15 stories mentioning PAYXUpdated 11d ago
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Paychex (PAYX) has an average rating of hold and mean price target of $106.31, according to analysts polled by FactSet.Price: $111.22, Change: $-0.74, Percent Change: -0.67%
Robert L. Schrader, Senior Vice President, CFO, on July 20, 2026, sold 2,600 shares in Paychex (PAYX) for $299,234. Following the Form 4 filing with the SEC, Schrader has control over a total of 18,886 common shares of the company, with 18,547 shares held directly and 339 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/723531/000119312526310268/xslF345X05/ownership.xml
Paychex's (PAYX) professional employer organization, or PEO, segment is expected to sustain its growth through H1 2027, RBC Capital Markets said in a note emailed Thursday.The company reported reported fiscal Q4 adjusted earnings of $1.32 per diluted share, up from $1.19 a year earlier, as revenue increased to $1.61 billion from $1.43 billion. PEO and insurance segment grew about 8.6% during the quarter, offsetting a weaker management solutions business, the investment firm noted.Paychex projected fiscal 2027 adjusted EPS growth of 7% to 9% and revenue growth of 5% to 6%. This includes a 6% to 7% PEO revenue growth, which RBC sees as conservative given tougher comparisons year on year in H2. The brokerage, however, noted that PEO's growth runway remains solid, with continued momentum and recent annual renewals.RBC maintained its sector perform rating and $102 price target on Paychex.Price: $99.29, Change: $+2.99, Percent Change: +3.10%
(Updates with market moves at the end of the day.)The Nasdaq Composite and S&P 500 fell Wednesday for the third straight session amid caution on the AI-chip trade, while oil prices tumbled as supply concerns eased.The technology-heavy Nasdaq fell 0.4% to 25,476.6, erasing earlier gains, and the S&P 500 shed 0.1% to 7,358.2. The Dow Jones Industrial Average rose 0.4% to 51,850.9. Among sectors, energy posted the biggest drop, while industrials paced the gainers.Micron Technology (MU) shares fell 0.3% in regular trading Wednesday following a 13% drop in the previous session as part of the tech slump. The stock jumped 15% in after-hours trading after fiscal third-quarter results topped estimates.KB Home (KBH) shares jumped 17% a day after the homebuilder released second-quarter results. Truist Securities attributed the gain to the company's improving gross margins.Builders FirstSource (BLDR) shares rose 11%, the top gainer on the S&P 500.Qualcomm (QCOM) agreed to acquire software infrastructure firm Modular for about $3.92 billion in stock as the semiconductor giant looks to bolster its ability to deliver a more optimized AI compute layer. Qualcomm shares fell 3.3%.Paychex (PAYX) issued a fiscal 2027 outlook that implies slower growth in both profit and revenue. The human resources software provider's shares dropped 1.7%.West Texas Intermediate crude oil fell 4.7% to $69.79 a barrel in late trading, and Brent dropped 5.2% to $73.09. Tankers continued to move through the crucial Strait of Hormuz after being stuck due to the US-Iran war.Citing data analytics company Kpler, Stifel said 39 ships moved through the chokepoint on Monday. "Still well below the typical average of over 100, this is a vast improvement after more than three months of a complete halt of traffic," the brokerage said Wednesday in a report. "Both the US and Iran have signaled broad-based progress toward ending the war. That being said, the situation remains delicate as negotiations continue."US President Donald Trump, in a social media post, criticized oil companies for "not dropping their prices at the pump commensurate with the sharply lower prices they are paying for oil." Trump said he had instructed the Department of Justice "to immediately start looking into this."US Treasury yields were lower, with the 10-year rate last seen down 9.5 basis points at 4.41% and the two-year rate falling 4.3 basis points to 4.15%.In economic news, new-home sales in the US unexpectedly declined last month as prices moved higher, government data showed."New home sales were much weaker than expected in May, but we think the pace of sales in May probably marks the bottom of what will be a noisy range over the next few months rather than the start of a more sustained decline," Oxford Economics said in a note. "We expect sales to improve later in the year based on our forecast for mortgage rates to move lower."Gold was last seen down 3.2% at $4,017.60 per troy ounce, while silver slumped 7% to $57.72 per ounce.
Tech stocks declined late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.8%.The Philadelphia Semiconductor index shed 1.8%.In corporate news, Alphabet's (GOOGL) Google is poised to lose two leading AI researchers to rival Anthropic, Bloomberg reported. The two researchers, Jonas Adler and Alexander Pritzel, are viewed internally as critical contributors to the tech giant's Gemini AI model, the report said. Alphabet shares were down 0.4%.Cerebras Systems (CBRS) reported a Q1 net loss late Tuesday of $0.22 per diluted share, narrowing from a loss of $0.46 a year earlier. Analysts surveyed by FactSet expected a loss of $0.16. Cerebras shares fell about 18%.Paychex (PAYX) on Wednesday issued a fiscal 2027 outlook that implies slower growth in both profit and revenue. Its shares dropped 1.7%.Broadcom (AVGO) said Wednesday that it and OpenAI unveiled Jalapeno, OpenAI's first Intelligence Processor, an AI accelerator designed for large language model inference. Broadcom shares were shedding 0.5%.
(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday as markets awaited Micron Technology's (MU) latest quarterly results, while oil prices tumbled as tankers continued to move through the Strait of Hormuz.The Nasdaq Composite was down 0.4% at 25,479.2 after midday Wednesday, while the S&P 500 fell 0.2% to 7,347.6. The Dow Jones Industrial Average rose 0.2% to 51,767.7. Among sectors, energy saw the biggest drop, while consumer discretionary paced the gainers.Ahead of its results -- due after the closing bell Wednesday -- Micron shares were down 2.6%, following a 13% slump in the previous session amid a sell-off in chip-related stocks.Trip.com (TCOM), Jefferies Financial (JEF) and H. B. Fuller (FUL) are also scheduled to report after the markets close.KB Home (KBH) shares surged 17% after the homebuilder released its results. Builders FirstSource (BLDR) shares jumped 10%, the top gainer on the S&P 500.Paychex (PAYX) issued a fiscal 2027 outlook that implies slower growth in both profit and revenue. The human resources software provider's shares were down 1.5% intraday.West Texas Intermediate crude oil was down 4.2% at $70.17 a barrel, while Brent dropped 4.3% to $73.75, both off session lows.The price declines came as tankers continued to move through the crucial Strait of Hormuz after being trapped in the Persian Gulf due to the US-Israel war with Iran that started at the end of February.Three stranded tankers carrying about 5 million barrels of crude oil were exiting the narrow waterway Wednesday, with two heading to Asia, Reuters reported, citing shipping data."With shipping traffic steadily improving through the Strait of Hormuz, traders are increasingly focused on a growing queue of cargoes waiting to move," Saxo Bank said in a report.US President Donald Trump, in a social media post, criticized oil companies for "not dropping their prices at the pump commensurate with the sharply lower prices they are paying for oil." Trump said he had instructed the Department of Justice "to immediately start looking into this."Last week, the US and Iran signed a memorandum of understanding to end the war and reopen the Strait of Hormuz, a crucial chokepoint for crude flows that connects the Persian Gulf with the Gulf of Oman and the Arabian Sea.US Secretary of State Marco Rubio is in the Persian Gulf region, seeking to sell the US-Iran deal to the Bahrain, Kuwait, and the United Arab Emirates, which are expected to be among its biggest skeptics, CNN reported Wednesday.US Treasury yields were lower intraday, with the 10-year rate down 9.8 basis points at 4.40% and the two-year rate falling 5.1 basis points to 4.15%.In economic news, new-home sales in the US unexpectedly declined last month as prices moved higher, government data showed."New home sales were much weaker than expected in May, but we think the pace of sales in May probably marks the bottom of what will be a noisy range over the next few months rather than the start of a more sustained decline," Oxford Economics said in a note. "We expect sales to improve later in the year based on our forecast for mortgage rates to move lower."Gold was down 3.5% to $4,004.30 per troy ounce, while silver slumped 6.9% to $57.78 per ounce.
Tech stocks declined Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 1% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 3.7%.The Philadelphia Semiconductor index dropped 1.7%.In corporate news, Cerebras Systems (CBRS) reported a Q1 net loss late Tuesday of $0.22 per diluted share, narrowing from a loss of $0.46 a year earlier. Analysts surveyed by FactSet expected a loss of $0.16. Cerebras shares fell past 17%.Paychex (PAYX) on Wednesday issued a fiscal 2027 outlook that implies slower growth in both profit and revenue. Its shares dropped 2.4%.Broadcom (AVGO) said Wednesday that it and OpenAI unveiled Jalapeno, OpenAI's first Intelligence Processor, an AI accelerator designed for large language model inference. Broadcom shares were fractionally higher.
Paychex (PAYX) on Wednesday issued a fiscal 2027 outlook that implies slower growth in both profit and revenue, and the company's shares fell intraday despite its fourth-quarter results topping analysts' estimates.The human resources software provider anticipates full-year adjusted adjusted per-share earnings to grow by 7% to 9%, and revenue to increase by 5% to 6%. For the just-ended fiscal year, the company reported an 11% growth in adjusted EPS to $5.51 and a 17% jump in revenue to $6.51 billion.For the current fiscal year, analysts in a FactSet poll are looking for adjusted EPS of $5.92 and sales of $6.87 billion. Those estimates imply full-year growth rates of 7.4% and 5.5%, respectively, based on' calculations.Shares of Paychex were down 2.6% in Wednesday morning trade. The stock has tumbled about 15% since the start of the year."Our outlook reflects the current macro environment as well as the assumptions that employment levels will continue to remain flat for fiscal (2027)," Chief Financial Officer Bob Schrader said at an earnings conference call, according to a FactSet transcript.For the quarter ended May 31, Paychex reported adjusted EPS of $1.32, up from $1.19 a year earlier, while Wall Street expected non-GAAP EPS of $1.31. Revenue grew 12% to $1.61 billion, while analysts projected sales of $1.60 billion.Management solutions revenue surged 14% to $1.18 billion, with Paycor -- which the company acquired earlier in 2025 contributing about 8% to the segment's topline growth. Sales in the professional employer organization and insurance solutions division rose 9% to $369.7 million."These results reflect solid execution against two of our strategic priorities, the successful integration of Paycor to advance our upmarket expansion and (artificial intelligence) innovation that further differentiates our (human capital management) and advisory solutions," Chief Executive John Gibson said in a statement.Price: $95.35, Change: $-2.65, Percent Change: -2.70%
US stock futures were mostly trending higher on Wednesday as markets looked to recover from the previous session's tech-driven selloff, while investors await Micron Technology's (MU) latest quarterly results.The S&P 500 rose 0.2% and the Nasdaq increased 0.5% before the opening bell, while the Dow Jones Industrial Average slipped 0.1%. The indexes closed Tuesday trading lower, with the Nasdaq logging its sharpest decline since June 5.Shares of Micron rose 3.9% pre-bell after closing the previous trading session down 13%. The semiconductor company is scheduled to post its fiscal third-quarter results after the markets close, with analysts on FactSet currently estimating non-GAAP earnings of $20.83 per share and sales of $35.85 billion.Tech bellwether Nvidia (NVDA) was up 0.7% after a 4.1% decline in the prior session. Intel (INTC) increased 1.9%, while Qualcomm (QCOM) advanced 2.1%.Tech stocks may face spillover impact from the recent sharp sell-off in South Korea, though the decline appears to be a "pullback/breather" in a market that almost doubled this year, Wedbush Securities said in a note on Tuesday.FedEx's (FDX) stock fell 7.2% as the parcel delivery giant issued a downbeat earnings outlook for the full 2026 calendar year. Wendy's (WEN) jumped 15% as the fast-food chain hired Potbelly Sandwich Works finance chief Steve Cirulis for the same role, effective Tuesday.West Texas Intermediate crude oil decreased 1.5% to $72.09 a barrel in premarket action, while Brent slipped 1.6% to $75.86.In a social media post early Wednesday, President Donald Trump said he has instructed the Department of Justice to "immediately start looking" into oil companies not lowering their prices."The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil," according to Trump. "Those prices are dropping like a rock! In other words, customers are being 'gouged.'"US Secretary of State Marco Rubio arrived in the Gulf region, aiming to sell the Iran deal to three countries -- the United Arab Emirates, Bahrain and Kuwait -- that are likely to be among the biggest skeptics, CNN reported Tuesday.Treasury yields were mixed before the open, with the two-year rate nudging higher by 0.1 basis point to 4.2% while the 10-year rate retreated 0.8 basis points to 4.49%.On Wednesday's economic calendar, the weekly mortgage applications bulletin posts at 7 am ET, followed by the new home sales report for May at 10 am. The weekly EIA domestic petroleum inventories report is due at 10:30 am.Paychex (PAYX) is expected to post its financial results before the bell, while Trip.com (TCOM), Jefferies Financial (JEF) and H. B. Fuller (FUL) report after the markets close.Gold declined 1.8% to $4,076 per troy ounce, while bitcoin traded up 0.3% at $62,455.
US equity investors will focus this week on quarterly earnings from Micron Technology (MU) and inflation, while keeping a close eye on progress in talks between Iran and the US.* Earnings due this week include Micron Technology (MU), FedEx (FDX), Cerebras Systems (CBRS), Carnival (CCL), Trip.com (TCOM), Darden Restaurants (DRI), and Paychex (PAYX).* Looking ahead to Q2, consensus estimates call for earnings growth of more than 22%, according to a note from DA Davidson late Thursday. All of the S&P 500 constituents have reported Q1 results. Earnings surged almost 29% year-over-year, versus nearly 13% expected as of March 31, the strongest growth since Q4 2021. Information technology and communication services led the growth. Health Care was the only sector to see earnings fall in Q1.* Macroeconomic data due this week includes personal consumption expenditures, or PCE, price index, final read on Q1 gross domestic product, ADP employment change, S&P global composite PMI, durable goods orders, and Michigan consumer sentiment final, as well as inflation expectations.* "We used to think [PCE] was the Federal Reserve's favourite inflation gauge but now we're less sure given the arrival of a new Chair [Kevin Warsh] who launched five taskforces this past week including one to look at different measures of inflation," a Scotiabank note said late Thursday.* The US and Iran agreed to create a "de-confliction cell," facilitated by Qatar and Pakistan to ensure the end of military operations in Lebanon, CNN cited mediators in a news report early Monday. Fighting between Israel and Iran-backed Hezbollah has been a key obstacle to a deal, with Tehran insisting that deadly Israeli strikes must stop.* Iran's foreign minister, Abbas Araghchi, said sanctions on Tehran's oil were waived and some of its frozen assets released, CNN reported. Araghchi was also cited as saying a "reconstruction and development plan" was launched.
Paychex (PAYX) has an average rating of hold and mean price target of $105, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Paychex's (PAYX) Professional Employer Organization revenue growth is expected to soften in fiscal Q4 due to timing dynamics but should reaccelerate in 2027, driven by high single-digit Worksite Employee growth, RBC Capital Markets said Wednesday in a note.RBC expects 2027 revenue guidance of about 4.5% to 6% year-over-year, in line with RBC estimates and Street consensus of 5.6% and 5.4%, respectively.The brokerage expects Paychex to guide operating margin expansion of nearly 25 to 50 basis points year-over-year, assuming a more normalized year of margin expansion, according to the note.RBC said it anticipates aggressive buybacks with the $1 billion share repurchase authorization and dislocation in the stock price, delivering adjusted earnings per share growth guidance of 7% to 9%.The brokerage is modeling fiscal Q4 total revenue growth of nearly 12.4% year-over-year to $1.6 billion, broadly in line with consensus and guidance of 12%. Its adjusted EPS estimate is $1.31, in line with consensus, the brokerage said.RBC kept a sector perform rating on Paychex with a price target of $102.Price: $95.47, Change: $+1.05, Percent Change: +1.11%
Paychex Raises Quarterly Dividend to $1.19 a Share From $1.08, Payable May 29 to Shareholders of Record as of May 13
Paychex (PAYX) has an average rating of hold and mean price target of $101.36, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $90.65, Change: $+0.71, Percent Change: +0.80%
Paychex (PAYX) has an average rating of Hold and mean price target of $101.36, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $87.12, Change: $+1.55, Percent Change: +1.81%
