S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
How major US stock indexes fared Friday, 4/12/2024
MarketBeat Week in Review – 4/8 - 4/12
5 Trends You Need to Know This Quarter
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
How major US stock indexes fared Friday, 4/12/2024
MarketBeat Week in Review – 4/8 - 4/12
5 Trends You Need to Know This Quarter
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
How major US stock indexes fared Friday, 4/12/2024
MarketBeat Week in Review – 4/8 - 4/12
5 Trends You Need to Know This Quarter
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
How major US stock indexes fared Friday, 4/12/2024
MarketBeat Week in Review – 4/8 - 4/12
5 Trends You Need to Know This Quarter
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals

Paychex (PAYX) Stock Price, News & Analysis

$123.00
-1.24 (-1.00%)
(As of 04/12/2024 ET)
Today's Range
$122.25
$124.10
50-Day Range
$118.96
$126.59
52-Week Range
$104.09
$129.70
Volume
2.00 million shs
Average Volume
2.15 million shs
Market Capitalization
$44.28 billion
P/E Ratio
26.80
Dividend Yield
2.89%
Price Target
$123.00

Paychex MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.82 Rating Score
Upside/​Downside
N/A
Short Interest
Healthy
3.47% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.55mentions of Paychex in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$1.87 M Sold Last Quarter
Proj. Earnings Growth
5.52%
From $4.71 to $4.97 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.51 out of 5 stars

Business Services Sector

25th out of 314 stocks

Engineering, Accounting, Research, Management & Related Services Industry

2nd out of 2 stocks

PAYX stock logo

About Paychex Stock (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, 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 Stock Price History

PAYX Stock News Headlines

Buy the Dip in Paychex, Inc. for a Pay Check at Retirement
Paychex, Inc.'s NASDAQ: PAYX stock price is falling into a buying opportunity that retirement-oriented income investors should heed. The only trouble with the Q3 results and guidance is that they failed to exceed expectations, and the stock valuation was high.
Buy the Dip in Paychex, Inc. for a Pay Check at Retirement
Paychex had a solid quarter, producing growth and wider margins, but failed to impress the market. The stock is down sharply, but investors should buy the dip.
Analysts Predict Price Tag for Gold to TRIPLE
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
Paychex: Scoop Up This Dividend Growth Stock Now
Analysts Predict Price Tag for Gold to TRIPLE
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
Paychex's (PAYX) "Neutral" Rating Reaffirmed at Wedbush
Q3 2024 Paychex Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 2/27 Dividend
2/12/2024
Dividend Payable
2/27/2024
Last Earnings
4/02/2024
Today
4/13/2024
Fiscal Year End
5/31/2024
Next Earnings (Estimated)
7/04/2024

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 Target
$123.00
High Stock Price Target
$130.00
Low Stock Price Target
$111.00
Potential Upside/Downside
0.0%
Consensus Rating
Reduce
Rating Score (0-4)
1.82
Research Coverage
11 Analysts

Profitability

Net Income
$1.56 billion
Pretax Margin
42.01%

Debt

Sales & Book Value

Annual Sales
$5.01 billion
Cash Flow
$5.39 per share
Book Value
$10.41 per share

Miscellaneous

Free Float
318,567,000
Market Cap
$44.28 billion
Optionable
Optionable
Beta
0.93

Social Links

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Should I Buy Paychex Stock? PAYX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Paychex, Inc.:

  • Paychex, Inc. provides integrated human capital management solutions for HR, payroll, benefits, and insurance services, catering to small to medium-sized businesses in the United States, Europe, and India.
  • The company offers a range of services including payroll processing, tax administration, employee payment services, and regulatory compliance services, ensuring comprehensive support for businesses.
  • Paychex, Inc. provides cloud-based HR administration software products for employee benefits management, time and attendance tracking, digital communication solutions, recruiting, and onboarding, enhancing operational efficiency for clients.
  • With a focus on retirement services administration, the company assists in plan implementation, compliance with regulations, online access for participants and employers, and other administrative services, ensuring a holistic approach to retirement planning.
  • Paychex, Inc. also offers insurance services covering property and casualty, health, dental, vision, and life, providing a one-stop solution for various insurance needs of businesses.

Cons

Investors should be bearish about investing in Paychex, Inc. for these reasons:

  • While Paychex, Inc. offers a comprehensive suite of services, the competitive landscape in the human capital management industry is intense, potentially impacting the company's market share and profitability.
  • Changes in regulatory environments, especially related to payroll processing and compliance services, could pose challenges for Paychex, Inc., affecting its operations and financial performance.
  • Market fluctuations and economic uncertainties may impact the demand for Paychex, Inc.'s services, leading to revenue volatility and potential pressure on the company's financial results.
  • Investors should consider the current stock price of Paychex, Inc. and evaluate whether it aligns with their investment objectives and risk tolerance, as market conditions can influence stock valuations.
  • External factors such as geopolitical events, economic downturns, or changes in industry trends could affect Paychex, Inc.'s business operations and financial stability, warranting a cautious approach to investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Paychex pros and cons to contact@marketbeat.com.

PAYX Stock Analysis - Frequently Asked Questions

Should I buy or sell Paychex stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 2 sell ratings and 9 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" PAYX shares.
View PAYX analyst ratings
or view top-rated stocks.

What is Paychex's stock price target for 2024?

11 brokers have issued 1-year target prices for Paychex's stock. Their PAYX share price targets range from $111.00 to $130.00. On average, they predict the company's stock price to reach $123.00 in the next twelve months.
View analysts price targets for PAYX
or view top-rated stocks among Wall Street analysts.

How have PAYX shares performed in 2024?

Paychex's stock was trading at $119.11 on January 1st, 2024. Since then, PAYX shares have increased by 3.3% and is now trading at $123.00.
View the best growth stocks for 2024 here
.

When is Paychex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 2024.
View our PAYX earnings forecast
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) issued its quarterly earnings results on Tuesday, April, 2nd. The business services provider reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.01. The business services provider had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.46 billion. Paychex had a net margin of 31.86% and a trailing twelve-month return on equity of 46.14%. The firm's revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 EPS.
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, January 18th. Investors of record on Tuesday, February 13th will be paid a dividend of $0.89 per share on Tuesday, February 27th. This represents a $3.56 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Monday, February 12th.
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 2.87%. 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 77.56%. 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 71.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAYX.

How will Paychex's stock buyback program work?

Paychex declared that its Board of Directors has initiated a share repurchase program on Friday, January 19th 2024, which allows the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

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

Paychex updated its FY 2024 earnings guidance on Tuesday, April, 2nd. The company provided earnings per share guidance of 4.700-4.740 for the period, compared to the consensus estimate of 4.710. The company issued revenue guidance of $5.3 billion-$5.3 billion, compared to the consensus revenue estimate of $5.3 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).

Who are Paychex's major shareholders?

Paychex's stock is owned by many different retail and institutional investors. Top institutional investors include Guinness Asset Management LTD (0.37%), Confluence Investment Management LLC (0.33%), Miller Howard Investments Inc. NY (0.16%), Welch Group LLC (0.11%), Gateway Investment Advisers LLC (0.05%) and Global Assets Advisory LLC (0.03%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NASDAQ:PAYX) was last updated on 4/13/2024 by MarketBeat.com Staff

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