FactSet Research Systems: ASV Growth Will Likely Be Weak In FY 2024, Initiate With 'Buy' [Seeking Alpha]
FactSet Research Systems Inc. (FDS)
Last factset research systems inc. earnings: 3/26 07:01 am
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US:NYSE Investor Relations:
investor.factset.com
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Source: Seeking Alpha
FactSet competes with Bloomberg, Capital IQ, and Refinitiv, offering cost-effective solutions for buy/sell side institutions. FactSet's acquisition of CGS has enhanced its technology strengths and has the potential for significant revenue synergies. FactSet Research Systems ( NYSE: FDS ) provides financial data platform for buy/sell financial institutions, servicing over 8,000 clients globally. The company released their Q2 FY24 result on March 21, expecting to finish FY24 at the lower end of guidance range. The current layoff in banking sector and a weak market in private equity have poised growth challenges to FactSet. Despite these near-term headwinds, I view FactSet as a high-quality company, and initiate with a ‘Buy' rating with a fair value of $480 per share. Growth Acceleration in A Concentrated Industry FactSet primarily competes against Bloomberg, Capital IQ owned by S&P Global ( SPGI ) and Refinitiv owned by London Stock Exchange Group ( OTCPK:LDNXF ). Wall Street P
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FDS
News
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FDS
Earnings
- 3/21/24 - Beat
FDS
Sec Filings
- 4/3/24 - Form 8-K
- 4/3/24 - Form 10-Q
- 4/1/24 - Form 4
- FDS's page on the SEC website