Professional Information Services
All research in Professional Information Services — 4 reports.
FactSet is a high-retention, asset-light financial data and workflow software company with strong cash generation. At about $245, or roughly 15.8x PE, it trades at a clear discount to peers such as MSCI, Moody's, and S&P Global, although AI substitution risk and execution under the new CEO keep the margin of safety from being thick. Research rating Cautious Buy: a quality compounder at a reasonable discount, not a deeply mispriced asset.
Gartner is a high-cash-flow, asset-light enterprise knowledge subscription company with $5.3 billion in contract value and $3.05 billion in deferred revenue. At about $162 per share, it trades at roughly 10x conservative Owner Earnings; valuation is reasonable, while the margin of safety is limited. Rating Cautious Buy: the ideal buy range is $135 to $155.
MSCI is a global oligopoly in indexes and investment analytics, with a 2025 Index segment EBITDA margin of 76%. At $588.52, roughly 30x P/FCF and 3.2x EBITDA leverage, the ideal buy range is $380-440 and the margin of safety for new capital is thin. Research rating Watch: a high-quality compounder, but the current price already asks for a lot of future growth.
An institutionalized intangible-asset earnings machine, with 2025 free cash flow of 5.135 billion dollars and capex at just 1.3% of revenue. At the current price of 417.60 dollars, roughly 26.4x trailing PE, it sits in the middle of its fair-value band, leaving an inadequate margin of safety. Rating Watch: a superb compounder whose quality is already priced in, so buying here means paying for long-term quality rather than buying an obvious bargain.