Historically, FactSet’s adjusted operating margins have been range-bound in the low to mid-30s. However, as the firm increases scale it has recently pushed margins into the 37% to 38% range.

FactSet Research Systems' chief executive, Phil Snow, is retiring after a decade at the helm, and the financial-data provider has hired JPMorgan Chase veteran Sanoke Viswanathan to succeed him.

The S&P 500 had its best May in 35 years, and when it rises more than 5% in a month, the following 12 months tend to be ...