Shares of Paychex (PAYX) sailed to an all-time high Tuesday when the human resources services pr🍷ovider posted better-than-anticipated results while🥂 reporting that it expanded its client base. 

The company posted fiscal 2025 first-quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.18, with revenue rising 2.5% year-over-year to $1.32 billion. Both were above consensus estimates of analysts polled by🌃 Visible Alpha.

Sales at its 澳洲幸运5官方开奖结果体彩网:Professio🐈nal Employer Organizatiꦍon (PEO) and Insurance Solutions unit advanced 7.2% to $319.3 million, boosted by a gain in the numbeﷺr of average PEO worksite employees and higher insurance revenue. Management Solutions segment sales were up 0.6% to $961.7 million as the total clients served and product penetration increased, according to Paychex. 

Shares surged 5% to $140.87 in recent trading after earlier hitting a record $141.59, making Paychex the top gainer among 澳洲幸运5官方开奖结果体彩网:S&P 500 stocks for the day.

'Strong Expense Discipline' Cited for Quarter's Gains

澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) John Gibson said the solid performance in the latest quarter came even with the negative impact of the expiration of the 澳洲幸运5官方开奖结果体彩网:Employee Re🎶tention Tax Credit⛎ (ERTC) program and one fewer payroll processing day. He added that "despite thes𝓡e ✅headwinds," the company delivered solid EPS growth "through strong expense discipline."

Gibson also announced several new products that offer "digital and 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI)-drive꧃n solutions" aimed at helping clients attract, retain, and engage their workforce.

Paychex s🦂hares are up more than 1꧃8% year-to-date.