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NASDAQ:PAYX

Paychex Stock Forecast, Price & News

$93.45
+0.30 (+0.32 %)
(As of 12/1/2020 03:16 PM ET)
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Compare
Today's Range
$93.05
Now: $93.45
$93.94
50-Day Range
$80.15
MA: $87.32
$93.73
52-Week Range
$47.87
Now: $93.45
$94.95
Volume39,070 shs
Average Volume2.14 million shs
Market Capitalization$33.60 billion
P/E Ratio32.22
Dividend Yield2.66%
Beta0.92
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 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 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, the company offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, 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, it 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. The company markets and sells its services primarily through its direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.
Paychex logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 1.6Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.55 out of 5 stars


Industry, Sector and Symbol

Industry Engineering, accounting, research, management & related services
Sub-IndustryData Processing & Outsourced Services
Current SymbolNASDAQ:PAYX
CUSIP70432610
Phone585-385-6666
Employees15,600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.04 billion
Cash Flow$4.83 per share
Book Value$7.73 per share

Profitability

Net Income$1.10 billion

Miscellaneous

Market Cap$33.60 billion
Next Earnings Date12/16/2020 (Estimated)
OptionableOptionable
$93.45
+0.30 (+0.32 %)
(As of 12/1/2020 03:16 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Paychex (NASDAQ:PAYX) Frequently Asked Questions

How has Paychex's stock been impacted by Coronavirus?

Paychex's stock was trading at $74.68 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PAYX stock has increased by 25.6% and is now trading at $93.77.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Paychex?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 2 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Paychex
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Paychex?

Wall Street analysts have given Paychex a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Paychex wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Wednesday, December 16th 2020.
View our earnings forecast for Paychex
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) released its quarterly earnings results on Sunday, October, 11th. The business services provider reported $0.63 EPS for the quarter, topping the Zacks' consensus estimate of $0.55 by $0.08. The business services provider had revenue of $932.20 million for the quarter, compared to analyst estimates of $888.27 million. Paychex had a net margin of 26.26% and a return on equity of 38.70%. The business's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS.
View Paychex's earnings history
.

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

Paychex announced a quarterly dividend on Thursday, October 15th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.62 per share on Tuesday, November 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Friday, October 30th.
View Paychex's dividend history
.

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

Paychex updated its FY 2021 Pre-Market earnings guidance on Tuesday, October, 6th. The company provided EPS guidance of 2.76-2.82 for the period, compared to the Thomson Reuters consensus estimate of $2.76. The company issued revenue guidance of $3.87936-3.96018 billion, compared to the consensus revenue estimate of $3.89 billion.

What price target have analysts set for PAYX?

11 brokers have issued twelve-month price objectives for Paychex's shares. Their forecasts range from $55.00 to $93.00. On average, they expect Paychex's share price to reach $75.92 in the next year. This suggests that the stock has a possible downside of 19.0%.
View analysts' price targets for Paychex
.

Are investors shorting Paychex?

Paychex saw a decline in short interest during the month of October. As of October 15th, there was short interest totaling 8,300,000 shares, a decline of 16.7% from the September 30th total of 9,960,000 shares. Based on an average daily volume of 1,660,000 shares, the days-to-cover ratio is presently 5.0 days. Currently, 2.6% of the shares of the stock are short sold.
View Paychex's Short Interest
.

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 Intel (INTC), Cisco Systems (CSCO), AT&T (T), General Electric (GE), Johnson & Johnson (JNJ), Pfizer (PFE), Verizon Communications (VZ), NVIDIA (NVDA), The Procter & Gamble (PG) and AbbVie (ABBV).

Who are Paychex's key executives?

Paychex's management team includes the following people:
  • Mr. Martin Mucci, Pres, CEO & Director (Age 60, Pay $1.78M)
  • Mr. Efrain Rivera M.B.A., DM, J.D., MBA, Sr. VP, CFO & Treasurer (Age 63, Pay $806.61k)
  • Mr. Mark A. Bottini, Sr. VP of Sales (Age 59, Pay $744.9k)
  • Mr. Michael E. Gioja, Sr. VP of Product Devel. & Information Technology (Age 62, Pay $765.99k)
  • Mr. John B. Gibson, Sr. VP of Service (Age 53, Pay $764.77k)
  • Mr. Christopher DeSalvo, VP of Service Excellence & Operations
  • Ms. Terri Allen, Investor Relations
  • Ms. Stephanie L. Schaeffer, VP, Chief Legal Officer & Corp. Sec. (Age 50)
  • Mr. Frank Fiorille, VP of Risk, Compliance & Data Analytics
  • Ms. Laura Saxby Lynch, Director of Corp. Communications

What is Paychex's stock symbol?

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

Who are Paychex's major shareholders?

Paychex's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.06%), State Street Corp (3.82%), Wells Fargo & Company MN (2.70%), Charles Schwab Investment Management Inc. (1.17%), California Public Employees Retirement System (0.75%) and American International Group Inc. (0.70%). Company insiders that own Paychex stock include David J S Flaschen, Efrain Rivera, 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, Stephanie L Schaeffer and Tom Bonadio.
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 BlackRock Inc., Arrowstreet Capital Limited Partnership, Los Angeles Capital Management & Equity Research Inc., Connor Clark & Lunn Investment Management Ltd., State Street Corp, Acadian Asset Management LLC, American International Group Inc., and Alberta Investment Management Corp. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, John B Gibson, Joseph Doody, Laurie L Zaucha, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Robert L Schrader, and Stephanie L Schaeffer.
View insider buying and selling activity for Paychex
.

Which major investors are buying Paychex stock?

PAYX stock was acquired by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, DekaBank Deutsche Girozentrale, Morgan Stanley, Charles Schwab Investment Management Inc., Hamlin Capital Management LLC, Natixis, Polaris Wealth Advisory Group LLC, and Fenimore Asset Management Inc..
View insider buying and selling activity 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 $93.77.

How big of a company is Paychex?

Paychex has a market capitalization of $33.71 billion and generates $4.04 billion in revenue each year. The business services provider earns $1.10 billion in net income (profit) each year or $3.00 on an earnings per share basis. Paychex employs 15,600 workers across the globe.

What is Paychex's official website?

The official website for Paychex is 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.

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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