Our estimate for revenues from Management Solutions is pegged at $930.2 million, implying a 2.8% year-overyear rise. Management Solutions is likely to have benefited from growth in the number of clients served across the suite of HCM solutions and an increase in product penetration. Paychex, Inc. (PAYX) will release its fourth-quarter fiscal 2024 results on Jun 26, before market open. IPG's adjusted earnings (excluding 7 cents from non-recurring items) of 36 cents per share met the Zacks Consensus Estimate ...

Wall Street analysts forecast that Paychex (PAYX) will report quarterly earnings of $1.10 per share in its upcoming release, pointing to a year-over-year increase of 13.4%. It is anticipated that revenues will amount to $1.3 billion, exhibiting an increase of 5.6% compared to the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Ahead of ...

UKRAINE - 2021/12/17: In this photo illustration, Paychex, logo seen displayed on a smartphone. ... [+] (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Paychex stock currently trades at $118 per share, around 16% below its level of $141 seen on April 6, 2022 (pre-inflation shock high), and has the potential for gains. In comparison, the company's peer ADP stock has remained roughly flat over the same period. Paychex Paychex saw its sto ...

Paychex, Inc. (PAYX) has had an impressive run over the past year, appreciating 15%. The company has an expected long-term (three to five years) EPS growth rate of 7.3%. Its earnings for fiscal 2024 and 2025 are anticipated to grow 10.3% and 5.6%, respectively, year over year. Factors That Bode Well Paychex has seen significant growth by providing industry-leading service and technology solutions to clients and employees. This growth is driven by a robust business model, diverse offerings and strategic acqu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 29, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from __________to __________ Commission file number 0-11330 _______________________________ ...

Paychex, Inc. (NASDAQ:PAYX) Q3 2024 Results Conference Call April 2, 2024 9:30 AM ET Company Participants John Gibson - President and Chief Executive Officer Bob Schrader - Chief Financial Officer Conference Call Participants Mark Marcon - Baird Kevin McVeigh - UBS Tien-Tsin Huang - JPMorgan Bryan Bergin - TD Cowen Samad Samana - Jefferies James Faucette - Morgan Stanley Ramsey El-Assal - Barclays David Paige - RBC Capital Markets Bryan Keane - Deutsche Bank Scott Wurtzel - Wolfe Research Operator Good day, ...

PRESS RELEASE OF PAYCHEX, INC. DATED APRIL 2, 2024 Paychex, Inc. Reports Third Quarter Results: Sustained Growth in Revenue and Earnings Rochester, N.Y. - (April 02, 2024) - Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the fiscal quarter ended February 29, 2024 (the "third quarter"), as compared to the corresponding prior-year period: | | For the three months ended | | | | | | ended | For the nine months | | | | --- | --- | --- | --- | --- | --- | ...

Financial Performance - Total service revenue for the second quarter of 2023 was $1,226.4 million, a 5% increase compared to $1,168.6 million in the prior year[98]. - Net income for the second quarter of 2023 reached $392.7 million, reflecting a 9% increase from $360.3 million in the same period last year[99]. - Diluted earnings per share for the second quarter of 2023 were $1.08, up 9% from $0.99 in the prior year[99]. - Management Solutions revenue was $930.7 million for the second quarter, representing a 4% increase year-over-year[99]. - PEO and Insurance Solutions revenue increased by 8% to $295.7 million for the second quarter compared to $273.3 million in the prior year[99]. - Total revenue for the six months ended November 30, 2023, was $2,543.9 million, a 6% increase from $2,396.5 million in the prior year[98]. - Total expenses for the second quarter were $751.7 million, reflecting a 5% increase from $718.0 million in the prior year[105]. - Operating income increased 7% to $506.2 million for the second quarter, driven by revenue growth outpacing expense increases[105]. - Adjusted diluted earnings per share for the second quarter was $1.08, a 9% increase from $0.99 in the prior year[110]. Cash Flow and Investments - Cash flow from operations was $1.0 billion for the six months ended November 30, 2023[113]. - The company reported net cash used in investing activities of $(109.7) million, a decrease of $1,137.5 million compared to the previous year[125]. - For the six months ended November 30, 2023, net cash provided by operating activities was $1,004.3 million, an increase of $284.6 million compared to the prior year[125]. - The company maintained a strong financial position with cash, restricted cash, and total corporate investments of $1.4 billion as of November 30, 2023[113]. - The average interest rate earned on combined funds held for clients and corporate cash equivalents was 3.7% for the six months ended November 30, 2023, compared to 2.0% for the prior year[133]. - As of November 30, 2023, the company had $3.3 billion invested in AFS securities at fair value, with a weighted-average yield-to-maturity of 3.0%[140]. - The net unrealized losses on the investment portfolio were $187.2 million as of November 30, 2023, reflecting fluctuations driven by changes in market interest rates[139]. - The company expects its total investment portfolio to average approximately $6.0 billion for the year ending May 31, 2024, with 40% in short-term securities and 60% in AFS securities[138]. Shareholder Returns - Dividends paid to stockholders increased by 12% to $320.2 million in the second quarter compared to $284.7 million in the prior year[98]. - Cash dividends per common share increased from $1.58 to $1.78 compared to the prior year period[125]. - The company repurchased 1.5 million shares of common stock at a weighted average price of $115.37 per share during the six months[131]. Tax and Interest - The effective income tax rate for the second quarter was 24.2%, consistent with the prior year[99]. - Interest on funds held for clients rose by 44% to $31.5 million for the second quarter, compared to $21.7 million in the prior year[99]. - Interest on funds held for clients was $31.5 million for the second quarter, a 44% increase due to higher average interest rates[103]. Debt and Commitments - The company borrowed $800.0 million through the issuance of long-term private placement debt, with Series A and Series B Senior Notes having stated interest rates of 4.07% and 4.25%, respectively[121]. - As of November 30, 2023, the company had outstanding commitments to purchase approximately $3.9 million of capital assets and contributed approximately $22.6 million of a total funding commitment of $30.0 million to venture capital funds in the financial technology sector[122]. Accounting and Risk - Recently adopted accounting pronouncements are discussed in Note A of the Notes to Consolidated Financial Statements (Unaudited) in Item 1 of Form 10-Q[147]. - Recently issued accounting pronouncements are also detailed in Note A of the Notes to Consolidated Financial Statements (Unaudited) in Item 1 of Form 10-Q[147]. - Market risk factors are addressed under the caption "Market Risk Factors" in Item 2 – Management's Discussion and Analysis of Financial Condition and Results of Operations[148].

Paychex, Inc. (NASDAQ:PAYX) Q2 2024 Earnings Conference Call December 21, 2023 9:30 AM ET Company Participants John Gibson - President and Chief Executive Officer Bob Schrader - Chief Financial Officer Conference Call Participants Kevin McVeigh - UBS Andrew Nicholas - William Blair Ramsey El-Assal - Barclays Bryan Bergin - TD Cowen Jason Kupferberg - Bank of America Peter Christiansen - Citi Kartik Mehta - Northcoast Research Samad Samana - Jefferies Bryan Keane - Deutsche Bank James Faucette - Morgan Stanl ...

Second Quarter Highlights and Financial Results Forward Looking Statements 2 | --- | |---------------------------------------| | | | | | An industry-leading human capital | | management ("HCM") company | | delivering a full suite of technology | | and advisory services in human | | resources, employee benefit | | solutions, insurance and payroll | | for small- to medium-sized | | businesses. | • Leading-edge technology platform backed by HR and compliance expertise • ~740,000 clients(1) 3 (1) As of May 31, ...