FACTSET RESEARCH SYSTEMS INC.
In the published model solve dated 2026-Q2, anchored at $308.98, FACTSET RESEARCH SYSTEMS INC. (FDS) is priced for +4.0% 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: 2026-07-01 (items 2.02, 9.01); 2026-04-08 (items 5.02, 9.01); 2026-03-31 (items 2.02, 9.01); 2026-03-04 (items 5.02, 9.01); 2025-12-22 (items 5.02, 5.03, 5.07, 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.