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Paychex produced strong financial results, with third-quarter total revenue growth of 8% and adjusted diluted earnings per share growth of 12%. It managed to deliver an all-around beat Revenue for Management Solutions climbed 7% to $1 billion because of new product attachments and auxiliary HR services. The continued high demand for their ERTC service accounted for about 1% of the quarter's revenue growth. With ERTC acting as a tailwind, demand for this product has outperformed the company's est
Companies: PAYCHEX (PAYX:NYSE)Paychex, Inc. (PAYX:NAS)
Baptista Research
Paychex's stock has started seeing the first signs of recovery after the company delivered a good result, outperforming Wall Street expectations in terms of revenues and earnings. The management’s ongoing investments in cutting-edge HR technology puts the company in a unique position to assist small and mid-sized enterprises in navigating a highly complex and dynamic environment. They unveiled Paychex Voice Assist, their most recent invention. This is a logical extension of Paychex's vast, const
Paychex had a strong quarter with growth driven by strong retention and sales. The company delivered an all-around beat surpassing market expectations and there was an increase in total revenue as well as service revenue. Among major updates, the management announced new enhancements that are designed to help employers to better protect worker safety and health, namely compensation summary reports, secure document management, financial wellness services, and Paychex Iris Time Clock. The company
Companies: Paychex, Inc. (PAYX:NAS)Paychex, Inc. (0KGE:LON)
Paychex has reported a good financial result for the last quarter as it continues to view positive trends in its key target markets. The company saw double-digit growth in the innovative annualized revenue over every business line including insurance, payroll, retirement, and HR outsourcing. Paychex’s revenue retention has remained at record levels as it continues to bring more focus on its higher-value clients. The demand for its comprehensive PEO and ASO HR offerings and integrated technology
Paychex reported a solid financial result for the second quarter of fiscal 2022, with revenue from management solutions, PEO, and insurance increasing by double digits year-over-year and adjusted diluted earnings per share increasing by 25%. The company continued its momentum from the first quarter, with positive trends across all business lines. Paychex saw its highest year-over-year growth in new annualized revenue in over five years, as well as a record-high amount of annualized revenue sold
For Paychex Inc, the 2022 fiscal has been off to a strong start with an excellent quarterly result that was well above Wall Street expectations. The company witnessed an increase of 16% in total revenue with double-digit growth in Management Solutions and PEO and Insurance Solutions. Interestingly, despite the general inflationary environment, the company actually saw a decline of 1% in its total expenses while its adjusted Net Income increased by a staggering 42%. The positive macroeconomic tre
Paychex had a better-than-expected quarter and has achieved the price target from our previous report. The company witnessed a strong boost in its HR outsourcing solutions and its overall Management Solutions segment revenue grew by as much as 14%. The management has been expanding its client base and also cross-selling its offerings in order to increase the overall penetration of its suite of solutions. The company’s offerings have gained momentum with the work-from-home culture becoming more a
Companies: PYCT PCX PAYX PYCT 0KGE
Research Tree provides access to ongoing research coverage, media content and regulatory news on Paychex, Inc.. We currently have 69 research reports from 3 professional analysts.
Journeo has confirmed record results for FY23A, in-line with recent upgraded expectations across the board. FY23A revenue increased significantly by 118% to £46.1m (including 20% organic growth) and Adj PBT increased 270% to £4m, representing a near doubling of the Adj PBT margin. Journeo has positioned itself for a period of sustained growth following the transformational Infotec acquisition, the bolt-on MultiQ acquisition and ongoing R&D in the existing business. Journeo looks compelling on an
Companies: Journeo plc
Cavendish
Craneware is the market leader in value cycle SaaS provision in the US with a 40% market penetration and the ambition to become ubiquitous in US hospitals. The shackles of Covid disruption, digestion of the Sentry acquisition, and the transitioning of its customers to the fully cloud based Trisus platform, have fallen away and opened up new sales opportunities for the group. While the shares have out-performed strongly, multiples look reasonable compared with peers. We calculate a DCF based fair
Companies: Craneware plc
Capital Access Group
In 2023, the company delivered strong 13% organic constant currency revenue growth and Adjusted EBITDA in line with expectations, even after including one-off inventory provisions.
Companies: Big Technologies PLC
Zeus Capital
Companies: FOG PEB KBT EMR TIME GETB JNEO
Companies: CML Microsystems Plc
Shore Capital
GetBusy’s FY23 results show organic revenue growth of +10% to £21.1m, FY23 adjusted EBITDA +£0.1m ahead of our +£0.3m upgrade at the January trading update, and a promising outlook that leads us to reiterate our FY24E forecasts. At constant currency, ARR grew +10% yoy to £20.5m, recurring revenue grew +12% to £20.3m, and net revenue retention of 100.0% per month reflects upselling and price increases, with gross monthly churn of 0.8% per month vs 0.9% in FY22. Within SmartVault, the July 2023 la
Companies: GetBusy Plc
Nanoco, the world-leading provider of cadmium-free Quantum Dot technology, has reported positive 1H24 results, and stated that FY24 performance is expected to be in-line with market expectations. We reiterate our FY24E forecasts. Operationally, the company has achieved strong progress over the past six months, and the interims statement includes further progress on the company’s next-generation revenue programmes being implemented post period end. We maintain our 60.2p price target.
Companies: Nanoco Group PLC
Companies: FOG TND BVXP ACC HDD
Broadcast playout automation solutions provider Pebble Beach has reported confident FY23 results to Dec 2023 in line with updated January trading update expectations, and has announced the much-anticipated Project Oceans will launch as PRIMA (Platform for Real-time Integrated Media Applications) in April 2024. This underpins a mid-term 80% recurring revenue ambition and expansion in addressable market. FY23 delivered +11% revenue growth to £12.4m, which benefitted from the unwind of defensive in
Companies: Pebble Beach Systems Group PLC
The trading update confirms revenues in line with our expectations. Excess inventory flow through and market softness in China have impacted CML’s core business, but Microwave Technologies Inc (MwT) is performing ahead of expectations. The net effect, along with MwT acquisition related costs, is that Reported PBT and EBITDA are to be lower than expectations, but not substantially so. The long-term investment case is founded upon the opportunity in next-generation wireless and, with £18m cash and
Progressive Equity Research
Companies: LPA SOLI NANO QTX
Companies: PMG DUKE CMCL BOOM
Companies: Windward Ltd.
Canaccord Genuity
Companies: BILN IGP RBN SBTX
IQGeo’s FY23 results show remarkable organic revenue growth of +64% to £44.5m, FY23 adj EBITDA +2% ahead of our +5% upgrade at the January trading update, and a confident outlook that leads us to conservatively reiterate our FY24E and FY25E forecasts. Excellent execution of the land and expand strategy has scaled organic exit ARR +50% yoy to £21.3m, with record order intake +40% yoy to £57.2m, and net recurring revenue retention increasing to 133% from 108% in FY22. After upgrading by +6% in Jan
Companies: IQGeo Group PLC
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