| 2024-11-12 | -0.49 % |
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| 2024-11-07 | -1.37 % |
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| 2024-11-06 | +6.32 % |
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| 2024-11-05 | +0.06 % |
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| 2024-11-01 | -0.17 % |
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| 2024-10-31 | -1.46 % |
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| 2024-10-30 | -0.34 % |
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| 2024-10-29 | +1.14 % |
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| 2024-10-28 | -0.04 % |
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| 2024-10-25 | -0.95 % |
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| 2024-10-24 | +0.18 % |
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| 2024-10-23 | +0.06 % |
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| 2024-10-22 | +0.18 % |
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| 2024-10-21 | -0.31 % |
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| 2024-10-18 | -0.56 % |
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| 2024-10-17 | +0.03 % |
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| 2024-10-16 | -0.01 % |
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| 2024-10-15 | -0.04 % |
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| 2024-10-14 | +2.49 % |
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| 2024-10-11 | -0.29 % |
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| 2024-10-10 | -0.39 % |
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| 2024-10-09 | +1.22 % |
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| 2024-10-08 | +0.52 % |
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| 2024-10-07 | -0.87 % |
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| 2024-10-04 | -0.51 % |
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| 2024-10-03 | -0.99 % |
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| 2024-10-02 | -0.02 % |
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| 2024-10-01 | +4.92 % |
- Paychex (PAYX) stock rose 4.92% to an all-time high after the company reported better-than-expected fiscal Q1 earnings and revenue, driven by growth in its client base and segments such as its Professional Employer Organization (PEO) and Insurance Solutions unit.
The stock's increase is attributed to strong financial performance, surpassing analyst expectations, and the introduction of new AI-driven products to enhance client operations, even amidst challenges like the expiration of the Employee Retention Tax Credit program.
- Paychex (PAYX) stock rose by 4.92% due to positive investor sentiment amid overall market fluctuations, driven by its strong performance and potential investor confidence in its growth prospects.
- Paychex (PAYX) stock rose 4.92% following the company's better-than-expected fiscal first-quarter sales and profits, driven by an expanded client base, effective cost controls, and new AI products.
The increase in stock price was primarily due to these strong financial results and positive growth initiatives reported by the company.
- Paychex, Inc. (NASDAQ: PAYX) reached a new 52-week high, closing at $133.02 after a 4.92% increase in trading volume likely driven by positive analyst sentiment and market demand.
- Paychex, Inc. (PAYX) stock rose 4.92% following its fiscal first quarter results, which showed a 3% year-over-year sales growth to $1.32 billion and an adjusted EPS of $1.16 that exceeded analyst expectations.
- Paychex (PAYX) stock rose 4.92% following the company's fiscal first quarter results, which demonstrated steady sales growth, increased client numbers, and better-than-expected adjusted EPS, suggesting resilience in small and mid-sized businesses as the labor market stabilizes.
- Paychex, Inc. (PAYX) stock rose 4.92% following the company’s fiscal first-quarter results, where it reported a 3% year-over-year sales growth to $1.32 billion and an adjusted EPS of $1.16, which exceeded analyst expectations, reflecting strong performance in its Management Solutions and Professional Employer Organization segments.
- Paychex (PAYX) stock surged 4.92% to an all-time high after the company reported better-than-expected first-quarter earnings and sales, attributed to an expanding client base and strong expense management. The stock rise was driven by increased revenue, particularly in its Professional Employer Organization and Insurance Solutions segments, despite facing challenges from the expiration of the Employee Retention Tax Credit.
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| 2024-09-30 | +0.9 % |
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| 2024-09-27 | |
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| 2024-09-25 | -0.88 % |
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| 2024-09-24 | -0.32 % |
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| 2024-09-23 | +0.6 % |
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| 2024-08-06 | +0.42 % |
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| 2024-08-02 | +0.62 % |
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| 2024-08-01 | -1.2 % |
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| 2024-07-31 | +0.08 % |
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| 2024-07-25 | +0.6 % |
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| 2024-07-19 | -1.26 % |
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| 2024-07-16 | +2.18 % |
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| 2024-07-12 | +1.06 % |
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| 2024-07-01 | -1.32 % |
- The article discusses Paychex, Inc. (PAYX) stock, which was down by -1.32% last night as equity research analysts at William Blair raised their Q3 2025 EPS estimates for the company, leading to positive financial forecasts; although Paychex's stock declined, this could be due to several factors, such as the company's current valuation, market conditions, investor sentiment, or general economic trends.
- The article discusses the decrease in Paychex, Inc. (PAYX) stock by -1.32% last night, with an institutional investor reducing its position in the company during the first quarter, along with various other hedge funds altering their stakes. The decrease in stock price could be attributed to analysts lowering price objectives, including an "equal weight" rating from Morgan Stanley, a "hold" rating by TD Cowen, and an "underperform" rating by Bank of America, resulting in a consensus rating of "Hold" and an average target price of $122.62.
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| 2024-06-27 | +0.38 % |
- Summary: Despite concerns about growth prospects and challenges in the market, Paychex (PAYX) stock was 0.38% up, with maintaining a Hold rating by TD Cowen, emphasizing the need for the company to demonstrate stronger growth trajectory for fiscal year 2025.
Reason for stock going up: The stock of Paychex (PAYX) went up due to positive performance in the fourth quarter of 2024, reporting an increase in total revenue and adjusted diluted earnings per share, and the company's focus on revenue retention, HR advancements, retirement services, and AI initiatives, as well as anticipation for revenue and earnings growth for fiscal year 2025.
- The article discusses Baird adjusting its outlook on Paychex (PAYX) stock following the company's fourth fiscal quarter earnings report and recent developments, with analysts noting a mixed macroeconomic environment, management's cost optimization initiatives, and the company's strong financial standing. The stock went up by 0.38% last night despite Baird's lowered price target and Neutral rating, likely due to Paychex's strategic focus on margin expansion, technology, and shareholder returns, as well as the positive outlook for fiscal year 2025 revenue growth.
- Paychex (PAYX) stock was up 0.38% on Thursday, as BofA Securities increased the price target to $113 from $111 while maintaining an Underperform rating due to challenges faced by small and medium-sized businesses, such as labor market constraints and access to capital. The stock goes up as investors closely monitor Paychex's financial health and market valuation post-ERTC landscape, despite concerns about its premium valuation and P/E ratio, with a focus on dividend growth and stable cash flows providing some reassurance to income-focused investors.
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| 2024-06-26 | -6.11 % |
- The article discusses how Paychex, Inc (NASDAQ:PAYX) reported mixed fiscal fourth quarter results, with revenue growth and adjusted EPS beating analyst estimates, but a lower contribution from the Employee Retention Tax Credit (ERTC) Service. The company expects revenue and EPS growth for fiscal 2025, yet the stock slid by -6.11% likely due to the challenging operating environment for small and mid-size businesses, complex regulations, tight labor market, and inflationary pressures in the market as highlighted by the CEO.
- The article reports that Paychex (PAYX) stock saw a -6.11% decrease after the company beat analyst estimates for earnings per share but missed revenue expectations for the fourth quarter of 2024. The stock may have gone down due to the revenue miss despite the positive earnings per share results.
- Summary: The article discusses Paychex's impressive Return on Capital Employed (ROCE) of 43%, indicating a great business model and reinvestment opportunities, leading the stock's return of 73% to shareholders over the last five years, suggesting the potential of being a multi-bagger; however, the stock showed a -6.11% decline last night. One of the possible reasons for the stock's downward movement could be its high current liabilities to total assets ratio of 61%, raising concerns about reliance on short-term creditors.
Reason for Paychex (PAYX) stock going down: While the overall positive underlying trends and high returns on capital may have previously boosted the stock, the recent decline could also be influenced by investors reacting to the high current liabilities to total assets ratio of 61%, signaling a reliance on short-term creditors.
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| 2024-06-25 | -0.83 % |
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| 2024-06-14 | -0.55 % |
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| 2024-06-13 | -0.12 % |
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| 2024-06-10 | -0.52 % |
- Summary: Core Wealth Advisors Inc. acquired new stake in Paychex, Inc. (PAYX) with 381 shares valued at $45,000, and other institutional investors also modified their holdings, leading to a 0.52% decrease in PAYX stock, possibly influenced by director selling shares and analysts' varied ratings and target prices.
Reason for Paychex (PAYX) stock going down: The decrease in Paychex stock could be due to a combination of factors such as director selling shares, recent analyst reports adjusting target prices, and varied ratings by analysts on the stock.
- The article discusses how CenterBook Partners LP decreased its stake in Paychex, Inc. by 69.0%, subsequently impacting the stock, which was down by -0.52% last night; one reason for this decline could be attributed to institutional investors making changes to their positions in the company, with various funds reducing their holdings in Paychex.
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| 2024-06-07 | +0.62 % |
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| 2024-06-04 | +1.18 % |
- The article discusses Paychex (PAYX) stock and its recent increase by 1.18%, attributing the rise to the company's high Return on Equity (ROE) of 44%, which indicates the efficiency in generating returns on shareholder investments, as well as its stable net income growth, dividend payouts, and positive analyst forecasts for future earnings growth.
- The article discusses the recent decline in valuation of Paycom, a competitor of Paychex, due to a slowdown in growth attributed to product launch issues and leadership dynamics, causing Paycom's stock market status to shift abruptly from a "star" to a pariah. Last night, Paychex (PAYX) stock was up by 1.18%, possibly indicating a positive response by investors to Paychex's relative stability and performance compared to its competitors.
- Summary: Paychex (PAYX) stock rose by 1.18% last night mainly due to the positive trend in the company's Small Business Jobs Index, which increased by 0.46 percentage points in May, reflecting stabilized job growth and increased weekly hours worked for employees.
Reason for Paychex (PAYX) stock rise: The stock went up because the Small Business Employment Watch reported a significant increase in the Small Business Jobs Index in May, reflecting stability in job growth and a rise in weekly earnings due to increased hours worked by employees in U.S. small businesses.
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| 2024-05-31 | +1.48 % |
- The article discusses the recent 1.48% increase in Paychex, Inc. (PAYX) stock, with Steward Partners Investment Advisory LLC reducing its position in the company in the 4th quarter, which may have contributed to the rise, alongside increased investments by other hedge funds, positive quarterly earnings results, and an increase in the quarterly dividend payment, all pointing towards positive investor sentiment and financial performance, driving the stock up.
- Summary: Paychex (PAYX) stock was up by 1.48% last night and currently trades at $118 per share, showing potential for gains with a stable job market, improved operating metrics, and strong Q3 FY’24 results. The stock has shown strong gains over the years but underperformed the S&P 500 in 2023, facing uncertainty due to high oil prices and elevated interest rates.
Reason for PAYX stock going up: The article discusses how Paychex stock has benefited from stable job market conditions, improving operating metrics, and stronger-than-expected Q3 FY’24 results, leading to a recent increase in its value.
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| 2024-05-23 | -1.04 % |
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