We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
FactSet (FDS) to Gain From BTU Analytics Buyout: Here's How
Read MoreHide Full Article
FactSet Research Systems Inc.(FDS - Free Report) announced that it has completed the acquisition of BTU Analytics, a Lakewood, CO-based provider of data and analytics in the North American renewables, power, oil and natural gas sectors.
Founded in 2014, BTU Analytics is specialized in collecting raw information in the renewables, power, oil and natural gas marketplace, and converting the same into cross-commodity analytics, thereby helping investment professionals in the energy and renewable energy sectors.
BTU founders Andrew Bradford, Mason Ender, Tony Scott and Kathryn Downey Miller, along with their teams, have now become part of FactSet’s deep-sector content initiative.
So far this year, shares of FactSet have gained 0.9% compared with 11% rise of the industry it belongs to.
Image Source: Zacks Investment Research
How Will FactSet Benefit?
The acquisition brings in comprehensive sector data for North American power, oil, and gas sectors to FactSet’s content portfolio. This should help FactSet expand its industry-specific or deep-sector content for investment professionals.
FactSet’s vast global network and solid clientele, when combined with BTU Analytics’ data and analytic capabilities, should help investment professionals choose wisely in the energy marketplace.
Kristy Karnovsky, senior vice president and global head of Research, FactSet, stated, “The acquisition of BTU strengthens our position in the energy space, an area where we see rapidly growing demand from our clients. BTU Analytics is a leader across all fuel types, including the increasingly relevant power and renewables markets. FactSet’s integration of this data and analytics will provide our clients with the content they need to make sound investment and ESG decisions across the energy landscape.”
Some better-ranked stocks in the broader Zacks Business Services sector include Paychex (PAYX - Free Report) , Interpublic (IPG - Free Report) and Atento S.A, each carrying a Zacks Rank #2 (Buy).
Long-term (three to five years) expected earnings per share growth rate for Paychex, Interpublic and Atento is projected at 8%, 10.2% and 12%, respectively.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
FactSet (FDS) to Gain From BTU Analytics Buyout: Here's How
FactSet Research Systems Inc.(FDS - Free Report) announced that it has completed the acquisition of BTU Analytics, a Lakewood, CO-based provider of data and analytics in the North American renewables, power, oil and natural gas sectors.
Founded in 2014, BTU Analytics is specialized in collecting raw information in the renewables, power, oil and natural gas marketplace, and converting the same into cross-commodity analytics, thereby helping investment professionals in the energy and renewable energy sectors.
BTU founders Andrew Bradford, Mason Ender, Tony Scott and Kathryn Downey Miller, along with their teams, have now become part of FactSet’s deep-sector content initiative.
So far this year, shares of FactSet have gained 0.9% compared with 11% rise of the industry it belongs to.
Image Source: Zacks Investment Research
How Will FactSet Benefit?
The acquisition brings in comprehensive sector data for North American power, oil, and gas sectors to FactSet’s content portfolio. This should help FactSet expand its industry-specific or deep-sector content for investment professionals.
FactSet’s vast global network and solid clientele, when combined with BTU Analytics’ data and analytic capabilities, should help investment professionals choose wisely in the energy marketplace.
Kristy Karnovsky, senior vice president and global head of Research, FactSet, stated, “The acquisition of BTU strengthens our position in the energy space, an area where we see rapidly growing demand from our clients. BTU Analytics is a leader across all fuel types, including the increasingly relevant power and renewables markets. FactSet’s integration of this data and analytics will provide our clients with the content they need to make sound investment and ESG decisions across the energy landscape.”
Zacks Rank and Stocks to Consider
FactSet currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Ranked (Strong Buy) stocks here.
Some better-ranked stocks in the broader Zacks Business Services sector include Paychex (PAYX - Free Report) , Interpublic (IPG - Free Report) and Atento S.A, each carrying a Zacks Rank #2 (Buy).
Long-term (three to five years) expected earnings per share growth rate for Paychex, Interpublic and Atento is projected at 8%, 10.2% and 12%, respectively.