PAYX Stock Recent News

Investors looking for stocks in the Outsourcing sector might want to consider either Barrett Business Services (BBSI) or Paychex (PAYX). But which of these two stocks is more attractive to value investors?

Investors with an interest in Outsourcing stocks have likely encountered both Barrett Business Services (BBSI) and Paychex (PAYX). But which of these two stocks presents investors with the better value opportunity right now?

Paychex's (PAYX) solid business model, diversified products and services and strategic acquisitions boost top-line growth.

Paychex's latest quarterly results once again exceeded analysts' expectations for earnings and revenue. The company's share price might not be presenting the most opportune time to consider jumping in, but for a long-term investor, the prospects of future growth are compelling. Paychex has a clean balance sheet with no net debt and has been experiencing strong earnings growth, making it a potential buy for long-term investors.

Paychex, Inc. provides human capital management solutions for small and medium sized businesses, simplifying HR, payroll, benefits, and insurance processes. Despite steady share prices, Paychex's stock isn't considered cheap, trading at nearly 25x forward non-GAAP earnings. Paychex faces substantial competition, including giants like ADP and innovative firms like Gusto.

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Paychex's (PAYX) earnings and revenues grow year over year due to in-demand HR solutions.

The headline numbers for Paychex (PAYX) give insight into how the company performed in the quarter ended August 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Paychex (NASDAQ:PAYX) stock edged higher in pre-market trade on Wednesday after it reported first quarter fiscal 2024 sales and earnings that beat Wall Street forecasts. Shares of Paychex (NASDAQ:PAYX), which provides a range of human resources, payroll and benefits solutions software, added 1.3% to US$114.22 shortly before the opening bell in New York.

Shares of Paychex Inc. jumped 3.8% in premarket trading Wednesday, after the human resources services company reported fiscal first-quarter profit and revenue that rose above expectations, and nudged up its full-year outlook.