June 24 (Reuters) - HR and payroll services provider Paychex PAYX.O forecast slower revenue growth for fiscal 2027 on Wednesday, overshadowing a quarterly revenue beat and sending its shares down 4% in early trading.

Here are some details:

• The Rochester, New York-based company forecast fiscal 2027 revenue growth of 5% to 6%, compared with 17% growth reported in fiscal 2026 and largely in line with analysts' average estimate of 5.55%, according to data compiled by LSEG.

• Competition remains intense in the payroll and human capital management market, where Paychex competes with larger rivals such as ADP ADP.O for new customers.

• Revenue rose 12.5% to $1.61 billion in the fourth quarter ended May 31, beating analysts' average estimate of $1.60 billion, according to data compiled by LSEG.

• Quarterly adjusted earnings per share came in at $1.32, compared with analysts' estimates of $1.30.

• The company's largest segment, Management Solutions, reported revenue of $1.18 billion, slightly below estimates of $1.19 billion.

• Paycor, acquired in April 2025, contributed approximately 8% to Management Solutions revenue growth year-over-year.

• While Paychex has benefited from its acquisition of Paycor, investors are closely watching for signs of slowing underlying organic growth as acquisition-related benefits become less pronounced.