NASDAQ:PAYX - Paychex Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$72.32 +0.43 (+0.60 %)
(As of 08/20/2018 02:40 AM ET)
Previous Close$72.32
Today's Range$71.56 - $72.42
52-Week Range$54.76 - $73.10
Volume2.92 million shs
Average Volume2.22 million shs
Market Capitalization$25.50 billion
P/E Ratio28.36
Dividend Yield3.15%
Beta0.94
Paychex logoPaychex, Inc. provides payroll, human resource (HR), retirement, 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 outsourcing services, including Paychex HR solutions comprising 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 insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life; cloud-based HR administration software products for employee benefits management and administration, time and attendance, recruiting, and onboarding solutions; and other HR services and products, such as employee handbooks, management manuals, and personnel and required regulatory forms. Further, it provides various accounting and financial services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and various services, such as payment processing services, financial fitness programs, and a small-business loan resource center. The company markets its products and services through direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.

Receive PAYX News and Ratings via Email

Sign-up to receive the latest news and ratings for PAYX and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Engineering, accounting, research, management & related services
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
SymbolNASDAQ:PAYX
CUSIP70432610
Phone585-385-6666

Debt

Debt-to-Equity RatioN/A
Current Ratio1.09
Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio28.36
Forward P/E Ratio25.46
P/E Growth3.05

Sales & Book Value

Annual Sales$3.38 billion
Price / Sales7.68
Cash Flow$3.1831 per share
Price / Cash22.72
Book Value$5.64 per share
Price / Book12.82

Profitability

EPS (Most Recent Fiscal Year)$2.55
Net Income$933.70 million
Net Margins27.62%
Return on Equity44.29%
Return on Assets11.94%

Miscellaneous

Employees14,300
Outstanding Shares359,000,000
Market Cap$25.50 billion

Paychex (NASDAQ:PAYX) Frequently Asked Questions

What is Paychex's stock symbol?

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

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

Paychex announced a quarterly dividend on Thursday, July 12th. Shareholders of record on Wednesday, August 1st will be paid a dividend of $0.56 per share on Thursday, August 23rd. This represents a $2.24 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Tuesday, July 31st. View Paychex's Dividend History.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) posted its quarterly earnings data on Wednesday, June, 27th. The business services provider reported $0.61 EPS for the quarter, missing the Zacks' consensus estimate of $0.62 by $0.01. The business services provider had revenue of $871.10 million for the quarter, compared to the consensus estimate of $868.60 million. Paychex had a net margin of 27.62% and a return on equity of 44.29%. Paychex's quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. View Paychex's Earnings History.

When is Paychex's next earnings date?

Paychex is scheduled to release their next quarterly earnings announcement on Tuesday, October, 2nd 2018. View Earnings Estimates for Paychex.

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

Paychex updated its FY19 earnings guidance on Wednesday, June, 27th. The company provided EPS guidance of +11% to ~$2.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.77. The company issued revenue guidance of +6-7% to ~$3.58-3.62, compared to the consensus revenue estimate of $3.60 billion.

What price target have analysts set for PAYX?

12 analysts have issued 1 year price targets for Paychex's stock. Their forecasts range from $63.00 to $73.00. On average, they expect Paychex's share price to reach $67.8182 in the next twelve months. This suggests that the stock has a possible downside of 6.2%. View Analyst Price Targets for Paychex.

What is the consensus analysts' recommendation for Paychex?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 2 sell ratings, 9 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

Are investors shorting Paychex?

Paychex saw a decline in short interest during the month of July. As of July 13th, there was short interest totalling 9,073,504 shares, a decline of 11.5% from the June 29th total of 10,256,269 shares. Based on an average daily trading volume, of 2,121,888 shares, the days-to-cover ratio is currently 4.3 days. Currently, 2.8% of the shares of the company are short sold. View Paychex's Current Options Chain.

Who are some of Paychex's key competitors?

Who are Paychex's key executives?

Paychex's management team includes the folowing people:
  • Mr. Martin Mucci, Pres, CEO & Director (Age 58)
  • Mr. Efrain Rivera, Sr. VP, CFO & Treasurer (Age 61)
  • Mr. Mark A. Bottini, Sr. VP of Sales (Age 57)
  • Mr. Michael E. Gioja, Sr. VP of Product Devel. & Information Technology (Age 60)
  • Mr. John B. Gibson, Sr. VP of Service (Age 51)

Has Paychex been receiving favorable news coverage?

News coverage about PAYX stock has trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Paychex earned a news and rumor sentiment score of 0.20 on Accern's scale. They also gave media headlines about the business services provider an impact score of 48.11 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for Paychex.

Who are Paychex's major shareholders?

Paychex's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.90%), Bank of America Corp DE (2.56%), Wells Fargo & Company MN (2.28%), FMR LLC (2.22%), Bank of New York Mellon Corp (2.18%) and Select Equity Group L.P. (2.17%). Company insiders that own Paychex stock include David J S Flaschen, Efrain Rivera, Grant M Inman, Jennifer R Vossler, John B Gibson, Joseph Doody, Joseph M Tucci, Joseph M Velli, Laurie L Zaucha, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Pamela A Joseph and Stephanie L Schaeffer. 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 Bank of America Corp DE, Voya Investment Management LLC, Select Equity Group L.P., Morgan Stanley, FMR LLC, American International Group Inc., Federated Investors Inc. PA and Advisors Asset Management Inc.. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, Grant M Inman, Jennifer R Vossler, John B Gibson, Joseph M Tucci, Joseph M Velli, Laurie L Zaucha, Mark Anthony Bottini, Martin Mucci, Michael E Gioja and Stephanie L Schaeffer. View Insider Buying and Selling for Paychex.

Which institutional investors are buying Paychex stock?

PAYX stock was acquired by a variety of institutional investors in the last quarter, including American Century Companies Inc., Marshall Wace LLP, Donaldson Capital Management LLC, BlackRock Inc., California Public Employees Retirement System, Bank of New York Mellon Corp, Bruderman Asset Management LLC and Scout Investments Inc.. View Insider Buying and Selling for Paychex.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $72.32.

How big of a company is Paychex?

Paychex has a market capitalization of $25.50 billion and generates $3.38 billion in revenue each year. The business services provider earns $933.70 million in net income (profit) each year or $2.55 on an earnings per share basis. Paychex employs 14,300 workers across the globe.

How can I contact Paychex?

Paychex's mailing address is 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625. The business services provider can be reached via phone at 585-385-6666.


MarketBeat Community Rating for Paychex (NASDAQ PAYX)

Community Ranking:  1.4 out of 5 (star)
Outperform Votes:  218 (Vote Outperform)
Underperform Votes:  564 (Vote Underperform)
Total Votes:  782
MarketBeat's community ratings are surveys of what our community members think about Paychex and other stocks. Vote "Outperform" if you believe PAYX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PAYX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/20/2018 by MarketBeat.com Staff

Featured Article: Stock Symbol

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel