FactSet Reliant on Muted Spending to Maintain Double-Digit Earnings Growth; Shares Overvalued
Wide-moat FactSet finished its second fiscal quarter mostly in line with our expectations, generating $2.19 per share in GAAP earnings and revenue of $354.8 million, representing year-over-year growth in sales of 5.9%. For fiscal 2019, we anticipate FactSet’s top line to grow by more than 6%. Year to date, the company is on track to meet our guidance. Despite mid-single-digit revenue growth, the company's operating income advanced by nearly 14% from the previous year. This is entirely attributab...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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