FactSet Looks Like A Good Bet

Shares of FactSet rallied Tuesday after the association voiced better-than-expected second-quarter gain interjection to reduce handling costs and a slight uptick in sales.The Norwalk, Conn.-based association warranted $36.1 million, or 75 cents per share, up 5% from $34.6 million, or 71 cents per share in the second entertain of 2009. For the duration finale Feb. 28, FactSet Research Systems ( FDS - news - people ) sales strike $157.3 million, up .5% from $156.5 million in the year-ago quarter.emailprintreprintnewslettercommentssharedel.icio.usDigg It!yahooFacebookTwitterRedditrssforbes:http://www.forbes.com/2010/03/16/factset-research-systems-markets-equities-financial-bloomberg.html?partner=yahoobuzzFactSet kick the estimates of analysts polled by Thomson Reuters who likely gain of 74 cents per share on sales of $156.4 million. On headlines of the beat, shares climbed $2.27, or 3.2%, to $73.89 on Tuesday. Though the association combined 150 new employees in the entertain to work on expanding FactSets offshore exclusive calm operations, sum handling costs forsaken 1.6% to $102.8 million, down from $104.5 million in the second entertain of 2009, and the firms customer equate jumped 8% in the entertain to 2,052 with a influence rate larger than 95%.FactSet, that competes with Bloomberg, RiskMetrics Group ( RISK - news - people ), Morningstar ( MORN - news - people ) and Thomson Reuters ( TRI - news - people ), expects to consequence in in between 75 cents and 77 cents in the mercantile third entertain on sales in in between $157 million and $161 million. Analysts polled by Thomson Reuters are presaging gain of 76 cents per share on sales of $158 million.Peter Appert of Piper Jaffray says FactSets month-to-month subscription indication creates it "highly tasteful in the context of a monetary marketplace recovery." Though he records that one entertain does not settle a trend, "the considerable expansion in passwords this entertain gives us certainty in FactSets capability to constraint spending re-acceleration in buy- and sell-side institutions.",,2010/03/16/factset-research-systems-markets-equities-financial-bloomberg.htmlEven deliberation Apperts enlivening perspective on FactSets growth, the association has a prolonged approach to go if it wants to get on next to balance with a little of the rivals. Piper Jaffray researcher George Tong tells Forbes that "in conditions of 2008 marketplace share of the tellurian monetary report industry by revenue, we"d guess Thomson Reuters has 32%, Bloomberg 23%, and FactSet 2%."According to JPMorgan Chase researcher David Lewis, key risks for FactSet going brazen embody "continued hurdles in the monetary industry, increasing pricing vigour as business similar to banks and sidestep supports consolidate, and increasing foe in an industry where most vendors mostly aggressively contest on price." However, Lewis records that "a clever liberation in monetary industry employing would progress FactSets income growth."
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