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FactSet closes acquisition of Interactive Data Managed Solutions from ICE

FactSet Research Systems Inc. has completed its acquisition of Interactive Data Managed Solutions business from Intercontinental Exchange Inc.

Interactive Data will now operate under the name of FactSet Digital Solutions. FactSet expects the acquisition to be accretive by 3 cents per share to its adjusted EPS for fiscal 2017.

The company updated its guidance for the third quarter of fiscal 2017 to factor in the acquisition. FactSet now expects revenues for the quarter to be in the range of $311 million to $317 million, with approximately $10 million in revenues expected to be added from the acquisition.

FactSet continues to expect GAAP EPS to be in the range of $1.68 to $1.74. Adjusted EPS is now expected to be between $1.81 and $1.87.

The S&P Capital IQ consensus normalized EPS estimate for the third fiscal quarter is $1.83.