Paychex (PAYX) announced that its board of directors has authorized the purchase of up to $1B of the company’s common stock. The new authorization replaces the prior 2024 authorization to repurchase $400M of the company’s common stock.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAYX:
- Paychex announces new partnership with PayPal
- Balancing Solid Execution Against Growth Headwinds: Rationale for Maintaining a Hold Rating on Paychex
- Paychex price target lowered to $120 from $139 at Citi
- Paychex price target lowered to $123 from $133 at Morgan Stanley
- Paychex price target lowered to $125 from $140 at JPMorgan