QualityDipStocks / Technology · Software & internet services
FactSet Research Systems FDS
Outside our quality screen, so we don’t track its dips. It’s 2% below its 52-week high.
Outside our quality screen, trading near our fair value estimate, 11% over its Market Value.
- Fair value est.
- $360.41+9%
- Market Value
- $297.81price +11%
- Off 52-wk high
- −2%
- Risk vs market
- Lowbeta −0.07
5 bullish · 5 bearish See why
Key levels
Every level vs today’s $329.57
- 52-wk lowlowest close, 1 year$190.06−42.3%
- Market Valueavg paid since Sep 30$297.81−9.6%
- PriceFri Oct 30 close$329.57you are here
- 52-wk highhighest close, 1 year$335.45+1.8%
- Fair value est.base case$360.41+9.4%
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 5.9% ±2 points. Bear = 10.5% and 3.9%; bull = 8.5% and 7.9% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, FDS’s free cash flow would need to grow about 4% a year for five years; our estimate uses 6%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much FDS moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 3.7× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- -0.07
- Volatility
- 48% vs 13% SPY
- Correlation SPY
- −0.02
- Correlation QQQ
- −0.15
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
Cash returnsShare count down 5.6% in a year: $644M of buybacks over 12 months.
ValuationP/E of 22.6× vs a 33.9× median for the 138 Technology companies we cover.
ValuationFree-cash-flow yield of 5.9% (price / FCF 17.1×): $707M of free cash in the last 12 months.
ProfitabilityReturn on equity of 25% over the last 12 months.
ProfitabilityOperating margin of 28% over the last 12 months.
Top bearish points 5 of 5
ProfitabilityOperating margin narrowed to 28.3% in FY2026 from 31.8% in FY2024 (SEC filings).
ProfitabilityGross margin narrowed to 50.6% in FY2026 from 54.1% in FY2024 (SEC filings).
GrowthSales grew 6.7% over the last 12 months, below the 18% median for the 163 Technology companies we cover.
GrowthDiluted EPS fell 6.3% in the last fiscal year, below the 18% median for the 118 Technology companies we cover.
ValuationTrades 10.7% above its Market Value of $297.81, the average price paid since the Sep 30 filing.
Who’s talking about it
Notable investors, executives, analysts and public figures on FactSet Research Systems in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in Software & internet services
All fundamentals
P/E 22.6 · FCF yield 5.9% · ROE 25%
Valuation
- P/E
- 22.6×Technology median 33.9×
- Price / FCF
- 17.1×
- FCF yield
- 5.9%
- EV / EBITDA
- 15.0×
- Price / sales
- 4.87×
- Price / book
- 6.03×
- Market cap
- $12.1Bprice × diluted shares
- Enterprise value
- $13.2B
Growth
- Revenue, 12 months
- $2.5B
- Sales growth, 12 months
- +6.7%vs the 12 months before
- Sales growth, 3 yrs
- +5.9%/yrfrom FY2023
- Diluted EPS, 12 months
- $14.57
- EPS growth, last FY
- −6.3%
- Net income, 12 months
- $533M
- Net income growth
- −11%12 months vs before
Profitability
- Gross margin
- 50.6%
- Operating margin
- 28.3%
- Net margin
- 21.5%
- FCF margin
- 28.6%
- Return on equity
- 25%
- Return on invested capital
- 19%
Balance sheet
- Cash & short-term inv.
- $265M
- Total debt
- $1.4B
- Net cash
- −$1.1B
- Debt / equity
- 0.68×
- Interest coverage
- 12.8×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $707M
- FCF growth, 12 months
- +15%
- Dividend yield
- 1.36%$164M paid
- Payout ratio
- 31%
- Buybacks, 12 months
- $644M5.3% of market cap
- Share count, 1 year
- −5.6%diluted shares vs a year ago
- Stock-based comp
- $84M
Trailing 12 months to Aug 31, 2026; balance sheet at Aug 31, 2026. From FactSet Research Systems’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
DCF $360.41 · MV $297.81 · FCF value $473.94
Assumes 5.9% growth for 5 years (revenue grew 5.9% a year FY23–FY26), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $19.32 a share (fiscal year to Aug 31, 2026), from the 10-K filed Oct 20, 2026. Net debt $1.1B, not deducted.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Momentum & 52-week range
RSI 65 · 5 days −0.5%
The business
FCF $0.7B · Sales +6%
- Free cash flow, 12 months$0.7B
- Free-cash-flow yield5.8%
- Free-cash-flow margin26%
- Gross margin51%
- Operating margin22%
- Return on invested capital13%
- Return on equity26%
- Sales growth (latest quarter vs year-ago quarter)+6%
- Net debt / EBITDA1.4×
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
FDS is outside our quality screen
One text when a published rule fires on one of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.