BlackRock Inc. acquired 2.86 million shares of FactSet Research Systems according to a recent 13F filing. The investment is valued at approximately $657.66 million. This purchase gives BlackRock an 8.04% stake in the business services provider. Te Ahumairangi Investment Management Ltd also acquired a new stake of 15,817 shares valued at $3.64 million.
FactSet recently reported quarterly earnings of $4.53 per share. Quarterly revenue reached $622.9 million. The company issued fiscal 2026 earnings guidance between $17.25 and $17.75 per share. These institutional investments follow a period of strong share price performance for the firm.
Despite the new institutional interest, the consensus analyst rating on the stock remains Reduce. Analysts have set an average price target of $253 for the shares.