FACTSET RESEARCH SYSTEMS INC.
At today's price, FACTSET RESEARCH SYSTEMS INC. (FDS) is priced for -1.5% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
At $221.53 FactSet trades at about 12x company-wide operating income, a multiple so low the inversion notes the price sits below what even a 5% annual profit decline would warrant; the reverse-DCF band of about $350 to $478 sits well above the price, so the market is pricing in AI-driven decline. The fundamentals contradict that: Q2 fiscal 2026 revenue rose 7.1% to $611.0 million, organic Annual Subscription Value grew 6.7% to $2,450.2 million, the trailing operating margin is above 30%, and ma
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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. Nothing here is investment advice.
Last analyzed: June 27, 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.