L'intérêt à découvert pour Paychex donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Paychex. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Paychex (NASDAQ:PAYX) Stock, Rapport sur les intérêts à découvert

PAYCHEX INC

Paychex

Paychex is a technology company providing human capital management solutions, enabling clients to better implement payroll, talent, time, tax, and benefits administration. It has a diverse set of product offerings addressing client needs. Aside from its traditional cloud-based payroll and HCM software offering, which accounts for close to half of total revenue, the company provides outsourcing options. Paychex's administrative service organization and professional employer organization accounts generate over 40% of sales. The balance of revenue is generated through retirement services, insurance solutions, and other products. In fiscal 2025, the company had 800,000 clients and almost 2.5 million worksite employees across its ASO and PEO.

Paychex Inc

Looking into the current session, Paychex Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) shares are trading at $143.44, after a 0.35% decrease. Over the past month, the stock fell by 9.36%, but over the past year, it actually went up by 21.17%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2025/1751295621_0.png" alt="Past Year Chart" />

<h3>Comparing Paychex P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Paychex has a lower P/E than the aggregate P/E of 50.36 of the Professional Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1751295621_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

News

Intraday Update

Markets

PAYX

Price Over Earnings Overview: 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 $150 to $148.

Price Target

Analyst Ratings

Morgan Stanley Maintains Equal-Weight on Paychex, Lowers Price Target to $148

Stifel analyst David Grossman maintains Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a Hold and lowers the price target from $156 to $152.

Stifel Maintains Hold on Paychex, Lowers Price Target to $152

Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) reported in-line fiscal fourth-quarter 2025 <a href="https://www.benzinga.com/quote/payx/earnings">earnings on Wednesday</a>.
The company reported quarterly revenue growth of 10% year-on-year to $1.43 billion, marginally missing the analyst consensus estimate of $1.44 billion. The company reported an adjusted EPS of $1.19, which aligns with the analyst consensus estimate.
&#8220;Paychex demonstrated solid performance this year against our strategic objectives, underscoring our ability to effectively navigate dynamic market conditions while continuing to enhance our customer experience and market position, and maintaining our industry-leading operating margins,&#8221; stated John Gibson, President and Chief Executive Officer.
Paychex expects fiscal revenue of $6.49 billion-$6.60 billion versus the $6.36 billion analyst consensus estimate. It projects fiscal adjusted EPS of $5.40-$5.50 versus the $5.31 analyst consensus estimate. The company expects a fiscal adjusted operating margin of ~43%.
Paychex shares rose 2% to trade at $140.66 on Thursday.
These analysts made changes to their price targets on Paychex following earnings announcement.
<ul class="wp-block-list">
<li>Jefferies analyst Samad Samana maintained Paychex with a Hold and lowered the price target from $155 to $140.</li>
<li>UBS analyst Kevin Mcveigh maintained the stock with a Neutral and lowered the price target from $155 to $145.</li>
</ul>
Considering buying PAYX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/PAYX/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="590" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26125049/image-414-1024x590.png" alt="" class="wp-image-963661" style="width:625px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26125049/image-414-1024x590.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26125049/image-414-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26125049/image-414-768x442.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26125049/image-414.png 1130w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Photo via Shutterstock

Earnings

Trading Ideas

These Analysts Cut Their Forecasts On Paychex Following Q4 Results

UBS analyst Kevin Mcveigh 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 $155 to $145.

UBS Maintains Neutral on Paychex, Lowers Price Target to $145

The primary challenge in Paychex Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) <a href="https://www.benzinga.com/markets/earnings/25/06/46098062/paychex-stock-takes-a-hit-as-margin-squeeze-overshadows-outlook">latest results and guidance</a> is reconciling the fiscal fourth quarter's 3% year-on-year organic revenue growth with the 5% guidance for fiscal 2026, according to Stifel.
The Paychex Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58402312aae83900016b3ba2/david-grossman">Analyst David Grossman</a> maintained a Hold rating, while reducing the price target from $156 to $152.
The Paychex Thesis: The company reported its fiscal fourth-quarter revenue at around $11 million, short of the midpoint of its guidance, "which management attributed to one week delay in closing PYCR acquisition," Grossman said in the note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Paychex's Management Solutions, which accounts for 73% of total revenues, generated organic growth of 3%, which is comparable to the previous quarter's growth but below the 5% guidance announced for fiscal 2026, he added.
Management indicated that the timing of price hikes in the fiscal fourth quarter of the previous year was more favorable, creating a difficult comparison, the analyst stated.
"Normalizing for this pricing dynamic, F4Q organic management solutions growth was ~5%," he further wrote.
PAYX Price Action: Shares of Paychex had risen by 0.95% to $139.25 at the time of publication on Thursday.
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Photo: Shutterstock

Analyst Color

Reiteration

Paychex Faces Growth Gap: Can It Deliver On 2026 Targets?

In the last three months, 4 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 following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $152.0, a high estimate of $165.00, and a low estimate of $140.00. Witnessing a positive shift, the current average has risen by 4.29% from the previous average price target of $145.75.
<img src="https://www.benzinga.com/files/images/story/2025/1750942860_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Paychex among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines 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>Samad Samana</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$140.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$148.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Ashish Sabadra</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$165.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$155.00</td>
<td>$140.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Paychex. This information offers a snapshot of how analysts perceive 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 set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Capture valuable insights into Paychex's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PAYX/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Paychex analyst ratings.</a>
<h2>Get to Know Paychex Better</h2>
Paychex is a technology company providing human capital management solutions, enabling clients to better implement payroll, talent, time, tax, and benefits administration. It has a diverse set of product offerings addressing client needs. Aside from its traditional cloud-based payroll and HCM software offering, which accounts for close to half of total revenue, the company provides outsourcing options. Paychex's administrative service organization and professional employer organization accounts generate over 40% of sales. The balance of revenue is generated through retirement services, insurance solutions, and other products. In fiscal 2024, the company had 745,000 clients and over 2.3 million worksite employees across its ASO and PEO.
<h3>Paychex: Delving into Financials</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Paychex's revenue growth over a period of 3M has been noteworthy. As of 28 February, 2025, the company achieved a revenue growth rate of approximately 4.84%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Paychex's net margin is impressive, surpassing industry averages. With a net margin of 34.41%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Paychex's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 12.91%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Paychex's ROA stands out, surpassing industry averages. With an impressive ROA of 4.77%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.21.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
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.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Paychex's Future

Jefferies analyst Samad Samana maintains Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a Hold and lowers the price target from $155 to $140.

Jefferies Maintains Hold on Paychex, Lowers Price Target to $140

Tech stocks climbed to new highs early Wednesday, with the Nasdaq 100 briefly touching 22,329 points after the opening bell, surpassing its previous <a href="https://www.benzinga.com/markets/tech/25/06/46096528/nasdaq-100-record-highs-rally-historical-performance">peak from February 19.</a> 
Yet, by midday trading, the rally lost steam, with major indices giving back early gains. By 12:30 p.m. ET, the Nasdaq 100 was trading at 22,234, up 0.2% on the day. Other large-cap benchmarks hovered near the flatline, while the Russell 2000 fell 0.7%, reflecting weakness in small-cap names.
At a NATO meeting in the Netherlands, President Donald Trump said that a ceasefire between Israel and Iran remains in place and that the United States will continue exerting pressure on Tehran. He clarified that while sanctions remain, Iran is currently allowed to sell oil to China.
Trump also renewed his call for NATO allies to raise their defense spending to 5% of GDP, more than double the current 2% guideline, arguing that Europe must carry a larger share of the military burden.
In day two of his testimony before Congress, Federal Reserve Chair Jerome Powell said that evolving trade conditions could influence monetary policy decisions, suggesting that future trade agreements might create room for interest rate cuts—though no timing was provided.
Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) led chipmaker gains, rising 3.1% and reaching its highest level since early December 2024. The stock is tracking toward its strongest monthly performance since May 2023.
The broader chip sector is also rallying. The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) is up 15% month-to-date, on track for its best monthly return since November 2023.
Bond markets were steady, with the 10-year Treasury yield holding at 4.31%, showing little reaction to Powell's testimony or geopolitical headlines.
In commodities, oil prices rebounded 2% to $66 per barrel, after falling more than 12% over the previous two sessions. In industry news, Shell plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) is reportedly in early-stage talks to acquire rival BP plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>), though no formal offer has been made yet.
Gold was unchanged at $3,328 per ounce, while silver gained 0.5% to $36.
In crypto markets, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) advanced 1.2%, trading just above $107,000. 
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,234.43</td>
<td>0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,097.13</td>
<td>0.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,038.39</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,145.84</td>
<td>-0.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) flattened at $559.54.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.2% lower to $429.91.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;edged 0.2% up to $540.48.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.7% to $212.93.</li>
<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 0.6%; the&nbsp;Real Estate&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, down 1.2%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul class="wp-block-list">
<li>FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) fell 2% despite beating earnings estimates as the outlook was less optimistic than expected. </li>
<li>Other stocks reacting to earnings included Paychex Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>), down 9%, and General Mills Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), down 3.7%. </li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) tumbled 4.5% after new car sales recorded a 27% year-over-year decline in Europe. </li>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), the 2025&#8217;s top-performing chipmaker company as of late June, will report earnings after the close. </li>
</ul>
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Cryptocurrency

Equities

Large Cap

Macro Economic Events

Broad U.S. Equity ETFs

Commodities

Global

Econ #s

Economics

ETFs

$BTC

SPDR Dow Jones Industrial Average ETF Trust

SHEL

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

TSLA

XLRE

Tech Stocks Notch New Highs As Chipmakers Power The Rally: What's Driving Markets Wednesday?

Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>)&nbsp;shares are&nbsp;trading lower on Wednesday&nbsp;after reporting <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/b46093321/paychex-inc-reports-fourth-quarter-and-full-year-2025-results" rel="noreferrer noopener">fiscal fourth-quarter 2025 earnings</a>.
The company reported quarterly revenue growth of 10% year-on-year to $1.43 billion, marginally missing the&nbsp;analyst consensus estimate of $1.44 billion.
The company reported an adjusted EPS of $1.19, which aligns with the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44519829/ai-investments-and-cost-savings-drive-paychexs-q3-profitability-surge-says-analyst" rel="noreferrer noopener">Paychex Analyst Sees Limited Upside Despite Q3 Profitability Surge</a>
Revenue from Management Solutions increased 12% to $1.0 billion, driven by the acquisition of Paycor.
The revenue from Professional Employer Organizations (PEO) and Insurance Solutions increased 4% to $340.3 million.
Total expenses increased 22% to $1.0 billion due to acquisition-related costs associated with the Paycor acquisition.
Operating income for the quarter decreased 11% to $431.1 million, and the operating margin declined 700 basis points to 30.2%.
Adjusted operating income&nbsp;grew 11% to $576.7 million, and the margin remained flattish at 40.4%. Excluding Paycor, the adjusted operating margin&nbsp;expanded by approximately 110 basis points compared to the prior year.
Adjusted EBITDA climbed 10% to $623.1 million, but the adjusted EBITDA margin remained flat. 
Paychex held $1.7 billion in total cash and equivalents as of May 31, 2025. The operating cash flow for the quarter totaled $400 million.
In a move to enhance shareholder value, Paychex bought back 828,855 shares for $104.0 million and paid out cumulative dividends totaling $1.4 billion at $4.02 per share over the fiscal year 2025.
<h2 class="wp-block-heading">Fiscal 2026 Outlook</h2>
Paychex expects fiscal revenue of $6.49 billion-$6.60 billion versus the $6.36 billion <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">analyst consensus estimate</a>. It projects fiscal adjusted EPS of $5.40-$5.50 versus the $5.31 analyst consensus estimate. The company expects a fiscal adjusted operating margin of ~43%.
Price Action: PAYX shares are trading lower by 9.33% at $138.04 at last check Wednesday.
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Guidance

Movers

Paychex Stock Takes A Hit As Margin Squeeze Overshadows Outlook

WIIM

Paychex shares are trading lower after the company reported worse-than-expected Q4 sales results.

Business Outlook
Our business outlook for the fiscal year ending May 31, 2026 ("fiscal 2026") incorporates current assumptions and market conditions and excludes acquisition-related costs. Changes in the macroeconomic environment could alter our guidance. With consideration of these impacts, we have updated our business outlook as follows:
<ul>
<li>Total revenue is anticipated to grow in the range of 16.5% to 18.5%.</li>
<li>Adjusted diluted earnings per share(1) is anticipated to grow in the range of 8.5% to 10.5%.</li>
<li>Management Solutions revenue is anticipated to grow in the range of 20.0% to 22.0%.</li>
<li>PEO and Insurance Solutions revenue is anticipated to grow in the range of 6.0% to 8.0%.</li>
<li>Interest on funds held for clients is expected to be in the range of $190 million to $200 million.</li>
<li>Adjusted operating margin(1) is anticipated to be approximately 43%.</li>
<li>The effective income tax rate for fiscal 2026 is anticipated to be in the range of 24% to 25%.</li>
</ul>

CORRECTION: Paychex FY26 Outlook: Adj EPS $5.40-$5.50 vs $5.31 Estimate; Sales $6.49B-$6.60B vs $6.36B Estimate

Earnings Misses

Paychex Q4 Adj. EPS $1.19, Inline, Sales $1.427B Miss $1.436B Estimate

U.S. futures were flat on Wednesday after a positive day of trading on Tuesday. Futures of major benchmark indices were slightly positive.
Investors hoped the ceasefire between Iran and Israel would hold and help calm geopolitical tensions. President Donald Trump declared Tuesday that a ceasefire between the two adversaries was back in effect, even as reports of renewed hostilities raised doubts about its durability.
&#8220;Israel is not going to attack Iran. All planes will turn around and head home, while doing a friendly ‘Plane Wave&#8217; to Iran,&#8221; Trump posted on Truth Social, adding, &#8220;<a href="https://www.benzinga.com/news/politics/25/06/46072859/trump-says-israel-is-not-going-to-attack-iran-after-ceasefire-violation-turn-around-and-head-home">the Ceasefire is in effect!</a>&#8220;
The 10-year Treasury bond yielded 4.29% and the two-year bond was at 3.79%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 79,3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.01%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.06%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.10%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.11%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Tuesday. The SPY was up 0.069% at $607.20, while the QQQ advanced 0.14% to $540.51, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Information technology, communication services, and financial stocks led the gains on Tuesday, propelling U.S. stocks higher, with the Dow Jones index climbing over 500 points.
However, energy stocks bucked the overall market trend, closing the session lower.
Separately, TD Synnex Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) reported better-than-expected earnings for the second quarter, and Nano Labs Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares surged 36% after announcing a $500 million convertible notes private placement for its BNB treasury strategy.
On the economic front, the U.S. current account deficit widened by 44.3% to $450.2 billion in the first quarter, exceeding market estimates, while the S&amp;P CoreLogic Case-Shiller Home Price Index saw a smaller 3.4% year-over-year increase in April.
The Dow Jones index ended 507 points or 1.19% higher at 43,089.02, whereas the S&amp;P 500 index rose 1.11% to 6,092.18. Nasdaq Composite advanced 1.43% to 19,912.53, and the small-cap gauge, Russell 2000, gained 1.34% to end at 2,161.21.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.43%</td>
<td>19,912.53</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.11%</td>
<td>6,092.18</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.19%</td>
<td>43,089.02</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.34%</td>
<td>2,161.21</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Jurrien Timmer of Fidelity Investments said in a series of X posts that the S&amp;P 500 index was rangebound as it flirts with the all-time high and is heavily dependent on the movement of the Magnificent 7 stocks.
&#8220;The correction this year held at the 2021 high, and so far the recovery has been bounded by the 2025 high. That seems like a reasonable range to me,&#8221; he said.
He also predicted that the 20% &#8216;V&#8217; shaped recovery in the index from April lows could turn &#8220;to an M from here.&#8221; He pointed out that &#8220;there are only a few historical analogs left in which the market continues to make new highs so soon after drawing down 20%.&#8221;
<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">The V-shaped recovery in April has brought the S&amp;P 500 index back to within 2% of its all-time highs, while the MSCI EAFE index is making consistent new highs. As the chart shows below, there are only a few historical analogs left in which the market continues to make new highs… <a href="https://t.co/Fu0E5Z4MQJ">pic.twitter.com/Fu0E5Z4MQJ</a>
&mdash; Jurrien Timmer (@TimmerFidelity) <a href="https://twitter.com/TimmerFidelity/status/1937511169318637675?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Talking about the market breadth, he highlighted that the market has narrowed again, with only half of the stocks in the S&amp;P 500 trading above their various moving averages.
Meanwhile, he said the Magnificent 7, which led the downside in March and April, has led the upside in May but remains below its all-time high set in December. &#8220;Given the degree of concentration of these companies, wherever the Mag 7 goes, so goes the index as a whole.&#8221;
<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">The Mag 7, which led the downside in March and April, has led the upside in May but remains below its all-time high set in December. Given the degree of concentration of these companies, wherever the Mag 7 goes, so goes the index as a whole. <a href="https://t.co/0tvvI9y4aZ">pic.twitter.com/0tvvI9y4aZ</a>
&mdash; Jurrien Timmer (@TimmerFidelity) <a href="https://twitter.com/TimmerFidelity/status/1937512081429004339?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Talking about the ongoing tensions in the Middle East, Ed Yardeni said, &#8220;Any day with a ceasefire in the Middle East is a good day for stocks.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul class="wp-block-list">
<li>May&#8217;s new home sales will be released at 10:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>General Mills Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) was up 0.094% in premarket on Wednesday as analysts expect it to report quarterly earnings of 71 cents per share on revenue of $4.59 billion, before the opening bell.</li>
<li>Paychex Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) advanced 0.27% as analysts expect it to report quarterly earnings of $1.19 per share on revenue of $1.42 billion, before the opening bell.</li>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) was 0.657% higher as analysts expect it to report quarterly earnings of $1.59 per share on revenue of $8.86 billion after the closing bell.</li>
<li>Winnebago Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) fell 0.13% as analysts expect it to report quarterly earnings of 79 cents per share on revenue of $774.81 million, before the opening bell.</li>
<li>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) rose 1.41% after upbeat results. It sees fiscal 2027 adjusted EPS in a range of $2.80 to $3, versus the $3.72 estimate, and revenue in a range of $1.9 billion to $2 billion, versus the $1.98 billion estimate.</li>
<li>Worthington Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) jumped 11.39% after reporting better-than-expected fourth-quarter financial results. The company reported quarterly earnings of $1.06 per share, which beat the analyst consensus estimate of 84 cents per share.</li>
<li>Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) gained 2.98% as it is set to release its month-to-date trading metrics for June this Thursday, according to an update on the company's investor relations website.</li>
<li>Quantumscape Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) surged 30.25% after its Cobra separator process entered into baseline production.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.87% to hover around $64.93 per barrel.
Gold Spot US Dollar rose 0.03% to hover around $3,323.71 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.24% at the 98.0900 level.
Asian markets ended higher on Wednesday as Australia's ASX 200, Japan's Nikkei 225, China&#8217;s CSI 300, South Korea's Kospi, Hong Kong's Hang Seng, and India's S&amp;P BSE Sensex indices advanced. European markets were mixed in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/46068345/blackrock-bets-big-on-defense-companies-amid-escalating-geopolitical-tensions-palantir-lockheed-martin-northrop-grumman-among-stocks-in-focus">BlackRock Bets Big On Defense Companies Amid Escalating Geopolitical Tensions: Palantir, Lockheed Martin, Northrop Grumman Among Stocks In Focus</a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

AVAV

HOOD

US Stocks Likely To Edge Higher As Iran-Israel Ceasefire Holds: Micron Technology, General Mills In Focus Ahead Of Earnings

<h3>Companies Reporting Before The Bell</h3>
• Novagold Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) is projected to report earnings for its second quarter. 
• Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $189.10 million. 
• Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) is expected to report quarterly earnings at $0.79 per share on revenue of $774.81 million. 
• Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) is expected to report quarterly earnings at $1.19 per share on revenue of $1.43 billion. 
• General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) is projected to report quarterly earnings at $0.71 per share on revenue of $4.59 billion. 
• Crown Crafts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWS#NASDAQ">CRWS</a>) is likely to report earnings for its fourth quarter. 
• Lotus Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOT#NASDAQ">LOT</a>) is expected to report earnings for its first quarter. 
<h3>Companies Reporting After The Bell</h3>
• Jefferies Financial Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) is projected to report quarterly earnings at $0.44 per share on revenue of $1.56 billion. 
• Culp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CULP#NYSE">CULP</a>) is expected to report quarterly loss at $0.10 per share on revenue of $52.40 million. 
• Worthington Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) is estimated to report quarterly earnings at $0.83 per share on revenue of $765.60 million. 
• H.B. Fuller (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) is likely to report quarterly earnings at $1.08 per share on revenue of $899.95 million. 
• MillerKnoll (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLKN#NASDAQ">MLKN</a>) is estimated to report quarterly earnings at $0.44 per share on revenue of $913.80 million. 
• Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $126.55 million. 
• Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is projected to report quarterly earnings at $1.61 per share on revenue of $8.85 billion. 
• Euroholdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHLD#NASDAQ">EHLD</a>) is projected to report earnings for its first quarter. 
• Steelcase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) is expected to report quarterly earnings at $0.13 per share on revenue of $759.90 million. 
• Kewaunee Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KEQU#NASDAQ">KEQU</a>) is projected to report earnings for its fourth quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CRWS

CULP

DAKT

EHLD

KEQU

MLKN

Earnings Scheduled For June 25, 2025

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index was in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the Dow Jones index gaining more than 500 points during the session as investor sentiment improved following a ceasefire agreement between Israel and Iran, confirmed by both President Donald Trump and Israeli Prime Minister Benjamin Netanyahu.
TD Synnex Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) reported better-than-expected earnings for the second quarter on Tuesday. Nano Labs Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares jumped 36% on Tuesday after the company announced a $500 million convertible notes private placement for its BNB treasury strategy.
On the economic front, the U.S. current account deficit increased by 44.3% to $450.2 billion in the first quarter versus a revised deficit of $312 billion in the fourth quarter and compared to market estimates of a $443.3 billion gap. The S&amp;P CoreLogic Case-Shiller Home Price Index increased 3.4% year-over-year in April following a 4.1% gain in the previous month.
Most sectors on the S&amp;P 500 closed on a positive note, with information technology, communication services and financial stocks recording the biggest gains on Tuesday. However, energy stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 507 points to 43,089.02 on Tuesday. The S&amp;P 500 rose 1.11% to 6,092.18, while the Nasdaq Composite climbed 1.43% to 19,912.53 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>), Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) and Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 56.3, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 55.4.
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: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/46072226/top-3-real-estate-stocks-you-may-want-to-dump-in-june">Top 3 Real Estate Stocks You May Want To Dump In June</a> </li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

Dow Jumps Over 500 Points Following Iran-Israel Ceasefire: Investor Sentiment Improves, Fear Index In 'Greed' Zone

With U.S. stock futures trading slightly higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<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 71 cents per share on revenue of $4.59 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. General Mills shares gained 0.1% to $53.46 in after-hours trading.</li>
<li>AeroVironment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) posted upbeat results for the fourth quarter after the closing bell on Tuesday. AeroVironment sees fiscal 2027 adjusted EPS in a range of $2.80 to $3, versus the $3.72 estimate, and revenue in a range of $1.9 billion to $2 billion, versus the $1.98 billion estimate. AeroVironment shares rose 0.5% to $194.26 in the after-hours trading session.</li>
<li>Analysts are expecting Paychex Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) to post earnings at $1.19 per share on revenue of $1.42 billion for the latest quarter. The company will release earnings before the markets open. Paychex shares fell 0.2% to $152.00 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>Worthington Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) reported better-than-expected fourth-quarter financial results. The company reported quarterly earnings of $1.06 per share, which beat the analyst consensus estimate of 84 cents per share. The company reported quarterly sales of $317.88 million, which beat the analyst consensus estimate of $301.44 million. Worthington shares jumped 11.4% to $67.00 in the after-hours trading session.</li>
<li>Analysts expect Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) to post quarterly earnings at $1.59 per share on revenue of $8.86 billion after the closing bell. Micron shares rose 0.7% to $128.82 in the after-hours trading session.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/46072226/top-3-real-estate-stocks-you-may-want-to-dump-in-june">Top 3 Real Estate Stocks You May Want To Dump In June</a> </li>
</ul>
Photo via Shutterstock

General Mills, Worthington Enterprises And 3 Stocks To Watch Heading Into Wednesday

Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) is set to give its latest quarterly earnings report on Wednesday, 2025-06-25. Here's what investors need to know before the announcement.
Analysts estimate that Paychex will report an earnings per share (EPS) of $1.19. 
Anticipation surrounds Paychex's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 1.09% increase in the share price the next day.
Here's a look at Paychex's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2025</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.48</td>
<td>1.13</td>
<td>1.14</td>
<td>1.10</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.49</td>
<td>1.14</td>
<td>1.16</td>
<td>1.12</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>1.0%</td>
<td>-0.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1750791645_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Paychex were trading at $151.25 as of June 23. Over the last 52-week period, shares are up 29.37%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<h3>Analyst Opinions on Paychex</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Paychex.
Analysts have given Paychex a total of 6 ratings, with the consensus rating being Neutral. The average one-year price target is $154.0, indicating a potential 1.82% upside.
<h3>Comparing Ratings with Competitors</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Paycom Software, Paylocity Holding and Dayforce, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Neutral trajectory for Paycom Software, with an average 1-year price target of $251.2, suggesting a potential 66.08% upside.</li>
<li>Analysts currently favor an Outperform trajectory for Paylocity Holding, with an average 1-year price target of $230.07, suggesting a potential 52.11% upside.</li>
<li>Analysts currently favor an Buy trajectory for Dayforce, with an average 1-year price target of $68.0, suggesting a potential 55.04% downside.</li>
</ul>
<h3>Peer Analysis Summary</h3>
Within the peer analysis summary, vital metrics for Paycom Software, Paylocity Holding and Dayforce are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Paychex</td>
<td>Neutral</td>
<td>4.84%</td>
<td>$1.12B</td>
<td>12.91%</td>
</tr>
<tr>
<td>Paycom Software</td>
<td>Neutral</td>
<td>6.12%</td>
<td>$445.90M</td>
<td>8.47%</td>
</tr>
<tr>
<td>Paylocity Holding</td>
<td>Outperform</td>
<td>13.27%</td>
<td>$324.69M</td>
<td>7.68%</td>
</tr>
<tr>
<td>Dayforce</td>
<td>Buy</td>
<td>11.66%</td>
<td>$242.80M</td>
<td>0.58%</td>
</tr>
</tbody>
</table>

Key Takeaway:
In terms of consensus rating, Paychex is in the middle compared to its peers. Paychex has the highest revenue growth among its peers. Paychex also leads in gross profit. However, Paychex has the lowest return on equity compared to its peers.
<h3>All You Need to Know About Paychex</h3>
Paychex is a technology company providing human capital management solutions, enabling clients to better implement payroll, talent, time, tax, and benefits administration. It has a diverse set of product offerings addressing client needs. Aside from its traditional cloud-based payroll and HCM software offering, which accounts for close to half of total revenue, the company provides outsourcing options. Paychex's administrative service organization and professional employer organization accounts generate over 40% of sales. The balance of revenue is generated through retirement services, insurance solutions, and other products. In fiscal 2024, the company had 745,000 clients and over 2.3 million worksite employees across its ASO and PEO.
<h3>Paychex's Economic Impact: An Analysis</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Paychex's remarkable performance in 3 months is evident. As of 28 February, 2025, the company achieved an impressive revenue growth rate of 4.84%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Paychex's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 34.41%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Paychex's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 12.91% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Paychex's ROA stands out, surpassing industry averages. With an impressive ROA of 4.77%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Paychex's debt-to-equity ratio is below the industry average at 0.21, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/PAYX/earnings">To track all earnings releases for Paychex visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Peek at Paychex's Future Earnings

Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) will release earnings results for the fourth quarter, before the <a href="https://www.benzinga.com/quote/payx/earnings">opening bell on Wednesday, June 25.</a>
Analysts expect the Rochester, New York-based company to report quarterly earnings at $1.19 per share, on revenue of $1.42 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Paychex founder Thomas Golisano will step down from board of directors, effective after board&#8217;s July, 2025 meeting.
Paychex shares rose 1.4% to close at $151.25 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/payx/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>JP Morgan analyst Tien-Tsin-Huang maintained an Underweight rating and raised the price target from $140 to $148 on June 18, 2025. This analyst has an accuracy rate of 63%.</li>
<li>RBC Capital analyst Ashish Sabadra maintained a Sector Perform rating and boosted the price target from $148 to $165 on June 3, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Barclays analyst Ramsey El-Assal maintained an Equal-Weight rating and increased the price target from $140 to $155 on March 31, 2025. This analyst has an accuracy rate of 66%.</li>
<li>Morgan Stanley analyst James Faucette maintained an Equal-Weight rating and raised the price target from $137 to $142 on March 27, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Citigroup analyst Peter Christiansen maintained a Neutral rating and boosted the price target from $145 to $158 on March 27, 2025. This analyst has an accuracy rate of 66%.</li>
</ul>
Considering buying PAYX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/PAYX/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="547" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24033521/image-347-1024x547.png" alt="" class="wp-image-959259" style="width:641px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24033521/image-347-1024x547.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24033521/image-347-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24033521/image-347-768x410.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24033521/image-347.png 1156w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Paychex Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Paychex's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NYSE">PAYX</a>) short percent of float has fallen 10.23% since its last report. The company recently reported that it has 12.41 million shares sold short, which is 3.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.65 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Paychex Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749668419_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Paychex has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Paychex's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Paychex's peer group average for short interest as a percentage of float is 5.54%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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