Are Tougher Times Coming for FactSet?

When investors are making money, FactSet Research Systems (NYSE: FDS) often makes money right beside them. The company provides vital information to the financial institutions that work with investors, and that makes FactSet's performance run closely in line with the success of key markets. That's been good for most of the past several years, although episodes like the market downturn in late 2018 raised some concerns that look similar to what a few investors are experiencing right now.

Coming into Thursday's fiscal fourth-quarter financial report, FactSet shareholders wanted to see solid gains from a good market environment during the summer months and get some perspective on what could be coming down the road. FactSet's results were generally good, but some of what management suggested about the future wasn't to everyone's liking.

FactSet's fiscal fourth-quarter results reflected the good conditions in the market. Revenue was up 5.3% to $364.3 million, which was a bit stronger than most of those following the stock had expected. Adjusted net income of $101.9 million was 19% higher than it was a year ago, and adjusted earnings of $2.61 per share topped the consensus forecast among investors for $2.47 per share.

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Source Fool.com