By late afternoon, shares had added 9.6% to $114.53. Trading volume of 1.2 million was more than triple its three-month daily average.
The information and analytics provider reported net income of $1.22 a share in the three months to February, a penny higher than analysts surveyed by Thomson Reuters had forecast.
Revenue of $226.9 million was 6.5% higher year over year and beat expectations by $570,000.
Must Read: Warren Buffett's 10 Favorite Stocks
TheStreet Ratings team rates FACTSET RESEARCH SYSTEMS INC as a Buy with a ratings score of B. The team has this to say about their recommendation:
"We rate FACTSET RESEARCH SYSTEMS INC (FDS) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, growth in earnings per share and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."
Highlights from the analysis by TheStreet Ratings Team goes as follows: