에 대한 최신 뉴스 Paychex (NASDAQ:PAYX) 주식

Paychex

Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, founded in 1971, services over 745,000 clients and pays 1 in 12 US private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.

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블록에 신규 등장 TD 은행, 또는 토론토 도미니언 은행(TSX:TD)이 찰스 슈왑에 대한 10.1% 지분 매각을 고려 중이다. 이 매각은 이 캐나다 은행의 미국 자금 세탁 스캔들에 따른 전략적 검토의 일환이다. TD 은행의 신임 CEO인 레이먼드 천(Raymond Chun)이 블룸버그에 이 과정을 확인했다.

딜 디스패치: TD 은행이 찰스 슈왑 지분을 판매할까? 아이노비아, 스마트 쉐어가 시장에

Paychex Inc

<h2 class="wp-block-heading">New On The Block</h2>
TD Bank, or Toronto-Dominion Bank (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TD#TSX">TD</a>), will consider selling its 10.1% stake in Charles Schwab Corp. The sale is part of a strategic review stemming from the Canadian bank&#8217;s <a href="https://www.benzinga.com/government/24/10/41271816/td-bank-to-face-3b-penalty-growth-limits-in-us-settlement-over-anti-money-laundering-failures">U.S. money-laundering scandal</a>. 
Incoming TD Bank CEO Raymond Chun confirmed the process to <a href="https://www.bloomberg.com/news/articles/2025-01-07/td-mulling-fate-of-schwab-stake-in-review-incoming-ceo-says?srnd=phx-deals">Bloomberg</a>.
Meanwhile, Eyenovia Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>) hired New York-based investment bank Chardan to explore either a reverse merger or sale. The ophthalmic technology company is keen on conserving cash while continuing to develop its <a href="https://www.benzinga.com/general/biotech/24/08/40514648/why-is-eye-disease-focused-eyenovia-stock-trading-higher-on-thursday">Gen-2 Optejet device</a>. 
By cutting spending by 60%, Eyenovia is stretching its financial resources to give itself more time to consider potential opportunities. Whether that turns out to be a deal remains to be seen.
Smart Share Global Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EM#NASDAQ">EM</a>) is also considering buyout offers. So far, only Trustar Capital offered to take the company private at 62 cents per share. That&#8217;s <a href="https://www.benzinga.com/news/small-cap/25/01/42809956/why-is-smart-share-global-stock-surging-premarket-on-monday">a tempting 74.8% premium</a>. 
Smart Share boasted a financial war chest of $440.9 million as of mid-2024.
Lastly, Warburg Pincus is exploring a sale of Boca Raton, Florida-based medical software firm Modernizing Medicine. Reuters reports that the auction could attract bids north of $5 billion.
<h2 class="wp-block-heading">Off The Block</h2>
Revelyst, the former Vista Outdoor Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTO#NYSE">VSTO</a>) unit that includes bicycle-related brands, is officially owned by investment firm Strategic Value Partners as part of a $1.125 billion deal. 
True Religion, the jeans brand that&#8217;s as resilient as its famously chunky stitching, has a new owner. After surviving <a href="https://www.latimes.com/business/story/2020-04-13/true-religion-files-for-bankruptcy-again-as-denims-allure-fades">two bankruptcies</a>, the brand began collecting offers from apparel companies and private equity firms, CNBC <a href="https://www.cnbc.com/2024/02/15/jeans-brand-true-religion-exploring-sale.html">reported</a> last year. Acon Investments, teaming up with a fund led by American Eagle CEO Jay Schottenstein, emerged as a winning bidder.
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42913622/dollar-soars-to-27-month-highs-30-year-yields-hit-5-stocks-tumble-jobs-report-oil-spike-darken-feds-interest-rate-cut-hopes">Dollar Soars To 27-Month Highs, 30-Year Yields Hit 5%, Stocks Tumble As Jobs Report, Oil Spike Darken Fed&#8217;s Interest Rate Cut Hopes</a>
<h2 class="wp-block-heading">Updates From The Block</h2>
Houston-based gas power producer Calpine received a $30-billion offer from Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), a nuclear power giant known for its &#8220;emissions-free&#8221; messaging. The deal marks a significant pivot for Constellation, which spun off from Exelon in 2022 and has since doubled its share price. Calpine, previously taken private in 2018 for $17 billion by Energy Capital Partners, Access Industries and CPP Investments, would bring a major gas-fired portfolio under Constellation&#8217;s umbrella, forcing a rethinking of its <a href="https://www.benzinga.com/topic/green-energy">green-energy branding</a>.
Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Fubotv Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) have agreed to merge their <a href="https://www.benzinga.com/general/entertainment/25/01/42857294/fubo-gets-fairy-tale-outcome-analyst-says-disney-deal-lowers-risks-overhang-on-stock">live TV streaming businesses</a>. Disney will take a 70% ownership stake in Fubo and the combined entity will become the second-largest live TV streamer in North America, with 6.2 million subscribers — trailing YouTube TV. Hulu + Live TV is included in the deal, while the rest of Hulu remains independent. As part of the agreement, Fubo <a href="https://www.benzinga.com/markets/equities/24/09/40855153/fubotvs-lawsuit-against-disney-fox-and-warner-scheduled-for-october-2025-trial-report">will drop its lawsuit</a> against Disney-backed Venu Sports. Disney and its partners will pay Fubo $220 million and Disney will provide a $145 million term loan due in 2026. The deal also includes a $130 million termination fee if it fails to close due to regulatory issues.
KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) is extending its offer period to FUJI SOFT shareholders from Jan. 9 to Jan. 24, seemingly hoping patience will outlast Bain Capital's aggressive courtship. Bain Capital, meanwhile, has gone full &#8220;hostile partial takeover&#8221; mode. But KKR, as the largest shareholder, is reportedly confident that Bain Capital's offer <a href="https://www.benzinga.com/25/01/42894417/kkr-extends-tender-offer-for-fuji-soft-amid-bain-capitals-hostile-bid">will not gain traction</a>.
Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) is acquiring Paycor HCM, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYCR#NASDAQ">PYCR</a>) in an all-cash deal valued at $4.1 billion, offering $22.50 per share — a 19% premium over Paycor's recent trading average. The acquisition, unanimously approved by both companies&#8217; boards, is set to close in the first half of 2025, <a href="https://www.benzinga.com/25/01/42855388/paychex-buys-paycor-41-billion-deal-to-strengthen-ai-driven-hr-solutions">pending regulatory approvals</a>.
The Goodyear Tire &amp; Rubber Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) entered <a href="https://www.benzinga.com/25/01/42873285/goodyear-sells-dunlop-brand-to-sumitomo-rubber-expects-65-million-annual-soi-impact">a deal to sell its Dunlop brand</a> to Sumitomo Rubber Industries (SRI) for cash <a href="https://www.benzinga.com/pressreleases/25/01/n42865505/goodyear-announces-sale-of-dunlop-brand-to-sumitomo-rubber-industries" target="_blank" rel="noreferrer noopener">proceeds of around $701 million</a>. The purchase amount covers the brand transfer across Europe, North America and Oceania, a transition support fee and Dunlop tire inventory purchase. The deal also includes ongoing offtake, licensing and other commercial arrangements. Dunlop brand includes trademarks and related intangible assets for consumer, commercial and specialty tires across Europe, North America and Oceania. As per the deal, Goodyear will continue producing and distributing Dunlop consumer tires in Europe until at least Dec. 31, 2025, paying royalties to SRI while retaining all profits.
Italy&#8217;s Banca Ifis on Wednesday made a 298 million euro ($309 million) offer in shares and cash for its competitor, specialty lender Illimity Bank S.p.A. 
<h2 class="wp-block-heading">Bankruptcy Block</h2>
Prospect Medical Holdings is working with law firm Sidley Austin and consulting firm Alvarez &amp; Marsal to restructure three Connecticut hospitals that are under financial strain, according <a href="https://www.wsj.com/articles/prospect-medical-explores-restructuring-56ab7a48" target="_blank" rel="noreferrer noopener">to</a> The Wall Street Journal. Prospect purchased the hospitals (located in Waterbury, Manchester and Vernon) in 2016. Yale New Haven Health System intended to buy the hospitals for $435 million in 2022, but an agreement never came to fruition. As of Friday, the hospitals have not yet filed for bankruptcy.
Corsa Coal Corp. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/CSO#TSXV">CSO</a>) filed for voluntary chapter 11 relief in the U.S. Bankruptcy Court for the Western District of Pennsylvania on Jan. 6. It intends to conduct a sale of its assets. The company committed $15 million in debtor-in-possession financing to support operations during the bankruptcy and sale process.
<h2 class="wp-block-heading">Notes From The Block</h2>
<ul>
<li>At least 686 U.S. companies filed for bankruptcy in 2024, according to the <a href="https://www.ft.com/content/ac3c1e2f-c9bc-417e-a686-7170e1bf8533">Financial Times</a>.</li>
<li>That&#8217;s up about 8% from 2023. It&#8217;s also higher than any year since the 828 filings in 2010. Recall how companies were still reeling from the financial crisis at the time.</li>
<li>At least 30 of last year's bankruptcy filers had at least $1 billion in liabilities at the time of filing, the publication noted, citing data from S&amp;P Global Market Intelligence.</li>
<li>Some of the major bankruptcies from 2024 included Party City, Tupperware, Red Lobster, Spirit Airlines and Avon Products.</li>
<li>It&#8217;s worth noting that liability management exercises are becoming increasingly common. These out-of-court sessions are meant to serve as a workaround or alternative to bankruptcy.</li>
<li>Joshua Clark, a senior director at Fitch Ratings, notes that many of the companies that go through those types of ordeals go bankrupt anyway if a debt agreement falls apart.</li>
</ul>
For last week&#8217;s Deal Dispatch, <a href="https://www.benzinga.com/general/health-care/25/01/42793786/deal-dispatch-vera-bradley-party-city-modells-interest">click here</a>.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/real-estate/25/01/42877452/27-million-price-tag-for-late-hasbro-ceos-beverly-hills-oasis">$27 Million Price Tag For Late Hasbro CEO&#8217;s Beverly Hills Oasis</a></li>
</ul>

Deal Dispatch: TD Bank To Sell Charles Schwab Stake? Eyenovia, Smart Share Hit Auction Block

Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) shares are trading higher on Tuesday after the company disclosed a deal to fully acquire Paycor HCM, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYCR#NASDAQ">PYCR</a>) in an all-cash transaction representing&nbsp;an <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b42843436/paychex-enters-into-definitive-agreement-to-acquire-paycor" rel="noreferrer noopener">enterprise&nbsp;value of around $4.1 billion.</a>
Paychex will acquire Paycor for $22.50 per share, which represents a 19% premium over Paycor&#8217;s 30-day volume-weighted average trading price as of January 3, 2025.
The Apax Funds acquired a majority stake in Paycor in&nbsp;November 2018&nbsp;for&nbsp;$1.3 billion&nbsp;and took the <a target="_blank" href="https://www.benzinga.com//node/42847975" rel="noreferrer noopener">company public in&nbsp;July 2021.&nbsp;</a>
Paychex plans to maintain its dividend policy and strong balance sheet, with committed financing in place for the transaction, which will be supported by incremental debt.
The agreement has been unanimously approved by the Boards of Directors of both companies. The acquisition is expected to close in the first half of 2025, pending regulatory approvals and other customary closing conditions.
The deal is expected to generate over $80 million in cost synergies and significant revenue synergies, with the acquisition being neutral to slightly accretive to EPS in the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">first fiscal year and accretive thereafter</a>.
The acquisition is expected to create a comprehensive HCM portfolio, enhancing Paychex&#8217;s ability to serve all customer segments.
Paycor&#8217;s upmarket strength complements Paychex&#8217;s existing position, expanding sales coverage and growth opportunities through strategic partnerships.
John Gibson, President and CEO of Paychex highlighted that acquiring Paycor will enhance Paychex&#8217;s upmarket capabilities, broaden its AI-driven HR technology, and provide new growth opportunities.
As of November 30, 2024, PAYX had $1.3 billion in cash and investments and $841.1 million in operating <a href="https://www.benzinga.com/24/12/42593740/paychex-maintains-fiscal-2025-outlook-as-q2-results-show-mixed-performance-across-key-revenue-segments" target="_blank" rel="noreferrer noopener">cash flow for the six months</a>.
Investors can gain exposure to the stock via&nbsp;USCF ETF Trust USCF Dividend Income Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDI#NYSE">UDI</a>) and WBI BullBear Value 3000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBIF#NYSE">WBIF</a>).
Price Action: PAYX shares are up 2.11% at $138.93 at the last check Tuesday, while PYCR is down 3.06%.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42826154/wall-street-rallies-chipmakers-soar-ahead-of-nvidias-huang-speech-bitcoin-reclaims-100000-whats-driving-markets-monday" target="_blank" rel="noreferrer noopener">Wall Street Rallies, Chipmakers Soar Ahead Of Nvidia&#8217;s Huang Speech, Bitcoin Reclaims $100,000: What&#8217;s Driving Markets Monday?</a></li>
</ul>
Image via Shutterstock.

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Paychex Snaps Up Paycor: $4.1 Billion Deal To Strengthen AI-Driven HR Solutions

Paychex To Acquire Paycor For $22.50 Per Share In Cash

Wall Street is in full risk-on mode, as traders eagerly snap up technology stocks, particularly semiconductors, ahead of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang&#8216;s speech later on Monday at the Consumer Electronics Show <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42822846/nvidia-5000-series-product-updates-make-it-top-semiconductor-pick-ahead-of-jensen-huangs-ces-keynote-analyst">in Las Vegas.</a>
Tech-linked indices and sector outperformed by midday trading in New York. The Nasdaq 100 notched a 1.3% increase while the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) soared by over 4%, eyeing the strongest session since mid-September.
Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares led gains, flagging a 12% surge, on the back of expectations for strong AI demand. Nvidia rose 4.8%.
Among Monday&#8217;s notable headlines, The Washington Post reported Donald Trump&#8217;s economic team is exploring a more targeted version of its universal tariff plan, aiming to apply tariffs to specific sectors rather than implementing a broad <a href="https://www.benzinga.com/25/01/42813324/trumps-universal-tariff-plans-take-shape-analysts-expect-stronger-for-longer-greenback">measure on all imports. </a>The dollar softened by 0.5% in reaction to the news.
The Federal Reserve announced the vice chair for supervision Michael Barr, a strong advocate for tighter banking regulations, will step down from his role in February but will retain his seat on the Board of Governors.
&#8220;The risk of a dispute over the position could be a distraction from our mission,&#8221; Barr stated, alluding to potential clashes with the incoming administration&#8217;s inclination toward looser banking regulations. Regional bank stocks reacted positively, with the S&amp;P SPDR Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) rising 1.6% on Monday.
In commodities markets, natural gas prices rocketed by another 7% on the heels of an extension of cold temperatures, while oil prices slipped 0.7%, potentially snapping a 5-day winning streak. 
Sentiment turned bullish again in cryptocurrency markets, as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ferociously reclaimed the $100,000 mark, sending crypto-linked stocks such as Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), CleanSpark Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) and Microstrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) all higher by about 6%. 
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,584.34</td>
<td>1.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,996.40</td>
<td>0.9%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,284.16</td>
<td>0.7%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,832.88</td>
<td>0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010625&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.9% to $597.33.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.4% to $429.05.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 1.3% to $525.31.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) soared 0.9% to $226.44.</li>
<li>The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 1.7%; the&nbsp;Utilities Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 0.7%.</li>
</ul>
<h1 class="wp-block-heading">Monday&#8217;s Stock Movers</h1>
<ul>
<li>Shares of Paycor HCM Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYCR#NASDAQ">PYCR</a>) surged 23% after reports surfaced that the company is nearing a potential acquisition by Paychex Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>). </li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) tumbled over 4% following a cautious note from Morgan Stanley. </li>
<li>Fubotv Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) skyrocketed by 220% after Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) announced to combine its Hulu + Live TV business with Fubo.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/01/42822625/big-techs-date-with-antitrust-alphabet-meta-amazon-brace-for-legal-showdowns-in-2025">Big Tech&#8217;s Date With Antitrust: Alphabet, Meta, Amazon Brace For Legal Showdowns In 2025</a></li>
</ul>
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Wall Street Rallies, Chipmakers Soar Ahead Of Nvidia's Huang Speech, Bitcoin Reclaims $100,000: What's Driving Markets Monday?

Barclays analyst Ramsey El-Assal maintains Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a Equal-Weight and raises the price target from $135 to $140.

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Analyst Ratings

Barclays Maintains Equal-Weight on Paychex, Raises Price Target to $140

10 analysts have expressed a variety of opinions on Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">9</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">8</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Paychex and provided 12-month price targets. The average target is $138.9, accompanied by a high estimate of $148.00 and a low estimate of $130.00. Witnessing a positive shift, the current average has risen by 8.77% from the previous average price target of $127.70.
<img src="https://www.benzinga.com/files/images/story/2024/1734717653_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Paychex among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ashish Sabadra</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$148.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$139.00</td>
<td>$133.00</td>
</tr>
<tr>
<td>Bryan Bergin</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$131.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>David Grossman</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$141.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Samad Samana</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$130.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Ashish Sabadra</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$148.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Kevin Mcveigh</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$142.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>James Faucette</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$133.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Peter Christiansen</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$132.00</td>
<td>$118.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Paychex. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Paychex compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Paychex's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of Paychex's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PAYX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Paychex analyst ratings.</a>
<h2>Get to Know Paychex Better</h2>
Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, founded in 1971, services over 745,000 clients and pays 1 in 12 US private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.
<h3>Key Indicators: Paychex's Financial Health</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Over the 3 months period, Paychex showcased positive performance, achieving a revenue growth rate of 2.53% as of 31 August, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Paychex's net margin is impressive, surpassing industry averages. With a net margin of 32.42%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Paychex's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 11.17%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Paychex's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.1%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.23, Paychex adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying Paychex: Insights From 10 Analyst Reviews

RBC Capital analyst Ashish Sabadra reiterates Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a Sector Perform and maintains $148 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Paychex, Maintains $148 Price Target

The day after a volatile Federal Reserve meeting, Wall Street grappled with the stark reality of Fed Chair <a href="https://www.benzinga.com/topic/jerome-powell">Jerome Powell</a>&#8216;s cautious tone on cutting interest rates in 2024. The message left investors weighing the impact of higher-for-longer interest rates amid<a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42585715/us-gdp-upwardly-revised-to-31-in-q3-jobless-claims-drop-more-than-expected-treasury-yields-hit-7-month-highs"> a still-resilient economy.</a>
Despite the hawkish undertones, stocks managed to stabilize, with major indices posting modest gains as dip-buyers emerged.
The S&amp;P 500 rose 0.5%, recovering from a steep 3% selloff on Wednesday—its worst one-day drop since September 2022. The Dow Jones Industrial Average gained 0.4%, attempting to break a staggering 10-day losing streak, its longest since 1974, while the tech-heavy Nasdaq 100 edged 0.3% higher. 
While equities regained some ground, market conviction remains tepid as investors brace for Friday's release of the November inflation report, a critical data point for the Federal Reserve&#8217;s future policy decisions. The report could either reaffirm the Fed's hawkish stance or inject hope for an <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42598354/wall-street-pins-hopes-on-fridays-crucial-fed-inflation-report-yet-a-miracle-is-needed-to-shift-the-narrative">lower-than-expected data.</a>
Thursday's economic data continued to underscore the resilience of the U.S. economy. Third-quarter GDP growth was upwardly revised from 2.8% to 3.1%, amid strong consumer spending. Weekly jobless claims fell to 220,000 last week, below forecasts of 230,000, signaling a still-tight labor market.
The bond market extended its selloff, with longer-dated Treasuries taking the biggest hit. Fixed-income investors remain under pressure, exacerbated by <a href="https://www.benzinga.com/24/12/42594797/trump-wants-to-get-rid-of-the-debt-ceiling-30-year-treasury-bonds-fall-to-2024-lows-stocks-cut-gains">recent comments from Donald Trump,</a> who floated the idea of eliminating the U.S. debt ceiling entirely—a development that could upend Treasury market dynamics.
In currency markets, the U.S. Dollar Index (DXY) rose 0.2%, hitting its highest level since November 2022, supported by robust economic data.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remained flat at $100,000, following Wednesday&#8217;s 5.6% plunge.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,903.81</td>
<td>0.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,511.46</td>
<td>0.4%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,278.46</td>
<td>0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,228.69</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:10 p.m. ET </figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.5% to $589.79.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.5% to $426.40.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged 0.3% up to $517.89.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) stalled at $220.70. </li>
<li>The&nbsp;Utilities Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up by 1%; the&nbsp;Materials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 0.6%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) plummeted over 16% after a weaker-than-expected guidance for fiscal 2025, eyeing the worst 1-day drop since March 2020. </li>
<li>Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) rallied over 6% in reaction to stronger-than-expected quarterly earnings.</li>
<li>Other stocks reacting to earnings included Darden Restaurants Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) up 15%, Cintas Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) down 10%, Paychex Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>), up 2.5%, ConAgra Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>), down 2%, FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) up 3.3%, CarMax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>), up 4.3%, and Lamb Weston Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>), down 23%. </li>
<li>Major companies slated to report their earnings after the close include FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) and Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>). </li>
</ul>
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Politics

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iShares Trust Barclays 20+ Year Treasury Bond Fund

XLRE

US Stocks Edge Up, Micron Suffers Worst Day Since March 2020, Bond Yields Surge: What's Driving Thursday's  Markets?

Payroll services company Paychex, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) shares are trading higher after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42577037/paychex-inc-reports-second-quarter-results" rel="noreferrer noopener">reported second-quarter results</a>.
The company reported sales growth of 5% year over year to $1.316 billion, which aligns with the analyst consensus estimate. Adjusted EPS of $1.14 (+6% YoY) beat the analyst <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">consensus estimate of $1.13.</a>
Management Solutions revenue rose 3% to $962.9 million, driven by client growth and higher product penetration.
PEO and Insurance Solutions revenue grew 7% to $317.9 million in he quarter, driven by higher PEO worksite employees and increased insurance revenues.
Operating income increased 6% to $538.1 million, with the operating margin rising to 40.9% from 40.2%. The expiration of the ERTC program impacted operating income.
As of November 30, 2024, the company reported $1.3 billion in cash and investments and $841.1 million in operating cash flow for the six months. The company paid $706.2 million in cumulative dividends and repurchased 828,855 shares for $104.0 million in six months.
&#8220;The demand for our comprehensive suite of solutions remains solid as we head into the selling season with a new set of award-winning solutions tailored to meet the unique needs of small and medium-sized businesses. In the face of challenging labor market conditions and rising healthcare and benefits costs, many businesses are reevaluating their HR strategies as we head into the new year,&#8221; commented President and Chief Executive Officer John Gibson.
Outlook: The fiscal 2025 outlook remains unchanged, with expected revenue growth of 4.0% &#8211; 5.5%, reflecting $5.489 billion &#8211; $5.569 billion (consensus $5.521 billion).
Paychex anticipates Management Solutions revenue growth of 3.0% &#8211; 4.0%, PEO and Insurance Solutions growth of 7.0% &#8211; 9.0%, and adjusted EPS growth of 5% &#8211; 7%, representing $4.96 &#8211; $5.05 versus the <a href="https://www.benzinga.com/calendars/guidance">$4.99 analyst estimate.</a>
Price Action: PAYX shares are trading higher by 2.64% at $139.45 at the last check Thursday.
Photo via Shutterstock.

Earnings

Paychex Delivers Q2 Earnings Beat As HR Solutions Demand Stays Strong

WIIM

Paychex shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Paychex Says FY25 Business Outlook Remains Unchanged From Previously Provided In Q1

Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) reported quarterly earnings of $1.14 per share which beat the analyst consensus estimate of $1.13 by 0.88 percent. This is a 5.56 percent increase over earnings of $1.08 per share from the same period last year. The company reported quarterly sales of $1.32 billion which met the analyst consensus estimate. This is a 4.70 percent increase over sales of $1.26 billion the same period last year.

Earnings Beats

Paychex Q2 2025 Adj EPS $1.14 Beats $1.13 Estimate, Sales $1.32B Inline

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Paychex Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>)</h3>
<ul>
<li>On Nov. 19, JP Morgan analyst Tien-Tsin Huang maintained Paychex with an Underweight rating and raised the price target from $133 to $139. The company's stock fell around 4% over the past five days and has a <a href="https://www.benzinga.com/quote/PAYX">52-week low of $114.72</a>.</li>
<li>RSI Value: 29.58&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>PAYX Price Action: Shares of Paychex fell 3.2% to close at $135.86 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1">latest PAYX news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="908" height="850" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19074317/image-164.png" alt="" class="wp-image-699579" style="width:617px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19074317/image-164.png 908w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19074317/image-164-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19074317/image-164-768x719.png 768w" sizes="(max-width: 908px) 100vw, 908px" /></a></figure>
<h3 class="wp-block-heading">Sunrun Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Dec. 17, Goldman Sachs analyst Brian Lee maintained Sunrun with a Buy and lowered the price target from $19 to $17. The company's stock fell around 12% over the past five days and <a href="https://www.benzinga.com/quote/RUN">has a 52-week low</a> of $9.13.</li>
<li>RSI Value: 28.40</li>
<li>RUN Price Action: Shares of Sunrun fell 9.1% to close at $9.15 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1"> trend in RUN stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="916" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19074410/image-165.png" alt="" class="wp-image-699581" style="width:630px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19074410/image-165.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19074410/image-165-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19074410/image-165-768x706.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
<h3 class="wp-block-heading">A O Smith Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>)</h3>
<ul>
<li>On Dec. 11, Stifel analyst Nathan Jones maintained A.O. Smith with a Buy and lowered the price target from $91 to $90. The company's stock fell around 5% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/AOS">low of $68.89.</a></li>
<li>RSI Value: 25.09</li>
<li>AOS Price Action: Shares of A O Smith fell 2.7% to close at $68.91 on Wednesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1">breakout in AOS shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="927" height="836" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19074507/image-166.png" alt="" class="wp-image-699582" style="width:567px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19074507/image-166.png 927w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19074507/image-166-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19074507/image-166-768x693.png 768w" sizes="(max-width: 927px) 100vw, 927px" /></a></figure>
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<h3>Companies Reporting Before The Bell</h3>
• Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $1.67 billion. 
• Soho House (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>) is expected to report quarterly loss at $0.01 per share on revenue of $332.86 million. 
• FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) is estimated to report quarterly loss at $1.80 per share on revenue of $40.83 million. 
• MBX Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBX#NASDAQ">MBX</a>) is likely to report earnings for its third quarter. 
• Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) is projected to report quarterly earnings at $2.02 per share on revenue of $2.87 billion. 
• Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) is expected to report quarterly earnings at $1.02 per share on revenue of $2.56 billion. 
• Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) is expected to report quarterly earnings at $1.13 per share on revenue of $1.31 billion. 
• Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) is projected to report quarterly earnings at $0.68 per share on revenue of $3.15 billion. 
• CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) is estimated to report quarterly earnings at $0.59 per share on revenue of $6.00 billion. 
• Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) is likely to report quarterly earnings at $3.42 per share on revenue of $17.17 billion. 
• FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) is likely to report quarterly earnings at $4.25 per share on revenue of $564.74 million. 
<h3>Companies Reporting After The Bell</h3>
• Mobix Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBX#NASDAQ">MOBX</a>) is likely to report earnings for its fourth quarter. 
• Innovative Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISSC#NASDAQ">ISSC</a>) is estimated to report earnings for its fourth quarter. 
• BlackBerry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) is projected to report quarterly loss at $0.01 per share on revenue of $149.98 million. 
• Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) is projected to report quarterly earnings at $2.61 per share on revenue of $584.04 million. 
• Mission Produce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVO#NASDAQ">AVO</a>) is estimated to report quarterly earnings at $0.08 per share on revenue of $216.80 million. 
• Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) is likely to report quarterly earnings at $0.83 per share on revenue of $12.47 billion. 
• FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) is estimated to report quarterly earnings at $3.95 per share on revenue of $22.14 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For December 19, 2024

In the preceding three months, 10 analysts have released ratings for Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">9</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">8</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Paychex, presenting an average target of $136.7, a high estimate of $148.00, and a low estimate of $126.00. Marking an increase of 9.36%, the current average surpasses the previous average price target of $125.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1732032031_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive Paychex is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$139.00</td>
<td>$133.00</td>
</tr>
<tr>
<td>Bryan Bergin</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$131.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>David Grossman</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$141.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Samad Samana</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$130.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Ashish Sabadra</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$148.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Kevin Mcveigh</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$142.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>James Faucette</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$133.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Peter Christiansen</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$132.00</td>
<td>$118.00</td>
</tr>
<tr>
<td>Bryan Bergin</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$126.00</td>
<td>$121.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Paychex. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Paychex compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Paychex's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Paychex's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PAYX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Paychex analyst ratings.</a>
<h2>Delving into Paychex's Background</h2>
Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, founded in 1971, services over 745,000 clients and pays 1 in 12 US private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.
<h3>Paychex: Financial Performance Dissected</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Paychex displayed positive results in 3 months. As of 31 August, 2024, the company achieved a solid revenue growth rate of approximately 2.53%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Paychex's net margin excels beyond industry benchmarks, reaching 32.42%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 11.17%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Paychex's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.1% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.23.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Paychex's Future

JP Morgan analyst Tien-Tsin Huang maintains Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a Underweight and raises the price target from $133 to $139.

JP Morgan Maintains Underweight on Paychex, Raises Price Target to $139

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Shares of professional service companies are trading higher after Donald Trump won the 2024 presidential election.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ENVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.50</td>
<td>$43.7K</td>
<td>14.6K</td>
<td>1.1K</td>
</tr>
<tr>
<td>HON</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$220.00</td>
<td>$197.6K</td>
<td>43</td>
<td>899</td>
</tr>
<tr>
<td>PAYX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$135.00</td>
<td>$35.4K</td>
<td>1.3K</td>
<td>787</td>
</tr>
<tr>
<td>KTOS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$30.00</td>
<td>$28.0K</td>
<td>535</td>
<td>257</td>
</tr>
<tr>
<td>RTX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/01/24</td>
<td>$127.00</td>
<td>$34.5K</td>
<td>64</td>
<td>220</td>
</tr>
<tr>
<td>JBLU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$25.4K</td>
<td>10.6K</td>
<td>105</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$350.00</td>
<td>$29.4K</td>
<td>52</td>
<td>104</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$130.00</td>
<td>$26.7K</td>
<td>127</td>
<td>31</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$230.00</td>
<td>$28.9K</td>
<td>287</td>
<td>7</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding ENVX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>), we observe a call option sweep with bearish sentiment. It expires in 92 day(s) on January 17, 2025. Parties traded 218 contract(s) at a $12.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $43.7K, with a price of $200.0 per contract. There were 14676 open contracts at this strike prior to today, and today 1159 contract(s) were bought and sold. 
• For HON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on October 25, 2024. This event was a transfer of 449 contract(s) at a $220.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $197.6K, with a price of $440.0 per contract. There were 43 open contracts at this strike prior to today, and today 899 contract(s) were bought and sold. 
• For PAYX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>), we notice a call option sweep that happens to be neutral, expiring in 1 day(s) on October 18, 2024. This event was a transfer of 52 contract(s) at a $135.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $35.4K, with a price of $675.0 per contract. There were 1357 open contracts at this strike prior to today, and today 787 contract(s) were bought and sold. 
• Regarding KTOS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), we observe a call option trade with bullish sentiment. It expires in 127 day(s) on February 21, 2025. Parties traded 255 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $110.0 per contract. There were 535 open contracts at this strike prior to today, and today 257 contract(s) were bought and sold. 
• For RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), we notice a call option trade that happens to be neutral, expiring in 15 day(s) on November 1, 2024. This event was a transfer of 140 contract(s) at a $127.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $247.0 per contract. There were 64 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold. 
• For JBLU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), we notice a call option trade that happens to be bearish, expiring in 92 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $255.0 per contract. There were 10662 open contracts at this strike prior to today, and today 105 contract(s) were bought and sold. 
• Regarding ETN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on October 18, 2024. Parties traded 84 contract(s) at a $350.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $350.0 per contract. There were 52 open contracts at this strike prior to today, and today 104 contract(s) were bought and sold. 
• Regarding BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we observe a call option sweep with neutral sentiment. It expires in 246 day(s) on June 20, 2025. Parties traded 7 contract(s) at a $130.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $3825.0 per contract. There were 127 open contracts at this strike prior to today, and today 31 contract(s) were bought and sold. 
• For GEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), we notice a call option trade that happens to be neutral, expiring in 29 day(s) on November 15, 2024. This event was a transfer of 6 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $28.9K, with a price of $4820.0 per contract. There were 287 open contracts at this strike prior to today, and today 7 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

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9 Industrials Stocks Whale Activity In Today's Session

TD Cowen analyst Bryan Bergin maintains Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a Hold and raises the price target from $126 to $131.

TD Cowen Maintains Hold on Paychex, Raises Price Target to $131

Stifel analyst David Grossman maintains Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a Hold and raises the price target from $130 to $141.

Stifel Maintains Hold on Paychex, Raises Price Target to $141

Needham downgraded Paycor HCM (PYCR) to Hold from Buy without a price target after the company entered into a definitive agreement to acquired by P...

Paycor HCM downgraded to Hold from Buy at Needham

William Blair analyst Andrew Nicholas has maintained their neutral stance on PAYX stock, giving a Hold rating today. Andrew Nicholas has given his ...

Paychex's Acquisition of Paycor: Opportunities and Challenges Lead to Hold Rating

Paychex ( ($PAYX) ) has shared an announcement. Paychex has announced a definitive agreement to acquire Paycor HCM in an all-cash transaction value...

Paychex Acquires Paycor HCM for $4.1 Billion

In a report released today, Ramsey El Assal from Barclays maintained a Hold rating on Paychex (PAYX – Research Report), with a price target of $140...

Barclays Sticks to Their Hold Rating for Paychex (PAYX)

Paychex Writes A Fat Check For Paycor HCM

Northland raised the firm's price target on Asure Software (ASUR) to $14 from $12.50 and keeps an Outperform rating on the shares following Paychex...

Asure Software price target raised to $14 from $12.50 at Northland

Stephens analyst Charles Nabhan downgraded Paycor HCM (PYCR) to Equal Weight from Overweight with a price target of $22.50, up from $20, based on t...

Paycor HCM downgraded to Equal Weight from Overweight at Stephens

Integrating technology into payroll systems to streamline processes is expected to strengthen the payroll services industry. Amid this, let's compare payroll services stocks Automatic Data Processing (ADP) and Paychex (PAYX) to analyze which payroll service stock is a better investment. Read on to find out… As companies aim for better insight into payroll expenses, outsourcing services provide efficient solutions for managing costs. Additionally, the growing need to cut payroll-related costs is driving the adoption of outsourcing services, offering organizations cost-effective alternatives.
The payroll outsourcing services market is forecast to grow at a <a href="https://www.technavio.com/report/payroll-outsourcing-services-market-industry-analysis">CAGR of 4.8%</a> by 2028. <a href="https://www.businessresearchinsights.com/market-reports/payroll-market-108707">Digital transformation</a> drives the market by prompting organizations to modernize their payroll processes with advanced technology and automation. This transformation is essential for improving efficiency, accuracy, compliance, and the overall employee experience.
Against this backdrop, let's compare two payroll services stocks to analyze which stock is the better investment: Automatic Data Processing, Inc. (<a href="https://stocknews.com/stock/ADP/">ADP</a>) and Paychex, Inc. (<a href="https://stocknews.com/stock/PAYX/">PAYX</a>).
The Case for Automatic Data Processing, Inc. Stock
With a $118.85 billion market cap, Automatic Data Processing, Inc. (<a href="https://stocknews.com/stock/ADP/">ADP</a>) engages in the provision of cloud-based human capital management (HCM) solutions worldwide.
It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms and human resources (HR) outsourcing solutions. 
ADP's stock has gained 23.1% over the past six months to close the last trading session at $291.69.
ADP's 48.11% trailing-12-month gross profit margin is 52.3% higher than the 31.59% industry average. Also, its 7.77% trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">Return on Total Assets</a> is 46.1% higher than the 5.32% industry average.
ADP's total revenues for the fiscal first quarter that ended September 30, 2024, increased 7.1% year-over-year to $4.83 billion. Its net earnings stood at $956.30 million, up 11.3% from the prior year's quarter. Also, its EPS grew 12.5% year-over-year to $2.34.
For the second quarter ended December 2024, ADP's revenue is expected to increase 6.5% year-over-year to $4.97 million. Its EPS for the ongoing quarter is expected to be $2.30. Moreover, the company surpassed revenue and EPS estimates in all the trailing four quarters, which is impressive.
ADP's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has a B grade for Stability and Quality. ADP is ranked #15 out of 38 stocks in the B-rated <a href="https://stocknews.com/category/outsourcing-business-services/">Outsourcing - Business Services</a> industry.
In addition to the POWR Ratings I've just highlighted, you can see ADP's ratings for Momentum, Growth, Value, and Sentiment <a href="https://stocknews.com/stock/ADP/">here</a>.
The Case for Paychex, Inc. Stock
Valued at $50.29 billion by market cap, Paychex, Inc. (<a href="https://stocknews.com/stock/PAYX/">PAYX</a>) provides integrated Human Capital Management (HCM) solutions for payroll, benefits, Human Resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. 
Shares of PAYX have surged 18.9% over the past three months but declined 3.3% over the past month to close the last trading session at $139.67.
In terms of the trailing-12-month CAPEX/Sales, PAYX's 3.07% is 8.5% lower than the 2.83% industry average. However, its 0.48x trailing-12-month asset turnover ratio is 39.4% higher than the 0.78x industry average.
PAYX's revenue increased 5% year-over-year to $1.32 billion for the fiscal 2024 second quarter that ended November 30, 2024. Moreover, the company's operations income came in at $538.10 million, up 6% year-over-year, and adjusted earnings per share grew 6% year-over-year to $1.14.
For the third quarter ending February 2025, PAYX's revenue is expected to increase 4.9% year-over-year to $1.51 billion. Its EPS for the ongoing quarter is expected to grow 7.2% year-over-year to $1.48.
PAYX's fundamentals are reflected in its POWR Ratings. The stock has an overall C rating, translating to Neutral in our proprietary rating system.
PAYX has a C grade for Momentum, Growth, and Sentiment. It is ranked #19 in the same industry.
<a href="https://stocknews.com/stock/PAYX/">Click here</a> for the additional POWR Ratings for PAYX (Value, Stability, and Quality).
ADP vs. Paychex: Which Payroll Services Stock Is the Better Investment?
The continued move toward digitalization and automation in various industries is a key factor driving the payroll services industry. Organizations are increasingly looking for modern payroll solutions that are cloud-based, scalable, and provide self-service features for employees.
Leading payroll services companies ADP and PAYX stand to capitalize on the optimistic industry outlook. However, ADP's strong profitability might make it the better payroll services stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Outsourcing - Business Services industry <a href="https://stocknews.com/category/outsourcing-business-services/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

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ADP shares were trading at $287.17 per share on Monday afternoon, down $4.52 (-1.55%). Year-to-date, ADP has declined -1.90%, versus a 1.45% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/adp-payx-adp-vs-paychex-which-payroll-services-stock-is-the-better/>ADP vs. Paychex: Which Payroll Services Stock Is the Better Investment?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

ADP vs. Paychex: Which Payroll Services Stock Is the Better Investment?

Paychex declares $0.98 dividend

Key deals this week: FuboTV - Disney, Constellation Energy, Eli Lilly, Phillips 66, Intercontinental Exchange and more

ASUR

GETY

NARI

RHHBY

RVNC

SHOT

SSTK

SVNDF

Press Releases

U.S. Small Business Job Growth Rate Remained Steady in November

Paychex, Inc. Schedules Second Quarter Fiscal 2025 Earnings Conference Call for December 19, 2024

Paychex Identifies Top Regulatory Issues for SMBs to Watch in 2025

Paychex, Inc. Reports Second Quarter Results

Paychex Flex® Perks Wins Silver in Brandon Hall Group's Excellence in Technology Awards

Paychex Enters into Definitive Agreement to Acquire Paycor

Apax Funds to Sell Their Majority Stake in Paycor HCM, Inc. to Paychex, Inc.

Legal

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Paycor HCM, Inc. (Nasdaq - PYCR), Shutterstock, Inc. (NYSE - SSTK), Universal Stainless & Alloy Products, Inc. (Nasdaq - USAP), EnLink Midstream, LLC (NYSE – ENLC)

Pace of U.S. Small Business Job Growth Moderated in 2024

Paychex Declares Quarterly Dividend

ManpowerGroup

Mastech Digital

Nixxy

Insperity

Paycom Software

Paylocity Holding Corporation - Common Stock

Paylocity Holding

Paycor HCM

Robert Half

Skillsoft

TrueBlue

Trinet Group

Upwork

Barclays

RBC Capital

TD Cowen

Stifel

JP Morgan

<h2 class="wp-block-heading">블록에 신규 등장</h2>
TD 은행, 또는 토론토 도미니언 은행(TSX:<a class="ticker" href="https://www.benzinga.com/stock/TD#TSX">TD</a>)이 찰스 슈왑에 대한 10.1% 지분 매각을 고려 중이다. 이 매각은 이 캐나다 은행의 <a href="https://www.benzinga.com/government/24/10/41271816/td-bank-to-face-3b-penalty-growth-limits-in-us-settlement-over-anti-money-laundering-failures">미국 자금 세탁 스캔들</a>에 따른 전략적 검토의 일환이다.
TD 은행의 신임 CEO인 레이먼드 천(Raymond Chun)이 <a href="https://www.bloomberg.com/news/articles/2025-01-07/td-mulling-fate-of-schwab-stake-in-review-incoming-ceo-says?srnd=phx-deals">블룸버그</a>에 이 과정을 확인했다.
한편, 아이노비아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>)는 뉴욕에 본사를 둔 투자은행 차단(Chardan)을 고용하여 역합병(reverse merger) 또는 매각을 모색하고 있다. 안과 기술 회사인 아이노비아는 현금을 아끼면서 <a href="https://www.benzinga.com/general/biotech/24/08/40514648/why-is-eye-disease-focused-eyenovia-stock-trading-higher-on-thursday">Gen-2 Optejet 기기기</a> 개발을 계속 진행하고 싶어한다.
아이노비아는 지출을 60% 줄임으로써 재정적 자원을 늘려 더 많은 시간을 확보하고 있다. 잠재적 기회가 거래로 이어질지는 두고 봐야 할 일이다.
스마트 쉐어 글로벌(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EM#NASDAQ">EM</a>)도 인수 제안을 검토 중이다. 현재까지는 트러스타 캐피털(Trustar Capital) 만이 주당 62센트에 회사를 비공개로 전환하겠다는 제안을 했다. 이는 <a href="https://www.benzinga.com/news/small-cap/25/01/42809956/why-is-smart-share-global-stock-surging-premarket-on-monday">매력적인 74.8% 프리미엄</a>이다.
스마트 쉐어는 2024년 중반 기준으로 4억 4천 9백만 달러의 재무적 전쟁 자금을 보유하고 있었다.
마지막으로, 워버그 핀커스(Warburg Pincus)는 플로리다 보카러톤에 본사를 둔 의료 소프트웨어 회사인 모더나이징 메디신(Modernizing Medicine)의 매각을 검토 중이다. 로이터에 따르면, 경매는 50억 달러 이상의 입찰을 유치할 수 있다.
<h2 class="wp-block-heading">블록에서 제외</h2>
레벨리스트(Revelyst), 전 비스타 아웃도어(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTO#NYSE">VSTO</a>)의 유닛으로 자전거 관련 브랜드를 포함한 이 회사가 11억 2,500만 달러 규모의 거래의 일환으로 투자 회사 스트래티직 밸류 파트너스(Strategic Value Partners)에 의해 공식적으로 인수되었다.
트루 릴리전(True Religion), 유명한 두꺼운 스티칭으로 견고함을 자랑하는 청바지 브랜드가 새로운 주인을 맞이했다. <a href="https://www.latimes.com/business/story/2020-04-13/true-religion-files-for-bankruptcy-again-as-denims-allure-fades">두 번의 파산</a>를 겪은 후, 이 브랜드는 의류 회사와 사모펀드로부터 제안을 받기 시작했다. CNBC가 작년에 <a href="https://www.cnbc.com/2024/02/15/jeans-brand-true-religion-exploring-sale.html">보도</a>한 바와 같이, 에이콘 인베스트먼츠(Acon Investments)가 아메리칸 이글의 CEO 제이 쇼텐스타인이 이끄는 펀드와 협력하여 최종 입찰자로 선정되었다.
참고: <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42913622/dollar-soars-to-27-month-highs-30-year-yields-hit-5-stocks-tumble-jobs-report-oil-spike-darken-feds-interest-rate-cut-hopes">달러가 27개월 만에 최고치로 상승하고 30년 만기 수익률이 5%에 도달하며 주식이 하락한 이유</a>
<h2 class="wp-block-heading">블록 업데이트</h2>
휴스턴에 본사를 둔 가스 발전 회사인 칼파인(Calpine)은 콘스텔레이션 에너지(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)로부터 300억 달러의 인수 제안을 받았다. 콘스텔레이션 에너지는 &#8220;배출가스 없는&#8221; 메시지로 알려진 원자력 발전 대기업이다. 이 거래는 엑셀론(Exelon)에서 분리된 후 주가가 두 배로 상승한 콘스텔레이션의 중요한 전환점을 나타낸다. 칼파인은 2018년에 에너지 캐피털 파트너스, 엑세스 인더스트리 및 CPP 인베스트먼츠에 의해 170억 달러에 인수된 바 있다. 칼파인을 인수하면 콘스텔레이션의 주요 가스 발전 포트폴리오가 포함되어 <a href="https://www.benzinga.com/topic/green-energy">친환경 에너지 브랜딩</a>에 대한 재고가 필요하게 된다.
월트 디즈니(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)와 푸보tv(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>)는 <a href="https://www.benzinga.com/general/entertainment/25/01/42857294/fubo-gets-fairy-tale-outcome-analyst-says-disney-deal-lowers-risks-overhang-on-stock">라이브 TV 스트리밍 사업</a>을 합병하기로 합의했다. 디즈니는 푸보에 70%의 지분을 확보하고, 결합된 법인은 620만 명의 가입자를 보유한 북미에서 두 번째로 큰 라이브 TV 스트리머가 된다. 유튜브 TV에 이어지는 수치이다. 훌루 + 라이브 TV는 이 거래에 포함되며, 나머지 훌루는 독립적으로 남게 된다. 이 협정의 일환으로, 푸보는 <a href="https://www.benzinga.com/markets/equities/24/09/40855153/fubotvs-lawsuit-against-disney-fox-and-warner-scheduled-for-october-2025-trial-report">디즈니 지원 베뉴 스포츠(Venu Sports)</a>에 대한 소송을 철회한다. 디즈니와 그 파트너들은 푸보에 2억 2천만 달러를 지급하고, 디즈니는 2026년 만기 1억 4천 5백만 달러의 만기 대출을 제공한다. 이 거래가 규제 문제로 인해 성사되지 않을 경우 1억 3천만 달러의 해지 수수료도 포함되어 있다.
KKR &amp; 컴퍼니(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>)는 후지 소프트(FUJI SOFT) 주주들을 위한 제안 기간을 1월 9일부터 1월 24일까지 연장하고, 베인 캐피털의 공격적인 인수 시도를 초월하기를 바라는 듯 보인다. 한편, 베인 캐피털은 &#8220;적대적 부분 인수&#8221; 모드로 전환했다. 그러나 KKR은 최대 주주로서 베인 캐피털의 제안이 <a href="https://www.benzinga.com/25/01/42894417/kkr-extends-tender-offer-for-fuji-soft-amid-bain-capitals-hostile-bid">실행력을 얻지 못할 것</a>이라고 확신하고 있다고 알려졌다.
페이첵스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>)는 페이코 HCM(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYCR#NASDAQ">PYCR</a>)을 41억 달러에 현금 거래로 인수하여 주당 22.50달러를 제시했다. 이는 페이코의 최근 거래 평균에 비해 19% 프리미엄이다. 양사 이사회에서 만장일치로 승인된 이번 인수는 <a href="https://www.benzinga.com/25/01/42855388/paychex-buys-paycor-41-billion-deal-to-strengthen-ai-driven-hr-solutions">규제 승인</a>을 기다리는 동안 2025년 상반기에 완료될 예정이다.
굿이어 타이어 앤드 러버 컴퍼니(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>)는 스미토모 러버 인더스트리(SRI)에 <a href="https://www.benzinga.com/25/01/42873285/goodyear-sells-dunlop-brand-to-sumitomo-rubber-expects-65-million-annual-soi-impact">던롭 브랜드를 매각</a>하는 거래를 체결했다. 이 거래는 현금 <a href="https://www.benzinga.com/pressreleases/25/01/n42865505/goodyear-announces-sale-of-dunlop-brand-to-sumitomo-rubber-industries" target="_blank" rel="noreferrer noopener">약 7억 1천만 달러의 매각 대금</a>을 포함한다. 이 금액은 유럽, 북미 및 오세아니아 전역의 브랜드 이전 비용, 전환 지원 수수료 및 던롭 타이어 재고 구매 비용을 포함한다. 이 거래에는 지속적인 오프테이크, 라이센스 및 기타 상업적 계약도 포함된다. 던롭 브랜드에는 유럽, 북미 및 오세아니아 전역의 소비자, 상업 및 전문 타이어에 대한 상표 및 관련 무형 자산이 포함된다. 이 거래에 따라 Goodyear는 최소한 2025년 12월 31일까지 유럽에서 던롭 소비자 타이어의 생산 및 유통을 계속하며, SRI에 로열티를 지급하고 모든 수익을 유지한다.
이탈리아의 방카 Ifis가 수요일에 2억 9,800만 유로(3억 0,900만 달러)의 주식과 현금으로 일리미티 은행 S.p.A.를 인수하겠다고 제안했다.
<h2 class="wp-block-heading">파산 블록</h2>
프로스펙트 메디컬 홀딩스(Prospect Medical Holdings)는 법률 회사 시들리 오스틴(Sidley Austin) 및 컨설팅 회사 알바레즈 앤 마살(Alvarez &amp; Marsal)과 협력하여 재정적 어려움에 처한 코네티컷 주 병원 3곳의 구조조정을 진행 중이다. <a href="https://www.wsj.com/articles/prospect-medical-explores-restructuring-56ab7a48" target="_blank" rel="noreferrer noopener">월스트리트 저널</a>에 따르면, 프로스펙트는 2016년에 병원(워터버리, 맨체스터 및 버넌)을 인수했다. 예일 뉴헤이븐 헬스 시스템(Yale New Haven Health System)은 2022년에 병원들을 4억 3,500만 달러에 인수할 의향이 있었으나, 합의는 이루어지지 않았다. 금요일 현재 병원들은 아직 파산 신청을 하지 않았다.
Corsa Coal(TSXV:<a class="ticker" href="https://www.benzinga.com/stock/CSO#TSXV">CSO</a>)은 1월 6일 미국 펜실베이니아 서부 지방법원에 자발적으로 챕터 11 파산 구제를 신청했다. 자산 매각을 진행할 예정이다. 이 회사는 파산 및 매각 과정에서 운영을 지원하기 위해 1,500만 달러의 채무자 인수 자금 지원을 약속했다.
<h2 class="wp-block-heading">블록의 메모</h2>
<ul>
<li><a href="https://www.ft.com/content/ac3c1e2f-c9bc-417e-a686-7170e1bf8533">파이낸셜 타임스</a>에 따르면, 2024년 동안 최소 686개의 미국 회사가 파산을 신청했다. </li>
<li>이는 2023년 대비 약 8% 증가한 수치이다. 또한 2010년의 828건 이후 가장 높은 수치이다. 당시 기업들은 금융 위기로 인해 여전히 어려움을 겪고 있었다.</li>
<li>작년의 파산 신청 기업 중 최소 30개는 파산 시점에 부채가 10억 달러 이상이었다. 이는 S&amp;P 글로벌 시장 정보의 데이터를 인용한 것이다.</li>
<li>2024년의 주요 파산 사례로는 파티 시티, 타파웨어, 레드 랍스터, 스피릿 항공 및 아본 프로덕츠 등이 있다.</li>
<li>부채 관리 작업이 점점 더 일반화되고 있다는 점은 주목할 만하다. 이러한 법정 밖 회의는 파산에 대한 우회책이나 대안으로 활용된다.</li>
<li>조슈아 클락(Joshua Clark), 피치 레이팅스(Fitch Ratings)의 선임 이사는 이러한 절차를 거치는 많은 기업들이 부채 계약이 무산되면 결국 파산에 이를 것이라고 언급했다.</li>
</ul>
지난주의 ‘딜 디스패치'에 대한 자세한 내용은 <a href="https://kr.benzinga.com/news/usa/stocks/%EB%94%9C-%EB%94%94%EC%8A%A4%ED%8C%A8%EC%B9%98-%EB%B2%A0%EB%9D%BC-%EB%B8%8C%EB%9E%98%EB%93%A4%EB%A6%AC%EB%8A%94-%EB%AA%85%EC%95%94%EC%9D%B4-%ED%98%BC%EC%9E%AC%EB%90%9C-%ED%95%B8%EB%93%9C%EB%B0%B1/" target="_blank" rel="noopener">여기를 클릭하세요</a>.
 
지금 읽어보세요:
<ul>
<li><a href="https://www.benzinga.com/real-estate/25/01/42877452/27-million-price-tag-for-late-hasbro-ceos-beverly-hills-oasis">故 해즈브로 CEO의 비벌리힐스 오아시스 가격 2,700만 달러</a></li>
</ul>


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