UPDATE: J.P. Morgan Raises FactSet's PT

According to a research report published today, J.P. Morgan has increased FactSet Research Systems'

PT from $92 to $96. “We are maintaining our Neutral rating on FactSet shares following FQ2,12 results. FactSet reported EPS of $1.02---above consensus' and our $1.00 estimate. Revenues rose 12% (organic), slightly above our estimate. Operating income grew 16% while the margin rose 100bps to 33.7%. FQ3,12 guidance is in line with estimates. Industry trends are improving on the buy-side---management described the marketplace as “a little bit better”. Overall, we thought FQ2's results/metrics (11% ASV growth and a nice lift in clients) were solid in a difficult environment,” J.P. Morgan commented in the report. FactSet closed yesterday at $98.66.