Ron Baron Comments on FactSet Research Systems

- By Holly LaFon

Shares of FactSet Research Systems, Inc. (NYSE:FDS) , a leading provider of investment management tools, increased on solid earnings driven by steady growth in annual subscription value, meaningful margin expansion, and mid-teens adjusted EPS growth. While strong recent performance has been relatively broad-based, the company's Analytics, CTS, and Wealth segments were the primary growth drivers. We retain conviction due to FactSet's large addressable market, consistent execution on new product development and financial results, and robust free cash flow generation.

• Warning! GuruFocus has detected 7 Warning Signs with FDS. Click here to check it out.

• FDS 15-Year Financial Data

• The intrinsic value of FDS

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From Ron Baron (Trades, Portfolio)'s Baron Partners Fund first-quarter 2019 shareholder letter.
This article first appeared on GuruFocus.

• Warning! GuruFocus has detected 7 Warning Signs with FDS. Click here to check it out.

• FDS 15-Year Financial Data

• The intrinsic value of FDS

• Peter Lynch Chart of FDS