FactSet Research Systems Inc. (FDS)

In the past six months, FactSet's stock price has experienced a significant decrease, falling by 31.35%. From October 16, 2024, to October 15, 2025, the share price declined by 39.64%. FactSet Research Systems Inc. released its earnings results on September 18, 2025, reporting $4.05 EPS for the quarter, missing the consensus estimate of $4.13. The company's CFO, Helen Shan, bought $101.9K in common stock on October 6, 2025. UBS upgraded FactSet Research Systems (FDS) from Neutral to Buy on September 22, 2025, and Rothschild & Co also upgraded the stock.

Demand for FactSet's products and services is characterized by its subscription-based business model, which generates high recurring revenue and strong client retention rates, consistently above 90%. This model provides users with continuous access to its platform and data feeds, ensuring a predictable and resilient revenue stream. The essential nature of its services to financial professionals further contributes to stable demand, reducing the need for constant client acquisition efforts. The recurring revenue model and high retention suggest a relatively consistent demand throughout the year rather than significant seasonality.

FactSet Research Systems, Inc. provides integrated financial data and analytical applications to the global investment community. Its core offerings include the FactSet Workstation, APIs and data feeds, cloud-based solutions, and industry-specific modules. The company's product portfolio extends to professional services, Research Management Solutions, ESG data sets, event-driven research, and supply-chain insights. Notable subsidiaries and associated brands include CUSIP Global Services, Cobalt Software, BTU Analytics, and TruValue Labs.

FactSet maintains a global presence with offices and data centers across the Americas, EMEA, and Asia Pacific regions. The company has offices in 35 locations across 20 countries, with headquarters in Norwalk, Connecticut, USA, and international headquarters in London, England, and Singapore. Net sales are distributed with the Americas accounting for 64.4%, EMEA for 25.6%, and Asia/Pacific for 10% as of August 2024.

FactSet has a strong market position and brand reputation, cemented by its history of strategic acquisitions and its inclusion in the S&P 500 since December 2021. The company serves approximately 9,000 clients, comprising over 237,000 investment professionals. Strategic acquisitions, such as Portware, BISAM, and CUSIP Global Services, have further reinforced its market presence. FactSet's ongoing investments in artificial intelligence (AI) and the integration of acquisitions like Irwin and LiquidityBook are seen as enhancing its service offerings and competitive edge. However, a material weakness in internal control over financial reporting has been identified as a challenge for the company's reputation and investor confidence.

FactSet Research Systems Inc. has significant institutional ownership, with 91.24% to 95.05% of its stock held by institutions. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., Morgan Stanley, Bamco Inc /ny/, State Street Corp, Loomis Sayles & Co L P, Wells Fargo & Company/mn, Ninety One UK Ltd, and Geode Capital Management, Llc. Vanguard Group Inc. is noted as owning the most shares. Insider ownership is comparatively smaller, around 1.10% to 17.85%. Nancy E. Blair is identified as the largest individual shareholder, owning 14.42% of the company's shares.