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Paychex Inc (PAYX.OQ)

PAYX.OQ on NASDAQ Stock Exchange Global Select Market

60.93USD
19 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Paychex Inc Posts Q3 Adjusted Earnings Per Share $0.63
Monday, 26 Mar 2018 

March 26 (Reuters) - Paychex Inc ::PAYCHEX, INC. REPORTS THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.63.Q3 EARNINGS PER SHARE $0.72.Q3 REVENUE $866.5 MILLION VERSUS I/B/E/S VIEW $854.5 MILLION.Q3 EARNINGS PER SHARE VIEW $0.65 -- THOMSON REUTERS I/B/E/S.SEES 2018 TOTAL REVENUE IS EXPECTED TO GROW APPROXIMATELY 7%.SEES 2018 INVESTMENT INCOME, NET IS EXPECTED TO BE APPROXIMATELY $8.0 MILLION.SEES 2018 DILUTED EARNINGS PER SHARE IS EXPECTED TO INCREASE IN RANGE OF 13% TO 14%.SEES 2018 ADJUSTED DILUTED EARNINGS PER SHARE IS EXPECTED TO INCREASE IN RANGE OF 15% TO 16%.FY2018 EARNINGS PER SHARE VIEW $2.53, REVENUE VIEW $3.36 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Paychex Announces Offering Of Netspend's Tip Network For Paying Tipped Employees​
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Paychex Inc ::PAYCHEX INC - ‍ANNOUNCED ITS OFFERING OF NETSPEND'S TIP NETWORK, STREAMLINING PROCESS FOR PAYING TIPPED EMPLOYEES​.  Full Article

Paychex Q2 Adjusted Earnings Per Share $0.59
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Paychex Inc ::PAYCHEX, INC. REPORTS SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.59.Q2 EARNINGS PER SHARE $0.60.Q2 REVENUE $826.5 MILLION VERSUS I/B/E/S VIEW $823.2 MILLION.Q2 EARNINGS PER SHARE VIEW $0.59 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL SERVICE REVENUE ALSO INCREASED 7% TO $812.5 MILLION.- QTRLY PAYROLL SERVICE REVENUE INCREASED 1% TO $444.8 MILLION.- QTRLY HUMAN RESOURCE SERVICES REVENUE INCREASED 15% TO $367.7 MILLION.- GUIDANCE FOR FISCAL 2018 IS UNCHANGED.FY2018 EARNINGS PER SHARE VIEW $2.38 -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $3.35 BILLION -- THOMSON REUTERS I/B/E/S.- FISCAL 2018 GUIDANCE DOES NOT INCLUDE ANY IMPACT FROM TAX REFORM LEGISLATION.PAYCHEX - ANTICIPATE THAT IMPACT OF TAX REFORM LEGISLATION WILL BE A BENEFIT OF 10% TO 12% ON OUR ANNUALIZED EFFECTIVE INCOME TAX RATE FOR FISCAL 2018.  Full Article

Paychex Inc files for potential stock shelf offering ‍​
Wednesday, 18 Oct 2017 

Oct 17 (Reuters) - Paychex Inc ::Paychex Inc files for potential stock shelf offering; size not disclosed ‍​.  Full Article

Paychex Inc reports Q1 earnings of $0.60/shr
Wednesday, 28 Sep 2016 

Paychex Inc : Paychex, Inc. reports first quarter results . Q1 earnings per share $0.60 . Q1 revenue $785.5 million versus I/B/E/S view $782.8 million . Fiscal 2017 guidance for HRS Revenue and Total Service Revenue remains unchanged . Q1 earnings per share view $0.57 -- Thomson Reuters I/B/E/S . Qtrly Human Resource Services revenue increased 15% to $322.6 million . Q1 Total Service Revenue increased 9% to $773.5 million . Q1 Payroll Service Revenue increased 4% to $450.9 million. . Paychex Inc sees fiscal 2017 HRS revenue is anticipated to increase in range of 12% to 14% . 2017 Payroll Service Revenue is anticipated to increase in range of 3% to 4% .Says net income is now expected to increase approximately 7% for FY 2017.  Full Article

Paychex increases quarterly dividend to $0.46 per share and authorizes $350 mln stock repurchase
Thursday, 7 Jul 2016 

Paychex Inc : Paychex increases quarterly dividend and authorizes $350 million stock repurchase . Dividend will go from $0.42 per share to $0.46 per share . Paychex increases quarterly dividend and authorizes $350 million stock repurchase . Directors approved a $0.04 increase in company's regular quarterly dividend, an increase of 10 percent .End date for authorization is may 31, 2019.  Full Article

Paychex Inc reports Q4 earnings per share $0.49
Thursday, 30 Jun 2016 

Paychex Inc : Paychex Inc reports fourth quarter and fiscal 2016 results . Q4 earnings per share $0.49 . Q4 revenue $753.9 million versus I/B/E/S view $751.5 million . Q4 earnings per share view $0.49 -- Thomson Reuters I/B/E/S . Total service revenue also increased 9 pct to $741.6 million for Q4 . Expects FY 2017 total service revenue to grow 7–8 percent . Payroll service revenue increased 5 pct for Q4 . FY 2017 net income is expected to increase approximately 8 pct . Human Resource Services revenue increased 14 pct for Q4 . Expects FY 2017 net income to grow by about 8 percent .For FY 2017 payroll service revenue anticipated to increase approximately 4 pct, HRS revenue anticipated to increase in range of 12 pct to 14 pct.  Full Article

Insperity, Starboard reach agreement on board composition
Thursday, 19 May 2016 

Insperity Inc : Insperity agrees to add two new directors to board . Starboard agrees to support company's nominees at annual meeting . Under terms of agreement, board agreed to appoint John Morphy, who was previously nominated by starboard, as a class III director . In addition, board will promptly commence a search for an additional independent director . Agreement calls for certain changes to composition of standing committees of board . Starboard agreed to vote all its shares in favor of Morphy & Co's incumbent class iii directors, Richard Rawson, president, & Michael Brown . Starboard also agreed to customary standstill provisions under agreement .Insperity and Starboard reach agreement on board composition.  Full Article

BRIEF-Paychex Inc Posts Q3 Adjusted Earnings Per Share $0.63

* Q3 REVENUE $866.5 MILLION VERSUS I/B/E/S VIEW $854.5 MILLION