Paychex Company Profile (NASDAQ:PAYX)

About Paychex

Paychex logoPaychex, Inc., is a provider of integrated payroll, human Resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. The Company focuses on providing payroll and human Resource services; delivering these services; growing its client base, through the efforts of its direct sales force; improving client service, through its leading-edge technology; capitalizing on the growth opportunities within its existing client base and from new clients; investing in business through expansion of its services and product offerings; and supplementing its growth through strategic acquisitions. The Company offers services and products that allow its clients to meet their diverse payroll and human Resource needs. These include: payroll processing; payroll tax administration services; employee payment services; regulatory compliance services; Paychex HR Services; retirement services administration; insurance services; and online HR administration services.

Industry, Sector and Symbol:
  • Sector: Business Services
  • Industry: Staffing & Outsourcing Services
  • Sub-Industry: Data Processing & Outsourced Services
  • Exchange: NASDAQ
  • Symbol: PAYX
  • CUSIP: 70432610
Key Metrics:
  • Previous Close: $60.69
  • 50 Day Moving Average: $60.12
  • 200 Day Moving Average: $54.88
  • Trailing P/E Ratio: 29.04
  • Foreward P/E Ratio: 25.29
  • P/E Growth: 2.86
  • Market Cap: $21.88B
  • Outstanding Shares: 360,532,000
  • Beta: 0.83
Additional Links:
Companies Related to Paychex:

Analyst Ratings

Consensus Ratings for Paychex (NASDAQ:PAYX) (?)
Ratings Breakdown: 7 Sell Ratings, 4 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 1.62)
Consensus Price Target: $52.36 (13.72% downside)

Analysts' Ratings History for Paychex (NASDAQ:PAYX)
DateFirmActionRatingPrice TargetDetails
8/23/2016Morgan StanleyReiterated RatingUnderweight$49.00View Rating Details
7/12/2016Sanford C. BernsteinReiterated RatingUnderperform$40.00 -> $52.00View Rating Details
7/6/2016Deutsche Bank AGReiterated RatingHold$51.00 -> $56.00View Rating Details
7/5/2016Jefferies GroupReiterated RatingUnderperform$40.00View Rating Details
7/5/2016BMO Capital MarketsReiterated RatingMarket Perform$55.00 -> $58.00View Rating Details
7/1/2016ArgusReiterated RatingIn-Line -> Buy$59.50 -> $70.00View Rating Details
5/16/2016Sterne Agee CRTReiterated RatingNeutralView Rating Details
4/15/2016Compass PointInitiated CoverageSell$45.00View Rating Details
4/3/2016Oppenheimer Holdings Inc.Reiterated RatingBuyView Rating Details
4/3/2016Royal Bank Of CanadaReiterated RatingSell$50.00View Rating Details
3/31/2016Bank of America Corp.Reiterated RatingSell$50.00View Rating Details
3/31/2016Robert W. BairdReiterated RatingHoldView Rating Details
3/31/2016Citigroup Inc.Boost Price TargetSell$48.00 -> $49.00View Rating Details
8/14/2015JPMorgan Chase & Co.Reiterated RatingNeutral$48.00 -> $52.00View Rating Details
7/16/2015Goldman Sachs Group Inc.DowngradeBuy -> Neutral$55.00 -> $52.00View Rating Details
12/22/2014William BlairReiterated RatingOutperformView Rating Details
11/21/2014Topeka Capital MarketsInitiated CoverageSell$43.00View Rating Details
(Data available from 8/25/2014 forward)


Earnings History for Paychex (NASDAQ:PAYX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
6/30/2016Q416$0.49$0.49$753.90 millionViewListenView Earnings Details
3/30/2016Q316$0.50$0.50$751.14 million$752.60 millionViewListenView Earnings Details
12/22/2015Q216$0.51$0.52$722.40 millionViewListenView Earnings Details
9/30/2015Q116$0.51$0.52$723.00 millionViewN/AView Earnings Details
7/1/2015Q415$0.44$0.44$692.20 millionViewN/AView Earnings Details
3/25/2015Q315$0.46$0.46$701.16 million$693.60 millionViewN/AView Earnings Details
12/19/2014Q215$0.46$0.47$676.30 millionViewN/AView Earnings Details
9/24/2014Q115$0.46$0.47$666.80 millionViewListenView Earnings Details
7/1/2014Q414$0.40$0.40$617.35 million$639.00 millionViewListenView Earnings Details
3/26/2014Q314$0.42$0.44$628.85 million$636.00 millionViewListenView Earnings Details
12/19/2013Q2$0.42$0.43$598.89 million$610.50 millionViewListenView Earnings Details
10/1/2013Q114$0.43$0.44$605.56 million$597.90 millionViewListenView Earnings Details
6/26/2013Q4 2013$0.38$0.38$585.96 million$575.30 millionViewListenView Earnings Details
3/27/2013Q3 2013$0.39$0.40$592.62 million$593.30 millionViewListenView Earnings Details
12/19/2012Q2 2013$0.34$0.41$557.66 million$559.40 millionViewListenView Earnings Details
9/24/2012Q113$0.41$0.42$584.05 million$578.20 millionViewN/AView Earnings Details
6/27/2012$0.34$0.34ViewN/AView Earnings Details
3/28/2012$0.37$0.37ViewN/AView Earnings Details
12/20/2011$0.38$0.39ViewN/AView Earnings Details
9/27/2011$0.38$0.41ViewN/AView Earnings Details
6/22/2011$0.33$0.33ViewN/AView Earnings Details
3/23/2011$0.35$0.36ViewN/AView Earnings Details
12/20/2010$0.35$0.37$510.65 million$512.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Paychex (NASDAQ:PAYX)
Current Year EPS Consensus Estimate: $2.21 EPS
Next Year EPS Consensus Estimate: $2.4 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.49$0.51$0.50
Q2 20164$0.49$0.50$0.49
Q3 20163$0.57$0.57$0.57
Q4 20163$0.56$0.57$0.57
Q1 20173$0.56$0.57$0.56
Q2 20174$0.53$0.56$0.55
Q3 20173$0.53$0.60$0.56
Q4 20173$0.53$0.59$0.55
Q3 20181$0.59$0.59$0.59
Q4 20181$0.60$0.60$0.60
(Data provided by Zacks Investment Research)


Current Dividend Information for Paychex (NASDAQ:PAYX)
Annual Dividend:$1.84
Dividend Yield:3.03%
Payout Ratio:88.04% (Based on Trailing 12 Months of Earnings)
83.26% (Based on Current Year Consensus EPS Estimate)
76.67% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:-6.40% (3 Year Average)

Dividend History for Paychex (NASDAQ:PAYX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Paychex (NASDAQ:PAYX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/29/2016John B GibsonVPSell11,450$59.00$675,550.00View SEC Filing  
7/22/2016Joseph DoodyDirectorSell44,441$60.51$2,689,124.91View SEC Filing  
7/21/2016Michael E GiojaInsiderSell6,190$60.23$372,823.70View SEC Filing  
7/14/2016Jennifer R VosslerVPSell12,000$61.05$732,600.00View SEC Filing  
7/8/2016Efrain RiveraCFOSell7,235$61.33$443,722.55View SEC Filing  
7/8/2016Joseph M TucciDirectorSell3,641$61.00$222,101.00View SEC Filing  
7/8/2016Mark Anthony BottiniVPSell6,112$61.33$374,848.96View SEC Filing  
7/8/2016Martin MucciCEOSell42,397$61.33$2,600,208.01View SEC Filing  
7/8/2016Stephanie L. SchaefferInsiderSell3,438$61.33$210,852.54View SEC Filing  
7/7/2016Martin MucciCEOSell65,965$60.63$3,999,457.95View SEC Filing  
6/30/2016Laurie L ZauchaVPSell26,605$58.06$1,544,686.30View SEC Filing  
6/20/2016Laurie L ZauchaVPSell13,500$55.50$749,250.00View SEC Filing  
6/16/2016Laurie L ZauchaVPSell10,000$54.51$545,100.00View SEC Filing  
5/12/2016Pamela A JosephDirectorSell6,000$52.49$314,940.00View SEC Filing  
4/27/2016Grant M InmanDirectorSell4,197$52.85$221,811.45View SEC Filing  
4/5/2016Michael E GiojaVPSell19,450$53.52$1,040,964.00View SEC Filing  
4/1/2016David J S FlaschenDirectorSell6,000$53.57$321,420.00View SEC Filing  
11/19/2015Laurie L. ZauchaVPSell11,780$54.00$636,120.00View SEC Filing  
10/28/2015Martin MucciCEOSell30,000$52.00$1,560,000.00View SEC Filing  
10/27/2015Stephanie L. SchaefferinsiderSell31,375$52.01$1,631,813.75View SEC Filing  
10/26/2015Laurie L. ZauchaVPSell3,000$52.00$156,000.00View SEC Filing  
10/22/2015Laurie L. ZauchaVPSell3,093$51.00$157,743.00View SEC Filing  
10/21/2015Stephanie L. SchaefferinsiderSell12,000$50.72$608,640.00View SEC Filing  
10/16/2015Martin MucciCEOSell84,591$49.91$4,221,936.81View SEC Filing  
10/8/2015Laurie L. ZauchaVPSell3,858$50.00$192,900.00View SEC Filing  
7/11/2015Efrain RiveraCFOSell7,641$47.78$365,086.98View SEC Filing  
7/11/2015Mark Anthony BottiniVPSell8,128$47.78$388,355.84View SEC Filing  
7/11/2015Martin MucciCEOSell42,740$47.78$2,042,117.20View SEC Filing  
7/11/2015Stephanie L SchaefferInsiderSell3,300$47.78$157,674.00View SEC Filing  
7/9/2015Martin MucciCEOSell3,107$47.43$147,365.01View SEC Filing  
7/6/2015Joseph M TucciDirectorSell7,029$48.00$337,392.00View SEC Filing  
5/15/2015Grant M InmanDirectorSell6,753$49.92$337,109.76View SEC Filing  
4/20/2015Michael E GiojaVPSell19,483$49.03$955,251.49View SEC Filing  
3/16/2015Laurie L ZauchaVPSell9,279$51.00$473,229.00View SEC Filing  
2/20/2015Laurie L ZauchaVPSell9,000$49.50$445,500.00View SEC Filing  
2/5/2015Mark Anthony BottiniVPSell75,000$47.25$3,543,750.00View SEC Filing  
12/23/2014Martin MucciCEOSell70,000$47.43$3,320,100.00View SEC Filing  
11/10/2014Jennifer R VosslerVPSell5,000$47.48$237,400.00View SEC Filing  
11/3/2014Laurie L ZauchaVPSell11,574$47.02$544,209.48View SEC Filing  
11/3/2014Stephanie L SchaefferInsiderSell9,000$47.02$423,180.00View SEC Filing  
10/27/2014Martin MucciCEOSell50,000$45.67$2,283,500.00View SEC Filing  
9/26/2014David J S FlaschenDirectorSell10,000$43.80$438,000.00View SEC Filing  
8/6/2014Jennifer R VosslerVPSell5,000$40.40$202,000.00View SEC Filing  
7/11/2014Martin MucciCEOSell3,835$41.92$160,763.20View SEC Filing  
7/10/2014Efrain RiveraCFOSell570$41.92$23,894.40View SEC Filing  
7/10/2014Martin MucciCEOSell6,809$41.81$284,684.29View SEC Filing  
7/10/2014Michael E GiojaVPSell2,307$41.78$96,386.46View SEC Filing  
7/10/2014Stephanie L SchaefferInsiderSell1,470$41.74$61,357.80View SEC Filing  
7/9/2014Jennifer R VosslerVPSell418$41.70$17,430.60View SEC Filing  
7/9/2014Martin MucciCEOSell3,302$41.70$137,693.40View SEC Filing  
7/9/2014Stephanie L SchaefferInsiderSell1,184$41.70$49,372.80View SEC Filing  
7/6/2014Martin MucciCEOSell26,309$41.55$1,093,138.95View SEC Filing  
7/6/2014Michael E GiojaVPSell4,422$41.55$183,734.10View SEC Filing  
7/6/2014Stephanie L SchaefferInsiderSell2,190$41.55$90,994.50View SEC Filing  
5/9/2014Grant InmanDirectorSell7,800$40.94$319,332.00View SEC Filing  
5/2/2014Jennifer VosslerVPSell1,122$41.40$46,450.80View SEC Filing  
4/4/2014Martin MucciCEOSell30,000$42.55$1,276,500.00View SEC Filing  
4/2/2014David FlaschenDirectorSell10,000$42.50$425,000.00View SEC Filing  
4/2/2014Michael GiojaVPSell24,329$42.37$1,030,819.73View SEC Filing  
1/27/2014Michael GiojaVPSell9,800$42.19$413,462.00View SEC Filing  
10/21/2013Kevin N HillVPSell25,317$42.20$1,068,377.40View SEC Filing  
10/12/2013Martin MucciCEOSell1,475$40.74$60,091.50View SEC Filing  
8/13/2013Martin MucciCEOSell50,000$40.23$2,011,500.00View SEC Filing  
7/11/2013Martin MucciCEOSell30,123$38.82$1,169,374.86View SEC Filing  
7/11/2013Michael E GiojaVPSell3,922$38.89$152,526.58View SEC Filing  
7/7/2013Martin MucciCEOSell3,055$37.61$114,898.55View SEC Filing  
12/28/2012Michael E GiojaVPSell26,375$31.09$819,998.75View SEC Filing  
10/8/2012Phillip HorsleyDirectorSell22,084$33.25$734,293.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Paychex (NASDAQ:PAYX)
DateHeadline logoMorgan Stanley Doesn't Accept Western Union Or Paychex, Remains Underweight On Both (NASDAQ:PAYX) - August 24 at 9:47 AM
News IconAnalysts Valuations For Two Stocks: Paychex, Inc. (NASDAQ:PAYX), CMS Energy Corporation (NYSE:CMS) - The Voice Registrar (NASDAQ:PAYX) - August 23 at 11:10 AM
News IconPaychex, Inc.'s (PAYX): Stock under Review - Hot Stocks Point (NASDAQ:PAYX) - August 23 at 11:10 AM logo3 Trending Stocks: Cadence Design Systems Inc. (CDNS), Paychex, Inc. (PAYX), CMS Energy Corp. (CMS) - iStreetWire (NASDAQ:PAYX) - August 22 at 11:18 AM logoWill Paychex, Inc. (NASDAQ:PAYX) Hit $63 Price Target? - Investor Newswire (NASDAQ:PAYX) - August 21 at 5:57 PM logoPaychex Again in the Top 10 on Selling Power Magazine's "50 Best Companies to Sell For" List (NASDAQ:PAYX) - August 19 at 6:38 PM logoPaychex, Inc. (PAYX) Stake Increased by Schwab Charles Investment Management Inc - Finance Daily (NASDAQ:PAYX) - August 19 at 9:45 AM logoPaychex Small Business Snapshot: Economy Ranks as Top Election Issue for Small Business Owners (NASDAQ:PAYX) - August 18 at 6:54 PM
News IconIs Paychex, Inc.(NASDAQ: PAYX), a large market cap stock a smart buy? - The Daily Leicester (NASDAQ:PAYX) - August 17 at 6:59 PM logoDividend Alert For Paychex, Inc. (NASDAQ:PAYX) - Stocks Daily (NASDAQ:PAYX) - August 17 at 9:45 AM
News IconHow has Paychex, Inc.:(NASDAQ:PAYX) performed recently? - The Daily Leicester (NASDAQ:PAYX) - August 16 at 9:58 AM logoPaychex, Inc. (NASDAQ:PAYX) Stock Rating Update - Investor Newswire (NASDAQ:PAYX) - August 15 at 7:02 PM
News IconPaychex, Inc. (NASDAQ:PAYX) – Top Stock from Services Sector - The Daily Leicester (NASDAQ:PAYX) - August 12 at 9:54 AM logoNew Paychex WORX Content Hub Offers Insightful Resources for Businesses Owners (NASDAQ:PAYX) - August 11 at 9:57 AM logoPaychex Becomes #9 Most Shorted Nasdaq 100 Component, Replacing Henry Schein (NASDAQ:PAYX) - August 10 at 7:09 PM logoAmerican Families Seek Guidance on Paying Nannies (NASDAQ:PAYX) - August 10 at 9:50 AM logoPaychex, Inc. (NASDAQ:PAYX) Paid $0.46 As Dividend - Stocks Daily (NASDAQ:PAYX) - August 9 at 6:59 PM
News IconIs Paychex, Inc. (NASDAQ:PAYX), a large market cap stock a smart ... - Twin County News (NASDAQ:PAYX) - August 9 at 9:55 AM logoThe SurePayroll Small Business Scorecard(R): Business Owners Rank Top Tech Tools for 2016 (NASDAQ:PAYX) - August 8 at 11:25 AM
News IconA look at a High Market Cap Stock: Paychex, Inc., PAYX - The Daily Leicester (NASDAQ:PAYX) - August 6 at 9:34 AM logoAnalysts Actions to Track: Paychex, Inc. (NASDAQ:PAYX) , Cross Country Healthcare, Inc. (NASDAQ:CCRN) - Street Updates (NASDAQ:PAYX) - August 5 at 6:58 PM logoPaychex CEO: Steady, Good Growth in U.S. Job Market (NASDAQ:PAYX) - August 5 at 6:58 PM
News IconAnalyst Recommendation Worth Stating Today: Paychex, Inc. (NASDAQ:PAYX) - The Voice Registrar (NASDAQ:PAYX) - August 4 at 7:13 PM logoTwo Movers within Analysts Observation:Paychex, Inc. (NASDAQ:PAYX) , Teekay Tankers Ltd. (NYSE:TNK) - Street Updates (NASDAQ:PAYX) - August 4 at 7:13 PM
News IconLeading stocks in today's market: Paychex, Inc. (NASDAQ:PAYX) - Twin County News (NASDAQ:PAYX) - August 4 at 9:54 AM logoNotable Stocks within Analysts Radar: Paychex, Inc. (NASDAQ:PAYX) , Ascena Retail Group, Inc. (NASDAQ:ASNA) - Street Updates (NASDAQ:PAYX) - August 2 at 7:02 PM logoPaychex, Inc. (NASDAQ:PAYX) Dividend Payout At $0.46 - Stocks Daily (NASDAQ:PAYX) - August 2 at 7:02 PM logoJuly Small Business Job Growth Is Positive, Paychex CEO Mucci Tells CNBC (NASDAQ:PAYX) - August 2 at 11:41 AM logoSmall Business Jobs Index Moderates in July, Following 2016 Peak in June (NASDAQ:PAYX) - August 2 at 11:41 AM logoSmall biz jobs-growth index eases in July from 2016 high (NASDAQ:PAYX) - August 2 at 9:33 AM logoCan Shares Of Paychex, Inc. (NASDAQ:PAYX) Hit $63? - Investor Newswire (NASDAQ:PAYX) - July 30 at 6:06 PM
News IconAnalyst Recommended Stock: Paychex, Inc. (NASDAQ:PAYX ... - News Oracle (NASDAQ:PAYX) - July 30 at 6:06 PM logoADP Earnings: PEO Services Drive Q4 And Full Year Results (NASDAQ:PAYX) - July 29 at 3:22 PM logoNew Option Strategy Limits Risk Around Earnings (NASDAQ:PAYX) - July 29 at 12:13 PM logoPaychex : Increases Quarterly Dividend and Authorizes $350 Million Stock Repurchase (NASDAQ:PAYX) - July 29 at 9:48 AM logoWhy Paychex's Stock Is Worth $55 (NASDAQ:PAYX) - July 28 at 2:26 PM logoPaychex, Inc. (NASDAQ:PAYX) Paid $0.46 Per Share Last Year - Stocks Daily (NASDAQ:PAYX) - July 26 at 7:02 PM logoPaychex, Inc. :PAYX-US: Earnings Analysis: Q4, 2016 By the Numbers : July 26, 2016 (NASDAQ:PAYX) - July 26 at 9:50 AM logoStocks In Queue: SunPower Corporation (SPWR), Paychex, Inc ... - iStreetWire (NASDAQ:PAYX) - July 25 at 6:54 PM
News IconInsider Trading to Watch for: Paychex, Inc. (NASDAQ:PAYX) - Post Registrar (NASDAQ:PAYX) - July 25 at 6:54 PM
News IconToday's Top Gainers in the Market Paychex, Inc. (NASDAQ:PAYX ... - The Daily Leicester (NASDAQ:PAYX) - July 25 at 6:54 PM logoIs $63 Price Target Attainable For Paychex, Inc. (NASDAQ:PAYX)? - Investor Newswire (NASDAQ:PAYX) - July 23 at 6:13 PM logoPAYCHEX INC Files SEC form 10-K, Annual Report (NASDAQ:PAYX) - July 22 at 5:31 PM logoETF’s with exposure to Paychex, Inc. : July 22, 2016 (NASDAQ:PAYX) - July 22 at 3:19 PM logoPaychex, Inc. :PAYX-US: Earnings Analysis: 2016 By the Numbers : July 22, 2016 (NASDAQ:PAYX) - July 22 at 9:09 AM
News IconEarnings Focus and Crowd Sourced Sentiment Review for Paychex, Inc. (NASDAQ:PAYX) - TGP (NASDAQ:PAYX) - July 21 at 9:35 AM
News IconStock under Analysts' radar: Paychex, Inc. (NASDAQ:PAYX) | News ... - News Oracle (NASDAQ:PAYX) - July 21 at 9:35 AM logoPaychex Small Business Snapshot: The Election's Impact on Hiring and Wage Decisions (NASDAQ:PAYX) - July 21 at 9:30 AM logoNY billionaire donates $2M to local public broadcasting (NASDAQ:PAYX) - July 21 at 8:00 AM logoPaychex Insurance Agency Ranks 23rd on Top 100 List of U.S. Insurance Firms (NASDAQ:PAYX) - July 20 at 7:30 PM


Paychex (NASDAQ:PAYX) Chart for Thursday, August, 25, 2016

Last Updated on 8/25/2016 by Staff