Q1 Rundown: Paychex (NASDAQ:PAYX) Vs Other HR Software Stocks [Yahoo! Finance]
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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Source: Yahoo! Finance
Modern HR software has two powerful benefits: cost savings and ease of use. For cost savings, businesses large and small much prefer the flexibility of cloud-based, web-browser-delivered software paid for on a subscription basis rather than the hassle and complexity of purchasing and managing on-premise enterprise software. On the usability side, the consumerization of business software creates seamless experiences whereby multiple standalone processes like payroll processing and compliance are aggregated into a single, easy-to-use platform. The 6 HR software stocks we track reported a slower Q1; on average, revenues beat analyst consensus estimates by 0.7%. while next quarter's revenue guidance was 0.5% below consensus. Valuation multiples for many growth stocks have not yet reverted to their early 2021 highs, but the market was optimistic at the end of 2023 due to cooling inflation. The start of 2024 has been a different story as mixed signals have led to market volatility, and H
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PAYX
News
- Paychex, Inc. (NASDAQ: PAYX) had its price target lowered by analysts at Morgan Stanley from $125.00 to $122.00. They now have an "equal weight" rating on the stock.MarketBeat
- Paychex, Inc. (NASDAQ: PAYX) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $130.00 price target on the stock.MarketBeat
- Employers Say They're Setting Employees Up for Financial Wellness; 72% of Workers Disagree [Yahoo! Finance]Yahoo! Finance
- Paychex, Inc. (NASDAQ: PAYX) had its price target raised by analysts at Bank of America Co. from $111.00 to $113.00. They now have an "underperform" rating on the stock.MarketBeat
- Paychex, Inc. (NASDAQ: PAYX) had its price target lowered by analysts at Robert W. Baird from $126.00 to $124.00. They now have a "neutral" rating on the stock.MarketBeat
PAYX
Earnings
- 6/26/24 - Beat
PAYX
Sec Filings
- 6/26/24 - Form 8-K
- 6/17/24 - Form 8-K
- 6/10/24 - Form 11-K
- PAYX's page on the SEC website