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What Paychex's Earnings Mean For Mutual Fund Investors (PAYX)

Shauna O'Brien

|

Paychex logo in blue
Before Wednesday’s opening bell, Paychex (PAYX) released its third quarter financial results. Here’s what the results mean for mutual fund investors.

Inside PAYX’s Results

Earnings

The company reported net income of $169.4 million, or 46 cents per share, compared to $160.1 million, or 44 cents, a year ago. On average, analysts expected to see EPS of 46 cents.

Revenue
Revenue rose to $704.3 million from $650.4 million. Analysts expected to see revenue of $701.16 million.

Human Resources Revenue Soars

Last year, Paychex launched a minimum premium plan, which resulted in a jump in human resources revenues. During the third quarter, PAYX reported a 19% surge in human resources revenue.

In the last year, shares of PAYX gained over 17%, compared to a 14% gain in the S&P 500. The stock also offers a 3.05% dividend yield, which is ideal for income-focused investors.

Mutual Funds to Watch

The mutual funds below may be a good option for investors seeking exposure to PAYX. The three funds listed currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Mkt Idx 1.57%
VFINX Vanguard 500 Index 1.00%
FNKLX Fidelity Series Equity-Income 0.72%

The Bottom Line

The funds listed above allow investors to gain exposure to a wide range of holdings. Investors interested in Paychex may also be interested in Trinet (TNET).

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Paychex logo in blue

What Paychex's Earnings Mean For Mutual Fund Investors (PAYX)

Shauna O'Brien

|

Before Wednesday’s opening bell, Paychex (PAYX) released its third quarter financial results. Here’s what the results mean for mutual fund investors.

Inside PAYX’s Results

Earnings

The company reported net income of $169.4 million, or 46 cents per share, compared to $160.1 million, or 44 cents, a year ago. On average, analysts expected to see EPS of 46 cents.

Revenue
Revenue rose to $704.3 million from $650.4 million. Analysts expected to see revenue of $701.16 million.

Human Resources Revenue Soars

Last year, Paychex launched a minimum premium plan, which resulted in a jump in human resources revenues. During the third quarter, PAYX reported a 19% surge in human resources revenue.

In the last year, shares of PAYX gained over 17%, compared to a 14% gain in the S&P 500. The stock also offers a 3.05% dividend yield, which is ideal for income-focused investors.

Mutual Funds to Watch

The mutual funds below may be a good option for investors seeking exposure to PAYX. The three funds listed currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Mkt Idx 1.57%
VFINX Vanguard 500 Index 1.00%
FNKLX Fidelity Series Equity-Income 0.72%

The Bottom Line

The funds listed above allow investors to gain exposure to a wide range of holdings. Investors interested in Paychex may also be interested in Trinet (TNET).

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next

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