FactSet reported strong third-quarter fiscal 2018 results with earnings and revenues surpassing the Zacks Consensus Estimate. FactSet is one of the leading providers of online integrated data-related products and services for the investment community. Acquisitions have been a key growth catalyst. The company’s healthy balance sheet has enabled it to undertake shareholder friendly moves like share buybacks and dividend payments. In fact, the company has outperformed the industry’s growth in the past year. However, the company’s operation in highly competitive markets, where it is pitted against other players providing financial market data, analytics and related services, remains a concern. Further, multiple acquisitions increase the company’s exposure to integration risks. A debt-laden balance sheet acts as another major headwind.