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

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$66.15 -1.42 (-2.10 %)
(As of 10/24/2018 01:43 AM ET)
Previous Close$67.57
Today's Range$65.39 - $67.36
52-Week Range$59.36 - $76.02
Volume3.00 million shs
Average Volume2.19 million shs
Market Capitalization$24.40 billion
P/E Ratio25.94
Dividend Yield3.30%
Beta0.95
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. 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.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity RatioN/A
Current Ratio1.15
Quick Ratio1.15

Price-To-Earnings

Trailing P/E Ratio25.94
Forward P/E Ratio23.21
P/E Growth2.81

Sales & Book Value

Annual Sales$3.38 billion
Price / Sales7.03
Cash Flow$3.0442 per share
Price / Cash21.73
Book Value$5.64 per share
Price / Book11.73

Profitability

EPS (Most Recent Fiscal Year)$2.55
Net Income$933.70 million
Net Margins27.71%
Return on Equity42.87%
Return on Assets12.44%

Miscellaneous

Employees14,300
Outstanding Shares359,080,000
Market Cap$24.40 billion
OptionableOptionable

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 11th. Shareholders of record on Thursday, November 1st will be given a dividend of $0.56 per share on Thursday, November 15th. This represents a $2.24 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Wednesday, October 31st. View Paychex's Dividend History.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) announced its quarterly earnings data on Tuesday, October, 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.65 by $0.02. The business services provider earned $862.80 million during the quarter, compared to analysts' expectations of $850.39 million. Paychex had a net margin of 27.71% and a return on equity of 42.87%. Paychex's quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. View Paychex's Earnings History.

When is Paychex's next earnings date?

Paychex is scheduled to release their next quarterly earnings announcement on Thursday, December 20th 2018. View Earnings Estimates for Paychex.

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

Paychex issued an update on its FY19 earnings guidance on Tuesday, October, 2nd. The company provided earnings per share guidance of +11% to ~$2.83 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.85.

What price target have analysts set for PAYX?

16 equities research analysts have issued 1 year target prices for Paychex's shares. Their forecasts range from $63.00 to $82.00. On average, they expect Paychex's share price to reach $72.9333 in the next twelve months. This suggests a possible upside of 10.3% from the stock's current price. View Analyst Price Targets for Paychex.

What is the consensus analysts' recommendation for Paychex?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 2 sell ratings, 13 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

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)

Who are Paychex's major shareholders?

Paychex's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Welch & Forbes LLC (0.17%), Scout Investments Inc. (0.10%), Sabal Trust CO (0.09%), Chevy Chase Trust Holdings Inc. (0.07%), Aperio Group LLC (0.07%) and CHURCHILL MANAGEMENT Corp (0.07%). 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 State of Alaska Department of Revenue, Scout Investments Inc., CHURCHILL MANAGEMENT Corp, Covenant Multifamily Offices LLC, Pensionfund DSM Netherlands, Tributary Capital Management LLC, Xact Kapitalforvaltning AB and Monument Capital Management. 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 Cookson Peirce & Co. Inc., First Quadrant L P CA, Ronna Sue Cohen, Ronna Sue Cohen, Aperio Group LLC, Sheets Smith Wealth Management, Iberiabank Corp and Sonora Investment Management LLC. 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 $66.15.

How big of a company is Paychex?

Paychex has a market capitalization of $24.40 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.

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:  1.4 out of 5 (star)
Outperform Votes:  241 (Vote Outperform)
Underperform Votes:  592 (Vote Underperform)
Total Votes:  833
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 10/24/2018 by MarketBeat.com Staff

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