Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including 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, the company 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, it 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. The company markets and sells its services primarily through its direct sales force. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.
IPO Year: 1983
Exchange: NASDAQ
Website: paychex.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/22/2023 | $132.00 → $123.00 | Outperform → Market Perform | TD Cowen |
| 12/14/2023 | $107.00 → $126.00 | Underweight → Equal Weight | Barclays |
| 11/7/2023 | $120.00 | Neutral | UBS |
| 9/5/2023 | $130.00 | Sector Perform | RBC Capital Mkts |
| 6/2/2023 | $115.00 | Neutral | UBS |
| 4/3/2023 | $119.00 → $105.00 | Neutral → Underperform | BofA Securities |
| 1/17/2023 | $110.00 | Equal Weight → Underweight | Barclays |
| 3/9/2022 | $125.00 | Underperform → Neutral | BofA Securities |
| 1/11/2022 | $130.00 → $145.00 | Market Perform → Outperform | Cowen & Co. |
| 12/23/2021 | $118.00 → $140.00 | Hold | Stifel |
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4 - PAYCHEX INC (0000723531) (Issuer)
4 - PAYCHEX INC (0000723531) (Issuer)
4 - PAYCHEX INC (0000723531) (Issuer)
4 - PAYCHEX INC (0000723531) (Issuer)
4 - PAYCHEX INC (0000723531) (Issuer)
4 - PAYCHEX INC (0000723531) (Issuer)
The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $0.98 per share payable on February 27, 2025 to shareholders of record as of February 7, 2025. About Paychex Paychex, Inc. (NASDAQ:PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves over 745,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. To learn mo
Hourly earnings growth for small business workers remained below three percent for last five months of the year Job growth in U.S. small businesses with fewer than 50 employees averaged modest employment growth throughout 2024, according to the Paychex Small Business Employment Watch. The national jobs index was relatively unchanged (0.02 percentage points) at the close of the year in December and has held its pace since the summer. At 2.96% in December, hourly earnings growth for U.S. small business workers remained below three percent for the fifth consecutive month. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2025010764811
NEW YORK, Jan. 7, 2025 /PRNewswire/ -- Apax Partners LLP ("Apax") today announced that Paycor HCM, Inc. (NASDAQ:PYCR) ("Paycor"), a leading provider of human capital management ("HCM") software, has entered into a definitive agreement with Paychex, Inc. (NASDAQ:PAYX) ("Paychex") to be acquired in an all-cash transaction for $22.50 per share, representing a total enterprise value of $4.1 billion. Funds advised by Apax, together with certain of their affiliates, currently own a majority of Paycor's outstanding common stock. The Apax Funds acquired a majority stake in Paycor in November 2018 for $1.3 billion and took the company public in July 2021. Over the past six years, Apax has partnered
Creates one of the most comprehensive suites of human capital management (HCM) solutions in the industry for organizations of all sizes Extends Paychex's upmarket position and expands suite of AI-driven HR technology and advisory solutions Expected to be neutral to slightly accretive to adjusted diluted EPS in the first fiscal year post-close and accretive in the second fiscal year and beyond1 Paychex, Inc. (NASDAQ:PAYX) ("Paychex"), an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory solutions in human resources, employee benefit solutions, insurance, and payroll today announced it has entered into a definitive agreement to ac
Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has won a silver Brandon Hall Group Excellence in Technology award. Paychex Flex® Perks received a silver award in the "Best Advance in HR or Workforce Management Technology for Small and Medium-Sized Businesses" category, marking the 11th year that the global research and analyst firm has recognized Paychex technology solutions. Launched in August 2024, Paychex Flex Perks is a digital marketplace of employee benefits curated to address the needs of today's diverse, five-generational workforce. Paychex Flex Perks currently fea
Sustained Growth in Revenue and Earnings Returned $810 Million to Stockholders in the First Half of Fiscal 2025 Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today reported results for the fiscal quarter ended November 30, 2024 (the "second quarter"). Results compared with the same period last year were as follows: For the three months ended For the six months ended November 30, November 30, In millions, except per share amounts
Tax policy, AI, and retirement among top challenges for small- and mid-sized organizations Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, today released its annual list of top regulatory issues small- and medium-sized businesses should be watching in 2025. Among them are taxes and tax credits, retirement, paid leave, wage and hour developments, and artificial intelligence and privacy. "With a new administration entering the White House and many new faces in other federal leadership positions starting in January, as well as a breakneck pace of technological innovation acr
Paychex, Inc. (NASDAQ:PAYX) will release financial results for its fiscal 2025 second quarter ended November 30, 2024. Paychex will deliver results via Business Wire before the financial markets open on Thursday, December 19, 2024. The company will host a conference call at 9:30 a.m. ET on Thursday, December 19, 2024, to review the results for the quarter. Participating in this call will be John Gibson, president and CEO, and Bob Schrader, senior vice president and CFO. The conference call will be available online as a live broadcast on the Paychex Investor Relations portal. Listeners should access the site before the live call to ensure proper configuration. After the live call, an on-
Paychex Small Business Employment Watch showed notable hurricane recovery in Southeast region According to the Paychex Small Business Employment Watch, small business job growth across the U.S. remained relatively consistent in November (99.91) and has averaged an index level of 100.25 through 11 months of 2024, representing modest employment growth. Hourly earnings growth (2.97%) and weekly earnings growth (2.84%) for workers stayed below three percent for the fourth and 10th consecutive month, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241203550753/en/According to the Paychex Small Business Employment Watch
Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, announced today a new premium HR Analytics solution that couples real-time data with generative AI Insights capabilities, providing small- and medium-sized businesses with enterprise-level solutions to help drive more strategic and informed decisions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121139647/en/HR Analytics Premium Plus enables businesses to benchmark workforce data against industry and geographic location data to make more informed and effective d
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The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $0.98 per share payable on February 27, 2025 to shareholders of record as of February 7, 2025. About Paychex Paychex, Inc. (NASDAQ:PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves over 745,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. To learn mo
Creates one of the most comprehensive suites of human capital management (HCM) solutions in the industry for organizations of all sizes Extends Paychex's upmarket position and expands suite of AI-driven HR technology and advisory solutions Expected to be neutral to slightly accretive to adjusted diluted EPS in the first fiscal year post-close and accretive in the second fiscal year and beyond1 Paychex, Inc. (NASDAQ:PAYX) ("Paychex"), an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory solutions in human resources, employee benefit solutions, insurance, and payroll today announced it has entered into a definitive agreement to ac
Sustained Growth in Revenue and Earnings Returned $810 Million to Stockholders in the First Half of Fiscal 2025 Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today reported results for the fiscal quarter ended November 30, 2024 (the "second quarter"). Results compared with the same period last year were as follows: For the three months ended For the six months ended November 30, November 30, In millions, except per share amounts
Paychex, Inc. (NASDAQ:PAYX) will release financial results for its fiscal 2025 second quarter ended November 30, 2024. Paychex will deliver results via Business Wire before the financial markets open on Thursday, December 19, 2024. The company will host a conference call at 9:30 a.m. ET on Thursday, December 19, 2024, to review the results for the quarter. Participating in this call will be John Gibson, president and CEO, and Bob Schrader, senior vice president and CFO. The conference call will be available online as a live broadcast on the Paychex Investor Relations portal. Listeners should access the site before the live call to ensure proper configuration. After the live call, an on-
Today the Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $0.98 per share payable on November 27, 2024 to shareholders of record as of November 7, 2024. About Paychex Paychex, Inc. (NASDAQ:PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves over 745,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. To le
Sustained Growth in Revenue and Earnings Returned $457 Million to Stockholders Through Dividends and Share Repurchases Launched Several New Digital Solutions Designed to Help Businesses Succeed Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today reported results for the fiscal quarter ended August 31, 2024 (the "first quarter"). Results compared with the same period last year were as follows: For the three months ended August 31, August 31, In millions, except per share amounts 2024 2023 Change(2) Total revenue $ 1,318.5 $ 1,286.0 3 % Operating inco
Paychex, Inc. (NASDAQ:PAYX) will release financial results for its fiscal 2025 first quarter ended August 31, 2024. Paychex will deliver results via Business Wire before the financial markets open on Tuesday, October 1, 2024. The company will host a conference call at 9:30 a.m. ET on Tuesday, October 1, 2024, to review the results for the quarter. Participating in this call will be John Gibson, president and CEO, and Bob Schrader, senior vice president and CFO. The conference call will be available online as a live broadcast on the Paychex Investor Relations portal. Listeners should access the site before the live call to ensure proper configuration. After the live call, an on-demand webc
Today the Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend of $0.98 per share payable on August 29, 2024 to shareholders of record as of August 8, 2024. About Paychex Paychex, Inc. (NASDAQ:PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves over 745,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. To learn more, visit www.payche
Solid Total Revenue Growth and Operating Margin Expansion Full Year 2024 Diluted EPS Growth of 9%; Adjusted Diluted EPS(1) Growth of 11% Issues Fiscal 2025 Business Outlook Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the fiscal quarter ended May 31, 2024 (the "fourth quarter") and fiscal year ended May 31, 2024 ("fiscal 2024"), as compared to the corresponding prior-year period: Fourth Quarter Fiscal Year In millions, except per share amounts 2024 2023
Paychex, Inc. (NASDAQ:PAYX) will release financial results for its fiscal 2024 fourth quarter and full-year ended May 31, 2024. Paychex will deliver results via Business Wire before the financial markets open on Wednesday, June 26, 2024. The company will host a conference call at 9:30 a.m. ET on Wednesday, June 26, 2024, to review the results for the quarter. Participating in this call will be John Gibson, president and CEO, and Bob Schrader, senior vice president and CFO. The conference call will be available online as a live broadcast on the Paychex Investor Relations portal. Listeners should access the site before the live call to ensure proper configuration. After the live call, an
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Robert L. Schrader, Paychex Vice President of Finance and Investor Relations, to succeed Rivera as CFO effective October 13th Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, announced today that Efrain Rivera, senior vice president and chief financial officer will retire as CFO, effective October 12th, 2023. Rivera will remain as a senior advisor for the remainder of 2023. Robert L. Schrader, currently vice president of Finance and Investor Relations, will be named senior vice president and CFO, effective October 13, 2023. "On behalf of the board of directors, the management team,
Experienced business leader Theresa M. Payton appointed to Paychex Board of Directors ROCHESTER, N.Y., Jan. 24, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that the company's Board of Directors has voted to expand to 12 members from 11 members. The Board has also appointed Theresa M. Payton to fill the new position. Ms. Payton is the founder and CEO of Fortalice Solutions, a firm advising Fortune 150 Boards, C-Suite, and regulators on secured technology innovation and transformation efforts regarding customer delivery and privacy.
ROCHESTER, N.Y., Oct. 14, 2022 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that the company's board of directors has voted to expand from 10 to 11 members. The board has appointed Paychex president and CEO John B. Gibson, Jr. to fill the new position. Gibson is the fourth president and CEO in the 50-year history of Paychex. In addition to his appointment to the board of directors, Gibson will serve on the executive committee of the b
Paychex president and COO John B. Gibson, Jr. to succeed Mucci as CEO Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, announced today that Martin Mucci, chief executive officer and chairman of the board, will retire as CEO, effective October 14th, 2022. Mucci will remain chairman of the company's board of directors. John B. Gibson, Jr., currently president and chief operating officer, will assume the role of president and CEO. "On behalf of the board of directors, the management team, and nearly 16,000 Paychex employees, we want to thank Marty for his tremendous leadership over the
Cloud Software Industry Veteran Michael Haske Succeeds CEO and Co-Founder Olivier Pailhes to Lead Next Chapter of Aircall's Growth Aircall, the business phone system, today announced that Michael Haske will join the company as Chief Executive Officer (CEO) effective September 2, 2022. Haske, previously the President and Chief Operating Officer at Paylocity, will succeed Aircall CEO Olivier Pailhes. Pailhes co-founded Aircall in 2014 and has led the global company to achieve over $1bn valuation and scale to serve more than 13,000 customers in over 100 countries. Pailhes will remain on the board and continue to serve as a strategic advisor to the company. Haske joins Aircall at a pivotal ti
CHICAGO, Aug. 23, 2021 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE:JLL) today announced the appointment of Efrain Rivera as an independent, non-executive member of its Board of Directors effective Oct. 1, 2021. Rivera is currently Senior Vice President, Chief Financial Officer and Treasurer of Paychex, Inc. (NASDAQ:PAYX), a leading provider of integrated human capital management solutions. Previously, Rivera spent 20 years at Bausch & Lomb, a global eye health company, where he held senior management positions, including Corporate Vice President and Chief Financial O
ROCHESTER, N.Y., July 8, 2021 /PRNewswire/ -- Paychex, Inc., the HR software and services company that provides the power of simplicity for increasingly complex workplaces, today announced that the company's Board of Directors has voted to expand to 10 members from 9 members. The Board has appointed Kevin A. Price to fill the new position. Mr. Price is the founder and president of PartsScription™, an innovative ecommerce platform helping national and regional retailers to significantly expand their product and parts capabilities. Mr. Price is an experienced executive and entre
TD Cowen downgraded Paychex from Outperform to Market Perform and set a new price target of $123.00 from $132.00 previously
Barclays upgraded Paychex from Underweight to Equal Weight and set a new price target of $126.00 from $107.00 previously
UBS initiated coverage of Paychex with a rating of Neutral and set a new price target of $120.00
RBC Capital Mkts initiated coverage of Paychex with a rating of Sector Perform and set a new price target of $130.00
UBS initiated coverage of Paychex with a rating of Neutral and set a new price target of $115.00
BofA Securities downgraded Paychex from Neutral to Underperform and set a new price target of $105.00 from $119.00 previously
Barclays downgraded Paychex from Equal Weight to Underweight and set a new price target of $110.00
BofA Securities upgraded Paychex from Underperform to Neutral and set a new price target of $125.00
Cowen & Co. upgraded Paychex from Market Perform to Outperform and set a new price target of $145.00 from $130.00 previously
Stifel reiterated coverage of Paychex with a rating of Hold and set a new price target of $140.00 from $118.00 previously