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FactSet Research Systems Inc - Stock Quote FDS

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Morningstar's FactSet Research Systems Inc Stock Analysis

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Economic Moat


Capital Allocation


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.

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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.

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