FACTSET RESEARCH SYSTEMS INC.
In the published model solve dated 2026-Q2, anchored at $277.61, FACTSET RESEARCH SYSTEMS INC. (FDS) is priced for +0.8% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• Nearly all of FactSet's money arrives as a subscription, and the annual filing is blunt about the term: ⟦The majority of client contracts have a duration of one year⟧, so the whole revenue base is renegotiated every twelve months rather than locked away in multi-year commitments. • The structural risk sits with the customer rather than the product, and the company names it as a risk heading of its own: ⟦The continued shift from active to passive investing could negatively impact user count gro
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701 institutional managers reported holding FDS in 13F filings for the quarter ended 2026-03-31. 92 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 5.4M shares were sold short as of the 2026-06-15 count, about 14% of shares outstanding (5.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FDS has cut its share count 2.3% over the past five years, spending $1.13B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 16 years straight; the current rate is $1.24 a share annually. Cash returned over the past three years: $430.24M in dividends and $948.25M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at FDS over the trailing three years: 2025: 4 buys totaling $328k. 23 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FDS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-04 | -6.9% | +9.9% |
| 2023-10-28 | +2.8% | +13.5% |
| 2024-01-06 | -1.3% | +2.1% |
| 2024-04-04 | -1.4% | -5.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FDS's latest 8-K filings: 2026-09-30 (items 2.02, 5.03, 9.01); 2026-09-25 (items 5.02, 9.01); 2026-08-31 (items 1.01, 2.03, 9.01); 2026-07-01 (items 2.02, 9.01); 2026-04-08 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.