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Paychex Inc. - PAYX STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Paychex's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Paychex's position in the market.

News
39% of Employees Believe Current Level of AI Involvement in HR Processes is Appropriate; 20% Prefer More
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
AI
-
News
Paychex Ranks Fourth on List of World’s Top Training Organizations
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
none
-
News
Job Gains Continue Among U.S. Small Businesses to Start 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
none
News
Paychex Declares Quarterly Dividend and Authorizes $400 Million Stock Repurchase
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
Tags
buyback dividends
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News
Paychex Wins 2024 BIG Innovation Award
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
none
-
News
Paychex Earns Top Awards In 6 Categories from Sapient Insights Group
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
none
News
U.S. Small Business Job Growth Continues as Wage Inflation Moderates to Close 2023
Rhea-AI Summary
Paychex (PAYX) reports that U.S. small businesses experienced job growth for all of 2023, with the Small Business Jobs Index closing the year at 101.21 (1.2% growth). Hourly earnings growth for U.S. workers in December was down from 4.93% in December 2022 to 3.48% in December 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
Tags
none
-
News
Paychex, Inc. Reports Second Quarter and Mid-year Fiscal 2024 Results
Rhea-AI Summary
Paychex, Inc. (PAYX) reports 6% revenue growth and 9-10% increase in diluted earnings per share for the second quarter of fiscal 2024. The company's financial position remains strong with $1.4 billion in cash and investments. The business outlook for fiscal 2024 includes anticipated growth in PEO and Insurance Solutions revenue and adjusted diluted earnings per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.01%
Tags
earnings
-
News
Paychex, Inc. Schedules Second Quarter Fiscal 2024 Earnings Conference Call for December 21, 2023
Rhea-AI Summary
Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 second quarter ended November 30, 2023. The Company will host a conference call at 9:30 a.m. ET on Thursday, December 21, 2023, 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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
earnings
News
Paychex Identifies Top 5 Regulatory Issues for Employers to Watch in 2024
Rhea-AI Summary
Paychex, a leading provider of human capital management software solutions, released the top five regulatory and compliance-related topics employers should monitor in 2024. The topics include AI regulations, data privacy, wage and hour laws, workplace safety, and retirement legislation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.12%
Tags
none
Stock PAYX logo
Paychex Inc.

Nasdaq:PAYX

PAYX Rankings

#280 Ranked by Market Cap
#2491 Ranked by Stock Gains
#1137 Ranked by Dividends

PAYX Stock Data

44.28B
321.06M
10.81%
76.87%
3.1%
Payroll Services
Professional, Scientific, and Technical Services
Link
US
Rochester

About PAYX

paychex, inc. (nasdaq: payx) is a leading provider of integrated human capital management solutions for payroll, hr, retirement, and insurance services. by combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. backed by 45 years of industry expertise, paychex serves approximately 605,000 payroll clients across more than 100 locations and pays one out of every 12 american private sector employees.