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Stock impact report

Why Paychex (PAYX) Stock Is Trading Up Today [Yahoo! Finance]

Paychex, Inc. (PAYX) 
Last paychex, inc. earnings: 3/25 08:15 am Check Earnings Report
US:NASDAQ Investor Relations: investor.paychex.com
Company Research Source: Yahoo! Finance
There weren't many resounding positives in these results. Both revenue and EBITDA were roughly in line with expectations. However, free cash flow improved significantly. Taking a closer look at the numbers, sales rose 5% year-on-year, with momentum coming from its core Management Solutions and PEO services, though growth was partly dampened by the end of its Employee Retention Tax Credit program. Guidance for the full year was largely unchanged, though it was important to keep in mind the company's pending acquisition of Paycor, a move that could expand its market reach. Overall, this was a good quarter. Is now the time to buy Paychex? Access our full analysis report here, it's free Paychex's shares are not very volatile and have only had 3 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. Paychex is up Show less Read more
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