Company Of The Day: Paychex

-9.18%
Downside
139
Market
126
Trefis
PAYX: Paychex logo
PAYX
Paychex

What?

Payroll company Paychex (NYSE:PAYX) posted a stronger than expected set of Q4 FY’22 earnings. While revenue rose by almost 11% year-over-year to $1.14 billion, non-GAAP earnings stood at $0.81 per share.

Why?

Relevant Articles
  1. Can Paychex Stock Overcome A Mixed Economy To Hit $140 Again?
  2. What To Expect From Paychex Q4 Results?
  3. Paychex Stock Underperforms Amid Economic Uncertainty. Can It Recover To Over $140?
  4. Can Paychex Stock Recover To Its Pre-Inflation Shock Highs?
  5. Can Paychex Stock Recover To Its Pre-Inflation Shock Highs?
  6. With The Job Market Holding Up, What To Expect From Paychex Q2 Results?

Growth was driven by an expanding base of payroll clients and strong demand for HR solutions, given the strong U.S. job market.

So What?

However, PAYX stock declined by 4% in Wednesday’s trading, likely due to the company’s FY’23 guidance of 7% to 8% revenue growth, which is below last year’s growth rate.

See Our Complete Analysis For Paychex

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Returns Jul 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 PAYX Return 0% -17% 87%
 S&P 500 Return 0% -21% 69%
 Trefis Multi-Strategy Portfolio 1% -26% 196%

[1] Month-to-date and year-to-date as of 7/1/2022
[2] Cumulative total returns since the end of 2016

Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates