$PAYX (Paychex, Inc.)

$PAYX {{ '2016-06-30T14:45:04+0000' | timeago}} • Webcast

David Togut of Evercore ISI asks about the anticipated growth in the sales force for FY17 as a whole. $PAYX said in FY16, the company had strong growth on the payroll services side, including mid-market. Overall the the company is going to be in the 2-3% growth range in FY17. $PAYX said it adds selectively to certain sales force.

$PAYX {{ '2017-12-22T15:29:09+0000' | timeago}} • Announcement

$PAYX's expenses increased 7% for 2Q18 with the recently acquired HR Outsourcing contributing about 5% of this growth. Continued investment in technology and growth in the PEO also contributed to the slight up tick in expenses, as the company said it had a good growth expense control in the quarter.

$PAYX {{ '2017-12-21T14:53:42+0000' | timeago}} • Announcement

For FY18, $PAYX affirmed its outlook and continues to expect GAAP EPS to increase in the range of 5-6% and adjusted EPS to increase in the range of 7-8%. Total revenue is expected to grow approx. 6%.

$PAYX {{ '2017-12-21T14:51:27+0000' | timeago}} • Announcement

$PAYX, a provider of payroll and HR services, reported a 7% YoY increase in profit to $217MM or $0.60 per share, for 2Q18. Adjusted earnings for the quarter grew 5% to $0.59 per share. Revenue also increased 7% to $826.5MM from $771.4MM a year ago.

$PAYX {{ '2017-12-21T14:38:45+0000' | timeago}} • Infographic

$PAYX Paychex, Inc. Earnings AlphaGraphic: Q2 2018 Highlights

$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

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