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Paychex (PAYX) Stock Forecast, Price & News

$113.83
-1.82 (-1.57%)
(As of 02:33 PM ET)
Compare
Today's Range
$113.61
$115.38
50-Day Range
$115.65
$127.75
52-Week Range
$104.09
$129.70
Volume
713,552 shs
Average Volume
1.92 million shs
Market Capitalization
$41.09 billion
P/E Ratio
26.47
Dividend Yield
3.13%
Price Target
$123.12

Paychex MarketRank™ Forecast

Analyst Rating
Hold
2.08 Rating Score
Upside/​Downside
8.1% Upside
$123.12 Price Target
Short Interest
Healthy
2.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
1.06mentions of Paychex in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$26.79 M Sold Last Quarter
Proj. Earnings Growth
6.41%
From $4.68 to $4.98 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.80 out of 5 stars

Business Services Sector

39th out of 316 stocks

Engineering, Accounting, Research, Management & Related Services Industry

2nd out of 2 stocks


PAYX stock logo

About Paychex (NASDAQ:PAYX) Stock

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

PAYX Price History

PAYX Stock News Headlines

His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Paychex (PAYX) to Release Quarterly Earnings on Wednesday
Investors Buy High Volume of Put Options on Paychex (NASDAQ:PAYX)
Paychex (NASDAQ:PAYX) Rating Lowered to Hold at StockNews.com
Paychex (PAYX) Shares Rally 10.6% in the Past 6 Months
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Paychex CFO Efrain Rivera To Retire; Names Robert Schrader CFO
9 Analysts Have This to Say About Paychex
Paychex Announces Efrain Rivera Plans to Retire as CFO
Expert Ratings for Paychex
See More Headlines
Receive PAYX Stock News and Ratings via Email

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PAYX Company Calendar

Last Earnings
6/29/2023
Ex-Dividend for 8/24 Dividend
8/09/2023
Dividend Payable
8/24/2023
Today
9/21/2023
Next Earnings (Confirmed)
9/27/2023
Fiscal Year End
5/31/2024

Industry, Sector and Symbol

Industry
Engineering, accounting, research, management & related services
Sub-Industry
Data Processing & Outsourced Services
Current Symbol
NASDAQ:PAYX
CUSIP
70432610
Employees
16,600
Year Founded
1971

Price Target and Rating

Average Stock Price Forecast
$123.12
High Stock Price Forecast
$138.00
Low Stock Price Forecast
$103.00
Forecasted Upside/Downside
+6.5%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
12 Analysts

Profitability

Net Income
$1.56 billion
Pretax Margin
40.91%

Debt

Sales & Book Value

Annual Sales
$5.01 billion
Cash Flow
$5.42 per share
Book Value
$9.69 per share

Miscellaneous

Free Float
319,489,000
Market Cap
$41.75 billion
Optionable
Optionable
Beta
0.98

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Key Executives

  • Mr. John B. Gibson Jr.Mr. John B. Gibson Jr. (Age 56)
    Pres, CEO & Director
    Comp: $1.52M
  • Mr. B. Thomas Golisano (Age 81)
    Founder & Director
    Comp: $326.88k
  • Mr. Efrain Rivera DMMr. Efrain Rivera DM (Age 66)
    MBA, Sr. VP & CFO
    Comp: $1.44M
  • Mr. Mark A. Bottini (Age 62)
    Sr. VP of Sales
    Comp: $1.4M
  • Mr. Michael E. GiojaMr. Michael E. Gioja (Age 65)
    Sr. VP of Product Devel. & Information Technology
    Comp: $1.34M
  • Ms. Elizabeth Roaldsen (Age 51)
    Sr. VP of Operations & Customer Experience
  • Mr. Bradley J. Schaufenbuel J.D. (Age 50)
    L.L.M., VP & Chief Information Security Officer
  • Mr. Robert L. SchraderMr. Robert L. Schrader (Age 50)
    VP of Fin. & Investors Relations
  • Ms. Stephanie L. SchaefferMs. Stephanie L. Schaeffer (Age 53)
    VP, Chief Legal & Ethics Officer and Corp. Sec.
  • Mr. Frank Fiorille
    VP of Risk, Compliance & Data Analytics













PAYX Stock - Frequently Asked Questions

Should I buy or sell Paychex stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PAYX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PAYX, but not buy additional shares or sell existing shares.
View PAYX analyst ratings
or view top-rated stocks.

What is Paychex's stock price forecast for 2023?

12 Wall Street analysts have issued 1 year price targets for Paychex's stock. Their PAYX share price forecasts range from $103.00 to $138.00. On average, they expect the company's stock price to reach $123.12 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
View analysts price targets for PAYX
or view top-rated stocks among Wall Street analysts.

How have PAYX shares performed in 2023?

Paychex's stock was trading at $115.56 at the beginning of 2023. Since then, PAYX shares have increased by 0.1% and is now trading at $115.65.
View the best growth stocks for 2023 here
.

When is Paychex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 27th 2023.
View our PAYX earnings forecast
.

How can I listen to Paychex's earnings call?

Paychex will be holding an earnings conference call on Wednesday, September 27th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-6080.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) issued its quarterly earnings data on Thursday, June, 29th. The business services provider reported $0.97 EPS for the quarter, hitting analysts' consensus estimates of $0.97. The business services provider earned $1.20 billion during the quarter, compared to analysts' expectations of $1.22 billion. Paychex had a net margin of 31.10% and a trailing twelve-month return on equity of 46.79%. The company's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm earned $0.81 earnings per share.
Read the conference call transcript
.

How often does Paychex pay dividends? What is the dividend yield for Paychex?

Paychex declared a quarterly dividend on Thursday, July 13th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.89 per share on Thursday, August 24th. This represents a $3.56 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Wednesday, August 9th.
Read our dividend analysis for PAYX
.

Is Paychex a good dividend stock?

Paychex (NASDAQ:PAYX) pays an annual dividend of $3.56 per share and currently has a dividend yield of 3.07%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 82.79%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PAYX will have a dividend payout ratio of 71.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAYX.

What guidance has Paychex issued on next quarter's earnings?

Paychex issued an update on its FY 2024 earnings guidance on Thursday, June, 29th. The company provided earnings per share guidance of $4.65-$4.70 for the period, compared to the consensus earnings per share estimate of $4.59. The company issued revenue guidance of $5.31 billion-$5.36 billion, compared to the consensus revenue estimate of $5.31 billion.

What is Martin Mucci's approval rating as Paychex's CEO?

975 employees have rated Paychex Chief Executive Officer Martin Mucci on Glassdoor.com. Martin Mucci has an approval rating of 90% among the company's employees.

What other stocks do shareholders of Paychex own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Paychex investors own include Intel (INTC), Cisco Systems (CSCO), AT&T (T), General Electric (GE), Johnson & Johnson (JNJ), Pfizer (PFE), Verizon Communications (VZ), NVIDIA (NVDA), Procter & Gamble (PG) and AbbVie (ABBV).

What is Paychex's stock symbol?

Paychex trades on the NASDAQ under the ticker symbol "PAYX."

Who are Paychex's major shareholders?

Paychex's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.47%), Capital International Investors (5.22%), State Street Corp (3.58%), Bank of New York Mellon Corp (2.89%), Geode Capital Management LLC (2.30%) and Charles Schwab Investment Management Inc. (1.84%). Insiders that own company stock include David J S Flaschen, David J S Flaschen, Efrain Rivera, John B Gibson, Joseph Doody, Joseph M Tucci, Joseph M Velli, Karen E Saunders-Mcclendon, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Robert L Schrader, Robert L Schrader, Stephanie L Schaeffer and Stephanie L Schaeffer.
View institutional ownership trends
.

How do I buy shares of Paychex?

Shares of PAYX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $115.65.

How much money does Paychex make?

Paychex (NASDAQ:PAYX) has a market capitalization of $41.75 billion and generates $5.01 billion in revenue each year. The business services provider earns $1.56 billion in net income (profit) each year or $4.30 on an earnings per share basis.

How many employees does Paychex have?

The company employs 16,600 workers across the globe.

Does Paychex have any subsidiaries?
The following companies are subsidiares of Paychex: Advance Partners, Advantage Payroll Services, DHR Services Holdings LLC, ESG Consulting II LLC, ESG Entities II LLC, ESG PEO LLC, ExpenseWire, Flock, Fortune Industries LLC, Gordian Capital Holdings LLC, HR Outsourcing, Icon Time Systems, InterPay, Lessor Group, Oasis AHR II LLC, Oasis AHR PL LLC, Oasis DHR LLC, Oasis Outsourcing, Oasis Outsourcing Acquisition Corporation, Oasis Outsourcing Contract III Inc., Oasis Outsourcing Holdings Inc., Oasis Outsourcing LLC, Oasis Outsourcing TX LLC, Oasis Outsourcing V LLC, Oasis Payroll Services Inc., Olsen Computer Systems, PXC Inc., Paychex Benefit Technologies, Paychex Holdings LLC, Paychex Insurance Agency Inc., Paychex Investment LLC, Paychex Management LLC, Paychex North America Inc., Paychex of New York LLC, Professional Staff Management Inc., SurePayroll, The Payroll Company, ePlan Services, myStaffingPro by HR Services, and nettime Solutions.
Read More
How can I contact Paychex?

Paychex's mailing address is 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625. The official website for the company is www.paychex.com. The business services provider can be reached via phone at (585) 385-6666, via email at tjallen@paychex.com, or via fax at 302-655-5049.

This page (NASDAQ:PAYX) was last updated on 9/21/2023 by MarketBeat.com Staff

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