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Stockreport

Paychex's higher quarterly expenses overshadow annual earnings forecast raise [Yahoo! Finance]

Paychex, Inc. (PAYX)  More Company Research Source: Yahoo! Finance
Last paychex, inc. earnings: 3/25 08:15 am Check Earnings Report
US:NASDAQ Investor Relations: investor.paychex.com
Shares of the company were down 2.6% in early ?trading. They have fallen around 18% so far this year. Paychex said its total expenses rose 27% to $985.7 million in the quarter from a year earlier, driven by higher technology ?spending, and costs ?related to the integration of payroll processing firm Paycor. The company operates in a crowded market ?that includes large enterprise vendors such as Automatic Data Processing, Workday and Oracle, putting pressure on pricing and customer acquisition costs. "We ?are seeing a little bit smaller deal sizes," ?Paychex CFO Bob Schrader said on a post-earnings call. The company said that clients are being "very cost-conscious" and are "looking carefully" for value in managing their cost. Paychex has rolled out enhancements to its all-in-one HR management tool Paychex Flex, aimed ?at improving usability for both ?employers and employees. The company now expects ?annual adjusted earnings to grow between 10% and 11%, compared with its pr [Read more]
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Stockreport

Paychex's higher quarterly expenses overshadow annual earnings forecast raise [Yahoo! Finance]

Paychex, Inc.  (PAYX) 
More Company Research Source: Yahoo! Finance
Last paychex, inc. earnings: 3/25 08:15 am Check Earnings Report
US:NASDAQ Investor Relations: investor.paychex.com
Shares of the company were down 2.6% in early ?trading. They have fallen around 18% so far this year. Paychex said its total expenses rose 27% to $985.7 million in the quarter from a year earlier, driven by higher technology ?spending, and costs ?related to the integration of payroll processing firm Paycor. The company operates in a crowded market ?that includes large enterprise vendors such as Automatic Data Processing, Workday and Oracle, putting pressure on pricing and customer acquisition costs. "We ?are seeing a little bit smaller deal sizes," ?Paychex CFO Bob Schrader said on a post-earnings call. The company said that clients are being "very cost-conscious" and are "looking carefully" for value in managing their cost. Paychex has rolled out enhancements to its all-in-one HR management tool Paychex Flex, aimed ?at improving usability for both ?employers and employees. The company now expects ?annual adjusted earnings to grow between 10% and 11%, compared with its pr [Read more]
IMPACT SNAPSHOT
EVENT TIME:
PAYX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS