Toronto Dominion Bank Sells 5,843 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Toronto Dominion Bank reduced its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 30.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,180 shares of the business services provider’s stock after selling 5,843 shares during the period. Toronto Dominion Bank’s holdings in FactSet Research Systems were worth $6,061,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. State Street Corp boosted its stake in shares of FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after purchasing an additional 42,303 shares in the last quarter. Ninety One UK Ltd increased its position in FactSet Research Systems by 0.9% during the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock worth $496,645,000 after purchasing an additional 10,928 shares in the last quarter. Geode Capital Management LLC lifted its stake in FactSet Research Systems by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in FactSet Research Systems by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock valued at $171,702,000 after buying an additional 4,113 shares in the last quarter. Finally, Boston Trust Walden Corp grew its stake in shares of FactSet Research Systems by 9.3% during the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after buying an additional 25,294 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $488.74 on Friday. The company has a market capitalization of $18.57 billion, a PE ratio of 35.16, a P/E/G ratio of 3.15 and a beta of 0.76. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The firm has a fifty day simple moving average of $474.46 and a 200 day simple moving average of $440.36.

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

FactSet Research Systems Dividend Announcement

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

Insider Transactions at FactSet Research Systems

In other news, Director James J. Mcgonigle sold 5,410 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the transaction, the director now owns 5,283 shares of the company’s stock, valued at $2,413,432.89. This represents a 50.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Costigan sold 1,622 shares of the firm’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 sale, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,984 shares of company stock valued at $10,981,107 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on FDS. Morgan Stanley increased their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday. Evercore ISI began coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. BMO Capital Markets raised their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company lifted their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $451.85.

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.