Brigantine Advisors Starts FactSet Research Systems (FDS) at Buy; Right Technology and Approach to Make Most of Market Opportunity
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Price: $276.76 -2.37%
Rating Summary:
5 Buy, 18 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
5 Buy, 18 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Brigantine Advisors initiates coverage on FactSet Research Systems (NYSE: FDS) with a Buy.
Brigantine analyst says, "FactSet is a leading provider of data and analytics services to the financial services market. The company has a subscription model and has a renewal rate of over 90%. FactSet Research Systems creates and sells subscriptions to real time and historic data company data and economic data and the tools to analyze the data. Currently the company offers access to over 85 outside data suppliers and over 100 different news sources and exchanges as well as incorporating the clients own data. Increasingly the company is focused on building up its own proprietary data bases. All of this data is accessible through a single user interface online and is downloadable to PCs and mobile devices."
"For the May quarter we are expecting FactSet to report revenues of $181.4
million and GAAP EPS of $0.90 and for the fiscal year we expect revenues of $722.5 million and GAAP EPS of $3.70."
For more ratings news on FactSet Research Systems click here and for the rating history of FactSet Research Systems click here.
Shares of FactSet Research Systems closed at $104.73 yesterday.
Brigantine analyst says, "FactSet is a leading provider of data and analytics services to the financial services market. The company has a subscription model and has a renewal rate of over 90%. FactSet Research Systems creates and sells subscriptions to real time and historic data company data and economic data and the tools to analyze the data. Currently the company offers access to over 85 outside data suppliers and over 100 different news sources and exchanges as well as incorporating the clients own data. Increasingly the company is focused on building up its own proprietary data bases. All of this data is accessible through a single user interface online and is downloadable to PCs and mobile devices."
"For the May quarter we are expecting FactSet to report revenues of $181.4
million and GAAP EPS of $0.90 and for the fiscal year we expect revenues of $722.5 million and GAAP EPS of $3.70."
For more ratings news on FactSet Research Systems click here and for the rating history of FactSet Research Systems click here.
Shares of FactSet Research Systems closed at $104.73 yesterday.
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