Toronto Dominion Bank Has $6.06 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Toronto Dominion Bank lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 30.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,180 shares of the business services provider’s stock after selling 5,843 shares during the quarter. Toronto Dominion Bank’s holdings in FactSet Research Systems were worth $6,061,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cetera Advisors LLC bought a new position in FactSet Research Systems in the first quarter valued at $202,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of FactSet Research Systems by 13.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,234 shares of the business services provider’s stock worth $1,729,000 after buying an additional 492 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of FactSet Research Systems by 2.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,797 shares of the business services provider’s stock valued at $1,142,000 after acquiring an additional 70 shares in the last quarter. Blue Trust Inc. increased its position in shares of FactSet Research Systems by 69.5% in the second quarter. Blue Trust Inc. now owns 139 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 57 shares during the last quarter. Finally, Ninety One UK Ltd raised its holdings in FactSet Research Systems by 0.9% during the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock worth $496,645,000 after acquiring an additional 10,928 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FDS has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday, November 15th. Wells Fargo & Company increased their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Stifel Nicolaus lifted their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, UBS Group upped their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $451.85.

FactSet Research Systems Stock Performance

FDS opened at $488.74 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day simple moving average of $474.46 and a 200 day simple moving average of $440.36. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The company has a market capitalization of $18.57 billion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter in the previous year, the business posted $2.93 earnings per share. FactSet Research Systems’s quarterly revenue was up 4.9% on a year-over-year basis. Research analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.85%. FactSet Research Systems’s dividend payout ratio is presently 29.93%.

Insider Activity

In other news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This represents a 37.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Costigan sold 1,622 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This trade represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,984 shares of company stock worth $10,981,107. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems 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.