Paychex Inc (NASDAQ:PAYX) is in a flurry of investment-related activities, most notably its acquisition of HR tech firm,
Paycor, which is seen as a major game changer. The acquisition is estimated at around $4.1 billion and is set to create an HR tech powerhouse. Many investment advisory services such as
Linden Thomas Advisory, Red Door Wealth Management, and
Atomi Financial Group have boosted their positions in Paychex, with new investments and stock purchases. Additionally, such movements have been warmly received in the market with
Jim Cramer showing strong bullish sentiments towards these changes. Paychex's CEO is also confident about the future hiring explosion after the acquisition. The upcoming Q2 FY2025 earnings report is highly anticipated. The company has also launched a novel
AI-powered HR Analytics Platform with a staggering 20M+ employee database and an innovative employee benefits platform,
Flex Perks, which recently won a Silver Award. Despite some underperformance, numerous advisors project robust long-term growth for Paychex. The company also handles dividend payments, the next of which is set at $0.98 per share, due in February 2024.
Paychex PAYX News Analytics from Mon, 19 Aug 2024 07:00:00 GMT to Sat, 25 Jan 2025 13:19:01 GMT -
Rating 8
- Innovation 7
- Rumor 2
