Advertisement
U.S. markets open in 5 hours 10 minutes
  • S&P Futures

    5,303.50
    -4.75 (-0.09%)
     
  • Dow Futures

    40,097.00
    -47.00 (-0.12%)
     
  • Nasdaq Futures

    18,493.50
    -10.25 (-0.06%)
     
  • Russell 2000 Futures

    2,134.30
    -4.10 (-0.19%)
     
  • Crude Oil

    81.77
    +0.42 (+0.52%)
     
  • Gold

    2,212.50
    -0.20 (-0.01%)
     
  • Silver

    24.55
    -0.21 (-0.84%)
     
  • EUR/USD

    1.0793
    -0.0036 (-0.33%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • Vix

    12.95
    +0.17 (+1.33%)
     
  • GBP/USD

    1.2608
    -0.0030 (-0.24%)
     
  • USD/JPY

    151.3750
    +0.1290 (+0.09%)
     
  • Bitcoin USD

    70,413.35
    +514.20 (+0.74%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,953.79
    +21.81 (+0.27%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Paychex (PAYX) Integrates With Fiserv's Clover Platform

Paychex, Inc. PAYX announced yesterday that it is offering human resource management solutions via a new integration with Fiserv’s FISV Clover platform.

The integration enables business owners using Clover integrated with Paychex Flex to simplify payroll and time & attendance management through the Clover App Market. Tasks such as payroll, staffing, time tracking and scheduling can now be done in a more efficient and time- and cost-effective manner.

"This relationship with Fiserv and Clover significantly streamlines employer operations, delivering a superior client experience and giving employees access to extensive self-service benefits,” said Tom Hammond, vice president, Corporate Strategy and Product Management at Paychex.

The sophisticated functionality of the app enhances user experience and cross-selling opportunities for both companies.

The move demonstrates the duo’s bid to allow their client organizations to innovate and increase efficiencies and help them sail through the pandemic-driven testing times.

Notably, Paychex’s shares have gained 11.5% over the past year, outperforming the 5.7% rally of the industry it belongs to. Fiserv’s shares have declined 5.2% over the same time fame against its industry’s 4.7% rally.

Zacks Rank & Key Picks

Both Paychexand Fiservcarry a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Business Services sector are Gartner, Inc. IT and Insperity, Inc. NSP, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Long-term earnings (three to five years) growth rate for Gartner and Insperity is estimated at 13.5% and 15%, respectively.

Just Released: Zacks’ 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.4% per year.

These 7 were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Paychex, Inc. (PAYX) : Free Stock Analysis Report
 
Fiserv, Inc. (FISV) : Free Stock Analysis Report
 
Gartner, Inc. (IT) : Free Stock Analysis Report
 
Insperity, Inc. (NSP) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Advertisement