Aankondiging • May 22
Paychex Inc Announces Wise AI Platform for Agentic Digital Workforce Paychex, Inc. announced Workforce Intelligence Strengthened by Expertise (WISE), the AI-powered intelligence solution transforming business operations with embedded context-aware intelligence, expert-enabled guidance, and autonomous execution. WISE moves beyond a single agent to a proactive digital workforce that executes autonomously within customer-defined workflows. WISE is the intelligence layer across Paychex Flex, Paycor, and SurePayroll platforms, spanning AI agents, expert advisory, embedded intelligence, and personal assistants. WISE natively available across Paychex platforms, scaling trusted expertise. WISE utilizes decades of proprietary data, regulatory requirements, and human expertise to power people and performance. WISE represents a fundamental shift in how intelligence is applied in HR—from user-directed tools to an agentic platform that works proactively on behalf of customers. WISE combines intelligence, multi-channel assistants, and autonomous agents. WISE strategically underpins Paychex’s approach to powering people and performance through: Agents: Autonomous digital workers capable of reasoning, orchestrating processes, and executing tasks to move work forward. WISE Agents act within parameters set and controlled by the customer, ensuring employers remain in the driver's seat. In addition to delivering meaningful improvements in customer service responsiveness and speed, agents can intelligently schedule shifts and approve timesheets to help streamline and improve manager productivity and worker efficiency. Intelligence: A context-aware intelligence layer that understands how customers work, what matters most, and when action is needed. Customers utilize WISE Intelligence with HR reporting and predictive analytics that serve actionable insights from real-time data to support workforce planning and decisions. Assistants: Personalized, multi-channel guidance and task support delivered across chat, voice, email, text, and collaboration tools. Customers utilize WISE Assistants for task completion, information retrieval, and regulatory compliance support. Advisory: Complementing experienced advisors with intelligent systems, WISE proactively alerts Paychex HR experts when a critical moment is on the horizon and enables the experienced advisors to guide customers through complex decisions like managing flight risk and drive outcomes that fuel business success. Learn more about how WISE supports Paychex Flex, Paycor, and SurePayroll in automating routine tasks, delivering personalized experiences, and uncovering actionable insights at scale. Reported Earnings • Mar 26
Third quarter 2026 earnings released: EPS: US$1.56 (vs US$1.44 in 3Q 2025) Third quarter 2026 results: EPS: US$1.56 (up from US$1.44 in 3Q 2025). Revenue: US$1.81b (up 20% from 3Q 2025). Net income: US$560.3m (up 7.9% from 3Q 2025). Profit margin: 31% (down from 34% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Aankondiging • Mar 11
Paychex, Inc. to Report Q3, 2026 Results on Mar 25, 2026 Paychex, Inc. announced that they will report Q3, 2026 results Pre-Market on Mar 25, 2026 Aankondiging • Feb 26
Paychex, Inc. Unveils Cutting-Edge AI and Agentic Workforce Management Solutions Paychex, Inc. announced new AI-driven advancements within its Paycor®? and Paychex Flex®? platforms to streamline workforce management and increase efficiency for businesses. Major enhancements to the Paycor Smart Scheduler and new automated time and attendance features across both platforms embody the company's commitment to infusing AI technology in its HCM platforms to democratize access to enterprise-grade AI innovations. According to Nucleus Research, modern workforce management automation can deliver measurable business value, returning an average of $12.24 for every dollar invested due to streamlined scheduling, improved staffing alignment, and reduced errors. Additionally, the research and industry analyst firm reports that automated scheduling can reduce scheduling time by up to 50% and meaningfully improve coverage and labor stability, making intelligent scheduling an essential tool for operational efficiency and workforce retention. Key AI-driven enhancements include: Paycor Smart Scheduler: AI-powered scheduling updates designed for human-in-the-loop scheduling, utilizing automated, rules-constrained intelligence that matches shifts to employees based on skills, certifications, availability, and business rules. The Paycor Smart Scheduler improves manager productivity and worker efficiency by providing transparency and insights on schedule recommendations, helping organizations place the right people in the right shifts at the right time, reducing scheduling errors and enhancing labor optimization. Paycor Agentic Timesheet Approvals: Scores each timecard against defined thresholds, such as missed punch, schedule variance, and geo-restrictions, enabling auto-approval. Only anomalies and exceptions are flagged for human review, helping streamline the timesheet approval process leading up to running payroll. Paycor Auto-Shifts: Creates optimized shift plans based on pre-set guardrails, including hour limits, rest periods, and fair-workweek rules, resulting in faster schedule builds, fewer errors, and better shift access for employees. Paychex Flex AI-Powered Time-Off: Offers historical insights that help to identify peak PTO periods and individual patterns. Intelligent availability introduces AI-assisted recurring availability and min/max hour preferences, simplifying workforce coverage and reducing employee PTO conflicts. (Coming soon) Paychex Flex Time-Off Request Agent: Provides an assistant-guided review process for time-off requests, offering recommendations based on factors including holidays, staffing thresholds, availability, and scheduling conflicts. The outputs highlight potential issues and provide the rationale behind recommendations to help avoid friction during the time-off review process. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent Director Mike Hansen was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jan 21
Upcoming dividend of US$1.08 per share Eligible shareholders must have bought the stock before 28 January 2026. Payment date: 27 February 2026. Payout ratio and cash payout ratio are on the higher end at 95% and 78% respectively. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (2.8%). Aankondiging • Jan 20
Paychex, Inc. Appoints J. Michael Hansen as Independent Director and Member of Audit Committee Paychex, Inc. announced that the company’s Board of Directors has voted to expand to 11 members from 10 members. The Board has also appointed J. Michael Hansen to fill the new position as an independent director. Mr. Hansen brings deep financial expertise, having served as Executive Vice President & Chief Financial Officer of Cintas Corporation for more than 10 years. Upon his retirement as CFO in May 2025, Mr. Hansen transitioned to a new role as Assistant to the Chief Executive Officer of Cintas. In addition to his prior role as CFO of Cintas, Mr. Hansen held various other significant positions at the company during his 30 year tenure, contributing to his comprehensive understanding of financial operations and strategy. While at Cintas, Mr. Hansen served on the Board of Directors of Paycor HCM, Inc. from 2008 to 2018. Paychex acquired Paycor in April 2025. Prior to his tenure at Cintas, Mr. Hansen served as a senior auditor with Ernst & Young and Rockwell Corporation. Mr. Hansen holds a Bachelor of Science degree in Business Administration, with a concentration in accounting, from Washington University in St. Louis. Mr. Hansen’s appointment to the Paychex Board of Directors is effective immediately. He has been appointed to serve on the Board’s Audit Committee. Aankondiging • Jan 16
Paychex, Inc. Declares Quarterly Cash Dividend, Payable on February 27, 2026 Paychex, Inc. announced that the Board has declared a regular quarterly cash dividend on Paychex common stock of $1.08 per share, payable on February 27, 2026, to shareholders of record as of January 28, 2026. Reported Earnings • Dec 21
Second quarter 2026 earnings released: EPS: US$1.10 (vs US$1.15 in 2Q 2025) Second quarter 2026 results: EPS: US$1.10 (down from US$1.15 in 2Q 2025). Revenue: US$1.56b (up 18% from 2Q 2025). Net income: US$395.4m (down 4.4% from 2Q 2025). Profit margin: 25% (down from 31% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Dec 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €97.66. The fair value is estimated to be €122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 5.1%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Aankondiging • Dec 09
Paychex, Inc. Unveils Intelligent AI Solutions to Revolutionize Workforce Management Paychex, Inc. announced a suite of AI-driven innovations to transform the HCM experience, evolving from user-directed to AI-powered with expertise infused at every touch point. Through AI-driven solutions that anticipate needs, automate tasks, and deliver precise, actionable insights, Paychex is simplifying complex HR processes, improving business outcomes, and driving greater efficiency for clients -- while fueling the company's growth. Paychex recently deployed agentic AI solutions for payroll automation, created an innovative patent-pending system for extracting AI insights from unstructured data, and launched GenAI platforms for personalized recommendations. These recent advancements build on prior innovations, such as AI Assistants leveraging the company's robust knowledge base that have answered millions of client inquiries via a simple, conversational chat interface. This marks the next phase in Paychex's vision to reinvent the HCM experience across its three purpose-built platforms - Paychex Flex®?, Paycor®?, and SurePayroll - as AI-first, transforming AI from a tool to a teammate and ushering in a new era of AI-enabled workforce management. Key AI-driven innovations include: Agentic AI Service Capabilities: Paychex successfully deployed agentic AI technology to process thousands of client payrolls via voice and email channels, achieving near 100% accuracy. This innovation accelerates resolution times and enables service teams to shift from transactional tasks to higher-value strategic advisory support. AI Data Transformation Patent: Paychex's patent-pending AI-powered knowledge mesh system breaks down silos of unstructured data (such as phone calls and emails) across traditional systems and organizes it into a connected, searchable network that generates actionable workforce management intelligence. This advanced technology enables Paychex to deliver personalized, data-driven insights that enhance decision-making, efficiency, and the overall client experience. GenAI Employment Law Platform: Paychex recently launched a GenAI-powered employment law and compliance platform that empowers Paychex HR experts and clients to efficiently navigate thousands of complex employment laws, create compliant documents, and stay informed about regulatory updates. GenAI Sales & Service Platform: A unified agent navigates various systems to aggregate insights and deliver personalized, relevant support for sales and service teams to enhance client interactions. Sales teams receive instant answers and tailored suggestions on sales scripts, objection handling, and policies through AI-powered chat platform. Meanwhile, service teams are seeing early success with similar capabilities to enhance customer support, such as assessing past client interactions to anticipate their needs with proactive support. Aankondiging • Dec 05
Paychex, Inc. to Report Q2, 2026 Results on Dec 19, 2025 Paychex, Inc. announced that they will report Q2, 2026 results Pre-Market on Dec 19, 2025 Aankondiging • Nov 19
Paychex, Inc. Introduces AI-Driven Participant Event Notifications for Financial Advisors Paychex, Inc. introduced participant Event Notifications, an AI-powered wealth management solution for financial advisors. This pioneering new advisor plan management tool leverages both payroll and plan level data to alert advisors through real-time notifications within the Paychex Flex®? Advisor Console when retirement plan participants reach key data milestones and have work or life events--enabling proactive engagement to assist participants with their financial planning needs, ultimately driving better retirement outcomes and uncovering new investment opportunities. As financial advisors increasingly integrate retirement and wealth management strategies, participant Event Notifications proactively make advisors aware any time there's an opportunity to engage and support the participant. Advisors receive notifications when participants reach certain age or status thresholds, change retirement or employment status, or when a newly eligible employee has yet to enroll. These customizable insights enable advisors to proactively engage participants at pivotal moments, enhancing client relationships, improving retirement outcomes, and expanding advisors' books of business. The company has made several recent advancements and has further enhanced features that have been longtime standards for Paychex 401(k) plans, including: Modernized Paychex Flex Advisor Console: A newly refreshed interface allows financial advisors to see their entire book of business in a single dashboard. Enhanced participant Portal: An updated user experience gives participants an easy-to-read retirement summary along with self-service features that enable them to enroll in, view, and manage their retirement plans in just a few clicks on any device. Integrated Client Web Experience: The redesigned interface is now seamlessly integrated with Paychex Flex to simplify administrative tasks, enhance functionality, and provide greater oversight while improving efficiency. Payroll Integrations®?Part partnership: A new partnership integrates Paychex 401(k") plans with over 100 payroll providers, expanding access to retirement services for businesses that are not currently Paychex payroll clients. Industry-Leading Pooled Employer Plan (PEP): As the largest PEPprovider in the industry by number of adopting employees, the Paychex PEP gives business owners a simpler, cost-effective way to offer comprehensive retirement benefits to employees, while saving them time on administrative tasks and reducing fiduciary responsibilities. Automated Audit Packages: Clients can receive a single report that pulls necessary data from multiple sources, saving them time and easing administrative burden. Best-in-Class Cyber Security and Fraud Detection: Paychex's practices protect the privacy, safety, and security of information shared by clients and employees. This includes security standards, rigorous internal controls, and world-class data centers that are monitored around the clock. Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Theresa Payton was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Oct 13
First quarter dividend of US$1.08 announced Shareholders will receive a dividend of US$1.08. Ex-date: 7th November 2025 Payment date: 26th November 2025 Dividend yield will be 3.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is covered by cash flows (84% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 2.2% to bring the payout ratio under control. EPS is expected to grow by 34% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Aankondiging • Oct 09
Paychex, Inc. Declares Quarterly Dividend, Payable on November 26, 2025 The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $1.08 per share, payable on November 26, 2025, to shareholders of record as of November 7, 2025. Reported Earnings • Sep 30
First quarter 2026 earnings released: EPS: US$1.07 (vs US$1.19 in 1Q 2025) First quarter 2026 results: EPS: US$1.07 (down from US$1.19 in 1Q 2025). Revenue: US$1.54b (up 17% from 1Q 2025). Net income: US$383.8m (down 10% from 1Q 2025). Profit margin: 25% (down from 32% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Sep 17
Paychex, Inc. to Report Q1, 2026 Results on Sep 30, 2025 Paychex, Inc. announced that they will report Q1, 2026 results Pre-Market on Sep 30, 2025 Aankondiging • Sep 10
Paychex Introduces New Financial Management Solution Powered by BILL to Simplify Payroll and Payments for SMBs Paychex, Inc. announced a new financial management solution for accounts payable provided by BILL. Launching through Paychex Flex, Bill Pay, Powered by BILL, integrates payroll, HR, and accounts payable and empowers SMBs to manage their people and payments in one seamless experience. According to the 2025 BILL Report, nearly 40% of SMBs that have not yet automated their financial operations, plan to do so within the next six months to cut costs and improve efficiency. The same report found 62% of businesses cannot immediately view their current cash position across all accounts. Bill Pay, Powered by BLL, brings payroll, HR, and payments together into a single platform, giving SMBs the speed, clarity and control they need to make smarter, faster decisions, and simplify the way they run their business. Bill Pay, Powered by BILL, will enable businesses to: Automate bill payments with flexible payment options--offering multiple ways to fund and send payments to save time, money, and resources, all through Paychex Flex; Access BILL's network of more than eight million businesses to easily find and pay vendors; Get real-time insights into payment status. Bill Pay, Powered by BILL, will also strengthen the ability of accountants to support their clients. A 2025 Citizens Bank report revealed that 47% of SMBs continue to rely on expert guidance from CPAs, accountants, and bankers, underscoring the critical role trusted advisors play in guiding strategic decisions alongside technology and digital tools. Aankondiging • Aug 20
Paychex Launches Digital Employee Benefits Marketplace Paychex, Inc. has introduced Paychex Flex®? Perks, a digital marketplace of employee benefits curated to address the needs of today's diverse, five-generational workforce. Launching with 17 unique products, Paychex Flex Perks includes early access to earned wages, financial wellness solutions, and voluntary lifestyle benefits for the employees of Paychex customers. Paychex FlexPerks is integrated directly into Paychex Flex, the company's cloud-based SaaS solution, and is tailored to the employee user experience, making it easy and intuitive to enroll in benefits. Employees can self-select additional benefits based on their personal needs, freeing up time for business owners and HR leaders to focus on more strategic initiatives that come with running a business. Paychex Flex Perks services are paid through employee payroll deduction at no cost to the employer and include: Affordable Benefits and Discounts powered by Corestream; An online benefits marketplace that enables employees to enroll in various benefits, such as home, auto, life and pet insurance, disability coverage and more. The platform educates employees on each benefit to ensure the elections are personalized to their lifestyle, with premiums seamlessly deducted from their paychecks; PaySM, an online account established by Central Bank of Kansas City, Member FIDC1; An online spending account with Debit Mastercard®? and an optional Savings Account. Pay on Demand powered by Payactiv; Flexible payment option for employees looking to access unpaid wages as they earn them. Earned wages are deducted from an employee's next paycheck, giving them the flexibility to pay for things when they need to while avoiding late fees, overdraft charges, and expensive payday loans; Financial Wellness Powered by FinFit®; Helps employees achieve financial goals and maximize their earnings, savings, and investing potential with free financial coaching, budgeting and educational tools, loans, and direct access to measure financial well-being. Paychex will continue to expand the number of product integrations within Paychex Flex Perks based on evolving market and consumer trends as well as internal data to ensure the marketplace offers relevant and impactful benefits. Aankondiging • Aug 14
Paychex, Inc. Introduces Paychex Flex Engage Paychex, Inc. has introduced Paychex Flex® Engage, a comprehensive employee engagement solution developed to help businesses digitally manage their workforce, drive collaboration, and enhance the employee experience. Paychex Flex Engage combines employee engagement, performance reviews, rewards, and compensation management features into one place, resulting in a virtual collaboration and transparency for managers and employees to enable building a strong company culture. Paychex Flex Engage includes the following workforce management capabilities to help managers engage more efficiently with their employees: Employee Engagement: Enables interactions with employees through a social dashboard that lets employees stay plugged into company events, promotions, and more. Gives employees a voice to align values with an organization’s culture through surveys and polls. Rewards & Recognition: Helps boost employee performance and cultivates an appreciation culture with peer-to-peer recognition tools, virtual high-fives, and reward badges to celebrate achievements. Performance & Goal Management: Automates the review assignment process, schedules recurring one-on-ones, and sets goals that align with the overall business culture for a comprehensive performance management function that is flexible to business needs. Compensation Management: Allows managers to create, view, and approve compensation with real-time budget tracking and tools to assist with making more informed pay decisions. Introduces automation into the rewards, merit, and bonus processes with new pay rates and effective dates when running payroll with no additional approvals. Aankondiging • Jul 10
Paychex, Inc. Declares Quarterly Cash Dividend, Payable on August 29, 2024 Paychex, Inc. declared quarterly cash dividend of $0.98 per share Payable on August 29, 2024 to shareholders of record as of August 8, 2024. Aankondiging • Jun 14
Paychex, Inc. to Report Q4, 2024 Results on Jun 26, 2024 Paychex, Inc. announced that they will report Q4, 2024 results Pre-Market on Jun 26, 2024 Aankondiging • May 18
Stephanie Schaeffer to Retire as Vice President, Chief Legal & Ethics Officer, and Secretary of Paychex, Inc., Effective as of August 2, 2024 Paychex, Inc. announced that on May 16, 2024, Stephanie Schaeffer, Vice President, Chief Legal & Ethics Officer, and Secretary of the company notified the Board of Directors of the Company of her intention to retire effective as of August 2, 2024. Ms. Schaeffer will serve in her current role until a successor is appointed and then shall serve as a senior advisor to the Company to assist with transition on a full-time basis at her current base salary until her retirement date. Aankondiging • May 03
Paychex Declares a 10% Increase to Quarterly Cash Dividend, Payable on May 30, 2024 Paychex, Inc. announced that its Board of Directors approved a quarterly dividend of $0.98 per share, an increase of $0.09 (or 10%) from the prior quarterly dividend of $0.89 per share, payable on May 30, 2024 to shareholders of record as of May 10, 2024. Aankondiging • Apr 03
Paychex, Inc. Revises Earnings Guidance for the Fiscal Year Ending May 31, 2024 Paychex, Inc. revised earnings guidance for the fiscal year ending May 31, 2024. For the fiscal year, the company now expects total revenue to grow in the range of 5% to 6%. Other income, net is now anticipated to be in the range of $40 million to $45 million. Other aspects of guidance for fiscal 2024 remain unchanged from what the company provided previously. Aankondiging • Mar 12
Paychex, Inc. Appoints Beaumont Vance as Senior Vice President of Data, Analytics, and AI Paychex, Inc. announced that Beaumont Vance has joined the company as senior vice president of data, analytics, and AI. In this role, he will be responsible for developing and executing the company’s data strategy, including the use of business intelligence, advanced analytics, and AI-driven automation to drive both business performance and enhanced customer value through the use of data and AI in the company’s technology and advisory solutions. Vance comes to Paychex from WestCap Partners where he served as managing director of AI and investments. Prior to WestCap, he spent time at TD Ameritrade, Fidelity, Sun Microsystems, and Vicorp Restaurants primarily in data science, risk management, and AI leadership roles. Vance holds a bachelor’s degree from Wake Forest University. His appointment at Paychex begins immediately. Aankondiging • Feb 20
Paychex, Inc. to Report Q3, 2024 Results on Mar 27, 2024 Paychex, Inc. announced that they will report Q3, 2024 results Pre-Market on Mar 27, 2024 Aankondiging • Jan 20
Paychex, Inc. (NasdaqGS:PAYX) announces an Equity Buyback for $400 million worth of its shares. Paychex, Inc. (NasdaqGS:PAYX) announces a share repurchase program. Under the program, the company will repurchase up to $400 million of its shares. The program will expire on May 31, 2027. Aankondiging • Jan 19
Paychex, Inc. Announces Quarterly Dividend, Payable on February 27, 2024 Paychex, Inc. announced a quarterly dividend of $0.89 per share payable February 27, 2024. The dividend is available to shareholders of record as of February 13, 2024. Aankondiging • Dec 22
Paychex, Inc. Provides Earnings Guidance for the Fiscal Year Ending May 31, 2024 Paychex, Inc. provided earnings guidance for the fiscal year ending May 31, 2024. For the period, the company expects other income, net is now expected to be in the range of $35 million to $40 million. Aankondiging • Dec 06
Paychex, Inc. Identifies Top 5 Regulatory Issues for Employers to Watch in 2024 Paychex, Inc. released the top five regulatory and compliance-related topics employers should be monitoring heading into 2024. The annual Paychex list is intended to keep business leaders up to date on the regulatory changes that are most likely to impact them in the coming year and why. The in-house compliance team at Paychex continually monitors laws and regulations at federal, state, and local levels that inform educational content available to customers and updates built into Paychex Flex®?, the company's cloud-based SaaS solution. Paychex has identified the following topics that employers should pay close attention to in 2024: Artificial intelligence (AI) regulations: The Biden Administration's Executive Order on AI established standards for developing and utilizing this emerging technology. Now, Congress and state-level officials have indicated an interest in establishing guardrails for the responsible use of AI in the coming year. Data privacy and cybersecurity: Five state-level consumer data privacy laws were enacted in 2023, adding California, Colorado, Connecticut, Utah, and Virginia to the list of states with unique data-related legislature on the books. The list will continue to expand in 2024, with at least five more states - Florida, Montana, Oregon, Texas, and Washington - passing privacy laws that will take effect in the coming year. wage and hour laws: More than twenty new minimum wage increases will take effect on January 1, 2024, which may affect employers operating in those states or in multiple regions. Fair scheduling ordinances recently took effect in certain jurisdictions, as have laws eliminating sub- minimum wage rates and tip credits. Additionally, the U.S. Department of Labor (DOL) is poised to announce its final overtime rule. Workplace safety/OSHA: Workplace safety standards will be updated in 2024 as a revised rule requiring designated high-hazard industries with 100 or more employees to submit reports on injuries and illnesses electronically. Meanwhile, regulations regarding extreme heat have also taken effect in some states, with OSHA signaling its intention to explore a federal response to increasingly severe weather. Retirement: With further SECURE 2.0 provisions taking effect in 2024, retirement legislation will continue to be a focus in the new year. Clarifying guidance is expected for several provisions, including student loan matching contributions. At the state level, Maine, New York, and New Mexico are all expected to launch state-facilitated workplace retirement programs in the coming year. Upcoming Dividend • Nov 06
Upcoming dividend of US$0.89 per share at 3.2% yield Eligible shareholders must have bought the stock before 13 November 2023. Payment date: 28 November 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.6%). Aankondiging • Nov 02
Paychex, Inc. to Report Q2, 2024 Results on Dec 21, 2023 Paychex, Inc. announced that they will report Q2, 2024 results Pre-Market on Dec 21, 2023 Aankondiging • Oct 13
Paychex, Inc. Declares Regular Quarterly Dividend, Payable on November 28, 2023 The Board of Directors of Paychex, Inc. declared a regular quarterly dividend of $0.89 per share payable November 28, 2023 to shareholders of record November 14, 2023. Aankondiging • Sep 29
Paychex, Inc. Revises Earnings Guidance for the Fiscal Year Ending May 31, 2024 Paychex, Inc. revised earnings guidance for the fiscal year ending May 31, 2024. For the fiscal year ending May 31, 2024, the company now expects total revenue to grow in the range of 6% to 7%, but now the company think this is likely towards the high end of the range. Aankondiging • Sep 28
Paychex, Inc. Provides Earnings Guidance for the First Half 2024, and Second Half 2024 Paychex, Inc. provided earnings guidance for the first half 2024, and second half 2024. For the first half 2024, the company’s total revenue growth in the range of 6% to 7%.For the second half 2024, the company anticipates total revenue growth to be approximately 7%. Reported Earnings • Sep 28
First quarter 2024 earnings released: EPS: US$1.16 (vs US$1.05 in 1Q 2023) First quarter 2024 results: EPS: US$1.16 (up from US$1.05 in 1Q 2023). Revenue: US$1.29b (up 6.6% from 1Q 2023). Net income: US$419.2m (up 11% from 1Q 2023). Profit margin: 33% (up from 31% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 16% per year. Aankondiging • Sep 02
Paychex, Inc., Annual General Meeting, Oct 12, 2023 Paychex, Inc., Annual General Meeting, Oct 12, 2023, at 09:30 US Eastern Standard Time. Agenda: To elect twelve nominees to the Board of Directors for a one-year term; to hold an advisory vote to approve named executive officer compensation; to hold an advisory vote on the frequency of future advisory votes on named executive officer compensation; to ratify the selection of PricewaterhouseCoopers LLP to serve as company's independent registered public accounting firm; and to transact such other business as may properly come before the meeting or any adjournment thereof. Aankondiging • Aug 18
Paychex, Inc. to Report Q1, 2024 Results on Sep 27, 2023 Paychex, Inc. announced that they will report Q1, 2024 results Pre-Market on Sep 27, 2023 Recent Insider Transactions • Aug 04
Insider recently sold €2.7m worth of stock On the 1st of August, Michael Gioja sold around 23k shares on-market at roughly €114 per share. This transaction amounted to 64% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.7m more than they bought in the last 12 months. Upcoming Dividend • Aug 02
Upcoming dividend of US$0.89 per share at 2.9% yield Eligible shareholders must have bought the stock before 09 August 2023. Payment date: 24 August 2023. Payout ratio and cash payout ratio are on the higher end at 75% and 75% respectively. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.7%). Aankondiging • Jul 14
Paychex, Inc. Declares Regular Quarterly Dividend, Payable on August 24, 2023 The Board of Directors of Paychex, Inc. declared a regular quarterly dividend of $0.89 per share payable August 24, 2023 to shareholders of record August 10, 2023. Buying Opportunity • Jul 06
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 7.0% per annum over the same time period. Reported Earnings • Jun 30
Full year 2023 earnings released: EPS: US$4.32 (vs US$3.86 in FY 2022) Full year 2023 results: EPS: US$4.32 (up from US$3.86 in FY 2022). Revenue: US$5.01b (up 8.6% from FY 2022). Net income: US$1.56b (up 12% from FY 2022). Profit margin: 31% (in line with FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year. Aankondiging • Jun 30
Paychex, Inc. Provides Earnings Guidance for the Fiscal Year Ending May 31, 2024 Paychex, Inc. provides earnings guidance for the fiscal year ending May 31, 2024. Total revenue is anticipated to grow in the range of 6% to 7%. Aankondiging • Jun 16
Paychex, Inc. to Report Q4, 2023 Results on Jun 29, 2023 Paychex, Inc. announced that they will report Q4, 2023 results Pre-Market on Jun 29, 2023 Buying Opportunity • May 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings is also forecast to grow by 7.2% per annum over the same time period. Reported Earnings • Mar 31
Third quarter 2023 earnings released: EPS: US$1.30 (vs US$1.19 in 3Q 2022) Third quarter 2023 results: EPS: US$1.30 (up from US$1.19 in 3Q 2022). Revenue: US$1.38b (up 8.2% from 3Q 2022). Net income: US$467.4m (up 8.5% from 3Q 2022). Profit margin: 34% (in line with 3Q 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 14
Paychex, Inc. to Report Q3, 2023 Results on Mar 29, 2023 Paychex, Inc. announced that they will report Q3, 2023 results at 9:30 AM, US Eastern Standard Time on Mar 29, 2023 Upcoming Dividend • Feb 01
Upcoming dividend of US$0.79 per share at 2.7% yield Eligible shareholders must have bought the stock before 08 February 2023. Payment date: 23 February 2023. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.6%). Aankondiging • Jan 25
Paychex, Inc. Appoints Theresa M. Payton to Board of Directors Paychex, Inc. announced that the company's Board of Directors has voted to expand to 12 members from 11 members. The Board has also appointed Theresa M. Payton to fill the new position. Ms. Payton is the founder and CEO of Fortalice Solutions, a firm advising Fortune 150 Boards, C-Suite, and regulators on secured technology innovation and transformation efforts regarding customer delivery and privacy. Before overseeing IT operations as CIO for the White House from 2006 to 2008, she held executive roles in banking technology for two of the country's top financial institutions. In 2008, she founded Fortalice Solutions which has since completed over 500 global engagements advising and securing digital transformation programs and delivering business intelligence services for some of the nation's large organizations. In addition to her professional experience, she has served on the Federal Advisory Board of CyberArk, a publicly traded cybersecurity product company, and as a member of the Transformation Innovation Advisory Board of UniCredit S.p.A. Ms. Payton holds a B.A. degree in Economics and Business Administration from Immaculata University and an M.S. in Management Information Systems (MIS) from the University of Virginia. Ms. Payton's appointment to the Paychex Board of Directors is effective immediately. Aankondiging • Jan 21
Paychex, Inc. Declares Regular Quarterly Dividend, Payable on February 23, 2023 The Board of Directors of Paychex, Inc. declared a regular quarterly dividend of $0.79 per share payable February 23, 2023 to shareholders of record February 9, 2023. Recent Insider Transactions • Dec 30
Insider recently sold €1.5m worth of stock On the 28th of December, Michael Gioja sold around 14k shares on-market at roughly €109 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €9.8m more than they bought in the last 12 months. Aankondiging • Dec 23
Paychex, Inc. Provides Earnings Guidance for the Fiscal Year Ending May 31, 2023 Paychex, Inc. provided earnings guidance for the fiscal year ending May 31, 2023. Total revenue is now anticipated to grow approximately 8%; Management Solutions revenue is now anticipated to grow in the range of 7% to 8%. Reported Earnings • Dec 23
Second quarter 2023 earnings released: EPS: US$1.00 (vs US$0.92 in 2Q 2022) Second quarter 2023 results: EPS: US$1.00 (up from US$0.92 in 2Q 2022). Revenue: US$1.19b (up 7.4% from 2Q 2022). Net income: US$360.3m (up 8.5% from 2Q 2022). Profit margin: 30% (in line with 2Q 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Aankondiging • Nov 15
Paychex, Inc. to Report Q2, 2023 Results on Dec 22, 2022 Paychex, Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Dec 22, 2022 Aankondiging • Nov 03
Paychex, Inc., Announces New Enhancements Designed to Help Improve the Employee Experience from Pre-Employment Through Retention Paychex, Inc., has announced new enhancements designed to help improve the employee experience from pre-employment through retention. The latest products and solutions help provide a seamless experience for both employers and employees using Paychex Flex®, the company's SaaS-based HR application, as well as the customized service and HR advisory support available from Paychex. The following solutions and product enhancements make up the current Paychex product release and the company's efforts to enhance the employee lifecycle and experience: Paychex Flex Hiring: Makes hiring easier by automating tasks and actions for clients to quickly recruit and hire new talent. This Paychex Flex feature assists clients with a variety of recruitment tactics, from posting a job to digitally sending offer letters to top candidates. Paychex research has shown that three out of four clients surveyed said they have shortened the time required for recruiting, screening, tracking, and onboarding of new employees through using Paychex Flex. An average time savings of 26% was reported by those clients that reported a shortened timeframe. For example, a client's two-month recruiting and hiring cycle could be reduced to six weeks. Paychex Flex Onboarding: Simplifies the onboarding experience by integrating essential steps directly within Paychex Flex. Advancements allow new hires to complete critical documentation, including direct deposit authorization, W4, state withholding forms, and Form I-9s from the device of choice for a paperless onboarding experience. Paychex Flex Time: Helps create a seamless and unified experience for Paychex Flex Time admin and employee users for controlling scheduling needs, managing time off requests, approving employee timecards, and reviewing data to ensure accuracy for pay periods. Flock Benefits Administration by Paychex: Provides clients with benefits administration technology with advanced features and a best-in-class customer experience. This product helps makes insurance accessible to employees through easy-to-use enrollment workflows and in-app video tutorials that drive employee self-service and efficiency for employers managing benefits. Paychex Voice Assist: Provides a new way for payroll admin users to complete payroll and HR-related functions and tasks. Users can now complete payroll from anywhere simply by saying "Hey Google, Talk to Paychex Flex" on any Google Assistant™--enabled device. Paychex Voice Assist is a natural extension of the company's expansive self-service capabilities. Upcoming Dividend • Nov 01
Upcoming dividend of US$0.79 per share Eligible shareholders must have bought the stock before 08 November 2022. Payment date: 23 November 2022. Payout ratio is a comfortable 73% and the cash payout ratio is 77%. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.2%). Higher than average of industry peers (1.9%). Aankondiging • Oct 15
Paychex, Inc. Appoints John B. Gibson, Jr. to Its Board Paychex, Inc. announced that the company's board of directors has voted to expand from 10 to 11 members. The board has appointed Paychex president and CEO John B. Gibson, Jr. to fill the new position. Gibson is the fourth president and CEO in the 50-year history of Paychex. In addition to his appointment to the board of directors, Gibson will serve on the executive committee of the board. Gibson joined Paychex as senior vice president of service in May 2013, bringing with him more than 20 years of experience in HR solutions, technology, and business services. In December 2021, Gibson was promoted to president and chief operating officer, leading the daily operations of the company, including sales, service, marketing, and product management. Prior to Paychex, Gibson served in senior executive positions at HR outsourcing and technology companies, including Ameritech (now AT&T) and Convergys, where he served as president of the HR management division providing comprehensive global HR solutions to clients in 68 countries. Gibson holds a Bachelor of Arts degree from Indiana University. He also earned certifications at Northwestern University's Kellogg School of Management and the international business program of INSEAD, a global graduate business school. Gibson's appointment to the Paychex board of directors is effective immediately. Aankondiging • Oct 14
Paychex, Inc. Declares Quarterly Dividend, Payable on November 23, 2022 Paychex, Inc. declared regular quarterly dividend of $0.79 per share payable on November 23, 2022 to shareholders of record November 9, 2022. Reported Earnings • Sep 29
First quarter 2023 earnings released: EPS: US$1.05 (vs US$0.93 in 1Q 2022) First quarter 2023 results: EPS: US$1.05 (up from US$0.93 in 1Q 2022). Revenue: US$1.21b (up 11% from 1Q 2022). Net income: US$379.2m (up 14% from 1Q 2022). Profit margin: 31% (in line with 1Q 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Aankondiging • Sep 14
Paychex Launches Industry's First Voice-Activated Payroll Solution At HR Technology Conference & Expo Paychex, Inc. has announced an enhanced user experience to Paychex Flex®, the company's SaaS-based HR software solution, a new conversational artificial intelligence (AI) feature called Paychex Voice Assist. Paychex Voice Assist enables payroll admins to run payroll through any Google Assistant-compatible device for a hands-free experience, simplifying and automating the payroll process with the sound of a verified user's voice. Capabilities of the feature include starting a pay period or acting on one already in progress, applying standard pay, making adjustments, reviewing totals, and submitting payroll for processing through a robust and resilient AI assistant with built-in verifications for user authentication Paychex is the first HCM solutions provider to offer voice-activated payroll. Leveraged with the HCM capabilities of Paychex Flex, Paychex Voice Assist allows busy business leaders and payroll admins to receive real-time notifications with payroll data insights, review and adjust hours and pay rates, and submit checks for payday. The feature also helps to reduce the administrative burden of logging into a payroll system by allowing users to process payroll using Google Assistant-enabled devices—whether that's a phone, smartwatch, speaker, or smart display. According to a 2022 Paychex analysis of Paychex Flex user data, more than a third of payroll administrators have submitted payroll for their employees from multiple remote locations within a one-month period, demonstrating the need for technology solutions that drive efficiency and improve workflows. Paychex Voice Assist was built with a layered approach for authentication that includes a secure voice pin, voice match technology, and account lock checkpoints as Paychex Flex users engage with the Google Assistant technology to ensure proper verification. To help prevent fraudulent activity, the feature is only available to run payroll for existing employees that have been set up in Paychex Flex. Aankondiging • Sep 03
Paychex, Inc., Annual General Meeting, Oct 13, 2022 Paychex, Inc., Annual General Meeting, Oct 13, 2022, at 10:00 US Eastern Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statement (including the Audited Consolidated Financial Statements) of the Company for the financial year ended 31st March, 2022 and the reports of the Board of Directors' and Auditors' thereon; to declare a dividend on equity shares for the financial year ended 31st March, 2022; and to appoint Auditors and fix their remuneration and, if thought fit, to pass, the following resolution as an Ordinary Resolution. Aankondiging • Aug 25
Paychex, Inc. Announces Change of CEO, Effective October 14, 2022 Paychex, Inc. announced that Martin Mucci, chief executive officer and chairman of the board, will retire as CEO, effective October 14th, 2022. Mucci will remain chairman of the company’s board of directors. John B. Gibson, Jr., currently president and chief operating officer, will assume the role of president and CEO. Mucci has served as Paychex CEO since 2010 and was named chairman of the board in 2021. He joined Paychex as senior vice president of operations in 2002. In his time as CEO, Paychex has transformed into a technology-enabled service company and significantly expanded its HR solutions capabilities. Through its SaaS-based HR software, Paychex Flex®, and world-class personalized service, Paychex anticipates the needs of clients with innovative products, services, and support. Gibson joined Paychex in 2013 as senior vice president of service, leading the operations of all Paychex business divisions including human resource services, payroll, retirement, and insurance services. In 2021, Gibson was promoted to president and COO, overseeing the daily operations of the company including sales, marketing, product management, and service. During his time with Paychex, Gibson has achieved record client retention; enhanced the Paychex service model with 24/7 options, including chat and social media support; and added resources designed specifically for Paychex’s enterprise and HR outsourcing clients. He has also been instrumental in growing Paychex’s digital payroll business, professional employer organization (PEO), and the company’s international business. Prior to Paychex, Gibson served in senior executive positions at HR outsourcing and technology companies including Ameritech (now AT&T) and Convergys. Gibson’s selection as company CEO is the culmination of a multi-year development and succession planning process. Buying Opportunity • Aug 24
Now 20% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be €171, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 9.1%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings is also forecast to grow by 7.8% per annum over the same time period. Recent Insider Transactions • Aug 04
Insider recently sold €67k worth of stock On the 1st of August, Robert Schrader sold around 545 shares on-market at roughly €123 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.5m. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Upcoming Dividend • Aug 03
Upcoming dividend of US$0.79 per share Eligible shareholders must have bought the stock before 10 August 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.5%). Aankondiging • Aug 03
Paychex, Inc. to Report Q1, 2023 Results on Sep 28, 2022 Paychex, Inc. announced that they will report Q1, 2023 results Pre-Market on Sep 28, 2022 Recent Insider Transactions • Jul 20
Chairman & CEO recently sold €1.4m worth of stock On the 15th of July, Martin Mucci sold around 12k shares on-market at roughly €114 per share. In the last 3 months, they made an even bigger sale worth €2.5m. Martin has been a seller over the last 12 months, reducing personal holdings by €4.2m. Aankondiging • Jul 15
Paychex, Inc. Declares Quarterly Dividend, Payable on August 25, 2022 The Board of Directors of Paychex, Inc. declared a regular quarterly dividend of$0.79 per share payable August 25, 2022 to shareholders of record August 11, 2022. Recent Insider Transactions • Jul 09
Insider recently sold €142k worth of stock On the 6th of July, Michael Gioja sold around 1k shares on-market at roughly €116 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.5m more than they bought in the last 12 months. Reported Earnings • Jun 30
Full year 2022 earnings released: EPS: US$3.86 (vs US$3.05 in FY 2021) Full year 2022 results: EPS: US$3.86 (up from US$3.05 in FY 2021). Revenue: US$4.61b (up 14% from FY 2021). Net income: US$1.39b (up 27% from FY 2021). Profit margin: 30% (up from 27% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.5%, compared to a 16% growth forecast for the industry in Germany. Aankondiging • Jun 30
Paychex, Inc. Provides Earnings Guidance for Year Ending Year Ending May 31, 2023 Paychex, Inc. provided earnings guidance for year ending May 31, 2023. For the period, Total revenue is anticipated to grow in the range of 7% to 8%. Aankondiging • Jun 26
Paychex, Inc.(NasdaqGS:PAYX) dropped from Russell 1000 Value-Defensive Index Paychex, Inc.(NasdaqGS:PAYX) dropped from Russell 1000 Value-Defensive Index Aankondiging • May 27
Paychex, Inc. to Report Q4, 2022 Results on Jun 29, 2022 Paychex, Inc. announced that they will report Q4, 2022 results Pre-Market on Jun 29, 2022 Aankondiging • May 02
Paychex Declares 20% Increase in Quarterly Dividend, Payable on May 26, 2022 Paychex, Inc. announced that its board of directors approved a $0.13 increase in the company’s regular quarterly dividend, an increase of 20%. The dividend will increase from $0.66 per share to $0.79 per share and is payable May 26, 2022 to shareholders of record May 12, 2022. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Kevin Price was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Third quarter 2022 earnings released: EPS: US$1.19 (vs US$0.97 in 3Q 2021) Third quarter 2022 results: EPS: US$1.19 (up from US$0.97 in 3Q 2021). Revenue: US$1.28b (up 15% from 3Q 2021). Net income: US$430.7m (up 23% from 3Q 2021). Profit margin: 34% (up from 32% in 3Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.3%, compared to a 17% growth forecast for the industry in Germany. Aankondiging • Mar 31
Paychex, Inc. Provides Financial Guidance for the Year Ending May 31, 2022 Paychex, Inc. provided financial guidance for the year ending May 31, 2022. Management Solutions revenue is now anticipated to grow in the range of 12% to 13% and total revenue is now anticipated to grow in the range of 12% to 13%. Aankondiging • Mar 29
Paychex, Inc. Announces New Enhancements Designed to Help Employers Better Protect Worker Health and Safety and Help Businesses Address Worker Retention Challenges Through HR Technology Solutions Paychex, Inc. announced new enhancements designed to help employers better protect worker health and safety and help businesses address worker retention challenges through HR technology solutions. The following solutions and product enhancements make up the new Paychex product release and the company's efforts to simplify business challenges: Compensation Summary Report: The Compensation Summary Report provides employees access to a view of their compensation beyond their direct pay—a critical business strategy for retaining top employees in competitive job market. The report can include health insurance contributions, retirement contributions, bonuses, and miscellaneous benefits captured within Paychex Flex and can serve as a reminder to employees of specific elements of their compensation package. Secure Document Management: Customers can safely and confidently store documents on the Paychex Flex platform. With the ability to handle multiple uploads and in-app signing capabilities, the documentation center can store confidential documents with rule-based user restrictions. Customers can pull real-time reports on who has uploaded documentation, offering a solution for centralized tracking, saving time, and improving accuracy. This new solution is ideal for vaccine status tracking, document storage, and reporting. Financial Wellness: There are a number of stressors on an employee's finances—household budgeting, managing debt, taxes, and properly investing and saving for the future. To help customers support their employees, Paychex is offering Financial Wellness services through a FinFit® integration. FinFit is a free financial wellness benefit that is now fully integrated with a user's Paychex login and a tool for customers looking to recruit, retain, and keep their employees productive with a financial wellness program. Paychex Iris Time Clock: Leveraging precise face and iris recognition, the Paychex Iris Time Clock is a safe and efficient way to capture accurate time and attendance data for dynamic workforce. Designed to mirror the intuitive experience of a smartphone or tablet, this biometric time clock quickly identifies employees—with or without critical PPE—and provides secure access to pay adjustments, time-off balances, schedules, and more. New features promote employee self-service and minimize the time employers spend manually fielding HR requests as the data is centralized and fully integrated with Paychex Flex®, the company's SaaS-based HR software. Aankondiging • Feb 10
Paychex, Inc. to Report Q3, 2022 Results on Mar 30, 2022 Paychex, Inc. announced that they will report Q3, 2022 results Pre-Market on Mar 30, 2022 Reported Earnings • Dec 24
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: EPS: US$0.92 (up from US$0.76 in 2Q 2021). Revenue: US$1.11b (up 13% from 2Q 2021). Net income: US$332.1m (up 22% from 2Q 2021). Profit margin: 30% (up from 28% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 6.1%, compared to a 15% growth forecast for the industry in Germany. Aankondiging • Dec 23
Paychex, Inc. Provides Earnings Guidance for the Year Ending May 31, 2022 Paychex, Inc. provided earnings guidance for the year ending May 31, 2022. Management Solutions revenue is now anticipated to grow in the range of 10% to 11% and total revenue is now anticipated to grow in the range of 10% to 11%. Recent Insider Transactions • Dec 13
Chairman & CEO recently sold €349k worth of stock On the 8th of December, Martin Mucci sold around 3k shares on-market at roughly €109 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.6m. Martin has been a seller over the last 12 months, reducing personal holdings by €4.1m. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Kevin Price was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 22
Upcoming dividend of US$0.66 per share Eligible shareholders must have bought the stock before 29 October 2021. Payment date: 29 November 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.9%). Recent Insider Transactions • Oct 17
Senior Vice President of Sales recently sold €1.6m worth of stock On the 15th of October, Mark Bottini sold around 16k shares on-market at roughly €103 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Reported Earnings • Oct 01
First quarter 2022 earnings released: EPS US$0.93 (vs US$0.59 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: US$1.08b (up 16% from 1Q 2021). Net income: US$333.6m (up 58% from 1Q 2021). Profit margin: 31% (up from 23% in 1Q 2021). The increase in margin was driven by higher revenue. Aankondiging • Sep 24
Paychex Fall '21 Product Launch Helps Businesses Navigate New Employment Landscape Paychex, Inc., has announced new enhancements designed to help employers hire and keep top talent in an ever-changing business climate, improve efficiency through automation, and provide access to HR information whenever and wherever is most convenient to them and their employees. Highlighting the Paychex Fall '21 release are: Paychex Pre-Check: In today's competitive hiring environment, payroll accuracy and timeliness are paramount to retention. Initiated through Paychex Flex®, the company's SaaS-based HR software, employees are notified on the channel of their choice – including smart watches and smart speakers – that their gross-to-net paystub is ready to be securely reviewed. Employees may perform the review in Paychex Flex mobile app and are prompted to confirm the amount's accuracy or report an issue to the employer's administrator, who can address the potential issue before payday. Talent Management: In light of the "Great Resignation," retention has become a critical component of any talent strategy. Paychex has introduced three new resources within Paychex Flex to help inform HR decisions: Retention Insights: A predictive analytic based on dozens of data points to identify employees who may be more likely to consider leaving the organization. Pay Benchmarking: Allows employers to compare compensation details by position against national data provided by the Bureau of Labor Statistics. Talent Dashboard: Takes compensation a step further with a dashboard that pulls together Retention Insights, time off balances, and performance management ratings into one place, allowing administrators to compare the performance rating and compensation of each job position. Amazon Alexa Integration: The expansion of conversational AI and voice integration across Paychex Flex makes it easy for users to interact with the application from anywhere. With the addition of Amazon Alexa to existing integrations with Google Assistant and Siri Shortcuts, Paychex Flex is the first HCM application to offer integration with three of the major voice assistant platforms. Paychex Flex Time-off Management: A new solution to help employers save time and reduce manual tasks while offering a clear, real-time view of time-off balances, this provides organizations a cohesive system for tracking time off. For customers leveraging Paychex Flex and Paychex Flex Time, the process is automated. Globalization Partners: With more businesses allowing remote work and the talent ecosystem broadening worldwide, Paychex has aligned with Globalization Partners to offer international payroll and HR services for Paychex customers who are hiring outside of the U.S. Recent Insider Transactions • Aug 03
Insider recently sold €66k worth of stock On the 1st of August, Robert Schrader sold around 686 shares on-market at roughly €95.95 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.8m. Insiders have been net sellers, collectively disposing of €9.2m more than they bought in the last 12 months. Upcoming Dividend • Jul 23
Upcoming dividend of US$0.66 per share Eligible shareholders must have bought the stock before 30 July 2021. Payment date: 26 August 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.9%). Recent Insider Transactions • Jul 20
Senior Vice President of Service recently sold €185k worth of stock On the 15th of July, John Gibson sold around 2k shares on-market at roughly €95.38 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.8m. Insiders have been net sellers, collectively disposing of €7.5m more than they bought in the last 12 months. Reported Earnings • Jul 18
Full year 2021 earnings released: EPS US$3.05 (vs US$3.06 in FY 2020) The company reported a mediocre full year result with flat earnings, revenues and profit margins. Full year 2021 results: Revenue: US$4.06b (flat on FY 2020). Net income: US$1.10b (flat on FY 2020). Profit margin: 27% (in line with FY 2020). Recent Insider Transactions • Jul 13
President recently sold €2.8m worth of stock On the 9th of July, Martin Mucci sold around 30k shares on-market at roughly €94.32 per share. This was the largest sale by an insider in the last 3 months. This was Martin's only on-market trade for the last 12 months. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS US$3.05 (vs US$3.06 in FY 2020) The company reported a mediocre full year result with flat earnings, revenues and profit margins. Full year 2021 results: Revenue: US$4.06b (flat on FY 2020). Net income: US$1.10b (flat on FY 2020). Profit margin: 27% (in line with FY 2020).