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Paychex to Drive Margin Expansion Through AI Efficiency, Revenue Synergies, RBC Says

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Paychex (PAYX) is set to drive margin expansion through artificial intelligence efficiency, costlier new products, and revenue synergies, RBC Capital Markets analysts said in a note emailed Thursday.

Analysts said that in fiscal Q1, Paychex's PEO & Insurance division outperformed expectations, offsetting softer results from its Management Solutions business.

RBC said the company expects its Management Solutions business to accelerate in the second half of the year, driven by

better retention trends, continued price realization and higher sales headcount productivity.

The company expects to monetize artificial intelligence through several channels, including direct revenue from standalone products and higher revenue-per-client metrics, the firm noted.

RBC retained a sector perform rating and a $130 price target on the stock.

Price: $103.29, Change: $-1.21, Percent Change: -1.15%

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Everpure Reaffirms Fiscal 2027 Guidance, Sets 2028 Forecast

Everpure (P) said late Wednesday it reaffirmed its fiscal 2027 adjusted operating income guidance of $940 million to $960 million on revenue of $5.03 billion to $5.07 billion.Analysts polled by FactSet expect $959.8 million and $5.05 billion, respectively.The company also expects fiscal 2028 adjusted operating income of $1.7 billion to $1.9 billion on revenue of $7 billion to $7.3 billion.Analysts expect $1.32 billion and $6.19 billion, respectively.Shares of Everpure rose about 7% during after-hours trading.

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NeoVolta Fiscal Q4 Loss Widens, Revenue Falls; Shares Drop After Hours

NeoVolta (NEOV) reported a fiscal Q4 loss late Wednesday of $0.24 per diluted share, widening from the loss of $0.05 a year earlier.Analysts polled by FactSet expected a loss of $0.09.Revenue in the three months ended June 30 fell to $13,460 from $4.75 million a year earlier.Analysts projected $1.3 million.NeoVolta shares fell 5.4% in after-hours trading.

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Top Cryptocurrencies Fall; Bitcoin Drops Below $85,000 Level

Top cryptocurrencies fell Wednesday, with Bitcoin (BTC-USD) dropping below the $85,000 Level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 3.4% in the past 24 hours. The Nasdaq 100 shed 0.9%, the S&P 500 lost 0.8%, and the Dow Jones Industrial Average declined 0.6%.Bitcoin fell 2% to $84,527, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 9.3% to $46.85 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, declined 2.7% to $2,677.XRP (XRP-USD) lost 5.2%, BNB (BNB-USD) slumped 2.4%, and Solana (SOL-USD) shed 2.9%. Dogecoin (DOGE-USD) dropped 7.3%, and Cardano (ADA-USD) decreased 5.3%.The total market value of the cryptocurrency industry fell 2.3% in the past 24 hours to $2.87 trillion, with trading volume rising 11.2% to $130.57 billion.Price: $84527.49, Change: $-1667.79, Percent Change: -1.93%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD