Toronto Dominion Bank Grows Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Toronto Dominion Bank boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 57.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,732 shares of the business services provider's stock after buying an additional 7,552 shares during the period. Toronto Dominion Bank owned approximately 0.05% of FactSet Research Systems worth $9,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Siemens Fonds Invest GmbH increased its holdings in FactSet Research Systems by 871.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 10,834 shares of the business services provider's stock worth $5,203,000 after acquiring an additional 9,719 shares during the period. Rafferty Asset Management LLC grew its position in FactSet Research Systems by 4.0% during the fourth quarter. Rafferty Asset Management LLC now owns 13,410 shares of the business services provider's stock worth $6,441,000 after buying an additional 513 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in FactSet Research Systems in the 4th quarter worth about $2,657,000. Point72 Asset Management L.P. purchased a new stake in shares of FactSet Research Systems in the 4th quarter valued at about $66,368,000. Finally, Point72 Europe London LLP boosted its position in shares of FactSet Research Systems by 42.1% during the 4th quarter. Point72 Europe London LLP now owns 23,300 shares of the business services provider's stock valued at $11,191,000 after acquiring an additional 6,900 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 0.1%

Shares of FDS stock traded down $0.34 during mid-day trading on Monday, reaching $463.65. The stock had a trading volume of 171,323 shares, compared to its average volume of 292,202. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. The firm has a market capitalization of $17.59 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock's 50-day moving average price is $437.97 and its two-hundred day moving average price is $458.49.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.17 by $0.11. The business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $4.22 EPS. Equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 0.95%. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems's dividend payout ratio is presently 31.29%.

Analyst Ratings Changes

A number of research firms have commented on FDS. UBS Group cut their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Morgan Stanley cut their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research note on Friday, March 21st. Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. BMO Capital Markets reduced their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research note on Monday, March 24th. Finally, Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of "Hold" and an average price target of $436.90.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.