Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
26 August 1983Website:
http://www.paychex.comNext earnings report:
20 December 2024Last dividends:
08 August 2024Next dividends:
07 November 2024Price
pre-market | 81 min agoAnalysts recommendations
Institutional Ownership
PAYX Latest News
Paychex Inc. has a remarkable track record, achieving a compound annual growth rate (CAGR) of 19% since it started. The company shows consistent revenue growth, maintains high gross profit margins, and has a better return on invested capital (ROIC). Additionally, Paychex offers a quarterly dividend, has a strong history of raising dividends, and maintains a safe payout ratio.
Paychex's earnings for the first quarter showed a small increase in revenue and earnings per share, but this isn't enough to change my hold rating because there are no major drivers for growth. The end of the ERTC program affected revenue growth and profit margins, yet the company is still in a strong financial position with a lot of cash. While new products like Paychex Flex Engage and an AI recruiting tool demonstrate innovation, it's difficult to measure their effect on sales.
Paychex (PAYX) reached a record high on Tuesday after the human resources services company announced results that exceeded expectations and revealed growth in its client base.
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--The Paychex Small Business Employment Watch for September indicates that the national jobs index for U.S. small businesses with under 50 employees decreased slightly to 99.84, but has averaged 100.31 in 2024, showing some job growth. In September, hourly earnings increased by 3.01%, although the three-month annualized growth in hourly earnings has stayed below three percent for the last five months. “Our m.
In the first quarter of fiscal 2025, PAYX's revenue increased due to the growth of its PEO and Insurance Solutions.
The main figures for Paychex (PAYX) provide an overview of the company's performance for the quarter that ended in August 2024. However, it could be useful to look at some important metrics in relation to Wall Street predictions and last year's results.
Paychex, Inc. (NASDAQ:PAYX) will hold its Q1 2025 Earnings Conference Call on October 1, 2024, at 9:30 AM ET. The call will feature company leaders John Gibson, the President and CEO, and Bob Schrader, the Chief Financial Officer. Various analysts from firms like Baird, Citigroup, and UBS will also participate in the discussion.
It is expected that the increase in PEO and insurance services, along with higher interest on clients' funds, will positively impact PAYX's revenues for the first quarter of fiscal 2025.
Assess the anticipated performance of Paychex (PAYX) for the quarter that ended in August 2024. Instead of just focusing on the usual Wall Street revenue and profit predictions, let's take a closer look at some important metrics for a deeper understanding.
Paychex (PAYX) lacks the right mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.
What type of business is Paychex?
Paychex, Inc., together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including integrated HCM technology solutions and HR advisory services through both virtual and on-site availability of a professionally trained HR representative, as well as HR support to non-payroll clients through its HR Partner Plus solution; and retirement services administration, such as plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.
What sector is Paychex in?
Paychex is in the Technology sector
What industry is Paychex in?
Paychex is in the Software Application industry
What country is Paychex from?
Paychex is headquartered in United States
When did Paychex go public?
Paychex initial public offering (IPO) was on 26 August 1983
What is Paychex website?
https://www.paychex.com
Is Paychex in the S&P 500?
Yes, Paychex is included in the S&P 500 index
Is Paychex in the NASDAQ 100?
Yes, Paychex is included in the NASDAQ 100 index
Is Paychex in the Dow Jones?
No, Paychex is not included in the Dow Jones index
When was Paychex the previous earnings report?
No data
When does Paychex earnings report?
The next expected earnings date for Paychex is 20 December 2024