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Norwalk Today
By the People, for the People
FactSet Research Systems Inc. Shares Sold by PFG Advisors
Institutional investor reduces stake in financial data and analytics provider
Mar. 11, 2026 at 10:20am
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PFG Advisors, an institutional investor, has significantly reduced its stake in FactSet Research Systems Inc. (NYSE:FDS), a leading provider of integrated financial data and analytics. The fund sold 97.3% of its previous holdings in FactSet during the third quarter, retaining only 5,173 shares worth $1.48 million.
Why it matters
The reduction in PFG Advisors' FactSet position reflects broader trends in the investment community's sentiment towards the company. FactSet's stock has faced headwinds in recent quarters, with the share price declining from its 52-week high. This move by a major institutional investor could signal a shift in market perception of FactSet's growth prospects and competitive positioning.
The details
According to the company's latest 13F filing, PFG Advisors sold 186,827 shares of FactSet Research Systems, leaving the fund with only 5,173 shares. The sale represents a 97.3% reduction in PFG Advisors' stake in the business services provider. FactSet's stock has faced challenges, with the share price declining from a 52-week high of $474.79 to the current level of around $212.
- PFG Advisors reduced its FactSet stake in the third quarter of the year.
The players
PFG Advisors
An institutional investor that has significantly reduced its stake in FactSet Research Systems Inc.
FactSet Research Systems Inc.
A leading provider of integrated financial data and analytics services to the investment community.
The takeaway
The reduction in PFG Advisors' FactSet position highlights the broader challenges facing the financial data and analytics provider, as its stock price has declined from recent highs. This move by a major institutional investor could signal a shift in market sentiment towards FactSet, raising questions about the company's growth prospects and competitive positioning going forward.
