The Latest Breaking News from PAYX

With Paychex gearing up to release its first-quarter earnings tomorrow, analysts expect earnings to match the year-ago quarter’s figures.

As Paychex underperformed the broader Dow Jones Industrials Average over the past year, Wall Street analysts remain cautious about the stock’s prospects.

The advancement of robotic process automation (RPA) and widening global workforce collaboration are pointing toward a big change in outsourcing. Against this backdrop, which of the two outsourcing stocks, Cintas Corporation (CTAS) or Paychex, Inc. (PAYX), could generate better returns? Let’s find out….

Paychex (NASDAQ:PAYX) has outperformed the market over the past 15 years by 1.15% on an annualized basis producing an average annual return of 7.31%. Currently, Paychex has a market capitalization of $41.11 billion.

Credit Suisse analyst Kevin Mcveigh maintained Paychex, Inc (NASDAQ:PAYX) with an Outperform and cut the price target from $165 to $140. While his view remains overly bullish, he recognizes that the -4% selloff in the PAYX stock was likely due to macroeconomic uncertainty impacting the relative market amid decelerating growth, mainly due to tougher comparisons.…

If history is any guide, there may be trouble ahead for shares of Paychex (NASDAQ:PAYX). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Paychex, Inc (NASDAQ:PAYX) reported fourth-quarter FY22 revenue growth of 11% year-on-year to $1.14 billion, beating the consensus of $1.11 billion. Total service revenue grew 11% Y/Y to $1.13 billion. Segments: Management Solutions revenue grew 12% Y/Y to $845.3 million. PEO and Insurance Solutions' revenue rose 10% Y/Y to $284.3 million. The operating margin remained…

Within the last quarter, Paychex (NASDAQ:PAYX) has observed the following analyst ratings:

Paychex (NASDAQ:PAYX) has outperformed the market over the past 15 years by 1.18% on an annualized basis producing an average annual return of 7.44%. Currently, Paychex has a market capitalization of $42.59 billion.