Paychex is a leading provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses
The company specializes in delivering comprehensive services that include payroll processing, tax administration, employee benefits management, and human resource consulting. With a focus on simplifying administrative tasks and ensuring compliance with regulations, Paychex empowers businesses to streamline their operations, enhance employee engagement, and improve overall efficiency. Through innovative technology and personalized support, Paychex aims to be a trusted partner for businesses navigating the complexities of workforce management.
According to the Paychex Small Business Employment Watch, the Small Business Jobs Index, which measures employment growth among U.S. businesses with fewer than 50 employees, was 100.04 to indicate moderate job growth. Meanwhile, hourly earnings growth for small business workers remained below three percent (2.92%) for the fourth-straight month.
Paychex has had an impressive run over the past six months as its shares have beaten the S&P 500 by 6.6%. The stock now trades at $150.71, marking a 14.2% gain. This performance may have investors wondering how to approach the situation.
Paychex, Inc. (Nasdaq: PAYX) (“Paychex”), an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory solutions in human resources, employee benefit solutions, insurance, and payroll, announced that the waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), has expired with respect to Paychex’s previously announced acquisition of Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of HCM, payroll and talent software.
According to the Paychex Small Business Employment Watch, the pace of job growth in U.S. small businesses with fewer than 50 employees remained slightly below 100 in January, consistent with the last six months of 2024. Meanwhile, hourly earnings growth for workers decelerated to 2.87% in January, marking its first time starting the year below three percent since 2021.
BALA CYNWYD, Pa., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $0.98 per share payable on February 27, 2025 to shareholders of record as of February 7, 2025.
Job growth in U.S. small businesses with fewer than 50 employees averaged modest employment growth throughout 2024, according to the Paychex Small Business Employment Watch. The national jobs index was relatively unchanged (0.02 percentage points) at the close of the year in December and has held its pace since the summer. At 2.96% in December, hourly earnings growth for U.S. small business workers remained below three percent for the fifth consecutive month.
BALA CYNWYD, Pa., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Paychex, Inc. (Nasdaq: PAYX) (“Paychex”), an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory solutions in human resources, employee benefit solutions, insurance, and payroll today announced it has entered into a definitive agreement to acquire Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of HCM, payroll and talent software in an all-cash transaction for $22.50 per share, representing an enterprise value of approximately $4.1 billion. The definitive agreement has been unanimously approved by the Boards of Directors of both companies.
Wall Street is in full risk-on mode, as traders eagerly snap up technology stocks, particularly semiconductors, ahead of Nvidia Corp. (NASDAQNVDA) CEO Jensen Huang‘s speech later on Monday at the Consumer Electronics Show
Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has won a silver Brandon Hall Group Excellence in Technology award. Paychex Flex® Perks received a silver award in the “Best Advance in HR or Workforce Management Technology for Small and Medium-Sized Businesses” category, marking the 11th year that the global research and analyst firm has recognized Paychex technology solutions.
Payroll and human resources software provider, Paychex (NASDAQPAYX) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.7% year on year to $1.32 billion. Its non-GAAP profit of $1.14 per share was 1.5% above analysts’ consensus estimates.
The day after a volatile Federal Reserve meeting, Wall Street grappled with the stark reality of Fed Chair Jerome Powell‘s cautious tone on cutting interest rates in 2024.
