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Paychex Stock Price, Forecast & Analysis (NASDAQ:PAYX)

$85.80
+0.01 (+0.01 %)
(As of 11/20/2019 12:51 PM ET)
Today's Range
$85.45
Now: $85.80
$86.06
50-Day Range
$81.97
MA: $83.91
$86.09
52-Week Range
$61.32
Now: $85.80
$88.43
Volume16,914 shs
Average Volume1.25 million shs
Market Capitalization$30.71 billion
P/E Ratio30.21
Dividend Yield2.93%
Beta0.89
Paychex, 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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.77 billion
Cash Flow$4.06 per share
Book Value$7.29 per share

Profitability

Net Income$1.03 billion

Miscellaneous

Employees15,600
Market Cap$30.71 billion
Next Earnings Date12/18/2019 (Estimated)
OptionableOptionable

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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, October 17th. Stockholders of record on Friday, November 1st will be given a dividend of $0.62 per share on Thursday, November 21st. This represents a $2.48 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Thursday, October 31st. View Paychex's Dividend History.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) issued its earnings results on Wednesday, October, 2nd. The business services provider reported $0.71 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.69 by $0.02. The business services provider had revenue of $992 million for the quarter, compared to analyst estimates of $991.70 million. Paychex had a net margin of 27.04% and a return on equity of 41.07%. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. View Paychex's Earnings History.

When is Paychex's next earnings date?

Paychex is scheduled to release their next quarterly earnings announcement on Wednesday, December 18th 2019. View Earnings Estimates for Paychex.

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

Paychex updated its FY 2020 earnings guidance on Wednesday, October, 2nd. The company provided EPS guidance of $3.10-3.10 for the period, compared to the Thomson Reuters consensus estimate of $3.09.

What price target have analysts set for PAYX?

9 equities research analysts have issued 1 year target prices for Paychex's stock. Their forecasts range from $68.00 to $92.00. On average, they expect Paychex's stock price to reach $79.33 in the next twelve months. This suggests that the stock has a possible downside of 7.4%. View Analyst Price Targets for Paychex.

What is the consensus analysts' recommendation for Paychex?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 3 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

Has Paychex been receiving favorable news coverage?

Media coverage about PAYX stock has been trending extremely negative this week, InfoTrie reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Paychex earned a media sentiment score of -5.0 on InfoTrie's scale. They also assigned news headlines about the business services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Paychex.

Are investors shorting Paychex?

Paychex saw a drop in short interest in October. As of October 15th, there was short interest totalling 9,650,000 shares, a drop of 13.4% from the September 15th total of 11,140,000 shares. Based on an average daily trading volume, of 1,580,000 shares, the days-to-cover ratio is currently 6.1 days. Currently, 3.0% of the shares of the company are sold short. View Paychex's Current Options Chain.

Who are some of Paychex's key competitors?

What other stocks do shareholders of Paychex own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Paychex investors own include General Electric (GE), Cisco Systems (CSCO), Intel (INTC), Johnson & Johnson (JNJ), Verizon Communications (VZ), AT&T (T), Costco Wholesale (COST), NVIDIA (NVDA), Pfizer (PFE) and Procter & Gamble (PG).

Who are Paychex's key executives?

Paychex's management team includes the folowing people:
  • Mr. Martin Mucci, Pres, CEO & Director (Age 59)
  • Mr. Efrain Rivera, Sr. VP, CFO & Treasurer (Age 62)
  • Mr. Mark A. Bottini, Sr. VP of Sales (Age 58)
  • Mr. Michael E. Gioja, Sr. VP of Product Devel. & Information Technology (Age 61)
  • Mr. John B. Gibson, Sr. VP of Service (Age 52)

Who are Paychex's major shareholders?

Paychex's stock is owned by many different of retail and institutional investors. Top institutional shareholders include California Public Employees Retirement System (0.77%), Confluence Investment Management LLC (0.46%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), Marathon Asset Management LLP (0.24%), First Trust Advisors LP (0.23%) and Rhumbline Advisers (0.21%). 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, Robert L Schrader and Stephanie L Schaeffer. View Institutional Ownership Trends for Paychex.

Which major investors are selling Paychex stock?

PAYX stock was sold by a variety of institutional investors in the last quarter, including Sawgrass Asset Management LLC, Teacher Retirement System of Texas, SG Americas Securities LLC, Russell Investments Group Ltd., Railway Pension Investments Ltd, OLD Republic International Corp, Miracle Mile Advisors LLC and Decatur Capital Management Inc.. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, Jennifer R Vossler, Joseph Doody, Joseph M Tucci, Joseph M Velli, Laurie L Zaucha, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Pamela A Joseph, Robert L Schrader and Stephanie L Schaeffer. View Insider Buying and Selling for Paychex.

Which major investors are buying Paychex stock?

PAYX stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Conning Inc., California Public Employees Retirement System, State of New Jersey Common Pension Fund D, Crossmark Global Holdings Inc., Waratah Capital Advisors Ltd., Copeland Capital Management LLC and First Trust Advisors LP. 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, Robinhood, Fidelity and Charles Schwab.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $85.66.

How big of a company is Paychex?

Paychex has a market capitalization of $30.66 billion and generates $3.77 billion in revenue each year. The business services provider earns $1.03 billion in net income (profit) each year or $2.84 on an earnings per share basis. Paychex employs 15,600 workers across the globe.View Additional Information About Paychex.

What is Paychex's official website?

The official website for Paychex is http://www.paychex.com/.

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:  1.5 out of 5 (star half star)
Outperform Votes:  294 (Vote Outperform)
Underperform Votes:  658 (Vote Underperform)
Total Votes:  952
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 11/20/2019 by MarketBeat.com Staff

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