| 2024-04-24 | +0.74 % |
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| 2024-04-23 | +0.32 % |
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| 2024-04-22 | +1.43 % |
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| 2024-04-19 | +1.47 % |
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| 2024-04-18 | -1.13 % |
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| 2024-04-16 | -1.07 % |
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| 2024-04-15 | -0.45 % |
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| 2024-04-12 | -1 % |
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| 2024-04-09 | +2.21 % |
- The article discusses Nisa Investment Advisors LLC increasing its holdings in Paychex, Inc. by 20.9% in the fourth quarter, driving the stock up by 2.21%, with various other large investors also buying shares in the company, likely influenced by positive quarterly earnings results and a stock buyback program, indicating the company's perceived undervaluation.
- The article discusses the positive trend in Paychex (PAYX) stock, noting a 2.21% increase last night, attributed to the company's strong Return on Capital Employed (ROCE) of 43% and its ability to reinvest profits at appealing rates, potentially making it a multi-bagger stock. The stock's growth is fueled by its consistent high returns and reinvestment strategies, although its high ratio of current liabilities to total assets poses some risks.
- The article highlights that Paychex stock (PAYX) went up by 2.21%, with the main reason being the company's recognition for providing employee programs that address mental health, demonstrating a strong commitment to employee well-being and benefits programs.
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| 2024-04-05 | +1.99 % |
- The article discusses Paychex (PAYX) stock, which rose by 1.99% following an update to its FY 2024 earnings guidance, where the company provided slightly better-than-expected earnings per share and revenue guidance. The stock likely went up due to the positive earnings news and the company's authorized share repurchase plan, indicating that the board believes the stock is undervalued.
- The article mentions that Paychex (PAYX) stock went up by 1.99% last night but does not specifically state the reason for the increase. The stock had its "sector perform" rating restated by Royal Bank of Canada with a price target of $130.00, suggesting a potential upside of 8.34% from the current price, and recent quarterly earnings reported better than expected earnings per share and revenue. Additionally, the company announced a share buyback program, indicating confidence in the stock's value.
- The article discusses an increase in Paychex (PAYX) stock target price to $111, with an "underperform" rating, which led to a 1.99% increase last night; the stock's rise is likely due to positive quarterly earnings results beating estimates, a share buyback plan, and news of insider selling.
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| 2024-04-03 | -1.49 % |
- The article discusses the latest report from the Paychex Small Business Employment Watch showing a slight increase in the Small Business Jobs Index for March, although hourly earnings growth for workers at U.S. companies with fewer than 50 employees has been steadily decelerating. The -1.49% drop in Paychex stock may be attributed to the challenges faced by small businesses and the slow wage growth indicated in the report.
- The article discusses how Morgan Stanley adjusted its outlook on Paychex (PAYX) due to expectations of a near-term drag on earnings from the Employee Retention Tax Credit (ERTC), leading to a 1.49% decline in the stock price, while also highlighting positive macroeconomic commentary and emphasizing the importance of Paychex's execution against its fiscal year 2025 targets for its future performance and growth trajectory.
- The Paychex (PAYX) stock was down by -1.49% last night as the Small Business Jobs Index grew to 100.85 in March, with hourly earnings for workers at U.S. companies with fewer than 50 employees moderating to 3.27% growth year-over-year, reflecting a stable macroeconomic environment; however, headwinds such as a tight job market for qualified workers, reduced access to growth capital, and inflationary pressures impacted small and mid-sized businesses, leading to stock decline.
- The article discusses Paychex (PAYX) stock, which was down 1.49% last night, despite reporting positive financial metrics such as revenue of US$1.44 billion, net income of US$498.6 million, a profit margin of 35%, and an EPS of US$1.39 for the trailing 12-month period. The stock went down likely due to revenue missing analyst estimates by 1.2%, despite EPS being mostly in line with analyst estimates.
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| 2024-04-02 | +0.38 % |
- The article highlights that the Paychex (PAYX) stock was up by 0.38% last night, and the reason for the increase in the stock price is not mentioned explicitly in the provided text.
- Paychex (PAYX) stock rose by 0.38% following a strong performance in the third quarter of fiscal year 2024, driven by a 4% increase in total revenue and a 7% rise in diluted earnings per share, attributed to the company's success in the professional employer organization (PEO) sector, investments in artificial intelligence (AI) and data analytics, resilient strategy for growth, commitment to innovation and client service, leading to a positive outlook and investor confidence in the company's financial robustness and shareholder returns.
- The article highlights that Paychex, Inc.'s stock price was up by 0.38% last night due to the company falling into a buying opportunity for retirement-oriented income investors, despite its Q3 results and guidance having failed to exceed expectations and the stock valuation being high at roughly 25X earnings.
- The article discusses how Paychex (PAYX) stock initially fell as the company posted less revenue for its fiscal third quarter than expected, but last night it went up by 0.38%, potentially due to factors such as market fluctuations, investor sentiment, or broader economic conditions.
- The Paychex (PAYX) stock went up by 0.38% last night, possibly due to the company's positive third-quarter fiscal results, showing growth in total revenue, operating income, and diluted earnings per share, driven by revenue growth acceleration excluding the impact of the Employee Retention Tax Credit ("ERTC") Service, ongoing expense discipline, and the company's commitment to innovation and investment in technology solutions and HR expertise to support clients in a challenging business environment.
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| 2024-04-01 | -0.96 % |
- The summary of the article is: Quent Capital LLC decreased its position in Paychex, Inc. (PAYX) by 10.2% during the 4th quarter, leading to a -0.96% decline in PAYX stock; the stock may have dropped due to institutional investors reducing their stakes, as well as a recent insider selling shares, even though the company has approved a share repurchase plan, paid a dividend, and received various analyst ratings.
- Summary: The article discusses the movement of various stocks in the market, including Paychex (PAYX), which was down by -0.96%. The reason for the overall market decrease is attributed to inflation data, Tesla's price increases, and Federal Reserve Chair Jerome Powell's comments affecting investor sentiment.
Reason for Paychex (PAYX) stock going down: The stock likely went down due to general market conditions influenced by factors such as inflation data and investor reactions to statements made by Federal Reserve Chair Jerome Powell, along with specific company factors affecting the stock's performance.
- Summary: Pinnacle Associates Ltd. reduced its stake in Paychex, Inc. (PAYX) by 1.9% in the fourth quarter, with other hedge funds also adjusting their holdings. The stock went down -0.96% last night, possibly due to institutional investors modifying their positions and potential market sentiments.
Reason for Stock Decline: The decrease in Paychex (PAYX) stock may be attributed to actions taken by institutional investors, such as Pinnacle Associates Ltd. and other hedge funds, as well as potential market sentiment shifts regarding the company's performance.
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| 2024-03-28 | +1.05 % |
- The article discusses how PFG Investments LLC increased its holdings in Paychex, Inc. by 10.9% during the 4th quarter, leading to a 1.05% increase in Paychex (PAYX) stock last night, with reasons for the stock rise attributed to various institutional investors adding to their positions in the company, including acquisitions by Fairfield Bush & CO., Vontobel Holding Ltd., Sei Investments Co., Prudential PLC, and Brighton Jones LLC, alongside positive ratings by brokerages such as Evercore ISI, TD Cowen, Citigroup, Stifel Nicolaus, and Royal Bank of Canada, resulting in an average "Hold" rating with a target price of $122.77.
- The article mentions that Paychex (PAYX) stock was up by 1.05% last night and highlights the BetterInvesting committee's selection of Paychex Inc. as its "Stock to Study" in the June/July 2024 issue, emphasizing the importance of focusing on the fundamentals, like earnings, when analyzing stocks, ultimately leading to the stock's increase in value.
- The article discusses Paychex's (PAYX) stock, which was up 1.05% last night, attributing the increase in anticipation of its upcoming earnings report and a historical pattern of stock running up before selling off post-earnings, potentially creating a buying opportunity after a pullback.
- The article discusses the ongoing search for unstoppable growth stocks, highlighting that Paychex (PAYX) stock was up 1.05% since last night, and the stock's rise is likely driven by its strong fundamentals and exceptional management team.
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| 2024-03-27 | +1.63 % |
- The article discusses how Paychex (PAYX) stock was up by 1.63% following a reaffirmed in-line rating by Evercore ISI, with a $118.00 price target, alongside various other analysts' opinions and ratings on the stock. The stock's increase could be attributed to positive analyst outlook, a strong dividend payment and stock buyback plan, indicating potential undervaluation.
- The article discusses various updates related to the stock market, including a 1.63% increase in Paychex (PAYX) stock. Stock prices can go up due to a surge in domestic markets, a decline in crude oil prices, as well as potential value unlock scenarios and favorable risk-reward situations.
- The article discusses the rise of the U.S. dollar and its impact on various global markets, highlighting the surge in the dollar against the yen, Swiss franc, and Chinese yuan. The stock of Paychex (PAYX) went up by 1.63% last night, likely due to the favorable economic indicators in the U.S., including above-forecast durable goods orders data and steady consumer confidence, which have contributed to a positive outlook for the economy and potentially boosted investor confidence in companies like Paychex.
- The article discusses Johnson & White Wealth Management LLC trimming its position in Paychex, Inc. (NASDAQ:PAYX) by 17.6% in the fourth quarter, and various institutional investors modifying their holdings, resulting in a 1.63% increase in the stock price likely due to these investment activities and positive market sentiment.
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| 2024-03-26 | +0.52 % |
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| 2024-03-25 | -1.56 % |
- The article discusses Premier Path Wealth Partners LLC acquiring a new position in Paychex, Inc. (PAYX) shares, while other institutional investors have also made changes to their positions in the company, and various insider transactions have taken place. Paychex stock went down by -1.56% likely due to a mix of these factors and possibly influenced by analyst ratings.
- The article discusses Paychex (PAYX) stock, which was down by -1.56% last night, as the company is set to post its quarterly earnings results. The stock decline could be attributed to factors such as earnings expectations, market sentiment, company performance, and analyst ratings.
- The summary of the article is that Simon Quick Advisors LLC reduced its stake in Paychex, Inc. (PAYX) by 3.5% during the fourth quarter, leading to a 1.56% decrease in the company's stock price, likely due to selling of shares by different hedge funds, including large sales by company insiders such as VP Mark Anthony Bottini and Director David J. S. Flaschen, as well as analyst reports suggesting a more cautious outlook on the stock.
- The article reports that Paychex (PAYX) stock was down by -1.56% last night, possibly due to a scheduling conflict that led to a change in the date for its earnings conference call.
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| 2024-03-21 | -0.54 % |
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| 2024-03-20 | +1.62 % |
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| 2024-03-18 | +0.22 % |
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| 2024-03-15 | -1.06 % |
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| 2024-03-14 | -0.46 % |
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| 2024-03-13 | -0.42 % |
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| 2024-03-12 | +0.83 % |
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| 2024-03-05 | -1.72 % |
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| 2024-03-04 | +0.09 % |
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| 2024-03-01 | -0.32 % |
- Summary: Synovus Financial Corp increased its position in Paychex, Inc. by 1.4% during the 3rd quarter, while other hedge funds also modified their holdings, yet Paychex stock went down likely due to insider selling and lower price target ratings from various brokerages.
Reason for Paychex (PAYX) Stock Going Down: The stock likely went down due to insider selling transactions, including a significant sale made by VP Mark Anthony Bottini, as well as reduced price targets set by several brokerages like Barclays and JPMorgan Chase & Co., which may have influenced investor sentiment and resulted in the decline.
- Algert Global LLC significantly reduced its position in Paychex, Inc. (PAYX) by 54.4% in the 3rd quarter, leading to a decrease in the stock price; this decrease may be attributed to various hedge funds modifying their holdings, such as Algert Global LLC and other financial institutions, making changes in their investment positions, affecting the stock value.
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| 2024-02-29 | +0.17 % |
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| 2024-02-27 | -0.38 % |
- The article discusses that last night, Paychex (PAYX) stock was down -0.38%, and research firms have given the stock a consensus recommendation of "Reduce," with sell ratings from two analysts and hold ratings from eight analysts, causing the stock to decline.
- The article discusses Parkside Financial Bank & Trust increasing its holdings in Paychex, Inc. (PAYX) and various other institutional investors modifying their holdings of the company. Paychex stock went down possibly due to multiple equities analysts issuing reports lowering price targets on the stock and changing ratings, alongside increased insider selling activities and an overall bearish sentiment in the market.
- The article highlights Paychex (PAYX) being recognized for its training programs, resulting in them being inducted into the Training Hall of Fame, and mentions that the stock was down by -0.38% last night. Paychex's stock could have gone down due to various factors such as market conditions, macroeconomic issues, earnings reports, or investor sentiment towards the company.
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| 2024-02-26 | -1.02 % |
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| 2024-02-20 | +0.9 % |
- The article discusses how Invesco Ltd. and other institutional investors increased their holdings in Paychex, Inc. (PAYX) during the third quarter, leading to a 0.9% increase in the company's stock price, attributed to growing confidence and interest in the business services provider.
- The article reports that Paychex (PAYX) stock was up 0.9% last night, with institutional investors adjusting their positions, and a quarterly dividend was announced with a stock repurchase program, indicating potential undervaluation, as analysts give mixed ratings on the stock; the stock's rise could potentially be influenced by institutional buying or positive investor sentiment following the earnings beat and dividend announcement.
- The article discusses how Fmr LLC reduced its position in Paychex (PAYX) by 3.4% but other institutional investors acquired shares, and the stock increased by 0.9% due to positive earnings results, a dividend payout, and a share repurchase plan showing that the company's management believes the stock is undervalued.
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| 2024-02-16 | +0.48 % |
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| 2024-02-12 | -0.76 % |
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| 2024-02-06 | +1.92 % |
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| 2024-02-05 | -1.54 % |
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| 2024-02-02 | +0.55 % |
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| 2024-02-01 | -0.52 % |
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| 2024-01-31 | -0.56 % |
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| 2024-01-30 | +0.87 % |
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| 2024-01-29 | +0.35 % |
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| 2024-01-25 | -0.72 % |
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| 2024-01-23 | +0.02 % |
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| 2024-01-22 | +0.57 % |
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| 2024-01-19 | +1.43 % |
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| 2024-01-17 | +0.25 % |
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| 2024-01-11 | +0.21 % |
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| 2024-01-04 | +0.86 % |
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| 2024-01-03 | -0.87 % |
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| 2023-12-26 | +0.27 % |
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| 2023-12-21 | -7.01 % |
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| 2023-12-13 | +1.23 % |
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| 2023-12-08 | -0.65 % |
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| 2023-12-06 | +1.12 % |
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| 2023-12-05 | -0.92 % |
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| 2023-12-04 | +0.21 % |
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| 2023-11-29 | +1.31 % |
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| 2023-11-09 | -0.03 % |
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| 2023-11-07 | +0.93 % |
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| 2023-11-01 | -1.97 % |
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| 2023-10-31 | +0.43 % |
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| 2023-10-30 | +0.91 % |
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| 2023-10-27 | -1.95 % |
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| 2023-10-26 | -0.39 % |
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