Paychex (PAYX) Stock Price, News & Analysis

$125.65
+0.46 (+0.37%)
(As of 05/17/2024 ET)
Today's Range
$124.14
$125.83
50-Day Range
$117.79
$126.59
52-Week Range
$104.09
$129.70
Volume
2.41 million shs
Average Volume
1.77 million shs
Market Capitalization
$45.23 billion
P/E Ratio
27.37
Dividend Yield
3.12%
Price Target
$123.00

Paychex MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.82 Rating Score
Upside/​Downside
2.1% Downside
$123.00 Price Target
Short Interest
Bearish
3.84% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
1.56mentions of Paychex in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$9,660 Bought 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.

4.41 out of 5 stars

Business Services Sector

44th out of 317 stocks

Engineering, Accounting, Research, Management & Related Services Industry

1st 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

The 7 Best Dividend Stocks to Buy in May 2024
QQQ ETF Update, 5/8/2024
Paychex Lifts Quarterly Dividend to 98c/Shr
Paychex: A Consistently High-Margin Business
Paychex: Scoop Up This Dividend Growth Stock Now
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
Ex-Dividend for 5/30 Dividend
5/09/2024
Today
5/17/2024
Dividend Payable
5/30/2024
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
-2.1%
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
$5.50 per share
Book Value
$9.69 per share

Miscellaneous

Free Float
318,567,000
Market Cap
$45.23 billion
Optionable
Optionable
Beta
0.93

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PAYX Stock Analysis - Frequently Asked Questions

Should I buy or sell Paychex stock right now?

11 Wall Street 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 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 brokerages have issued 1 year price objectives for Paychex's stock. Their PAYX share price targets range from $111.00 to $130.00. On average, they expect the company's share price to reach $123.00 in the next twelve months. This suggests that the stock has a possible downside of 2.1%.
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 stock has increased by 5.5% and is now trading at $125.65.
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) released its earnings results on Tuesday, April, 2nd. The business services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.01. The business services provider earned $1.44 billion during the quarter, compared to analyst estimates of $1.46 billion. Paychex had a trailing twelve-month return on equity of 46.14% and a net margin of 31.86%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.29 earnings per share.
Read the conference call transcript
.

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

Paychex announced a quarterly dividend on Wednesday, May 1st. Shareholders of record on Friday, May 10th will be given a dividend of $0.98 per share on Thursday, May 30th. This represents a $3.92 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from the stock's previous quarterly dividend of $0.89.
Read our dividend analysis for PAYX
.

Is Paychex a good dividend stock?

Paychex (NASDAQ:PAYX) pays an annual dividend of $3.92 per share and currently has a dividend yield of 3.15%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 85.40%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PAYX will have a dividend payout ratio of 78.87% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PAYX.

How will Paychex's stock buyback program work?

Paychex announced that its board has initiated a stock repurchase plan on Friday, January 19th 2024, which permits the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 0.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its stock is 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 Vanguard Group Inc. (8.48%), Capital International Investors (5.80%), Bank of New York Mellon Corp (3.09%), Capital World Investors (0.69%), TD Asset Management Inc (0.61%) and Epoch Investment Partners Inc. (0.47%). 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.
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This page (NASDAQ:PAYX) was last updated on 5/17/2024 by MarketBeat.com Staff

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