BlackRock Discloses 10.1% Stake in FactSet Research Systems
Ticker: FDS · Form: SC 13G · Filed: Jan 24, 2024 · CIK: 1013237
| Field | Detail |
|---|---|
| Company | Factset Research Systems Inc (FDS) |
| Form Type | SC 13G |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, stake-disclosure
TL;DR
**BlackRock just revealed a 10.1% stake in FactSet, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, reported on January 24, 2024, that it holds a significant stake in FactSet Research Systems Inc. (FDS). As of December 31, 2023, BlackRock owns 3,840,432 shares of FactSet's Common Stock, representing 10.1% of the company. This filing indicates BlackRock's substantial, passive investment in FactSet, signaling confidence in the company's long-term prospects, which could be a positive sign for current and potential FDS shareholders.
Why It Matters
This filing shows that a major institutional investor, BlackRock, has a significant and passive stake in FactSet, which can be interpreted as a vote of confidence in the company's stability and future performance.
Risk Assessment
Risk Level: low — This filing indicates a large, passive institutional investment, which generally reduces volatility and suggests stability rather than immediate risk.
Analyst Insight
A smart investor would view BlackRock's substantial, passive stake as a positive indicator of FactSet's stability and potential for long-term value, suggesting it might be a good time to hold or consider adding FDS to a diversified portfolio.
Key Numbers
- 3,840,432 — Shares Owned (The total number of FactSet Common Stock shares BlackRock beneficially owns.)
- 10.1% — Ownership Percentage (The percentage of FactSet's Common Stock owned by BlackRock, indicating a significant stake.)
- December 31, 2023 — Event Date (The specific date on which BlackRock's ownership crossed the threshold requiring this filing.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- FactSet Research Systems Inc. (company) — the subject company in which BlackRock holds shares
- 3,840,432 (dollar_amount) — number of shares of Common Stock beneficially owned by BlackRock
- 10.1% (dollar_amount) — percentage of FactSet's class of securities beneficially owned by BlackRock
- December 31, 2023 (person) — date of the event requiring the filing
- January 24, 2024 (person) — date the SC 13G filing was made
Forward-Looking Statements
- FactSet's stock price will remain relatively stable due to BlackRock's passive, long-term investment. (FactSet Research Systems Inc.) — medium confidence, target: next 6-12 months
- Other institutional investors may view BlackRock's significant stake as a positive signal, potentially increasing their own positions in FactSet. (FactSet Research Systems Inc.) — low confidence, target: next 3-6 months
FAQ
What is the primary purpose of this SC 13G filing by BlackRock Inc.?
The primary purpose of this SC 13G filing is for BlackRock Inc. to disclose its beneficial ownership of 10.1% of the Common Stock of FactSet Research Systems Inc. as of December 31, 2023, indicating a passive investment stake.
How many shares of FactSet Research Systems Inc. Common Stock does BlackRock Inc. beneficially own according to this filing?
According to the filing, BlackRock Inc. beneficially owns 3,840,432 shares of FactSet Research Systems Inc. Common Stock.
What percentage of FactSet Research Systems Inc.'s Common Stock does BlackRock Inc. own?
BlackRock Inc. owns 10.1% of FactSet Research Systems Inc.'s Common Stock, as stated in the filing.
What was the 'Date of Event Which Requires Filing of this Statement' for BlackRock Inc.'s SC 13G?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing.
Under which rule was this Schedule 13G filed by BlackRock Inc.?
This Schedule 13G was filed under Rule 13d-1(b), which is typically used by institutional investors who acquire shares in the ordinary course of business and without the intent to influence or control the issuer.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 24, 2024 by December 31, 2023 regarding FACTSET RESEARCH SYSTEMS INC (FDS).