Topic: How To Invest

Q: Pat, what do you think about the prospects for FactSet Research, (symbol FDS)? Thank you for all your great advice.

Article Excerpt

A: FactSet Research Systems Inc., $433.45, symbol FDS on New York (Shares outstanding: 38.1 million; Market cap: $16.6 billion;, is a leading provider of financial data and portfolio analytics to investment firms worldwide. In March 2022, FactSet completed the acquisition of CUSIP Global Services for $1.93 billion in cash. S&P Global (symbol SPGI on New York) sold the business to get its merger with IHS Markit Ltd. (symbol INFO on New York) approved by regulators. CUSIP stands for Committee on Uniform Securities Identification Procedures. All stocks and bonds in the U.S. and Canada receive their own unique CUSIP identification number of nine letters and numbers to distinguish one publicly traded stock from another when settling trades. In addition, foreign securities are assigned a CINS number, which stands for CUSIP International Numbering System. CUSIP Global Services manages the system in partnership with the American Bankers Association. It generates about $175 million in annual revenue. FactSet’s total revenue rose 30.3% between 2017 (fiscal years end…