BlackRock discloses 7.2% passive stake in FactSet (FDS) common stock
Rhea-AI Filing Summary
BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 2,677,198 shares of FactSet Research Systems Inc. common stock, representing 7.2% of the outstanding class as of the reported date. BlackRock reports sole voting power over 2,545,111 shares and sole dispositive power over 2,677,198 shares, with no shared voting or dispositive power.
The filing explains that these holdings reflect positions held by certain BlackRock business units, and that various underlying clients have the right to receive dividends and sale proceeds, with no single client holding more than five percent of FactSet’s total common shares. BlackRock certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of FactSet.
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Insights
BlackRock discloses a 7.2% passive stake in FactSet.
BlackRock, Inc. reports beneficial ownership of 2,677,198 shares of FactSet Research Systems Inc. common stock, or
The certification language specifies that the position is held in the ordinary course of business and not with the purpose or effect of changing or influencing control of FactSet. Voting and dispositive authority are described as solely held by BlackRock for 2,545,111 and 2,677,198 shares, respectively, while economic interests ultimately belong to various clients, none exceeding five percent of FactSet’s outstanding common shares.
As a Schedule 13G/A, this reflects a passive ownership disclosure rather than an activist move. Future ownership levels and any shift to a different filing status would be reflected in subsequent beneficial ownership reports covering periods after