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Paychex Inc - PAYX STOCK NEWS

Welcome to our dedicated page for Paychex news (Ticker: PAYX), a resource for investors and traders seeking the latest updates and insights on Paychex stock.

Paychex, Inc. (NASDAQ: PAYX) is a prominent provider of integrated human capital management solutions, specializing in payroll, human resources, retirement, and insurance services. Established in 1979, Paychex boasts over 45 years of industry expertise, serving more than 740,000 clients across over 100 locations in the United States. The company’s innovative Software-as-a-Service (SaaS) technology and mobility platform, combined with dedicated personal service, empower small and medium-sized business owners to focus on growth and efficient business management.

Paychex offers a broad spectrum of human capital management (HCM) services, including payroll processing, benefits administration, time and attendance software, human resources outsourcing, and insurance agency services. This extensive range ensures that clients receive comprehensive support tailored to their specific needs.

One of the company’s recent achievements includes recognition by BetterInvesting Magazine as the “Stock to Study” for the June/July 2024 issue, highlighting its solid financial performance and promising investment potential. Paychex continues to prioritize innovation and customer service, maintaining its position as a reliable partner for businesses across the nation.

With a commitment to delivering exceptional value, Paychex effectively pays one out of every 12 private-sector employees in the U.S. This substantial impact on the American workforce underscores the company’s crucial role in the market.

Paychex’s core mission is to simplify complex payroll and HCM tasks, allowing business owners to concentrate on what truly matters: their business growth and success. As the company continues to evolve, it remains dedicated to advancing its technology and enhancing its service offerings to meet the ever-changing needs of its clients.

News

Paychex, Inc. Schedules Third Quarter Fiscal 2024 Earnings Conference Call for March 27, 2024

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Paychex, Inc. (PAYX) will announce its fiscal 2024 third-quarter financial results on February 29, 2024. The company will host a conference call on March 27, 2024, featuring John Gibson and Bob Schrader. Investors can access the live broadcast on the Paychex Investor Relations portal.
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Paychex Names Beaumont Vance as Senior Vice President of Data, Analytics, and AI

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Paychex appoints Beaumont Vance as senior vice president of data, analytics, and AI to drive business performance and customer value through data and AI-driven automation.
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U.S. Small Businesses Continue to Show Moderate Job Growth and Wage Inflation Continues to Moderate

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Paychex Small Business Employment Watch reports a 3.42% year-over-year hourly earnings growth for U.S. workers in February, with a national Small Business Jobs Index of 100.67, indicating steady job growth. However, the index remains below pre-pandemic levels for two consecutive months, with the West region dropping below 100 for the first time since March 2021.
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Paychex Named One of The World’s Most Ethical Companies® by Ethisphere for 16th Time

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Paychex, Inc. has been named one of the 2024 World’s Most Ethical Companies® by Ethisphere for the 16th time. The company's commitment to ethics, compliance, and governance practices has earned it this prestigious recognition.
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39% of Employees Believe Current Level of AI Involvement in HR Processes is Appropriate; 20% Prefer More

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Paychex, Inc. study unveils differing opinions between HR professionals and employees on AI in HR processes. 41% of employees prefer less AI involvement, while 85% of HR professionals find AI beneficial. HR professionals save 7.5 hours weekly with AI, transforming functions like analytics, talent acquisition, and onboarding processes.
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Paychex Ranks Fourth on List of World’s Top Training Organizations

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Paychex, Inc. receives a 2024 Training APEX Award, ranking fourth globally for exceptional training programs. The company's commitment to employee development and innovative training initiatives led to its induction into the Training Hall of Fame.
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Job Gains Continue Among U.S. Small Businesses to Start 2024

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The Paychex Small Business Employment Watch reports 34th consecutive month of job growth for U.S. small businesses. Hourly wage growth for workers remains stable at 3.47%. The South leads regional job growth, with Texas, Tennessee, and Virginia reporting index levels above 102 in January. Education and Health Services lead industries for small business job growth in 2024. The West leads regional hourly earnings growth at 4.03%, while Washington reports the highest hourly earnings growth of 5.17% in January.
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Paychex Declares Quarterly Dividend and Authorizes $400 Million Stock Repurchase

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Paychex, Inc. announced a quarterly dividend of $.89 per share payable February 27, 2024, and the purchase of up to $400 million of its common stock beginning February 1, 2024, authorized by the company’s board of directors. In fiscal 2023, Paychex returned $1.2 billion in dividends, or 75% of net income, to shareholders.
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Paychex Wins 2024 BIG Innovation Award

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Paychex, a leading provider of human capital management software solutions, won the 2024 BIG Innovation Award for the latest digital enhancements to its Paychex Flex Onboarding software. The new enhancements simplify the onboarding process, comply with regulations, and allow new hires to complete critical documentation digitally. According to a Paychex Client Survey, clients reported shortened times for recruiting, screening, tracking, and onboarding employees through Paychex Flex, and 97% of clients stated the importance of an online portal for employee self-service or HR-related tasks.
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Paychex Earns Top Awards In 6 Categories from Sapient Insights Group

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Paychex, a leading provider of human capital management software solutions, has been ranked as a 'Top Five' vendor solution by small and medium businesses in six HR system Voice of the Customer categories in the Sapient Insights Group's 2023-2024 HR Systems Survey. Paychex Flex®, the company’s cloud-based SaaS solution, received high ratings for the quality of vendor relationships and user experience. The survey represents the perspective of over 5,000 respondents and 2,310 unique organizations spanning 54 countries.
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FAQ

What is the current stock price of Paychex (PAYX)?

The current stock price of Paychex (PAYX) is $142.96 as of November 15, 2024.

What is the market cap of Paychex (PAYX)?

The market cap of Paychex (PAYX) is approximately 51.6B.

What services does Paychex Inc. provide?

Paychex offers integrated human capital management solutions, including payroll processing, HR outsourcing, benefits administration, and insurance services.

How many clients does Paychex serve?

Paychex serves over 740,000 clients across more than 100 locations in the United States.

When was Paychex established?

Paychex was established in 1979 and has over 45 years of industry expertise.

What recent recognition did Paychex receive?

Paychex was named the 'Stock to Study' in BetterInvesting Magazine's June/July 2024 issue.

How many U.S. private-sector employees does Paychex pay?

Paychex processes payroll for one out of every 12 U.S. private-sector employees.

What is the mission of Paychex?

Paychex aims to simplify payroll and HCM tasks, allowing business owners to focus on growth and success.

What technology does Paychex use to deliver its services?

Paychex utilizes innovative Software-as-a-Service (SaaS) technology and a mobility platform.

Does Paychex offer services to small businesses?

Yes, Paychex specializes in providing HCM solutions to small and medium-sized businesses.

What industries does Paychex serve?

Paychex serves a wide range of industries, focusing on providing comprehensive HCM solutions and payroll services.

How does Paychex support business growth?

By offering reliable HCM solutions and payroll services, Paychex allows business owners to focus on managing and growing their businesses.

Stock PAYX logo
Paychex Inc

Nasdaq:PAYX

PAYX Rankings

#264 Ranked by Market Cap
#1138 Ranked by Dividends

PAYX Stock Data

51.60B
359.90M
10.7%
79.81%
5.25%
Software - Application
Services-engineering, Accounting, Research, Management
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United States of America
ROCHESTER