Latest news with #Paychex
Yahoo
13 hours ago
- Business
- Yahoo
Manhattan Associates (MANH) Reports Earnings Tomorrow: What To Expect
Supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) will be reporting results this Tuesday after market hours. Here's what to look for. Manhattan Associates beat analysts' revenue expectations by 2.3% last quarter, reporting revenues of $262.8 million, up 3.2% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' EBITDA estimates and full-year EPS guidance beating analysts' expectations. Is Manhattan Associates a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Manhattan Associates's revenue to be flat year on year at $263.6 million, slowing from the 14.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.13 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Manhattan Associates has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 3.9% on average. Looking at Manhattan Associates's peers in the software-as-a-service segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Adobe delivered year-on-year revenue growth of 10.6%, beating analysts' expectations by 1.5%, and Paychex reported revenues up 10.2%, falling short of estimates by 1.1%. Adobe traded down 5.3% following the results while Paychex was also down 7.4%. Read our full analysis of Adobe's results here and Paychex's results here. There has been positive sentiment among investors in the software-as-a-service segment, with share prices up 5% on average over the last month. Manhattan Associates is up 4.6% during the same time and is heading into earnings with an average analyst price target of $206.11 (compared to the current share price of $201.50). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
The Guardian
a day ago
- Business
- The Guardian
It's time to rethink how we measure labor in the US
Last week the Wall Street Journal reported that, as a result of the 'tougher environment' in the labor market, companies are 'in control again' and are warning applicants of 'long hours and few boundaries'. At the same time some industries are reporting worker shortages due to Donald Trump's immigration crackdown. And then there's artificial intelligence, which is about to devastate the jobs market – or is about to create new jobs. Amid all this change, what do we really know about the jobs market? Just the other week the Department of Labor said the economy added 147,000 new jobs to the economy. So that seems encouraging? But the official figures are subject to revision – and big ones too. The labor department has said its own numbers were overstated by as much as 818,000 during the first eight months of 2024. The payroll giant ADP is more in line with the some pessimists on Wall Street, saying that the private economy shrank by 33,000 in June. But their competitor, Paychex, reported that small business employment – which represents about half of the country's workers – has continued to 'hold steady' throughout this year. Job openings 'jumped' to a six-month high last month. Does anyone know how the labor market is actually doing? No economist, no government agency, no academic that I know has yet figured out how many Americans are working or not. Why? Because it's not just about jobs anymore. It's about income. The 'jobs' data we read isn't relevant. Last week a report in Fortune introduced us the concept of the 'over-employed'. These are workers – many in the tech industry – that are holding down more than one job at a time, with some making as much as $3,000 per day working for multiple employers. But the over-employed trend goes beyond this. That's because in the same week, new data from the Bureau of Labor Statistics revealed what we already knew: workers working remotely were logging two hours less hours per day than their counterparts coming into the office. So what are they doing with this extra time? Maybe they're watching Netflix. Others were generating more income for themselves doing other things, like starting their own businesses. According to new data from the Census Bureau: almost 460,000 applications were filed for new businesses in June alone, a level almost twice the amount of the monthly average before the pandemic. We all know these 'workers'. Some have multiple full-time jobs. Others have multiple part-time jobs. Many have multiple sources of income. They drive Ubers. They have Etsy shops. They're selling used sneakers on eBay and working late shifts under the table at the local bar. They write programs. They work with data. They do it all! Are we taking all of these people into consideration when analyzing the 'job market?' Some of the 'over-employed' and really just underpaid and need the extra work to make ends meet, unfortunately. According to a new NerdWallet data, nearly two in five Americans are aiming to make more money this year and 10% have started a side business or second job just to cover basic necessities. In this increasingly complicated 'jobs' market perhaps it is time for economists to stop evaluating the labor market in terms of jobs. This is quickly becoming obsolete. We need to measure income. How many people over the age of 18 in the US are earning more than, say $50,000 per year, taking into consideration all sources of income and inflation-adjusted? What percentage is that compared to the working-age population? How has that increased or decreased over time? Isn't this more relevant than the numbers we're getting now? And shouldn't the numbers come from actual, real data and not from an unreliable Department of Labor survey that's revised 10 times after it is initially published? Can't we get this information from tax returns, social security and private sources such as Etsy, Amazon, eBay, ADP and Paychex? Can't this be calculated and updated monthly and annually? Of course it can. Major economic policy decisions still hinge on the unemployment rate and jobs growth. Politicians get re-elected or ejected on this data. But in a job market that's being shaken by AI, immigration and the rapid rise of side gigs, it's time we rethought how we measure the health of the labor market.
The Guardian
a day ago
- Business
- The Guardian
It's time to rethink how we measure labor
Last week the Wall Street Journal reported that, as a result of the 'tougher environment' in the labor market, companies are 'in control again' and are warning applicants of 'long hours and few boundaries'. At the same time some industries are reporting worker shortages due to Donald Trump's immigration crackdown. And then there's artificial intelligence, which is about to devastate the jobs market – or is about to create new jobs. Amid all this change, what do we really know about the jobs market? Just the other week the Department of Labor said the economy added 147,000 new jobs to the economy. So that seems encouraging? But the official figures are subject to revision – and big ones too. The labor department has said its own numbers were overstated by as much as 818,000 during the first eight months of 2024. The payroll giant ADP is more in line with the some pessimists on Wall Street, saying that the private economy shrank by 33,000 in June. But their competitor, Paychex, reported that small business employment – which represents about half of the country's workers – has continued to 'hold steady' throughout this year. Job openings 'jumped' to a six-month high last month. Does anyone know how the labor market is actually doing? No economist, no government agency, no academic that I know has yet figured out how many Americans are working or not. Why? Because it's not just about jobs anymore. It's about income. The 'jobs' data we read isn't relevant. Last week a report in Fortune introduced us the concept of the 'over-employed'. These are workers – many in the tech industry – that are holding down more than one job at a time, with some making as much as $3,000 per day working for multiple employers. But the over-employed trend goes beyond this. That's because in the same week, new data from the Bureau of Labor Statistics revealed what we already knew: workers working remotely were logging two hours less hours per day than their counterparts coming into the office. So what are they doing with this extra time? Maybe they're watching Netflix. Others were generating more income for themselves doing other things, like starting their own businesses. According to new data from the Census Bureau: almost 460,000 applications were filed for new businesses in June alone, a level almost twice the amount of the monthly average before the pandemic. We all know these 'workers'. Some have multiple full-time jobs. Others have multiple part-time jobs. Many have multiple sources of income. They drive Ubers. They have Etsy shops. They're selling used sneakers on eBay and working late shifts under the table at the local bar. They write programs. They work with data. They do it all! Are we taking all of these people into consideration when analyzing the 'job market?' Some of the 'over-employed' and really just underpaid and need the extra work to make ends meet, unfortunately. According to a new NerdWallet data, nearly two in five Americans are aiming to make more money this year and 10% have started a side business or second job just to cover basic necessities. In this increasingly complicated 'jobs' market perhaps it is time for economists to stop evaluating the labor market in terms of jobs. This is quickly becoming obsolete. We need to measure income. How many people over the age of 18 in the US are earning more than, say $50,000 per year, taking into consideration all sources of income and inflation-adjusted? What percentage is that compared to the working-age population? How has that increased or decreased over time? Isn't this more relevant than the numbers we're getting now? And shouldn't the numbers come from actual, real data and not from an unreliable Department of Labor survey that's revised 10 times after it is initially published? Can't we get this information from tax returns, social security and private sources such as Etsy, Amazon, eBay, ADP and Paychex? Can't this be calculated and updated monthly and annually? Of course it can. Major economic policy decisions still hinge on the unemployment rate and jobs growth. Politicians get re-elected or ejected on this data. But in a job market that's being shaken by AI, immigration and the rapid rise of side gigs, it's time we rethought how we measure the health of the labor market.
Business Insider
4 days ago
- Business
- Business Insider
SoFi and Paychex Team Up for Employee Financial Wellness
SoFi (SOFI) and Paychex (PAYX) have announced a partnership to integrate SoFi's financial wellness tools into the Paychex Flex Perks platform. The deal gives employees of small and mid-size companies access to personal finance resources, such as student loan refinancing, personal loans, and financial planning, directly through their payroll portal. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. With SoFi now part of Paychex Flex Perks, employees can choose extra financial benefits through Paychex's online platform and pay for them through payroll deductions at no added cost to their employer. It must be noted that since its launch in 2024, Paychex Flex Perks has already seen over 230,000 employees purchase at least one benefit. The addition of SoFi's services is expected to boost engagement even further, especially as federal student loan payments resume. For SoFi, the partnership expands SoFi's reach to millions of employees across 740,000+ small and mid-sized businesses. Further, Paychex Flex Perks' wide customer base will allow SoFi to benefit from increased loan volume, refinancing activity, and use of its financial planning services. Analyst Ups SoFi's Price Target Truist Financial analyst Matthew Coad has raised his price target for SoFi stock to $20 from $14, while maintaining a Hold rating. The analyst said the overall outlook for the FinTech sector looks solid. He also noted that stablecoins have become a hot topic among FinTech and payments investors recently. Thus, Coad expects that the company's upcoming Q2 earnings call may include discussions on how crypto and stablecoins might affect the industry. Is SOFI Stock a Good Buy? Turning to Wall Street, SOFI stock has a Moderate Buy consensus rating based on six Buys, eight Holds, and three Sells assigned in the last three months. At $16.58, the average SOFI stock price target implies a 24.94% downside potential.
Yahoo
12-07-2025
- Business
- Yahoo
Why Paychex, Inc. (NASDAQ:PAYX) Could Be Worth Watching
Today we're going to take a look at the well-established Paychex, Inc. (NASDAQ:PAYX). The company's stock saw significant share price movement during recent months on the NASDAQGS, rising to highs of US$160 and falling to the lows of US$137. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Paychex's current trading price of US$143 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Paychex's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. According to our valuation model, Paychex seems to be fairly priced at around 0.9% below our intrinsic value, which means if you buy Paychex today, you'd be paying a reasonable price for it. And if you believe the company's true value is $144.53, then there isn't much room for the share price grow beyond what it's currently trading. In addition to this, Paychex has a low beta, which suggests its share price is less volatile than the wider market. View our latest analysis for Paychex Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. With profit expected to grow by 37% over the next couple of years, the future seems bright for Paychex. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? PAYX's optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value? Are you a potential investor? If you've been keeping an eye on PAYX, now may not be the most advantageous time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. While conducting our analysis, we found that Paychex has 1 warning sign and it would be unwise to ignore it. If you are no longer interested in Paychex, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
