Skip to Content

FactSet Research Systems Inc - Stock Quote FDS

Rating as of

Morningstar's FactSet Research Systems Inc Stock Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Positive Momentum Continues and FactSet Relatively Well Positioned in an Uncertain Environment

Rajiv Bhatia, CFA Equity Analyst

Analyst Note

| Rajiv Bhatia, CFA |

Narrow-moat rated FactSet reported a solid fiscal second quarter. Organic revenue grew 9.9%, an acceleration from the 9.1% reported in the prior quarter. Revenue and adjusted EPS beat the FactSet consensus by 1% and 10%, respectively, and we believe a sizable portion of the earnings beat was due to a lower-than-expected tax rate. FactSet also tweaked its 2022 revenue and earnings outlook higher. We are raising our fair value estimate on FactSet’s shares to $340 from $316 as we incorporate FactSet’s strong results and its acquisition of CUSIP Global Services. We regard FactSet’s shares as modestly overvalued.

Read Full Analysis

FactSet Research Systems Inc's Company Profile

Business Description

FactSet provides financial data and portfolio analytics to the global investment community. The company aggregates data from third-party data suppliers, news sources, exchanges, brokerages, and contributors into its workstations. In addition, it provides essential portfolio analytics that companies use to monitor portfolios and address reporting requirements. Buy-side clients account for 84% of FactSet's annual subscription value. In 2015, the company acquired Portware, a provider of trade execution software and in 2017 the company acquired BISAM, a risk management and performance measurement provider.

Contact
45 Glover Avenue, 7th Floor
Norwalk, CT, 06850
T +1 203 810-1000
Sector Financial Services
Industry Financial Data & Stock Exchanges
Most Recent Earnings Feb 28, 2022
Fiscal Year End Aug 31, 2022
Stock Type Cyclical
Employees 10,784