Morgan Stanley’s beneficial stake in FactSet (FDS) now stands at 2.5%

Rhea-AI Filing Summary

Morgan Stanley has updated its ownership report for FactSet Research Systems Inc. common stock. As of the event date of 12/31/2025, Morgan Stanley reports beneficial ownership of 914,409 shares, representing 2.5% of the outstanding common stock, and notes it has ceased to be a beneficial owner of more than five percent of the class.

The filing shows Morgan Stanley has no sole voting or dispositive power, with 806,105 shares under shared voting power and 898,351 shares under shared dispositive power. The securities are stated as acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of FactSet.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

FACTSET RESEARCH SYSTEMS INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

303075105

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 303075105

1

Names of Reporting Persons

Morgan Stanley

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 806,105.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 898,351.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

914,409.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.5 %

12

Type of Reporting Person (See Instructions)

HC, CO

Comment for Type of Reporting Person: As of the date hereof, Morgan Stanley has ceased to be the beneficial owner of more than five percent of the class of securities.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FACTSET RESEARCH SYSTEMS INC
(b)	Address of issuer's principal executive offices: 45 GLOVER AVENUE, NORWALK, CT, 06850
Item 2.
(a)	Name of person filing: Morgan Stanley
(b)	Address or principal business office or, if none, residence: 1585 Broadway, New York, NY 10036
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 303075105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 2.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Morgan Stanley

Signature:	Chris O'Hara
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	02/11/2026

FAQ

What does Morgan Stanley's Schedule 13G/A filing for FDS report?

Morgan Stanley’s Schedule 13G/A reports beneficial ownership of 914,409 FactSet common shares, equal to 2.5% of the class. The firm also states it has ceased to be a beneficial owner of more than five percent of FactSet’s outstanding common stock.

How large is Morgan Stanley's ownership stake in FactSet (FDS)?

Morgan Stanley reports beneficial ownership of 914,409 FactSet common shares, representing 2.5% of the class. The filing details 806,105 shares with shared voting power and 898,351 shares with shared dispositive power, with no sole voting or dispositive authority reported.

When did the ownership change triggering this FactSet (FDS) filing occur?

The ownership level that triggered this Schedule 13G/A is tied to an event dated 12/31/2025. As of that date, Morgan Stanley’s beneficial ownership in FactSet common stock stood at 914,409 shares, or 2.5% of the outstanding class, below the five percent threshold.

Why does Morgan Stanley say it filed this Schedule 13G/A for FDS?

Morgan Stanley certifies the FactSet shares were acquired and are held in the ordinary course of business. It further states they were not acquired and are not held to change or influence control of FactSet, and are not part of a control-related transaction.

What type of reporting person is Morgan Stanley in the FactSet (FDS) filing?

Morgan Stanley identifies itself as a parent holding company or control person, using the code “HC” for type of reporting person. The entity is organized in Delaware and files on behalf of certain Morgan Stanley operating units whose holdings are aggregated in this report.

Has Morgan Stanley fallen below the 5% ownership threshold in FactSet (FDS)?

Yes. The filing explicitly states that, as of the reporting date, Morgan Stanley has ceased to be the beneficial owner of more than five percent of FactSet’s common stock. Its current reported beneficial ownership is 2.5% of the outstanding shares.