FactSet is a high-quality financial data franchise with a wide economic moat, strong returns, and 13.2% headroom to its resistance target — but a confirmed price downtrend, geographic and customer concentration blocks, and mixed earnings delivery create a complex setup where franchise quality and technical risk pull in opposite directions.
Thesis pillars
- Material Upside With Short Overhang→Stable
- Wide Economic Moat Quality→Stable
- Earnings Recovery Trend→Stable
- +2 more pillars — see the Why tab for full reasoning
FactSet Research Systems Inc. (FDS) Stock Analysis
Momentum Cont setup
Financial Services · Financial Data & Stock Exchanges
Hold if already holding. Not a fresh buy at $250.09, but acceptable to hold if already in. Reasons: Single-region cliff: 65% exposure to Americas (≥60% threshold). Regional macroeconomic shock = idiosyncratic terminal risk.; Concentration risk — Geographic: Americas (65.0%).
FactSet Research Systems is a global financial digital platform and enterprise-solutions provider delivering data, analytics and AI-powered technology to roughly 9,000 clients and 237,000 investment professionals across Americas, EMEA and Asia Pacific segments. The Americas... Read more
Hold if already holding. Not a fresh buy at $250.09, but acceptable to hold if already in. Reasons: Single-region cliff: 65% exposure to Americas (≥60% threshold). Regional macroeconomic shock = idiosyncratic terminal risk.; Concentration risk — Geographic: Americas (65.0%). Chart setup: Trend continuation, RSI 58, MACD bullish. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 5.3/10, moderate confidence.
Passes 7/11 gates (positive momentum, clean insider activity, positive momentum, news boost analyst 0.40, earnings proximity 76d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and finsvc regional cliff hard block. Suitability: speculative.
About FactSet Research Systems Inc.
About FactSet Research Systems Inc.
FactSet served approximately 9,000 clients and 237,000 investment professionals as of August 31, 2025, with the Americas generating 65% of fiscal 2025 revenue, EMEA 25% and Asia Pacific 10%. Buy-side clients — institutional asset managers, wealth managers and hedge funds — accounted for approximately 82% of Organic ASV, while the company's P.A.N. Securities subsidiary operates as a FINRA-registered broker-dealer subject to SEC net capital rules.
FactSet earns the majority of its revenue from multi-year subscriptions to its connected data and technology platform, sold across four firm types — Institutional Buyside, Dealmakers, Wealth, and Partnerships and CGS — with CGS serving as the exclusive global issuer of CUSIP and CINS identifiers and the official U.S. numbering agency for ISINs. Annual ASV retention exceeded 95% in fiscal 2025, with 91% client-count retention. The company competes against Bloomberg, S&P's Market Intelligence division and LSEG's Data & Analytics division (formerly Refinitiv), as well as BlackRock Aladdin, MSCI and Morningstar. On the input side, FactSet says it is not dependent on any single third-party data supplier, though two data suppliers each represented more than 10% of total data costs in fiscal 2025, and one cloud-computing provider supplied the majority of its cloud support.
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FactSet's buy-side dependency carries a second-order risk beyond simple customer concentration: because many of its buy-side clients are active asset managers whose management fees are tied to assets under management, a continued industry-wide shift toward passive investing — which the 10-K flags explicitly — would reduce demand for FactSet's research, portfolio-construction and performance-analytics tools from exactly the client base that already supplies about 82% of Organic ASV. That risk compounds with the disclosed dependence on a single cloud-computing provider for the majority of infrastructure support, meaning a single vendor disruption could affect service delivery to a client base already concentrated by investment style.
See also: Financial Services · Financial Data & Stock Exchanges
From FactSet Research Systems Inc.'s most recent 10-K filing, extracted July 3, 2026.
Recent developments
updated 2026-07-06Recent Developments — FactSet Research Systems Inc.
Latest news
- NEWS FactSet Research Systems (NYSE:FDS): Why Is Valuation Back In Focus? - Kalkine Media — Kalkine Media neutral
- NEWS A Look At FactSet Research Systems (FDS) Valuation After Recent Share Price Rebound And 28.8% Undervaluation Claim - Yah — Yahoo Finance positive
- NEWS FactSet slides 6.5% as rate worries hit market sentiment; stock still weighed by margin and valuation concerns - Quiver — Quiver Quantitative negative
- NEWS FactSet Research Systems (FDS) Drops 5.3% to $204.53 - AlphaStreet — AlphaStreet negative
- NEWS A Look at FactSet Research Systems Inc (FDS) After 5.5% Decline -- GF Value $505.12 vs Price $255.82 - GuruFocus — GuruFocus negative
Generated 2026-07-06T05:40:27Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicAmericas65%10-K Item 1: 'Revenues from the Americas represented 65% of total revenues during fiscal 2025.'
- HIGHCustomerbuy-side clients82%10-K Item 1: 'Buy-side clients accounted for approximately 82% of our Organic ASV as of August 31, 2025.'
- MEDIUMSuppliercloud computing provider10-K Item 1: 'one supplier provided the majority of our cloud computing support for fiscal 2025'
- LOWSuppliertwo data suppliers10-K Item 1: 'two data suppliers each representing more than 10% of our total data costs during fiscal 2025'
Material Events(8-K, last 90d)
- 2026-04-08Item 5.02MEDIUMEffective April 13, 2026, CFO Helen Shan transitions out of her role and becomes eligible for severance under the Executive Severance Plan. Joshua Warren, former CFO of Envestnet (2023-2025), was appointed as her successor effective the same date. Clean handoff; no disagreement cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $250.09, but acceptable to hold if already in. Reasons: Single-region cliff: 65% exposure to Americas (≥60% threshold). Regional macroeconomic shock = idiosyncratic terminal risk.; Concentration risk — Geographic: Americas (65.0%). Chart setup: Trend continuation, RSI 58, MACD bullish. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Target $259.08 (+3.6%), stop $232.58 (−7.5%), A.R:R -0.7:1. Score 5.3/10, moderate confidence.
Take-profit target: $259.08 (+3.6% upside). Target $259.08 (+3.6%), stop $232.58 (−7.5%), A.R:R -0.7:1. Stop-loss: $232.58.
Single-region cliff: 65% exposure to Americas (≥60% threshold). Regional macroeconomic shock = idiosyncratic terminal risk.; Concentration risk — Geographic: Americas (65.0%); Concentration risk — Customer: buy-side clients (82.0%).
FactSet Research Systems Inc. trades at a P/E of 16.5 (forward 12.7). TrendMatrix value score: 6.6/10. Verdict: Hold.
27 analysts cover FDS with a consensus score of 2.7/5. Average price target: $251.
What does FactSet Research Systems Inc. do?FactSet Research Systems is a global financial digital platform and enterprise-solutions provider delivering data,...
FactSet Research Systems is a global financial digital platform and enterprise-solutions provider delivering data, analytics and AI-powered technology to roughly 9,000 clients and 237,000 investment professionals across Americas, EMEA and Asia Pacific segments. The Americas generated 65% of fiscal 2025 revenue, EMEA 25% and Asia Pacific 10%, with buy-side clients (asset managers, wealth managers, hedge funds) representing about 82% of Organic ASV and sell-side clients the remaining 18%.