|Bid||83.62 x 800|
|Ask||83.70 x 900|
|Day's Range||82.70 - 84.27|
|52 Week Range||61.32 - 88.43|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||31.52|
|Earnings Date||Jun 26, 2019|
|Forward Dividend & Yield||2.48 (2.83%)|
|1y Target Est||80.00|
Shares of Paychex Inc. dropped 1.7% in premarket trading Wednesday, after the human resources services provider reported a fiscal fourth-quarter profit that came up short of expectations and provided a downbeat outlook. Net income for the quarter to May 31 rose to $230.4 million, or 64 cents a share, from an adjusted $217.7 million, or 60 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted EPS for the latest quarter rose 9% to 63 cents, below the FactSet consensus of 64 cents. Total revenue grew 16% to $980.4 million, above the FactSet consensus of $979.4 million. Services revenue rose 16% to $958.2 million, just shy of the FactSet consensus of $958.3 million, while interest on funds held for clients increased 25% to $22.2 million to beat expectations of $21.2 million. For fiscal 2020, Paychex expects adjusted EPS growth of 8% to 9%, while the current FactSet consensus of $3.10 implies 9.2% growth of 2019 adjusted EPS of $2.84; revenue is expected to grow 10% to 11%, while current expectations of $4.17 billion implies 10.5% growth. The stock has run up 30% year to date through Tuesday, while the Dow Jones Industrial Average has advanced 14%.
Fourth Quarter and Full Year Fiscal 2019 Highlights
NEW YORK, NY / ACCESSWIRE / June 26, 2019 / Paychex, Inc. (NASDAQ: PAYX ) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on June, 26 2019 at 9:30 AM Eastern ...
It was in June of 1812, with troops numbered at roughly a half million men and probably more under his command, that Napoleon Bonaparte entered Russian territory. Finally, in September, Napoleon occupied Moscow, at this point, a burned out skeleton of a city. It was then -- with the real enemy, the Russian Winter, fast approaching and with no way to supply or properly clothe his massive army -- that Napoleon was forced to attempt a retreat back to Western Europe.
Paychex (NASDAQ: PAYX ) releases its next round of earnings this Wednesday, June 26. Here's Benzinga's essential guide to Paychex's Q4 earnings report. Earnings and Revenue Sell-side analysts expect Paychex's ...
LAS VEGAS, June 24, 2019 /PRNewswire/ -- The 2019 Paychex Pulse of HR Survey, released today, found talent and technology are the two primary factors impacting HR leaders this year. The third annual report from Paychex, Inc., a leading provider of integrated human capital management solutions for payroll, HR, benefits, and insurance services, showed an increased emphasis on improving employee efficiency and experience, as well as driving HR success with technology.
Traders were willing to buoy the market up to April's record highs on Thursday of last week, but no more. The S&P 500 lost 0.13% of its value on Friday, leaving most market participants wondering if the surprisingly bullish June to date is nothing more than a mirage.Source: Allan Ajifo via Wikimedia (Modified)Altria Group (NYSE:MO) was arguably the biggest drag, off 4.5% on doubts that its much-lauded Juul e-cigarette brand would be able to secure the needed approval of the Food and Drug Administration when those products have to get the regulatory agency's green lights. Pot stock Canopy Growth (NYSE:CGC) was the bigger disappointment though. It fell more than 8% after investors had a chance to parse the details of Thursday afternoon's quarterly earnings report. Sales of recreational marijuana fell, sequentially, when they're supposed to continue rising on the wake of recent legalization in Canada.Overstock (NASDAQ:OSTK) did more than its part to keep the market in the black, gaining 15% in response to reports that a couple of potential buyers were mulling the purchase of its e-commerce arm, which is being shed so the company can focus on cryptocurrency.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt just wasn't enough. * 10 Best High-Growth Stocks to Buy for Young Investors Headed into Monday's trading, however, it's the stock charts of AbbVie (NYSE:ABBV), Paychex (NASDAQ:PAYX) and Medtronic (NYSE:MDT) that merit the closest looks. Here's why, and what to look for. AbbVie (ABBV)In late April it was noted that AbbVie was being squeezed into the tip of a converging wedge pattern, formed by a horizontal support line that had been holding up since October, and a falling resistance line that extended back to last May's high. Although the odds favored a bullish outcome despite the trajectory, it was clear that anything could happen. Waiting on one side or the other to flinch was the key.We're still waiting. Although ABBV shares slipped below that key floor a couple of times in the meantime, the floor mostly remains intact. Some new falling resistance lines have since come into play, though the old one marked with a dashed blue line remains part of the equation. Either way, we're getting closer to a decision, if only because there's not much room left to meander between support and resistance. Click to Enlarge * The floor, of course, is still the support area right around $77, marked in yellow on both stock charts, though you could make the case that a slightly declining one has since materialized. It's plotted in red. * It became noteworthy again on Friday just because of the amount of bullish volume that materialized. * While the bulls may be pushing again, it's clear they're struggling just to break above the gray 100-day moving average line that has quelled a couple of rally efforts since early April. Medtronic (MDT)Back in March we looked at Medtronic as it was toying with the idea of a major break above a resistance line around $94, plotted in blue on the daily chart. That didn't happen … at least not right away. As it turns out, MDT would have to peel back one more time and then try again. This month's effort did the job.The speed and distance of that move, however, has also spurred concerns that this usually volatile name is already due for some profit-taking again. When one takes a step back and looks at the longer-term view, however, it's clear there's room for a bit more upside until the upper boundary of a major trading range is encountered again. * 7 Top S&P 500 Stocks of 2019 (So Far) Click to Enlarge * The upper part of the weekly chart's bullish trading range is right around $110, but rising. * On that same weekly chart we see a relatively new bullish MACD crossover in conjunction with a push up and off the lower edge of the long-term trading channel, suggesting this effort's got some "oomph." * In the meantime, last week's high of right around $100, marked with a yellow line, shouldn't be taken lightly. That's more or less where Medtronic shares peaked a couple of times in the last part of last year. Paychex (PAYX)Finally, with nothing more than a quick glance at the Paychex chart, it appears the stock is still in an uptrend, though a slowing one. And, perhaps that benign outcome is what lies ahead. Only time will tell.But, given the sheer scope of the rally since late last year, the slowdown is concerning simply because it may point to an outright reversal into a downtrend. The pump for such a pullback is certainly primed. The good news is, we know exactly where the make-or-break lines are, and what they are. Click to Enlarge * It hasn't come into play yet, but at the current rate of things, it will soon. That is, the purple 50-day moving average line at $84.98 may or may not keep PAYX propped up on its next, impending test as support. * Zooming out to the weekly chart we can see just how unusual the past six months have been. Paychex should have rolled over in March somewhere around $79, at the upper boundary of an established trading range. * We have not yet seen a bearish MACD crossunder in the weekly timeframe, but we're getting closer. That will likely coincide with a break below the 50-day average line.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Telecom Stocks to Set on Speed Dial * 6 Stocks to Sell in the Back Half of 2019 * 7 Top S&P 500 Stocks of 2019 (So Far) Compare Brokers The post 3 Big Stock Charts for Monday: Medtronic, Paychex and AbbVie appeared first on InvestorPlace.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 8 months is one of those periods, as the Russell 2000 […]
Paychex (PAYX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ROCHESTER, N.Y., June 19, 2019 /PRNewswire/ -- Today, 46 states and Washington, D.C., have enacted legislation allowing the consumption of marijuana or Cannabidiol with or without prescriptions. New research from Paychex, Inc., a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services, suggests that more than one-third of business owners with fewer than 500 employees are not yet prepared to manage the impact of legalized marijuana on the workplace.
Is Paychex, Inc. (NASDAQ:PAYX) a good dividend stock? How would you know? Dividend paying companies with growing...
Paychex, Inc. (PAYX) is scheduled to release financial results for the fiscal 2019 fourth quarter and full year ended May 31, 2019 via Business Wire before the financial markets open on Wednesday, June 26, 2019. The Company will host a conference call at 9:30 a.m. ET on Wednesday, June 26, 2019 to review the results for the quarter. Participating in this call will be Martin Mucci, President and CEO, and Efrain Rivera, Senior Vice President, CFO, and Treasurer.
Paychex Inc NASDAQ/NGS:PAYXView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for PAYX with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold PAYX had net inflows of $3.09 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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The Paychex | IHS Markit Small Business Employment Watch shows small business job growth remained consistent; Hourly earnings growth is slightly above the 2018 average ROCHESTER, N.Y. , June 4, 2019 /PRNewswire/ ...
Marty Mucci has been the CEO of Paychex, Inc. (NASDAQ:PAYX) since 2010. This analysis aims first to contrast CEO...
ROCHESTER, N.Y., May 16, 2019 /PRNewswire/ -- Flexibility is the common denominator in the way employees want to work now and the way they expect to work in the future, according to new research released today by Paychex. The report, entitled "The Future of Work is Now: How Shifting Dynamics, Technological Innovation, and Worker Preferences Are Disrupting the Workplace of Today," evaluates the demographic, technological, and behavioral factors that are changing the workplace of today and setting the course for the Future of Work. In the past decade, the generational makeup of the workforce underwent a dramatic evolution that will continue to reshape foundational aspects of American work.
ROCHESTER, N.Y., May 8, 2019 /PRNewswire/ -- NelsonHall, a leading global analyst and research firm, once again identified Paychex as a "Leader" in its latest annual NEAT vendor evaluation report for Payroll, entitled Next Generation Payroll Services. This marks the third year in a row that Paychex, a leading provider of integrated human capital management solutions for payroll, HR, benefits, and insurance services, has placed in the Leader quadrant of the NEAT payroll report. "Paychex has been recognized as a leader for its combined payroll services capability and commitment to innovation in the payroll services space," said Pete Tiliakos, principal HR services analyst for NelsonHall.
Expenses like commuter costs, childcare, and healthcare can be automated to put some cash back in your wallet, and it doesn't cost employers anything. Avi Karnani, CEO and co-founder of Alice Financial, joins Yahoo Finance's Myles Udland, Melody Hahm, and Akiko Fujita to discuss how his startup is helping employees save.