Company Of The Day: Paychex
What?
Paychex (NYSE:PAYX) posted a stronger than expected set of Q2 FY’22 results, with revenue rising by about 11% year-over-year to about $1.09 billion and EPS coming in at $0.91. The company also raised its outlook for the full year.
Why?
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- Forecast Of The Day: Paychex Management Solutions Revenue
The results were driven by growth in employees within the company’s client base and continued strong sales growth and client retention.
So What?
PAYX stock was up by 5.5% on Wednesday.
See Our Complete Analysis For Paychex
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| Returns | Dec 2021 MTD [1] |
2021 YTD [1] |
2017-21 Total [2] |
| PAYX Return | 7% | 43% | 119% |
| S&P 500 Return | 0% | 25% | 109% |
| Trefis MS Portfolio Return | 1% | 46% | 293% |
[1] Month-to-date and year-to-date as of 12/22/2021
[2] Cumulative total returns since 2017
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