
      Computer Software: Programming, Data Processing
      Technology
      Computer Software: Prepackaged Software
      Business Services
    • Octus Announces Megan A. Jones as General Counsel

      Octus, formerly Reorg, the leading provider of global credit intelligence and data, today announces the appointment of Megan A. Jones as General Counsel and as a member of the company's executive leadership team. Jones will lead the legal and compliance teams and oversee all legal and corporate governance matters at Octus. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250210324747/en/Megan A. Jones (Photo: Business Wire) Joining Octus from FactSet (NYSE:FDS), an open data and software solutions provider to the global investment community, Jones has deep familiarity with financial services technology and market content. At FactS

      2/10/25 8:00:00 AM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology
    • FactSet Appoints Barak Eilam to Board of Directors

      NORWALK, Conn., Dec. 18, 2024 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS, NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced the appointment of Barak Eilam to its Board of Directors. He will also serve on FactSet's Compensation and Talent Committee. Eilam brings nearly three decades of experience scaling enterprise software companies into global market leaders. He is serving as Chief Executive Officer (CEO) of NICE, a leading enterprise software company specializing in analytics and AI solutions, through the end of calendar year 2024. As CEO from 2014 to 2024, Eilam led the company through remarkable growth, tripling its revenue to nearly $3 bi

      12/18/24 7:00:00 AM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology

    $FDS
    SEC Filings

    See more
    • FactSet Research Systems Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

      8-K - FACTSET RESEARCH SYSTEMS INC (0001013237) (Filer)

      4/8/25 5:10:41 PM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology
    • SEC Form S-3ASR filed by FactSet Research Systems Inc.

      S-3ASR - FACTSET RESEARCH SYSTEMS INC (0001013237) (Filer)

      2/6/25 4:46:18 PM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology
    • SEC Form 10-Q filed by FactSet Research Systems Inc.

      10-Q - FACTSET RESEARCH SYSTEMS INC (0001013237) (Filer)

      1/8/25 7:40:10 AM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology

    $FDS
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • EVP, Chief Financial Officer Shan Helen L. was granted 3,550 shares, increasing direct ownership by 66% to 8,914 units (SEC Form 4)

      4 - FACTSET RESEARCH SYSTEMS INC (0001013237) (Issuer)

      5/2/25 5:17:35 PM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology
    • Chief Executive Officer Snow Frederick Philip exercised 3,000 shares at a strike of $152.28 and sold $1,293,270 worth of shares (3,000 units at $431.09) (SEC Form 4)

      4 - FACTSET RESEARCH SYSTEMS INC (0001013237) (Issuer)

      5/1/25 4:17:14 PM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology
    • Chief Executive Officer Snow Frederick Philip exercised 3,000 shares at a strike of $152.28 and sold $1,364,580 worth of shares (3,000 units at $454.86) (SEC Form 4)

      4 - FACTSET RESEARCH SYSTEMS INC (0001013237) (Issuer)

      4/2/25 4:53:27 PM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology

    $FDS
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • FactSet downgraded by Wells Fargo with a new price target

      Wells Fargo downgraded FactSet from Equal Weight to Underweight and set a new price target of $402.00

      3/21/25 8:04:11 AM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology
    • FactSet downgraded by Redburn Atlantic with a new price target

      Redburn Atlantic downgraded FactSet from Neutral to Sell and set a new price target of $380.00 from $420.00 previously

      10/9/24 7:37:10 AM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology
    • Evercore ISI initiated coverage on FactSet with a new price target

      Evercore ISI initiated coverage of FactSet with a rating of In-line and set a new price target of $470.00

      10/2/24 7:28:16 AM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology

    $FDS
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by FactSet Research Systems Inc.

      SC 13G - FACTSET RESEARCH SYSTEMS INC (0001013237) (Subject)

      10/16/24 12:19:51 PM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology
    • SEC Form SC 13G/A filed by FactSet Research Systems Inc. (Amendment)

      SC 13G/A - FACTSET RESEARCH SYSTEMS INC (0001013237) (Subject)

      2/14/24 10:21:36 AM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology
    • SEC Form SC 13G/A filed by FactSet Research Systems Inc. (Amendment)

      SC 13G/A - FACTSET RESEARCH SYSTEMS INC (0001013237) (Subject)

      2/13/24 5:04:40 PM ET
      $FDS
      Computer Software: Programming, Data Processing
      Technology