Client Demand And RetentionDemand for HR Outsourcing, Advisory, and Retirement Solutions are strong with PEO +9% yoy in FQ4 as clients are focusing on reducing costs and Retirement Solutions growing double digits yoy with an attractive long-term opportunity.
Dividend IncreasePAYX increased its quarterly dividend to $0.98 from $0.89.
Financial PerformancePAYX beat top- and bottom-line expectations in FQ4, despite ERTC continuing to weigh heavily on Management Solutions Growth.