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FDS · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is FactSet Research Systems Inc. (FDS) stock moving?
FactSet held its Investor Day on Nov 10, reaffirmed fiscal 2027 adjusted EPS guidance of $19.25-$19.65 and sales guidance of $2.600B-$2.625B, and laid out a medium-term outlook through fiscal 2029. Both adjusted figures sit close to consensus, but the affirmed GAAP EPS guidance of $17.00-$17.50 is below the $17.85 estimate. Analysts remain cautious: Barclays (Underweight, $305 target) and Wells Fargo (Underweight, $290 target) both sit below the Nov 10 close of $325.98. Partnerships with Carbon Arc, Hamilton Lane and the geniosAI funding widen the data and AI offering, but none comes with a quantified revenue impact. Price action shows the stock closed at $325.98 on Nov 10, about 4% below its Nov 5 close of $340.47, while the Nov 10 volume of 1.12M shares was roughly 1.5 times the typical level of the past month. The 30-day range runs from a low of $305.96 on Oct 27 to a high of $348.00 on Nov 5. Broader market pressure from AI fears and rising rate-hike bets also weighs on the stock.
News behind the analysis
- FactSet Hosts 2026 Investor Day and Outlines Medium-Term Financial OutlookFactSet held its 2026 Investor Day, presenting a medium-term outlook through fiscal 2029 and reaffirming fiscal 2027 guidance.
- FactSet Research Systems Affirms FY2027 Adj EPS Guidance of $19.25-$19.65 vs $19.68 Est; Affirms FY2027 Sales Guidance of $2.600B-$2.625B vs $2.616B EstAdjusted EPS guidance of $19.25-$19.65 and sales guidance of $2.600B-$2.625B were reaffirmed, both close to consensus estimates.
- FactSet Research Systems Affirms FY2027 GAAP EPS Guidance of $17.00-$17.50 vs $17.85 EstGAAP EPS guidance of $17.00-$17.50 was affirmed, sitting below the $17.85 consensus estimate.
- FactSet Partners with Carbon Arc to Expand Alternative Data EcosystemFactSet will integrate over 500 alternative data assets from more than 60 providers into its Workstation and Model Context Protocol ecosystem through a Carbon Arc partnership.
- Barclays Maintains Underweight on FactSet Research Systems, Raises Price Target to $305Barclays kept its Underweight rating and raised its price target to $305, still below the Nov 10 close of $325.98.
- Wells Fargo Adjusts Price Target on FactSet Research Systems to $290 From $250Wells Fargo maintained its Underweight rating and raised its price target to $290 from $250.
- FactSet and Hamilton Lane Announce Strategic Partnership for Private Markets DataHamilton Lane's private markets data will be integrated into FactSet's portfolio analytics platform under a strategic partnership.
- FactSet Announces Regular Quarterly Cash DividendFactSet declared a regular quarterly cash dividend of $1.16 per share, payable in December 2026.
- S&P 500 Faces Double Top Risk as Rate Hike Bets Build and AI Fears SpreadRising rate-hike odds and spreading AI fears put the S&P 500 at risk of a double top, a backdrop for software and data stocks.
- FactSet Leads $19.1 Million Funding Round for geniosAIFactSet led a $19.1 million combined seed and Series A round for geniosAI, a financial intelligence platform.
About Factset Research Systems
FactSet is a Connecticut-based company that sells financial data, analytics software and AI tools to investment professionals such as asset managers, investment bankers, wealth advisers and corporate clients. It stands out for its subscription model, with annual retention above 95%, a 47-year streak of revenue growth and 27 straight years of dividend increases.
How it makes money
Nearly all of its revenue comes from recurring subscriptions to its workstation, data feeds and analytics, and the company tracks this with a measure called annual subscription value (about $2.57 billion as of August 2026, up roughly 7% on an organic basis). Revenue for fiscal 2026 was about $2.48 billion. Roughly two-thirds comes from the Americas, about a quarter from Europe, the Middle East and Africa, and the rest from Asia Pacific. Most customers are on the buy side (asset managers, wealth managers) and the sell side (banks). A newer and growing part of the business is AI products and supplying data to clients' AI systems.
What usually moves FDS
- Growth in subscription value and client retention
- Hiring and budgets at banks and asset managers
- Disruption risk and opportunity from generative AI
- Competition from larger data providers
- Operating margins and share buybacks