Paychex (PAYX) Misses Q4 EPS by 1c, Offers Outlook

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Go back to Paychex (PAYX) Misses Q4 EPS by 1c, Offers Outlook

Paychex (PAYX) PT Raised to $70 at Baird Following 4Q

June 28, 2018 9:28 AM EDT

Baird raised its price target on Paychex (NASDAQ: PAYX) to $70.00 (from $67.00) while maintaining a Neutral rating following the company's 4Q. Revenue of $871.1mn was slightly ahead of estimates of $868.0mn. Adjusted EPS of $0.61 compared to consensus estimates of $0.62.

Overall the quarter and outlook... More

Paychex (PAYX) PT Raised to $68 at Deutsche Bank Following 4Q

June 28, 2018 7:27 AM EDT

Deutsche Bank raised its price target on Paychex (NASDAQ: PAYX) to $68.00 (from $62.00) while maintaining a Hold rating following the company's 4Q earnings report. PAYX modestly beat top-line expectations delivering ~9% growth primarily driven by strength in HRS.

Guidance for FY19 including the... More