Here’s What Makes FactSet Research Systems (FDS) a Great Investment

Baron Funds, an asset management company, released its “Baron Growth Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund fell 18.69%. The fund performed moderately better in the quarter compared to a 19.25% decline in the Russell 2000 Growth benchmark Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

In the second quarter investor letter, Baron Funds discussed stocks like FactSet Research Systems Inc. (NYSE:FDS). Headquartered in Norwalk, Connecticut, FactSet Research Systems Inc. (NYSE:FDS) is a financial data and analytics providing company. On September 1, 2022, FactSet Research Systems Inc. (NYSE:FDS) stock closed at $440.06 per share. One-month return of FactSet Research Systems Inc. (NYSE:FDS) was 3.60% and its shares gained 13.74% of their value over the last 52 weeks. FactSet Research Systems Inc. (NYSE:FDS) has a market capitalization of $16.713 billion.

Here is what Baron Funds specifically said about FactSet Research Systems Inc. (NYSE:FDS):

“The businesses in which we have invested have generally continued to report robust financial results despite elevated public attention on the risks of a slowdown. In June, market data vendor FactSet Research Systems Inc. (NYSE:FDS) reported an acceleration in its organic growth rate to 10.1%, its fastest rate of organic growth in a decade. FactSet is reaping the benefits of a multi-year investment cycle and unwavering focus on customer service to bring new products to market, consolidate spending from competitors, and realize price increases.”

Investments, Finance

FactSet Research Systems Inc. (NYSE:FDS) is not on the list of 30 Most Popular Stocks Among Hedge Funds. As per our database, FactSet Research Systems Inc. (NYSE:FDS) was held by 30 hedge fund portfolios at the end of the second quarter, which was 34 in the previous quarter.

We discussed FactSet Research Systems Inc. (NYSE:FDS) in another article and shared Baron Funds’ views on the company in the previous quarter. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

Disclosure: None. This article is originally published at Insider Monkey.