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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, established in 1979, services over 745,000 clients and pays over 1 in 12 U.S. 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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Wall Street experienced a mixed session on Wednesday, as investors adopted a cautious stance following Tuesday’s gains while awaiting key economic data releases later this week, including the Fed’s preferred inflation report due on Friday.

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Paychex, Inc (NASDAQ: PAYX) reported mixed Q4 results with sales growth of 5% Y/Y to $1.295 billion, missing analyst estimates. CEO expects revenue growth of 4.0%–5.5% for FY2025.

Paychex Q4 Earnings: CEO Highlights Challenges For Small And Mid-Size Businesses, Stock Slides

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Paychex reported mixed Q3 results, with 4% sales growth and $1.38 EPS beating estimates. FY24 outlook revised to 5-6% revenue growth.

Behind The Numbers: Paychex Delivers 4% Sales Growth In Q3, Raises Eyebrows With Revised Outlook

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Dow Dips Over 400 Points; Paychex Posts Downbeat Sales

Paychex Inc

Across the recent three months, 9 analysts have shared their insights on Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $121.78, with a high estimate of $130.00 and a low estimate of $111.00. This upward trend is apparent, with the current average reflecting a 0.06% increase from the previous average price target of $121.71.
<img src="https://www.benzinga.com/files/images/story/2024/1719514862_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of Paychex by financial experts is analyzed through recent analyst actions. The following summary presents 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>James Faucette</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$122.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Ashish Sabadra</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$130.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Mark Marcon</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$124.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>Jason Kupferberg</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$113.00</td>
<td>$111.00</td>
</tr>
<tr>
<td>Ashish Sabadra</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$130.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Jason Kupferberg</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$111.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>Bryan Bergin</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$121.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Moshe Katri</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$115.00</td>
<td>-</td>
</tr>
<tr>
<td>Ashish Sabadra</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$130.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Paychex. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer 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 explore the dynamics of price targets, providing estimates for the future value of Paychex's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Paychex's market position. Stay informed and make data-driven 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>Unveiling the Story Behind Paychex</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, established in 1979, services over 740,000 clients and pays over 1 in 12 U.S. 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>Understanding the Numbers: Paychex's Finances</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Paychex's remarkable performance in 3 months is evident. As of 29 February, 2024, the company achieved an impressive revenue growth rate of 4.22%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out 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 34.64%. 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 13.71%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Paychex's ROA stands out, surpassing industry averages. With an impressive ROA of 3.98%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Paychex's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.23.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 9 Analyst Projections For Paychex

Morgan Stanley analyst James Faucette maintains Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a Equal-Weight and lowers the price target from $125 to $122.

Morgan Stanley Maintains Equal-Weight on Paychex, Lowers Price Target to $122

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 $130 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Paychex, Maintains $130 Price Target

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Stifel cut the price target for General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) from $77 to $70. Stifel analyst Matthew Smith maintained a Buy rating. General Mills shares fell 4.6% to close at $64.17 on Wednesday. <a href="https://www.benzinga.com/quote/GIS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity raised the price target for Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) from $14 to $22. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. Hut 8 shares gained 4.8% to close at $15.32 on Wednesday. <a href="https://www.benzinga.com/quote/HUT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer boosted Veeco Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) price target from $45 to $55. Oppenheimer analyst Rick Schafer maintained an Outperform rating. Veeco Instruments shares fell 1.1% to close at $45.83 on Wednesday. <a href="https://www.benzinga.com/quote/VECO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) from $340 to $360. Baird analyst Shrenik Kothari maintained an Outperform rating. Palo Alto shares gained 0.8% to close at $325.26 on Wednesday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) price target from $150 to $160. Keybanc analyst John Vinh maintained an Overweight rating. Micron shares gained 0.9% to close at $142.36 on Wednesday. <a href="https://www.benzinga.com/quote/MU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods raised The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) price target from $485 to $520. Keefe, Bruyette &amp; Woods analyst David Konrad maintained an Outperform rating. Goldman Sachs shares fell 0.3% to close at $455.86 on Wednesday. <a href="https://www.benzinga.com/quote/GS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JMP Securities raised the price target for Grindr Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRND#NYSE">GRND</a>) from $14 to $17. JMP Securities analyst Nicholas Jones maintained a Market Outperform rating. Grindr shares gained 15.3% to close at $11.82 on Wednesday. <a href="https://www.benzinga.com/quote/GRND/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs cut SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) price target from $49 to $25. Goldman Sachs analyst Brian Lee maintained a Sell rating. SolarEdge shares fell 5.3% to close at $24.99 on Wednesday. <a href="https://www.benzinga.com/quote/SEDG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities lowered TD SYNNEX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) price target from $135 to $132. B of A Securities analyst Ruplu Bhattacharya maintained a Buy rating. TD SYNNEX shares fell 0.7% to close at $116.12 on Wednesday. <a href="https://www.benzinga.com/quote/SNX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) price target from $111 to $113. B of A Securities analyst Jason Kupferberg maintained an Underperform rating. Paychex shares fell 6.1% to close at $117.39 on Wednesday. <a href="https://www.benzinga.com/quote/PAYX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Baird analyst Mark Marcon maintains Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a Neutral and lowers the price target from $126 to $124.

Baird Maintains Neutral on Paychex, Lowers Price Target to $124

B of A Securities analyst Jason Kupferberg maintains Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a Underperform and raises the price target from $111 to $113.

B of A Securities Maintains Underperform on Paychex, Raises Price Target to $113

Wall Street experienced a mixed session on Wednesday, as investors adopted a cautious stance following Tuesday&#8217;s gains while awaiting key economic data releases later this week, including the Fed&#8217;s preferred inflation <a href="https://www.benzinga.com/topic/inflation">report due on Friday.</a>
At noon in New York, major U.S. averages traded flat, showing a lack of direction. Notably, 10 out of 11 sectors in the S&amp;P 500 were in the red, with consumer discretionary being the only sector to post gains. Small caps fell by 0.3%, while blue chips edged up by 0.1%.
The semiconductor industry failed to continue its rebound, as the iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) dropped 1%, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) down 2%.
Treasury yields rose, particularly at the long end of the curve, with both 10-year and 30-year yields increasing by 5-6 basis points, as traders slightly trimmed bets on a September rate cut. 
The dollar gained further traction against a basket of major currencies, with the U.S. dollar index (DXY) eyeing its highest close since April 30.
Notably, the dollar-yen pair rose past 160, marking the weakest level for the Japanese currency since December 1987, as traders continued to test<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39506069/yen-plummets-to-160-against-dollar-lowest-since-december-1986-is-bank-of-japan-inte"> Bank of Japan&#8217;s policies.</a>
Commodities were softer overall, with gold retracing 0.9% amid higher yields and a stronger greenback, natural gas dropping 2.7%, while oil prices edged up by only 0.2%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was 1% lower at $61,150, failing to sustain Tuesday&#8217;s 2.5% rise.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In US Major Indices, ETFs</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>Dow Jones</td>
<td>39,157.26</td>
<td>0.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,469.79</td>
<td>0.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,702.27</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,019.85</td>
<td>-0.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:10 p.m. ET</figcaption></figure>
<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent062624&amp;t=be2bearmibe3na1">According to Benzinga Pro data:</a>
<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>)&nbsp;was flat at $544.86.</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;was 0.1% higher to $391.47.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA:&nbsp;<a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) was 0.1% higher to $479.66.</li>
<li>Sector-wise, the&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)&nbsp;outperformed, up by 1.4%, while the&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, falling 0.9%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 3.8% eyeing the highest close since March 1. Stifel analyst Stephen Gengaro initiated coverage on Tesla late Tuesday with a Buy rating, setting <a href="https://www.benzinga.com/news/24/06/39505959/why-tesla-stock-is-trading-higher-wednesday-very-well-positioned-to-deliver-robust-multi-year-growth#:~:text=%E2%80%9CWe%20believe%20TSLA%20is%20very,sales%20in%20the%20near%20term.">a price target of $265.</a></li>
<li>Amazon.com Inc. also rallied 3.8% to $220, reaching the $2 trillion market valuation mark. Bank of America raised price target on the retail giant from $210 to $220.</li>
<li>Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) soared 20% after German automaker Volkswagen AG announced a $5 billion investment on a joint venture. </li>
<li>Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) rallied over 3% after several analysts raised their price target on the cruise line. </li>
<li>FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) skyrocketed over 14% on its strongest session in two years, reacting to positive quarterly results.</li>
<li>Other companies reacting to earnings were Progress Software Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>), up over 8%, Paychex Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>), down 5.6% and General Mills Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), down 4.6%. </li>
<li>Large-cap companies slated to report earnings after the close include Micron Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) and Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>). </li>
</ul>
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Image created using artificial intelligence via Midjourney.

Wall Street Wavers, Nvidia Resumes Losses, Tesla Eyes 4-Month High Close, Amazon Hits $2 Trillion Value: What's Driving Markets Wednesday?

Payroll services company&nbsp;Paychex, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>)&nbsp;reported mixed&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/b39500325/paychex-inc-reports-fourth-quarter-and-full-year-2024-results" rel="noreferrer noopener">fiscal fourth quarter results</a>.
The company reported sales growth of 5% year over year to $1.295 billion, in-line with the analyst consensus estimate of $1.296 billion.
Total revenue growth in the fiscal quarter reflected a lower contribution from the company&#8217;s Employee Retention Tax Credit (ERTC) Service than the prior year.
Management Solutions revenue rose 3% year over year to $930.3 million, led by growth in the number of clients served across the human capital management (HCM) solutions suite and higher product penetration, including HR Solutions and Retirement.
Professional Employer Organization (PEO) and Insurance Solutions revenue increased 9%&nbsp;&nbsp;year over year to $326.6 million.
Adjusted EPS of $1.12&nbsp;beat the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.10</a>.
Operating income grew 6% to $481.8 million, and the margin expanded by around 30 basis points year over year to 37.2%.
Adjusted operating income grew 15% to $521.3 million, and the margin expanded by around 330 basis points year over year to 40.2%.
As of May 31, 2024, the company held $1.6 billion in cash and equivalents. For the fiscal year, operating cash flow was $1.9 billion.
Chief Executive Officer John Gibson&nbsp;said, &#8220;Small and mid-size businesses continue to face a challenging operating environment due to complex regulations, a tight labor market and inflationary pressures.&#8221;
Outlook: Paychex expects fiscal 2025 revenue growth of 4.0% to 5.5% versus the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$5.55 billion analyst consensus</a>.
The company sees Management Solutions revenue growth in the 3.0% to 4.0% range. It expects PEO and Insurance Solutions revenue growth of 7.0% to 9.0%.
Paychex expects an adjusted EPS&nbsp;growth of 5% &#8211; 7% versus the $4.97 analyst estimate.
Price Action: PAYX shares are down 4.77% at $119.06 at the last check on Wednesday.

WIIM

Paychex shares are trading lower after the company reported mixed Q4 financial results.

Business&nbsp;Outlook
Our business&nbsp;outlook&nbsp;for the fiscal year ending May 31, 2025 (&quot;fiscal 2025&quot;) incorporates current assumptions and market conditions. Changes in the macroeconomic environment could alter our&nbsp;guidance. With consideration of these impacts, we have updated our business&nbsp;outlook&nbsp;as follows:
Total revenue is anticipated to grow in the range of&nbsp;4.0%&nbsp;to&nbsp;5.5%.
Adjusted diluted earnings per share(1)&nbsp;is anticipated to grow in the range of&nbsp;5%&nbsp;to&nbsp;7%.
Management Solutions revenue is anticipated to grow in the range of&nbsp;3.0%&nbsp;to&nbsp;4.0%.
PEO and Insurance Solutions revenue is anticipated to grow in the range of&nbsp;7.0%&nbsp;to&nbsp;9.0%.
Interest on funds held for clients is expected to be in the range of&nbsp;$150 million&nbsp;to&nbsp;$160 million.
Operating margin is anticipated to be in the range of&nbsp;42%&nbsp;to&nbsp;43%.
Other income, net is anticipated to be in the range of&nbsp;$35 million&nbsp;to&nbsp;$40 million.
The effective income tax rate for fiscal 2025 is anticipated to be in the range of&nbsp;24%&nbsp;to&nbsp;25%.

UPDATE: Paychex Expects FY25 Revenue Growth Of 4.0%-5.5% YoY Vs $5.55B Est, Adj EPS Growth Of 5%-7% Vs $4.97 Est

Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) reported quarterly earnings of $1.12 per share which beat the analyst consensus estimate of $1.10 by 1.82 percent. The company reported quarterly sales of $1.295 billion which missed the analyst consensus estimate of $1.296 billion by 0.06 percent. This is a 5.29 percent increase over sales of $1.230 billion the same period last year.

Earnings Beats

Earnings Misses

Paychex Q4 2024 Adj EPS $1.12 Beats $1.10 Estimate, Sales $1.295B Miss $1.296B Estimate

Futures trading reflects the <a href="https://www.benzinga.com/news/earnings/24/06/39476084/nasdaq-s-p-500-futures-firm-up-as-nvidia-poised-to-lead-tech-rebound-expert-says-a-major-gaffe-by-o">same trend seen on Tuesday,</a> with the Nasdaq and S&amp;P 500 futures firming up in early trading, while the Dow futures slipped. Notwithstanding the tech strength, the underlying sentiment is likely to be one of caution ahead of some key market-moving economic catalysts scheduled for the next two sessions. The Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rally continues, with the stock firmer in premarket trading. It remains to be seen if the concentrated tech strength could be strong enough to lift the broader market.
The market could also receive a shot in the arm from FedEx Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) positive earnings and M&amp;A rumors.
The Federal Reserve&#8217;s favorite inflation gauge, more Fed speeches, consumer sentiment data and durables goods order are among the key reports due on Thursday and Friday. More importantly, traders may also focus on the presidential debate that is scheduled for late Thursday.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.21%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.05%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.14%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.30%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged up 0.01% at $544.90 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.16% to $480.15, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>. Cues From Last Session:</figcaption></figure>
The tech rally, spearheaded by Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), imparted strength to the broader market on Tuesday, although weakness elsewhere dragged the Dow Jones Industrial Average lower. IT and communication services stocks launched into a strong rally and energy stocks saw modest strength but most other S&amp;P 500 sectors closed on the red.
The tech-heavy Nasdaq Composite outperformed, hovering in positive territory throughout the session, while the S&amp;P 500 Index braved some mid-session weakness before recovering. The two averages snapped a three-session losing streak but they did not have enough momentum to break above their previous highs.
Among the economic data released on Tuesday, consumer confidence slowed in line with expectations in June and house price growth slowed in April &#8211; all pointers toward softening growth.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+1.26%</td>
<td>17,717.65</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.39%</td>
<td>5,469.30</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.76%</td>
<td>39,112.16</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.42%</td>
<td>2,022.35</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Fund manager Louis Navellier is confident of the tech rally continuing. &#8220;Being underweight in tech remains a contrarian bet,&#8221; he said in a note to clients. &#8220;With the end of the quarter this week, we will shortly get another round of earnings which may give new perspectives on earnings momentum, but may also reemphasize the concentration at the top, as the AI theme gains momentum,&#8221; he said.
Carson Group&#8217;s Chief Market Strategist Ryan Detrick pointed to a historical trend that is positive for the market. Since 1950, the market has never peaked in June, he said. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Did stocks peak in June? History would say no, as stocks have never peaked for the year in June. This is the only month that can say this. Another feather in the cap for the bulls. <a href="https://t.co/Vt4L89So4P">pic.twitter.com/Vt4L89So4P</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1805786314706448417?ref_src=twsrc%5Etfw">June 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data:
<ul>
<li>The Commerce Department is scheduled to release the new home sales data for May at 8:30 a.m. EDT. Economists, on average, expect new home sales to come in at a seasonally adjusted annual rate of 640,000 up from a 634,000 rate in April.</li>
<li>The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>The Treasury is set to auction five-year notes at 1 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) climbed over 33% in premarket in reaction to its <a href="https://www.benzinga.com/markets/equities/24/06/39497161/rivian-stock-skyrockets-premarket-set-to-open-at-4-month-high-whats-going-on">plan to forge a partnership </a>with Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>). Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) moved higher in sympathy.</li>
<li>FedEx climbed over 14% in reaction to the company&#8217;s quarterly results, while Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) fell over 7.50%.</li>
<li>Whirlpool Corporation (WHR) rose nearly 14% after Reuters reported that Bosch is weighing a bid for the former.</li>
<li>General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) and Paychex, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NYSE">PAYX</a>) are among the notable companies reporting earnings ahead of the market opening.</li>
<li>Those reporting after the close include Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>), Worthington Steel, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) and Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures firmed up, while gold futures pulled back. The benchmark 10-year U.S. Treasury note rose 4.1 basis points to 4.279%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) flatlined around the $61K mark.
Asian stocks closed higher, tracking the positive close on Wall Street overnight amid the tech rally, although the Australian market bucked the uptrend. The European markets showed tentativeness in early trading.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39495728/nvidia-set-for-another-100-rally-before-year-end-says-fund-manager-theyve-got-80-ya">Nvidia Set For Another 100% Rally Before Year-End, Says Fund Manager: &#8216;They&#8217;ve Got 80 Yards Of A Clear Turf…Nobody&#8217;s Catching Up To Them&#8217;</a>
Image Via Shutterstock

Nasdaq, S&P 500 Set To Open Higher On Nvidia Prop, FedEx Earnings, But Traders Could Move To Sidelines Ahead Of Key Data: Analyst Says Underweighting Techs 'Contrarian Bet'

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) to report quarterly earnings at $1 per share on revenue of $4.87 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. General Mills shares gained 0.7% to $67.75 in after-hours trading.</li>
<li>FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) reported stronger-than-expected fourth-quarter financial results. The company said its board is &#8220;conducting an assessment of the role of FedEx Freight&#8221; and will look at potential steps to unlock shareholder value. The company plans to buy back $2.5 billion in shares in fiscal 2025. FedEx shares jumped 13.9% to $292.00 in the after-hours trading session.</li>
<li>Analysts are expecting Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) to post quarterly earnings at $0.49 per share on revenue of $6.63 billion. The company will release earnings after the markets close. Micron shares gained 1.7% to $143.49 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Tecnoglass Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGLS#NYSE">TGLS</a>) announced that its Board of Directors is conducting a review of the Company&#8217;s strategic alternatives. Also, the company reiterated its FY24 guidance. Tecnoglass shares surged 12.8% to $46.27 in the after-hours trading session.</li>
<li>Analysts expect Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) to post quarterly earnings at $1.10 per share on revenue of $1.3 billion before the opening bell. Paychex shares gained 1.2% to $126.58 in after-hours trading.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39476037/top-3-tech-stocks-which-could-rescue-your-portfolio-in-june">Top 3 Tech Stocks Which Could Rescue Your Portfolio In June</a>

The CNN Money Fear and Greed index showed a slight decline in the overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Tuesday.
U.S. stocks closed mixed on Tuesday, with the S&amp;P 500 snapping a three-session decline.
On the economic data front, the S&amp;P CoreLogic Case-Shiller 20-city home price index increased 7.2% year-over-year in April compared to a revised 7.5% gain in March.
Shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) gained about 6.8% on Tuesday, after recording losses in the previous session. SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) shares fell around 21% after the company announced a private offering of $300 million convertible notes due 2029.
Most sectors on the S&amp;P 500 closed on a negative note, with real estate, materials, and utilities stocks recording the biggest losses on Tuesday. However, information technology and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 299 points to 39,112.16 on Tuesday. The S&amp;P 500 rose 0.39% at 5,469.30, while the Nasdaq Composite climbed 1.26% at 17,717.65 during Tuesday's session.
Investors are awaiting earnings results from General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), and Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 39.1, the index remained in the &#8220;Fear&#8221; zone on Tuesday, versus a prior reading of 39.2.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39476037/top-3-tech-stocks-which-could-rescue-your-portfolio-in-june">Top 3 Tech Stocks Which Could Rescue Your Portfolio In June</a>

S&P 500 Snaps 3-Session Decline On The Back Of Nvidia's Rebound: Fear & Greed Index Remains In Negative Zone

Intuit (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intu#NASDAQ">INTU</a>) has announced the expansion of its Invest, Develop, Empower, Accelerate and Scale (IDEAS) Program in partnership with the Los Angeles Urban League. Originally launched as a pilot in Los Angeles, the program will now support 100 small business owners. Applications for this program are now open in Atlanta, Los Angeles and Philadelphia. 
In its inaugural year, participants of the Intuit IDEAS Program experienced an average revenue growth of 23% and saved 16.5 hours per month due to efficiencies enabled by INTU&#39;s financial technology platform, which leverages data and AI as part of its core strategy. Additionally, participants benefited from guidance provided by Intuit&#39;s experts and business coaching from the Los Angeles Urban League. 
Selected small business entrepreneurs participating in the program will receive extensive support, including email marketing, executive coaching, business consulting, business compliance, bookkeeping, tax preparation and more. 
The program aims to enhance business operations, efficiency, profitability and capital readiness by providing access to Intuit&#39;s comprehensive suite of products and services, along with a $5,000 grant upon program completion to assist in scaling their businesses.
<div class="chart_embed">
<h3>Intuit Inc. Price and Consensus</h3>
<img alt="Intuit Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/43/1718971720.png" style="height:278px; width:620px" title="" />
Intuit Inc. price-consensus-chart | Intuit Inc. Quote
</div>
<h3>Intuit&#39;s Expanding Portfolio Offerings to Aid Top-Line Growth</h3>
The company is constantly helping small businesses with the IDEAS Program as well as expanding its portfolio to make it relevant to its customers. It recently released some notable upgrades. These updates are expected to aid the company&#39;s top-line growth in the coming quarters. 
Intuit projects fiscal 2024 revenues in the band of $16.164-$16.2 billion, indicating 13% year-over-year growth. The company expects fiscal 2024 non-GAAP earnings per share between $16.79 and $16.84. 
The Zacks Consensus Estimate for INTU&#39;s 2024 revenues is pegged at $16.19 billion, indicating year-over-year growth of 12.65%. The Zacks Consensus Estimate for earnings is pegged at $16.83 per share, indicating year-over-year growth of 16.88%. 
Intuit recently introduced its new revenue intelligence technology, featuring always-on predictive and generative artificial intelligence models designed to help marketers increase revenues. This system, built on last year&#39;s launch of Intuit Assist, leverages INTU&#39;s extensive data and advanced AI to benchmark customers&#39; marketing efforts against billions of industry-specific financial inputs from QuickBooks and marketing performance metrics. 
The company also announced that it has agreed to acquire technology from mobility risk intelligence provider Zendrive. Key Zendrive employees, including CEO Dennis Ellis and Co-founder and CTO Pankaj Risbood, will join Credit Karma to enhance its usage-based auto insurance product, Karma Drive. This product allows Credit Karma members to receive real-time driving feedback and view potential insurance discounts before purchasing a policy, promoting safer driving behaviors. 
INTU has announced a multi-year Canadian partnership with the National Hockey League (NHL), designating Intuit QuickBooks as the Official Small Business Accounting Software of the NHL. This partnership grants Intuit QuickBooks exclusive marketing rights and designations to be used in national advertising, marketing and promotional campaigns, enabling the company to engage with the NHL and its fans effectively. 
Intuit faces competition in the Small Business and Self-Employed sector from The Sage Group and payroll services from Automatic Data Processing (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adp#NASDAQ">ADP</a>) and Paychex (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/payx#NASDAQ">PAYX</a>). The company also faces challenges in merchant services from financial institutions like Wells Fargo (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wfc#NYSE">WFC</a>), JP Morgan Chase&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) and Bank of America (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bacrp#OTC">BACRP</a>), as well as Consumer Segment from tax preparation provider H&amp;R Block (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrb#NYSE">HRB</a>). 
Shares of this Zacks Rank #3 (Hold) company have lost 1.4% year to date against the Zacks Computer and Technology sector&#39;s growth of 25.7% due to tough competition from different sectors. 
Given the intense competition in various sectors, it is crucial for Intuit to continuously innovate and stay relevant to its customers. By expanding its portfolio of offerings, INTU can better compete with its rivals and even surpass them, ensuring to meet the evolving needs of its diverse customer base.
<a href="https://www.zacks.com/stock/news/2291567/intuit-intu-expands-ideas-program-to-help-small-businesses?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2291567">To read this article on Zacks.com click here.</a>

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3 class="wp-block-heading">Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>)</h3>
<ul>
<li>Dividend Yield: 3.19%</li>
<li>RBC Capital analyst Ashish Sabadra reiterated a Sector Perform rating with a price target of $130 on May 21. This analyst has an accuracy rate of 66%.</li>
<li>Wedbush analyst Moshe Katri reiterated a Neutral rating with a price target of $115 on April 3. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: Paychex is scheduled to release financial results for its fiscal 2024 fourth quarter on Wednesday, June 26.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061324&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest Paychex's news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="673" height="752" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050423/Screenshot-2024-06-13-at-2.34.17-PM.png" alt="" class="wp-image-386151" style="width:514px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050423/Screenshot-2024-06-13-at-2.34.17-PM.png 673w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050423/Screenshot-2024-06-13-at-2.34.17-PM-268x300.png 268w" sizes="(max-width: 673px) 100vw, 673px" /></a></figure>
<h3 class="wp-block-heading">Kennametal Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>)</h3>
<ul>
<li>Dividend Yield: 3.22%</li>
<li>Loop Capital analyst Chris Dankert maintained a Hold rating and raised the price target from $23 to $24 on May 23. This analyst has an accuracy rate of 76%.</li>
<li>Barclays analyst Julian Mitchell maintained an Equal-Weight rating and increased the price target from $24 to $25 on May 9. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: On May 8, Kennametal posted weaker-than-expected quarterly earnings.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061324&amp;t=be2bearmibe3na1">trend in Kennametal's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="686" height="751" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050349/Screenshot-2024-06-13-at-2.33.43-PM.png" alt="" class="wp-image-386148" style="width:545px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050349/Screenshot-2024-06-13-at-2.33.43-PM.png 686w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050349/Screenshot-2024-06-13-at-2.33.43-PM-274x300.png 274w" sizes="(max-width: 686px) 100vw, 686px" /></a></figure>
<h3 class="wp-block-heading">Robert Half Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>)</h3>
<ul>
<li>Dividend Yield: 3.33%</li>
<li>Truist Securities analyst Tobey Sommerupgraded the stock from Sell to Hold with a price target of $72 on April 22. This analyst has an accuracy rate of 73%.</li>
<li>BMO Capital analyst Jeffrey Silbermaintained a Market Perform rating and cut the price target from $85 to $80 on Jan. 31. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On May 1, Robert Half's board of directors approved a quarterly cash dividend of 53 cents per share.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061324&amp;t=be2bearmibe3na1">Benzinga Pro's signals feature</a> notified of a potential breakout in Robert Half's shares.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="657" height="741" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050258/Screenshot-2024-06-13-at-2.32.53-PM.png" alt="" class="wp-image-386147" style="width:525px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050258/Screenshot-2024-06-13-at-2.32.53-PM.png 657w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050258/Screenshot-2024-06-13-at-2.32.53-PM-266x300.png 266w" sizes="(max-width: 657px) 100vw, 657px" /></a></figure>
Read More: <a href="https://www.youtube.com/watch?v=pVF0O2lsEH4">How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro</a>

Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks With Over 3% Dividend Yields

In the last three months, 6 analysts have published ratings on Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>), offering a diverse range of perspectives 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 style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-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 $120.83, a high estimate of $130.00, and a low estimate of $111.00. This upward trend is apparent, with the current average reflecting a 4.16% increase from the previous average price target of $116.00.
<img src="https://www.benzinga.com/files/images/story/2024/1716307218_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of Paychex by financial experts. The following summary presents 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>$130.00</td>
<td>-</td>
</tr>
<tr>
<td>Jason Kupferberg</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$111.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>Bryan Bergin</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$121.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Moshe Katri</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$115.00</td>
<td>-</td>
</tr>
<tr>
<td>Ashish Sabadra</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$130.00</td>
<td>-</td>
</tr>
<tr>
<td>David Togut</td>
<td>Evercore ISI Group</td>
<td>Maintains</td>
<td>In-Line</td>
<td>$118.00</td>
<td>$118.00</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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Paychex compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Paychex's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Paychex's market position. Stay informed and make data-driven 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>About Paychex</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, established in 1979, services over 740,000 clients and pays over 1 in 12 U.S. 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>Unraveling the Financial Story of Paychex</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Paychex's revenue growth over a period of 3 months has been noteworthy. As of 29 February, 2024, the company achieved a revenue growth rate of approximately 4.22%. This indicates 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 34.64%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Paychex's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 13.71%, 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 3.98%, the company showcases efficient use of assets and strong financial health.
Debt Management: Paychex's debt-to-equity ratio is below the industry average. With a ratio of 0.23, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Paychex

Paychex Increases Dividend From $0.89 To $0.98/Share

B of A Securities analyst Jason Kupferberg maintains Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a Underperform and raises the price target from $108 to $111.

B of A Securities Maintains Underperform on Paychex, Raises Price Target to $111

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Paychex (NASDAQ:<a href="https://investorplace.com/stock-quotes/payx-stock-quote/">PAYX</a>) just reported results for the fourth quarter of 2024.<ul><li>Paychex reported earnings per share of $1.12. This was above the analyst estimate for EPS of $1.10.</li><li>The company reported revenue of $1.30 billion.</li><li>This was 0.38% worse than the analyst estimate for revenue of $1.30 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/06/payx-stock-earnings-paychex-for-q4-of-2024/">PAYX Stock Earnings: Paychex Beats EPS, Misses Revenue for Q4 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

PAYX Stock Earnings: Paychex Beats EPS, Misses Revenue for Q4 2024

Paychex, Inc. (PAYX) Q4 2024 Earnings Call Transcript

In a report released today, Bryan Bergin from TD Cowen maintained a Hold rating on Paychex (PAYX – Research Report). The company's shares closed to...

TD Cowen Reaffirms Their Hold Rating on Paychex (PAYX)

Ramsey El Assal, an analyst from Barclays, maintained the Hold rating on Paychex (PAYX – Research Report). The associated price target remains the ...

Maintaining Hold on Paychex Amid Mixed Performance and Conservative Outlook

Jason Kupferberg, an analyst from Bank of America Securities, reiterated the Sell rating on Paychex (PAYX – Research Report). The associated price ...

Analyst Issues Sell Rating for Paychex Amid Disappointing Revenue Growth and High Valuation Concerns

Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) reported better-than-expected results for the fourth quarter of Fiscal 2024. Despite this beat, PAYX stock declined over 6% y...

PAYX Earnings: Paychex Stock Down Despite Q4 Beat

In a report released yesterday, Ashish Sabadra from RBC Capital maintained a Hold rating on Paychex (PAYX – Research Report), with a price target o...

RBC Capital Reaffirms Their Hold Rating on Paychex (PAYX)

In a report released today, David Grossman from Stifel Nicolaus maintained a Hold rating on Paychex (PAYX – Research Report), with a price target o...

Stifel Nicolaus Sticks to Its Hold Rating for Paychex (PAYX)

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Paychex Declares a 10% Increase to Quarterly Cash Dividend

Paychex Flex® Earns 2024 HR Tech Award from Lighthouse Research & Advisory Firm

U.S. Small Business Job Growth Shows Positive Gains, While Wage Inflation Decelerates

Paychex, Inc. Schedules Fourth Quarter Fiscal 2024 Earnings Conference Call for June 26, 2024

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