Paychex traded at $118.04 this Friday October 23rd, decreasing $0.77 or 0.65 percent since the previous trading session. Looking back, over the last four weeks, Paychex lost 16.19 percent. Over the last 12 months, its price fell by 5.26 percent. Looking ahead, we forecast Paychex to be priced at 115.54 by the end of this quarter and at 108.34 in one year, according to Trading Economics global macro models projections and analysts expectations.
Paychex, Inc. is a provider of integrated human capital management (HCM) solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. It combines its software-as-a-service (SaaS) technology and mobility platform with personal service and allows business owners to focus on the growth and management of their business. The Company, through its HCM software-as-a-service platform, Paychex Flex, provides an integrated product suite that covers the employee life cycle from recruiting and hiring to retirement. Its Paychex Flex uses a device-independent design throughout its HCM suite, which allows functionality of all application components, regardless of device or screen size.