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↑Improving
- Wide Economic Moat Quality→Stable
- Earnings Recovery Trend↑Improving
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Oct 20, 2026
FactSet Research Systems Inc. (FDS) Stock Analysis
Breakout setup
Financial Services · Financial Data & Stock Exchanges
Wait for pullback to $290.10. Price sits above the model's entry target of $290.10; the risk/reward becomes favorable on a pullback. Key risks: Single-region cliff: 65% exposure to Americas segment revenues (≥60% threshold). Regional macroeconomic shock = idiosyncratic terminal risk.; Concentration risk — Geographic: Americas segment revenues (65.0%).
FactSet Research Systems provides financial data, analytics and AI-powered workflow tools to asset managers, bankers, wealth managers and other finance professionals in over 80 countries. Revenue comes mainly from subscriptions to its Hosted Platform (workstations, portfolio... Read more
Wait for pullback to $290.10. Price sits above the model's entry target of $290.10; the risk/reward becomes favorable on a pullback. Key risks: Single-region cliff: 65% exposure to Americas segment revenues (≥60% threshold). Regional macroeconomic shock = idiosyncratic terminal risk.; Concentration risk — Geographic: Americas segment revenues (65.0%). Chart setup: Golden cross, above all MAs, RSI 66, MACD bullish. Wide-moat business. Accumulate on weakness. Score 5.3/10, moderate confidence.
Passes 6/9 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 48d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and finsvc regional cliff hard block. Suitability: moderate.
About FactSet Research Systems Inc.
About FactSet Research Systems Inc.
FactSet Research Systems reports three geographic segments, with the Americas contributing 65% of total revenues in fiscal 2026, EMEA 24% and Asia Pacific 11%. The company served 9,258 clients and 260,671 professionals at August 31, 2026, and employed 12,444 people across 33 offices in 19 countries, about 70% of them in Asia Pacific. Its P.A.N. Securities, LP subsidiary is a FINRA member and registered broker-dealer under SEC oversight.
FactSet earns most of its revenue from subscriptions to a Hosted Platform that bundles workstations, portfolio analytics, enterprise data solutions and AI agents for institutional asset managers, bankers, wealth managers, hedge funds and private equity firms. Annual Subscription Value, defined as forward-looking revenue for the next 12 months from recurring services, serves as the company's key indicator, and annual ASV retention was greater than 95% in fiscal 2026, or 90% when expressed as a percentage of clients. Management is moving client contracts toward longer enterprise platform agreements that pair subscription minimums with consumption-based pricing. Content is collected from third-party data suppliers, exchanges and brokers into managed databases, and the company seeks at least two providers for each major type of financial data. The filing names Bloomberg, S&P, London Stock Exchange Group, BlackRock, MSCI and Morningstar as the most notable competitors, alongside clients building in-house solutions.
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Supplier dependence offers a distinct angle on the business. The filing states that one supplier provides the majority of cloud computing support, and the company has limited control over that provider's performance, so an outage or loss of service could impair operations and might lead clients to seek alternative data suppliers. Certain data sets rely on a limited number of suppliers, and two content suppliers each represented more than 10% of total third-party content costs in fiscal 2026, even though the company states it is not dependent on any one content supplier. Capacity constraints may compound the exposure, since AI-driven demand has contributed to constrained availability and rising costs for data center capacity, power and computing resources.
See also: Financial Services · Financial Data & Stock Exchanges
From FactSet Research Systems Inc.'s most recent 10-K filing, extracted October 25, 2026.
Recent developments
updated 2026-10-29Recent Developments — FactSet Research Systems Inc.
Latest news
- NEWS FactSet (FDS) Stock Jumps As Margin Strength Restores Confidence - Simply Wall Street — Simply Wall Street positive
- NEWS FactSet Research Systems Inc (FDS) Stock Up 3.8% and Still Under - GuruFocus — GuruFocus positive
- NEWS FactSet Research Systems Inc (FDS) Stock Up 3.8% and Still Under - gurufocus.com — gurufocus.com positive
- NEWS FactSet (FDS) Stock Trades Up, Here Is Why - StockStory — StockStory positive
- NEWS FactSet (FDS) Stock Trades Up, Here Is Why - The Globe and Mail — The Globe and Mail positive
Generated 2026-10-29T11:08:51Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicAmericas segment revenues65%10-K Item 1: 'Revenues from the Americas represented 65% of total revenues during fiscal 2026.'
- MEDIUMSupplierone supplier provides majority of cloud computing support10-K Item 1A: 'one supplier provides the majority of our cloud computing support'
Material Events(8-K, last 90d)
- 2026-09-25Item 5.02LOWBoard appointed Marcel Prins as a director on September 23, 2026; he will join the existing non-employee director compensation program. Board appointment only; no departure and no related-party transactions.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker
Growth 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
Wait for pullback to $290.10. Price sits above the model's entry target of $290.10; the risk/reward becomes favorable on a pullback. Key risks: Single-region cliff: 65% exposure to Americas segment revenues (≥60% threshold). Regional macroeconomic shock = idiosyncratic terminal risk.; Concentration risk — Geographic: Americas segment revenues (65.0%). Chart setup: Golden cross, above all MAs, RSI 66, MACD bullish. Wide-moat business. Accumulate on weakness. Analyst target $252.00 reached (−19.4%), stop $269.79 (−15.9%), A.R:R -1.3:1. Score 5.3/10, moderate confidence.
Analyst target $252.00 reached (−19.4% from $312.68); no take-profit level is published. Analyst target $252.00 reached (−19.4%), stop $269.79 (−15.9%), A.R:R -1.3:1. Stop-loss: $269.79.
Single-region cliff: 65% exposure to Americas segment revenues (≥60% threshold). Regional macroeconomic shock = idiosyncratic terminal risk.; Concentration risk — Geographic: Americas segment revenues (65.0%); Analyst target reached - limited upside remaining.
FactSet Research Systems Inc. trades at a P/E of 21.5 (forward 14.4). TrendMatrix value score: 5.9/10. Verdict: Buy (Wait for Entry).
27 analysts cover FDS with a consensus score of 2.7/5. Average price target: $280.
What does FactSet Research Systems Inc. do?FactSet Research Systems provides financial data, analytics and AI-powered workflow tools to asset managers, bankers,...
FactSet Research Systems provides financial data, analytics and AI-powered workflow tools to asset managers, bankers, wealth managers and other finance professionals in over 80 countries. Revenue comes mainly from subscriptions to its Hosted Platform (workstations, portfolio analytics, enterprise data and AI solutions), serving 9,258 clients and 260,671 professionals. Annual ASV retention exceeded 95% in fiscal 2026, and its CUSIP Global Services unit is the exclusive issuer of CUSIP identifiers.