FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank grew its stake in FactSet Research Systems Inc. (NYSE:FDS) by 57.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,732 shares of the business services provider’s stock after purchasing an additional 7,552 shares during the quarter. Toronto Dominion Bank’s holdings in FactSet Research Systems were worth $9,957,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FDS. JPMorgan Chase & Co. boosted its holdings in FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock worth $226,867,000 after buying an additional 52,741 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of FactSet Research Systems by 226.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 6,496 shares of the business services provider’s stock valued at $3,120,000 after acquiring an additional 4,507 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of FactSet Research Systems by 24.1% in the fourth quarter. Park Avenue Securities LLC now owns 1,972 shares of the business services provider’s stock valued at $947,000 after acquiring an additional 383 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of FactSet Research Systems in the fourth quarter worth approximately $252,000. Finally, Koshinski Asset Management Inc. increased its position in shares of FactSet Research Systems by 14.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 891 shares of the business services provider’s stock worth $428,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 0.0%

Shares of NYSE FDS opened at $470.34 on Wednesday. The business has a 50-day moving average of $436.46 and a two-hundred day moving average of $458.71. The company has a market capitalization of $17.85 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

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

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a yield of 0.94%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.04. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.29%.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the subject of a number of recent research reports. BMO Capital Markets reduced their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research report on Monday, March 24th. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley reduced their price target on shares of 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. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. Finally, UBS Group reduced their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and an average price target of $436.90.

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.