payroll

Although the Federal Deposit Insurance Corporation (FDIC) will sell Silicon Valley Bank's assets and make a portion of its clients' uninsured deposits available as soon as Monday, startups remain uneasy about their future and are hoping that a buyer for the bank emerges...

Paycom Software Inc (NYSE: PAYC) is poised to benefit from the increasing use of technology-driven employee benefit consumption, according to Credit Suisse. The Paycom Software Analyst: Kevin McVeigh initiated coverage of Paycom Software with an Outperform rating and a price target of $425. The...

The ADP jobs report earlier in the week was a bit of a shocker, falling well short of expectations. Given how the ADP report has not been a consistent indicator of how well the private sector performs in the official BLS nonfarm payroll report, it set the tone for lower expectations for today...

Did Goldilocks find the right bed with the July Labor Department’s strong jobs report? Fed Chairman Powell has said in the past that the Fed will need to see solid jobs growth before it starts to taper. Although we won’t know what the Fed might be thinking, this month’s jobs...

Holiday fireworks began early this weekend as the government delivered a blowout employment report Friday. With 850,000 jobs created in June, it’s a solid sign of economic growth continuing as the U.S. reopens. That was up from a revised 583,000 jobs created in May, so the two-month tally of...

The second half is starting right where the first half finished, with slow, plodding upward movement. We’re off to a new quarter and we’ll see if we can make it six in a row after five straight quarters of gains.  Stocks wobbled in overnight trading despite some strength in...

Let’s take a market minute to look at what’s on the minds of traders and investors, and at the top of the list in terms of what could move markets this week. Before we talk about what’s to come, keep an eye on U.S. indices; they remain in a well-defined trend up, trading at or...

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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...

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...

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 $...

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...

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 (...