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    PAYX   US7043261079

PAYCHEX, INC.

(PAYX)
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Paychex Fall '21 Product Launch Helps Businesses Navigate New Employment Landscape

09/22/2021 | 01:06pm EDT

Paychex, Inc., has announced new enhancements designed to help employers hire and keep top talent in an ever-changing business climate, improve efficiency through automation, and provide access to HR information whenever and wherever is most convenient to them and their employees. Highlighting the Paychex Fall '21 release are: Paychex Pre-Check: In today's competitive hiring environment, payroll accuracy and timeliness are paramount to retention. Initiated through Paychex Flex®, the company's SaaS-based HR software, employees are notified on the channel of their choice – including smart watches and smart speakers – that their gross-to-net paystub is ready to be securely reviewed. Employees may perform the review in Paychex Flex mobile app and are prompted to confirm the amount's accuracy or report an issue to the employer's administrator, who can address the potential issue before payday. Talent Management: In light of the "Great Resignation," retention has become a critical component of any talent strategy. Paychex has introduced three new resources within Paychex Flex to help inform HR decisions: Retention Insights: A predictive analytic based on dozens of data points to identify employees who may be more likely to consider leaving the organization. Pay Benchmarking: Allows employers to compare compensation details by position against national data provided by the Bureau of Labor Statistics. Talent Dashboard: Takes compensation a step further with a dashboard that pulls together Retention Insights, time off balances, and performance management ratings into one place, allowing administrators to compare the performance rating and compensation of each job position. Amazon Alexa Integration: The expansion of conversational AI and voice integration across Paychex Flex makes it easy for users to interact with the application from anywhere. With the addition of Amazon Alexa to existing integrations with Google Assistant and Siri Shortcuts, Paychex Flex is the first HCM application to offer integration with three of the major voice assistant platforms. Paychex Flex Time-off Management: A new solution to help employers save time and reduce manual tasks while offering a clear, real-time view of time-off balances, this provides organizations a cohesive system for tracking time off. For customers leveraging Paychex Flex and Paychex Flex Time, the process is automated. Globalization Partners: With more businesses allowing remote work and the talent ecosystem broadening worldwide, Paychex has aligned with Globalization Partners to offer international payroll and HR services for Paychex customers who are hiring outside of the U.S.


ę S&P Capital IQ 2021
All news about PAYCHEX, INC.
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10/15PAYCHEX INC : Submission of Matters to a Vote of Security Holders, Financial Statements an..
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10/15INSIDER SELL : Paychex
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10/14PAYCHEX : Keeps Quarterly Dividend at $0.66 a Share, Payable Nov. 29 to Shareholders of Re..
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10/14PAYCHEX : Declares Quarterly Dividend
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10/14Paychex, Inc. Declares Quarterly Dividend, Payable on November 29, 2021
CI
10/14Paychex, Inc. Provides Revenue Guidance for the Fiscal 2022
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10/06PAYCHEX : Acquires Flock for Undisclosed Sum
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10/06PAYCHEX : Acquires Benefits Administration Software Company, Flock
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Analyst Recommendations on PAYCHEX, INC.
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Financials (USD)
Sales 2022 4 396 M - -
Net income 2022 1 266 M - -
Net cash 2022 954 M - -
P/E ratio 2022 35,3x
Yield 2022 2,16%
Capitalization 44 418 M 44 418 M -
EV / Sales 2022 9,89x
EV / Sales 2023 9,29x
Nbr of Employees 15 000
Free-Float 89,2%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 123,18 $
Average target price 115,59 $
Spread / Average Target -6,16%
EPS Revisions
Managers and Directors
Martin Mucci President, Chief Executive Officer & Director
Efrain Rivera Chief Financial Officer, Treasurer & Senior VP
Blase Thomas Golisano Chairman
Michael E. Gioja SVP-Information Technology & Product Development
Bradley Schaufenbuel Chief Information Security Officer & VP
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