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ADP Reports Robust September Private Payroll Data; Will Friday's Non-Farm Payroll Follow Suit?
Wednesday, October 3, 2018 - 11:14amRead More...Economic data released by Automatic Data Processing (NASDAQ: ADP) Wednesday further reinforces the momentum seen in the job market. Strong September ADP's monthly private payrolls data shows that the private sector added 230,000 jobs in September. The consensus had called for a gain...
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Citi: Ceridian Is 'Already Priced' For Its Market Share Potential
Tuesday, May 22, 2018 - 12:58pmRead More...Human resources and payroll company Ceridian HCM Holding Inc (NYSE: CDAY) stands to gain market share, but this isn't enough reason to be a buyer of the stock, according to Citi. The Analyst Citi's Walter Pritchard initiated coverage of Ceridian's stock with a Neutral rating/High risk...
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After 24% Gain By Paychex, BofA Steps To The Sidelines
Tuesday, January 9, 2018 - 4:02pmRead More...Now that shares of Paychex, Inc. (NASDAQ: PAYX) have gained 24 percent in the past five months, one Wall Street firm is dropping its bullish thesis. The Analyst Bank of America Merrill Lynch's Jason Kupferberg downgraded Paychex's stock rating from Buy to Neutral with an unchanged $...
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ADP Vs. Paychex: Bank Of America Changes Its Preference
Tuesday, December 5, 2017 - 1:22pmRead More...Citing the underperformance of Automatic Data Processing (NASDAQ: ADP) relative to Paychex, Inc. (NASDAQ: PAYX) over the past three months, and the prospects for a sharper acceleration in ADP's P&L growth for fiscal year 2018 and beyond, Bank of America Merrill Lynch said it prefers ADP...
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Bill Ackman On How To Improve ADP: 'There Is A Lot Of Hand-Holding'
Wednesday, September 20, 2017 - 12:05pmRead More...Bill Ackman is facing some criticism for his activist campaign against Automatic Data Processing (NASDAQ: ADP) but true to his form, the billionaire isn't backing away from his thesis. Part of Ackman's thesis on ADP stems from the company's spin-off of a company called CDK Global Inc (...
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Unemployment Rate Ticks Higher While Nonfarm Sector Adds More Jobs Than Expected, Private Sector Disappoints
Friday, April 1, 2016 - 10:36amRead More...U.S. equity indices were nearly flat after 90 minutes of trading on Friday as the unemployment rate ticked higher but the nonfarm sector added more jobs than expected. The Dow Jones and Nasdaq indices were higher by 0.11 percent and 0.16 percent, respectively. At the same time, the S&P 500...
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Paychex Posts Inline Q3, Offers FY16 Outlook
Wednesday, March 30, 2016 - 9:10amRead More...Shares of Paychex, Inc. (NASDAQ: PAYX) were trading lower by nearly 4 percent Wednesday morning after the company reported its third-quarter results. Paychex said that it earned $0.50 per share in the third quarter on revenue of $740.7 million. Wall Street analysts were expecting the company to...
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Markets Marginally Lower Ahead Of Friday's Jobs Report
Thursday, December 4, 2014 - 5:00pmRead More...U.S. stocks were slightly lower on Thursday as investors and traders may be sitting on the sidelines ahead of Friday's monthly jobs report. The Dow nearly traded lower by 100-points but rebounded and traded at a new all-time high of 17,937.96 before ending the day almost unchanged. U.S....
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Expectations For The Fed's Next Move
Monday, November 11, 2013 - 10:07amRead More...The algos, or rather the math geeks that program the algos for the likes of Getco, Goldman, Citadel, Renaissance, and a handful of other banks/hedge funds/HFT outfits that can trade at the speed of light, appear to be a bit confused at the moment. On Thursday, the S&P 500 (NYSE: SPY)...
