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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
Wage Growth for Workers of U.S. Small Businesses Continues Downward Trend; Job Growth Remains Stable
Rhea-AI Summary
Paychex, Inc. (PAYX) reports that the rate of hourly earnings growth for U.S. small business workers has slowed to 3.48% in November, falling below 3.50% for the first time since July 2021. Hiring at small businesses remains stable but continues to slow from the rate of growth seen at the start of 2023. The South leads the pace of small business job growth among regions for the 20th consecutive month, while the Northeast ranks last among regions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.92%
Tags
none
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News
Paychex Study: SMB Leaders to Manage HR and Business Challenges with New Technology in 2024
Rhea-AI Summary
Paychex, a leading provider of human capital management software solutions, shared the results of the annual Priorities for Business Leaders survey. The survey of 600 U.S. business and HR leaders with 5-500 employees revealed that nearly all (98%) will use AI in 2024 to solve business challenges. The top business challenges identified include rising interest rates, overall inflation, and the threat of an economic slowdown. Additionally, the top HR challenges for organizations are risk management, leadership development, and attracting talent. 85% of respondents are already using AI, with 98% expecting to use it in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.53%
Tags
none
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News
Paychex Named a Leader in Payroll Services by NelsonHall
Rhea-AI Summary
Paychex Inc. (PAYX) recognized as a Leader in Digital Payroll and Payroll Plus for extended HR services by NelsonHall, a global analyst and research firm. Paychex Flex® is positioned in the upper right quadrant of the NEAT graph for the 7th consecutive time. The report evaluated 15 payroll services vendors based on immediate client benefits and future requirements, with Paychex ranked highly in the 'Leader' category for both criteria. Liz Rennie, NelsonHall’s HR technology & services research director, praised Paychex for its responsive customer service and robust payroll technology, highlighting its payroll insights, accuracy, and positive employee experiences. The company's continuous focus on anticipating business challenges and delivering innovative technology was also emphasized.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
Tags
none
News
Small Business Wage Growth Continues Downward Trend, While Job Growth Remains Stable
Rhea-AI Summary
Job growth in the U.S. remains moderate but is growing at a slower rate than a year ago, with small business job growth slowing by 0.66% from a year ago. Hourly earnings growth is below four percent for the fourth-straight month, and one-month annualized hourly earnings fell to the lowest level since November 2020.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
none
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News
Paychex Supports RISE Act to Help Micro-Businesses Offer Employee Retirement Plans
Rhea-AI Summary
Rep. Tenney (R-NY) and Rep. Kildee (D-MI) have introduced bipartisan legislation called the Retirement Investment in Small Employers (RISE) Act, which aims to incentivize micro-sized businesses with 1-9 employees to adopt retirement plans. The legislation would increase the minimum allowable tax credit from $500 to $2,500 for businesses to establish a defined contribution plan and require employers to offer the Saver's Match to receive the tax credit. Paychex, Inc. supports the passage of this legislation, which would provide smaller businesses with incentives similar to those received by larger businesses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
none
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News
Paychex Declares Quarterly Dividend
Rhea-AI Summary
Paychex, Inc. declares quarterly dividend of $.89 per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
dividends
News
Hourly Wage Growth for Small Business Workers Continues to Cool, Consistent with Overall Inflation Trend
Rhea-AI Summary
Hourly earnings growth has slowed to 3.79% in September 2023, a pace not seen since September 2021. Small business job growth rate has decreased by -0.21% from August. Wage inflation continues to cool. Small businesses are adding workers at a sustained but modest rate. The West leads regional hourly earnings growth at 4.23%. North Carolina ranks first in small business employment growth among states. Leisure and Hospitality job growth is slower than the national pace, but the sector leads in hourly earnings growth at 4.35%. Manufacturing fell by -0.25% in September. Construction ranks second in hourly earnings growth at 4.27% and first in weekly earnings growth at 4.15%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
none
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News
Paychex, Inc. Reports First Quarter Fiscal 2024 Results:
Rhea-AI Summary
Paychex, Inc. reports a 7% growth in total revenue and an 11% growth in adjusted diluted earnings per share for the first quarter of fiscal 2024. Demand for their solutions remains strong, and small and mid-sized businesses are hiring workers at a moderate level. Service revenue increased by 5% and operating income grew by 8%. Interest on funds held for clients increased by 83%. Total expenses increased by 5%. Cash flow from operations was $655.8 million. Paid dividends of $0.89 per share totaling $321.9 million. Adjusted diluted earnings per share is anticipated to grow in the range of 9% to 11% for fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags
earnings
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News
Paychex Releases 2023 Environmental, Social, and Governance (ESG) Report
Rhea-AI Summary
Paychex releases 2023 ESG Report, emphasizing commitment to ethics, diversity, and sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
none
News
Paychex, Inc. Schedules First Quarter Fiscal 2024 Earnings Conference Call for September 27, 2023
Rhea-AI Summary
Paychex, Inc. will release financial results for its fiscal 2024 first quarter on September 27, 2023. A conference call will be held to review the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
earnings
Stock PAYX logo
Paychex Inc.

Nasdaq:PAYX

PAYX Rankings

#279 Ranked by Market Cap
#2491 Ranked by Stock Gains
#1141 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.