Paychex Board Approves New $1 Billion Stock Buyback

Dow Jones01-16
 

By Colin Kellaher

 

Paychex's board has authorized the repurchase of up to $1 billion of the human-capital-management company's common stock.

Paychex on Friday said the new buyback replaces a $400 million program approved in 2024 that had about $9.4 million remaining as of Nov. 30.

The Rochester, N.Y., company, which had nearly 359 million shares outstanding as of Nov. 30, sports a market capitalization of around $39.7 billion.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

January 16, 2026 09:30 ET (14:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment