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Last $50.01 USD
Change Today +0.46 / 0.93%
Volume 1.4M
PAYX On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

paychex inc (PAYX) Key Developments

Paychex, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015; Provides Earnings Guidance for the Fiscal Year Ending May 31, 2015

Paychex, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2015. For the quarter, the company reported total revenue of $704.3 million compared to $650.4 million a year ago. Operating income was $264.3 million compared to $250.7 million a year ago. Income before income taxes was $265.9 million compared to $252.2 million a year ago. Net income was $169.4 million or $0.46 per diluted share compared to $160.1 million or $0.44 per diluted share a year ago. The fluctuations in total Revenues were driven by an increase in average investment balances. For the nine months period, the company reported total revenue of $2,047.4 million compared to $1,879.9 million a year ago. Operating income was $802.0 million compared to $754.4 million a year ago. Income before income taxes was $806.4 million compared to $758.4 million a year ago. Net income was $513.7 million or $1.41 per diluted share compared to $481.6 million or $1.31 per diluted share a year ago. Net cash provided by operating activities was $692.8 million compared to $705.8 million a year ago. This decrease resulted from fluctuations in operating assets and liabilities, partially offset by higher net income. Purchases of property and equipment were $72.0 million compared to $62.8 million a year ago. The company provided earnings guidance for the fiscal year ending May 31, 2015. The company expects increase in total service revenue from 8% to 10% and net income from 6% to 8%.

Paychex Mulls Acquisitions

Paychex, Inc. (NasdaqGS:PAYX) is looking for acquisitions. Martin Mucci, President and Chief Executive Officer of Paychex, Inc. said (regarding acquisitions), "Yes, we do. We still see a lot of available. We're looking at more than we probably ever have in the past. Everything is pretty highly valued, so we're going to be very selective as to what we do."

Paychex, Inc. to Report Q3, 2015 Results on Mar 25, 2015

Paychex, Inc. announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Mar 25, 2015

Paychex, Inc., Q3 2015 Earnings Call, Mar 25, 2015

Paychex, Inc., Q3 2015 Earnings Call, Mar 25, 2015

Paychex, Inc. Offers Enhanced Candidate Experience with Latest Release of myStaffingPro

Paychex, Inc. released the newest version (16.2) of its applicant tracking system, myStaffingPro, with new features designed to enhance the candidate experience by reducing data entry, improving completion rates, and providing the ability to create candidate differentiators. The newest release expands the system’s mobile functionality with the ability to submit a resume stored online. Candidates can now complete an entire application on their mobile phone – from entering their contact information, to completing prescreening questions, and submitting a resume. With the newest release of myStaffingPro, candidates can differentiate themselves with a video cover letter. This optional enhancement gives candidates the opportunity to add a prerecorded video cover letter to their resume as a way to stand out from their peers and deliver a personalized pitch for their candidacy. myStaffingPro also reduces the administrative burden of the application process by moving the resume parsing functionality to the beginning of the process. Candidates will now be able to populate their contact information as well as their work history and education details with information in their resume. This feature allows candidates to simply review their information rather than manually entering it in.

 

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Price/Earnings 27.4x
Price/Sales 6.7x
Price/Book 9.6x
Price/Cash Flow 27.3x
TEV/Sales 6.5x
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