$PAYX (Paychex, Inc.)

$PAYX {{ '2016-04-25T16:08:10+0000' | timeago}} • Announcement

$PAYX said it has aligned with LPL Financial to offer Small Market Solution, a solution that helps minimize investment fiduciary risk and provides increased efficiency for advisors and plan sponsors. This joint effort between Paychex Retirement Services and LPL Financial will help advisors and plan sponsors better navigate fiduciary obligations.

$PAYX {{ '2017-10-04T18:40:57+0000' | timeago}} • Webcast

$PAYX said that payroll service revenue is expected in the range of 1-2%, while it expects full-year payroll revenue growth to remain in this range due to the impact of Hurricane Harvey and Irma. The company added that the effects of Hurricane Harvey and Irma are expected to result in growth for 2Q18 that will be at the low-end of this range.

$PAYX {{ '2017-10-03T17:35:59+0000' | timeago}} • Announcement

For FY18, $PAYX expects total revenue to grow about 6%, with HRS revenue expected to increase in the range of 12-14%. Operating income as a percent of total revenue is expected to be in the range of 39-40%.

$PAYX {{ '2017-10-03T17:30:26+0000' | timeago}} • Announcement

Payroll processing services provider $PAYX's 1Q18 profit jumped on bolstered HR services revenue and higher margins. Earnings grew by 4.78% to $227.8MM or $0.63 per share from $217.4MM or $0.60 per share a year earlier. Revenue increased 3.98% to $816.8MM. Excluding items, $PAYX earned $0.62 per share.

$PAYX {{ '2017-10-03T14:23:36+0000' | timeago}} • Infographic

$PAYX Paychex, Inc. Earnings AlphaGraphic: Q1 2018 Highlights

$PAYX {{ '2017-08-21T17:59:51+0000' | timeago}} • Announcement

$PAYX has acquired human resource solutions provider HR Outsourcing Holdings, Inc. and all of its operating subsidiaries. The acquisition expands Paychex’s HR outsourcing business. The 140-odd employees of HR Outsourcing will get an opportunity to join Paychex. The company did not disclose the terms of the transaction.

$PAYX {{ '2017-07-19T19:34:40+0000' | timeago}} • Announcement

$PAYX elected Kara Wilson as a board member, effective immediately. Wilson is chief marketing officer of Rubrik, a player in cloud data management. She succeeds Pamela Joseph, who resigned her position with the BoD earlier this year.

$PAYX {{ '2017-06-28T15:45:11+0000' | timeago}} • Webcast

$PAYX stated that more clients are reaching them through the web as opposed to from a client referral. The company added that it has increased digital spend significantly and also increased virtual sales reps to handle the sales.

$PAYX {{ '2017-06-28T15:02:18+0000' | timeago}} • Webcast

For 1Q18, $PAYX expects total revenue growth to be modestly below the full-year guidance range. Growth in the net income on a GAAP basis is anticipated to be essentially flat with 1Q17. The company recognized a large tax benefit in 1Q17 from the adoption of new accounting guidance related to the employee stock-based comp payments.

$PAYX {{ '2017-06-28T14:39:05+0000' | timeago}} • Webcast

$PAYX stated that the level of job growth in small businesses has declined, while wages increased steadily. A recent survey shows that the changes that would benefit small business clients are job creation, tax reform and healthcare reform. Policy changes in these areas are likely lead to more human capital management outsourcing demand.

$PAYX {{ '2017-06-28T14:23:38+0000' | timeago}} • Webcast

HR solutions provider $PAYX believes the political uncertainty in the past few months impacted outsourcing decision-making in the mid-market. Fiscal 2017 mid-market payroll sales declined from the high level of activity experienced a year ago and this impacted the number and the size of clients sold.

$PAYX {{ '2017-06-28T14:10:10+0000' | timeago}} • Webcast

As of May 31, 2017, $PAYX served about 605,000 total payroll clients, consistent with a year ago. Client growth was impacted by a challenging demand environment compared to last year and a modest decline in retention. Paychex believes to resume client growth in FY18.

$PAYX {{ '2017-06-28T13:28:47+0000' | timeago}} • Infographic

$PAYX Paychex Earnings AlphaGraphic: Q4 2017 Highlights

$PAYX {{ '2017-06-28T13:06:13+0000' | timeago}} • Announcement

In 4Q17, $PAYX' total service revenue rose 6% to $784.6MM, with payroll service revenue inching up 2% and Human Resource Services revenue jumping by 10%.

$PAYX {{ '2017-06-28T12:57:14+0000' | timeago}} • Announcement

$PAYX sees FY18 total revenue, including interest on funds held for clients, to increase approximately 5%. The effective income tax rate is expected to be in the range of 35.5% to 36.0%, with GAAP net income touted to rise 5%and adjusted diluted EPS expected to improve in the range of 7% to 8%.

$PAYX {{ '2017-06-28T12:54:31+0000' | timeago}} • Announcement

With total revenue improving 6% to $798.6MM in 4Q17, $PAYX posted a 10% jump in net income of $195.3MM or $0.54 per diluted share. Total expenses rose by 5% to $499.7MM in the quarter. As of May 31, 2017 cash and total corporate investments were at $777.4MM with no debt.

$PAYX {{ '2017-03-29T16:01:01+0000' | timeago}} • Infographic

$PAYX Paychex Inc. Earnings AlphaGraphics: Q3 2017 highlights

$PAYX {{ '2017-03-29T14:50:11+0000' | timeago}} • Webcast

$PAYX said the Small Business Index showed the company had an improvement in small business job growth over the last three months. On an YoY basis, $PAYX is about flat to last year’s index. This implies there is some job growth but it is fairly flat to last year.

$PAYX {{ '2017-03-29T14:02:47+0000' | timeago}} • Webcast

In 3Q17, $PAYX’s total service revenue grew 6% to $783MM from last year. Expenses increased 4%, impacted by higher wages and related comp expenses due to growth in headcount primarily in the operations area. Operating margin was 38.5% for 3Q17, improving from 37.2% last year.

$PAYX {{ '2017-03-29T13:15:55+0000' | timeago}} • Announcement

$PAYX said interest on funds held for clients rose 11% to $13.2MM in 3Q17, compared to the year-over period. The increase resulted primarily from slightly higher average interest rates earned.

$PAYX {{ '2017-03-29T13:14:20+0000' | timeago}} • Announcement

$PAYX's Payroll Service revenue was $446.6MM in 3Q17, up 2%, primarily driven by growth in revenue per check and client base. Meanwhile, a better client base also helped $PAYX achieve 12% growth in Human Resource Services revenue, which stood at $336MM.

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