FactSet at Risk of Decelerating Revenue Given Outflows at Active Asset Managers
Wide-moat FactSet turned in a fiscal 2019 first quarter mostly within our expectations. The company grew GAAP revenue by 6.8% from the previous year while generating operating margins of 28.6%, an improvement of more than 150 basis points from the first quarter of fiscal year 2018. In addition, the company generated diluted earnings per share of $2.17. We’ll point out that FactSet achieved a significantly lower-than-forecast tax rate of 12.1%. Management is guiding to a higher tax rate close to ...FactSet Research Systems is a provider of integrated financial information, analytical applications and other services for the investment and corporate communities. The company's data and technology solutions can be implemented across the investment portfolio lifecycle or as standalone components. The company is focused on its three segments: United States, Europe, and Asia Pacific. The company delivers insight and information through the workflow solutions of Research, Analytics and Trading, Content and Technology Solutions, and Wealth. The company provides insights on global market trends and knowledge on companies and industries, as well as capabilities to monitor portfolio risk and performance and to execute trades.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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