Paychex Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 3 sell ratings, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Paychex stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PAYX, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Paychex a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Paychex wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Paychex is scheduled to release its next quarterly earnings announcement on Friday, June 25th 2021.
View our earnings forecast for Paychex.

Paychex will be holding an earnings conference call on Friday, June 25th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "#5322439".

Paychex, Inc. (NASDAQ:PAYX) issued its quarterly earnings data on Monday, April, 5th. The business services provider reported $0.96 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.92 by $0.04. The business services provider had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Paychex had a net margin of 26.76% and a trailing twelve-month return on equity of 37.19%. The company's revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS.
View Paychex's earnings history.

Paychex's stock was trading at $74.68 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PAYX stock has increased by 38.2% and is now trading at $103.18.
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Paychex declared a quarterly dividend on Friday, April 30th. Shareholders of record on Wednesday, May 12th will be paid a dividend of $0.66 per share on Thursday, May 27th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Tuesday, May 11th. This is a boost from Paychex's previous quarterly dividend of $0.62.
View Paychex's dividend history.

Paychex pays an annual dividend of $2.64 per share and currently has a dividend yield of 2.55%. Paychex does not yet have a strong track record of dividend growth. The dividend payout ratio of Paychex is 88.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Paychex will have a dividend payout ratio of 82.24% in the coming year. This indicates that Paychex may not be able to sustain their current dividend.
View Paychex's dividend history.

Paychex updated its FY 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share (EPS) guidance of 2.940-3.000 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.940. The company issued revenue guidance of $3.96 billion-$4.04 billion, compared to the consensus revenue estimate of $3.99 billion.

12 brokerages have issued 12 month price targets for Paychex's stock. Their forecasts range from $78.00 to $105.00. On average, they expect Paychex's stock price to reach $94.75 in the next year. This suggests that the stock has a possible downside of 8.2%.
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975 employees have rated Paychex CEO Martin Mucci on Glassdoor.com. Martin Mucci has an approval rating of 90% among Paychex's employees.

Some companies that are related to Paychex include Visa (V), Mastercard (MA), Fidelity National Information Services (FIS), Automatic Data Processing (ADP), Fiserv (FISV), Global Payments (GPN), FLEETCOR Technologies (FLT), Broadridge Financial Solutions (BR), Jack Henry & Associates (JKHY), The Western Union (WU), WEX (WEX), Genpact (G), Euronet Worldwide (EEFT), CoreLogic (CLGX) and Maximus (MMS).
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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).

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

Paychex's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.20%), Capital International Investors (3.86%), Bank of New York Mellon Corp (3.13%), Geode Capital Management LLC (1.79%), Select Equity Group L.P. (1.78%) and Northern Trust Corp (1.40%). Company insiders that own Paychex stock include David J S Flaschen, Efrain Rivera, 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.

PAYX stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Capital International Investors, Crawford Investment Counsel Inc., D. E. Shaw & Co. Inc., Nordea Investment Management AB, Bahl & Gaynor Inc., Troy Asset Management Ltd, and Bank of Nova Scotia. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, John B Gibson, Joseph Doody, Joseph M Tucci, Joseph M Velli, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Robert L Schrader, and Stephanie L Schaeffer.
View insider buying and selling activity for Paychex or view top insider-selling stocks.

PAYX stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Parnassus Investments CA, GSB Wealth Management LLC, Morgan Stanley, Lazard Asset Management LLC, Mawer Investment Management Ltd., Disciplined Growth Investors Inc. MN, and Amundi Asset Management US Inc..
View insider buying and selling activity for Paychex or or view top insider-buying stocks.

Shares of PAYX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PAYX stock can currently be purchased for approximately $103.18.

Paychex has a market capitalization of $37.18 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.

The following companies are subsidiares of Paychex: Advance Partners, Advantage Payroll Services, Advantage Payroll Services Inc., Expense Wire LLC, ExpenseWire, Fast 401k Inc., HR Outsourcing, HR Service, HR Services Inc., Icon Time Systems, InterPay, Lessor Group, NETTIME SOLUTIONS L.L.C., Oasis Outsourcing, Olsen Computer Systems, PXC Inc., Paychex Advance LLC, Paychex Benefit Technologies, Paychex Benefit Technologies Inc., Paychex Brazil LLC, Paychex Business Solutions LLC, Paychex Deutschland GmbH, Paychex Insurance Agency Inc., Paychex Insurance Concepts Inc., Paychex Investment LLC, Paychex Management LLC, Paychex North America Inc., Paychex Real Estate LLC, Paychex Recordkeeping Services Inc., Paychex Securities Corporation, Paychex Time & Attendance Inc., Paychex of New York LLC, Rapid Payroll Inc., SurePayroll, SurePayroll Inc., The Payroll Company, ePlan Services, myStaffingPro by HR Services, and nettime Solutions.

Paychex was founded in 1971.

The official website for Paychex is www.paychex.com.

Paychex is headquartered at 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625.

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 or via email at [email protected]