Toronto Dominion Bank Boosts Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Toronto Dominion Bank boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 57.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & 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 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FDS. Raymond James Financial Inc. purchased a new stake in FactSet Research Systems during the 4th quarter valued at $69,128,000. Point72 Asset Management L.P. bought a new stake in FactSet Research Systems during the fourth quarter valued at about $66,368,000. Geode Capital Management LLC raised its holdings in FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock valued at $527,411,000 after acquiring an additional 94,668 shares during the period. Meridiem Capital Partners LP bought a new stake in FactSet Research Systems during the fourth quarter valued at about $41,241,000. Finally, Wealthfront Advisers LLC increased its holdings in shares of FactSet Research Systems by 4,104.5% in the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider's stock worth $36,712,000 after purchasing an additional 74,620 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

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 stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares of the company's stock, valued at approximately $19,084.12. This represents a 89.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FDS shares. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Morgan Stanley cut their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. UBS Group dropped their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. BMO Capital Markets cut their price target on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a report on Monday, March 24th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of "Hold" and an average target price of $440.22.

FactSet Research Systems Stock Performance

FactSet Research Systems stock traded down $1.26 during trading hours on Monday, hitting $457.00. 271,373 shares of the stock traded hands, compared to its average volume of 290,978. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm's 50 day moving average price is $440.98 and its 200-day moving average price is $457.47. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of 32.76, a P/E/G ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.11. The business had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.22 EPS. As a group, equities analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be issued a $1.10 dividend. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date is Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a yield of 0.96%. FactSet Research Systems's dividend payout ratio is presently 31.29%.

FactSet Research Systems Company Profile

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.