FactSet slips 5% as investors appear to de-risk ahead of next earnings update

FactSet Research Systems (FDS) is down 5.0% today. Here is some analysis on what might have caused this price movement.

Analysis: A clear, single headline catalyst is not obvious from widely circulated disclosures this morning, so the move looks more like positioning and risk reduction than a reaction to new fundamentals. This could be driven by profit-taking and caution ahead of the company’s next quarterly results, especially after a volatile stretch for the shares.

Details:

FactSet has announced it will release fiscal third-quarter 2026 results (quarter ended May 31, 2026) on July 1, 2026, with an accompanying conference call.

The most recent quarterly release on file was tied to results posted on March 31, 2026, which provides the last official update investors have had on trends like ASV growth, margins, and guidance.

The stock has experienced notable weakness over the past year despite periodic rebounds, which can make it prone to sharp down days when investors rotate away from premium-valued data/software names.

FactSet’s recent dividend/ex-dividend calendar can also influence near-term flows as income-focused holders rebalance around payout dates.

Sources:

FactSet Investor Relations, MarketBeat, Stock Analysis

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FDS Insider Trading Activity

$FDS insiders have traded $FDS stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $FDS stock by insiders over the last 6 months:

LAURIE SIEGEL has made 0 purchases and 2 sales selling 2,572 shares for an estimated $761,944.
MALCOLM FRANK has made 0 purchases and 2 sales selling 2,572 shares for an estimated $760,547.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$FDS Hedge Fund Activity

We have seen 368 institutional investors add shares of $FDS stock to their portfolio, and 517 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 13,854,753 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $3,006,342,853
BAMCO INC /NY/ added 867,742 shares (+30.0%) to their portfolio in Q1 2026, for an estimated $188,291,336
CITADEL ADVISORS LLC removed 609,471 shares (-70.2%) from their portfolio in Q1 2026, for an estimated $132,249,112
WELLS FARGO & COMPANY/MN removed 499,641 shares (-41.9%) from their portfolio in Q1 2026, for an estimated $108,417,100
VANGUARD GROUP INC removed 477,372 shares (-9.7%) from their portfolio in Q4 2025, for an estimated $138,528,580
NORGES BANK added 448,574 shares (+610.5%) to their portfolio in Q4 2025, for an estimated $130,171,689
AQR CAPITAL MANAGEMENT LLC removed 397,520 shares (-56.4%) from their portfolio in Q1 2026, for an estimated $86,257,864

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FDS Government Contracts

We have seen $1,172,297 of award payments to $FDS over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

GLOBAL MARKET PRICING DATA SUBSCRIPTION.: $490,000
ACCESS TO OWNERSHIP DATABASE, SHARKREPELLENT DATABASE, AND ETF DATA FEED: $152,137
FACTSET CORPORATE BOND INDENTIFIERS LICENSE CUSIP: $76,388
SOFTWARE LICENSES: $74,375
CUSIP RENEWAL: $70,200

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$FDS Congressional Stock Trading

Members of Congress have traded $FDS stock 5 times in the past 6 months. Of those trades, 1 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $FDS stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 03/13 and 1 sale worth up to $15,000 on 05/15.
SENATOR SHELLEY MOORE CAPITO has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 03/31, 03/26, 03/25.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$FDS Analyst Ratings

Wall Street analysts have issued reports on $FDS in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Goldman Sachs issued a "Sell" rating on 12/19/2025

To track analyst ratings and price targets for $FDS, check out Quiver Quantitative's $FDS forecast page.

$FDS Price Targets

Multiple analysts have issued price targets for $FDS recently. We have seen 9 analysts offer price targets for $FDS in the last 6 months, with a median target of $295.0.

Here are some recent targets:

Ashish Sabadra from RBC Capital set a target price of $240.0 on 05/27/2026
Jason Haas from Wells Fargo set a target price of $200.0 on 04/01/2026
Alex Kramm from UBS set a target price of $380.0 on 04/01/2026
George Tong from Goldman Sachs set a target price of $217.0 on 04/01/2026
Manav Patnaik from Barclays set a target price of $210.0 on 02/23/2026
David Motemeden from Evercore ISI Group set a target price of $321.0 on 01/08/2026
Jeffrey Silber from BMO Capital set a target price of $305.0 on 12/22/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.