PAYX / Paychex (PAYX) Upgraded to Buy: What Does It Mean for the Stock?

Paychex's latest quarterly results once again exceeded analysts' expectations for earnings and revenue. The company's share price might not be present more_horizontal

Paychex, Inc. provides human capital management solutions for small and medium sized businesses, simplifying HR, payroll, benefits, and insurance proc more_horizontal

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

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 comp more_horizontal

Paychex (NASDAQ:PAYX) stock edged higher in pre-market trade on Wednesday after it reported first quarter fiscal 2024 sales and earnings that beat Wal more_horizontal

Shares of Paychex Inc. jumped 3.8% in premarket trading Wednesday, after the human resources services company reported fiscal first-quarter profit and more_horizontal

Paychex saw its stock trading at around $114 at the end of June 2022, just before the Fed started increasing rates, and remains marginally up from the more_horizontal

Paychex (PAYX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). more_horizontal