FactSet Research Systems Inc. (NYSE:FDS) Holdings Reduced by Toronto Dominion Bank

Toronto Dominion Bank lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 30.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp boosted its stake in 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 worth $888,603,000 after buying an additional 42,303 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of 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 acquiring an additional 10,928 shares during the period. Geode Capital Management LLC boosted its position in shares of FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider's stock worth $460,467,000 after acquiring an additional 8,376 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 purchasing an additional 4,113 shares during the period. Finally, Boston Trust Walden Corp increased its position in 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 purchasing an additional 25,294 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insider Transactions at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the sale, the chief executive officer now owns 12,987 shares in the company, valued at $5,910,253.83. This represents a 18.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Costigan sold 1,622 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now directly owns 299 shares of the company's stock, valued at $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,984 shares of company stock valued at $10,981,107. Insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Up 0.0 %

Shares of FactSet Research Systems stock traded up $0.13 during trading hours on Friday, hitting $488.74. 240,563 shares of the company's stock traded hands, compared to its average volume of 259,895. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The company has a market cap of $18.57 billion, a PE ratio of 35.16, a PEG 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. The stock has a 50 day simple moving average of $474.46 and a 200-day simple moving average of $440.52.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts' consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. FactSet Research Systems's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.93 EPS. Equities research analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems's dividend payout ratio is currently 29.93%.

Analyst Ratings Changes

A number of equities analysts have weighed in on FDS shares. Redburn Atlantic lowered shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and decreased their price target for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Wells Fargo & Company boosted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a research report on Friday, September 20th. BMO Capital Markets raised their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the stock a "market perform" rating in a report on Friday, November 15th. UBS Group boosted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. Finally, Morgan Stanley raised their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a report on Thursday. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of "Hold" and a consensus price target 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.