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Stock Market & Financial Investment News

News Breaks
July 2, 2014
10:31 EDTPAYXPaychex trades lower after results, levels to watch
The company reported Q4 earnings of 40 cents, which met consensus, on slightly lower than expected revenue. The stock has traded down in response, last at $40.92. The shares in the last several months have consistently bounced off support at the $40.40 area, with that level being tested 5 times in that period on a closing basis. A breakdown below that area, and more notably $40, would therefore be bearish for price. Next support in that case would be at $39.80 and then at $39.61.
News For PAYX From The Last 14 Days
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September 25, 2014
08:39 EDTPAYXGoldman says to buy Paychex following the solid quarter
Goldman said to buy Paychex following the solid quarter and notes payroll services revenues accelerated, double digit HR services growth, and positive momentum in new unit sales. The firm believes market concerns regarding increasing competition from cloud vendors is overdone and recommends buying shares for further acceleration. Shares are Conviction Buy rated with a $50 price target.
September 24, 2014
08:35 EDTPAYXPaychex sees FY15 payroll services revenue 3%-5%
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08:32 EDTPAYXPaychex reports Q1 Human Resources Services revenue $234.8M
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08:31 EDTPAYXPaychex reports Q1 EPS 47c, consensus 46c
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September 23, 2014
15:27 EDTPAYXNotable companies reporting before tomorrow's open
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14:46 EDTPAYXPaychex technical remarks before earnings
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