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S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
NASDAQ:PAYX

Paychex Stock Forecast, Price & News

$119.88
-2.78 (-2.27%)
(As of 06/28/2022 04:00 PM ET)
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Today's Range
$119.62
$124.00
50-Day Range
$113.00
$139.63
52-Week Range
$106.55
$141.92
Volume
2.43 million shs
Average Volume
1.94 million shs
Market Capitalization
$43.28 billion
P/E Ratio
31.97
Dividend Yield
2.58%
Price Target
$129.21
30 days | 90 days | 365 days | Advanced Chart

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PAYX Stock Forecast (MarketRank)

Overall MarketRank

2.23 out of 5 stars

Business Services Sector

138th out of 468 stocks

Engineering, Accounting, Research, Management & Related Services Industry

2nd out of 4 stocks

Analyst Opinion: 1.0Community Rank: 3.1Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -
Paychex logo

About Paychex (NASDAQ:PAYX)

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 and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It 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, the company 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, it 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. The company markets and sells its services primarily through its direct sales force. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.

PAYX Stock News Headlines

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Industry, Sector and Symbol

Industry
Engineering, accounting, research, management & related services
Sub-Industry
Data Processing & Outsourced Services
Current Symbol
NASDAQ:PAYX
CUSIP
70432610
Employees
15,000
Year Founded
1971

Company Calendar

Last Earnings
3/30/2022
Ex-Dividend for 5/26 Dividend
5/11/2022
Dividend Payable
5/26/2022
Today
6/28/2022
Next Earnings (Confirmed)
6/29/2022
Fiscal Year End
5/31/2023

Price Target and Rating

Average Stock Price Forecast
$130.08
High Stock Price Forecast
$145.00
Low Stock Price Forecast
$105.00
Forecasted Upside/Downside
+7.8%
Consensus Rating
Hold
Rating Score (0-4)
2.07692307692308
Research Coverage
12 Analysts

Profitability

Net Income
$1.10 billion
Pretax Margin
39.62%

Debt

Sales & Book Value

Annual Sales
$4.06 billion
Cash Flow
$4.13 per share
Book Value
$8.18 per share

Miscellaneous

Free Float
319,500,000
Market Cap
$43.28 billion
Optionable
Optionable
Beta
0.98

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Paychex 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 2 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Paychex stock. 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 analyst ratings for Paychex
or view top-rated stocks.

What is Paychex's stock price forecast for 2022?

12 brokerages have issued 12 month price objectives for Paychex's stock. Their PAYX stock forecasts range from $105.00 to $145.00. On average, they predict Paychex's stock price to reach $130.08 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
View analysts' price targets for Paychex
or view top-rated stocks among Wall Street analysts.

How has Paychex's stock price performed in 2022?

Paychex's stock was trading at $136.50 on January 1st, 2022. Since then, PAYX shares have decreased by 12.2% and is now trading at $119.88.
View the best growth stocks for 2022 here
.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Wednesday, June 29th 2022.
View our earnings forecast for Paychex
.

How can I listen to Paychex's earnings call?

Paychex will be holding an earnings conference call on Wednesday, June 29th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-0874.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) posted its earnings results on Wednesday, December, 22nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.11. The business services provider had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.06 billion. Paychex had a net margin of 30.23% and a trailing twelve-month return on equity of 43.02%. The company's quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS.
View Paychex's earnings history
.

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

Paychex announced a quarterly dividend on Friday, April 29th. Shareholders of record on Thursday, May 12th will be paid a dividend of $0.79 per share on Thursday, May 26th. This represents a $3.16 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, May 11th. This is a positive change from Paychex's previous quarterly dividend of $0.66.
View Paychex's dividend history
.

Is Paychex a good dividend stock?

Paychex(NASDAQ:PAYX) pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.58%. Paychex 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 of Paychex is 84.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Paychex will have a dividend payout ratio of 77.64% in the coming year. This indicates that Paychex may not be able to sustain their current dividend.
View Paychex's dividend history.

How will Paychex's stock buyback program work?

Paychex declared that its board has authorized a share buyback program on Thursday, July 8th 2021, which authorizes the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

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

Paychex issued an update on its FY 2022 earnings guidance on Wednesday, April, 27th. The company provided earnings per share (EPS) guidance of $3.724-$3.739 for the period, compared to the consensus earnings per share estimate of $3.630. The company issued revenue guidance of $4.54 billion-$4.58 billion, compared to the consensus revenue estimate of $4.50 billion.

Who are Paychex's key executives?

Paychex's management team includes the following people:

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

975 employees have rated Paychex CEO Martin Mucci on Glassdoor.com. Martin Mucci has an approval rating of 90% among Paychex'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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.47%), Vanguard Group Inc. (8.13%), Capital International Investors (4.53%), State Street Corp (3.76%), Bank of New York Mellon Corp (3.45%) and Bank of America Corp DE (2.16%). Company insiders that own Paychex 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, Laurie L Zaucha, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Pamela A Joseph, Robert L Schrader, Robert L Schrader, Stephanie L Schaeffer, Stephanie L Schaeffer and Tom Bonadio.
View institutional ownership trends for Paychex
.

Which institutional investors are selling Paychex stock?

PAYX stock was sold by a variety of institutional investors in the last quarter, including Select Equity Group L.P., Bahl & Gaynor Inc., State Street Corp, Arrowstreet Capital Limited Partnership, Troy Asset Management Ltd, Bank of America Corp DE, Connor Clark & Lunn Investment Management Ltd., and UBS Group AG. Company insiders that have sold Paychex company stock in the last two years include 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, and Stephanie L Schaeffer.
View insider buying and selling activity for Paychex
or view top insider-selling stocks.

Which institutional investors are buying Paychex stock?

PAYX stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Capital International Investors, Envestnet Asset Management Inc., Robeco Institutional Asset Management B.V., Charles Schwab Investment Management Inc., Lazard Asset Management LLC, Vanguard Group Inc., and Goldman Sachs Group Inc..
View insider buying and selling activity for Paychex
or or view top insider-buying stocks.

How do I buy shares of Paychex?

Shares of PAYX 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 $119.88.

How much money does Paychex make?

Paychex (NASDAQ:PAYX) has a market capitalization of $43.28 billion and generates $4.06 billion in revenue each year. The business services provider earns $1.10 billion in net income (profit) each year or $3.75 on an earnings per share basis.

How many employees does Paychex have?

Paychex employs 15,000 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

When was Paychex founded?

Paychex was founded in 1971.

How can I contact Paychex?

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

This page (NASDAQ:PAYX) was last updated on 6/29/2022 by MarketBeat.com Staff

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