NASDAQ:PAYX - Paychex Stock Price, Price Target & More

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$69.90 -0.56 (-0.79 %)
(As of 07/18/2018 04:00 PM ET)
Previous Close$70.46
Today's Range$69.60 - $70.46
52-Week Range$54.20 - $73.10
Volume1.62 million shs
Average Volume2.29 million shs
Market Capitalization$25.14 billion
P/E Ratio27.41
Dividend Yield3.20%
Beta0.99
Paychex logoPaychex, Inc. provides payroll, human resource (HR), retirement, and insurance services for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that include 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, such as 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, commercial auto, and 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, and recruiting 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. Paychex, Inc. markets its products and services through direct sales force. The company 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
SymbolNASDAQ:PAYX
CUSIP70432610
Phone585-385-6666

Debt

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

Price-To-Earnings

Trailing P/E Ratio27.41
Forward P/E Ratio24.61
P/E Growth3.01

Sales & Book Value

Annual Sales$3.38 billion
Price / Sales7.43
Cash Flow$3.1233 per share
Price / Cash22.38
Book Value$5.64 per share
Price / Book12.39

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

Employees13,700
Outstanding Shares359,270,000
Market Cap$25,142.09

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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, July 12th. Stockholders 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 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend 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 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.62 by $0.01. The business services provider earned $871.10 million during the quarter, compared to analyst estimates of $868.60 million. Paychex had a return on equity of 44.29% and a net margin of 27.62%. The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company 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 Monday, October, 1st 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 Wednesday, June, 27th. The company provided earnings per share 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 equities research analysts have issued 12 month target prices for Paychex's stock. Their predictions range from $63.00 to $73.00. On average, they anticipate Paychex's share price to reach $67.40 in the next year. This suggests that the stock has a possible downside of 3.6%. View Analyst Ratings 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 1 sell rating, 10 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."

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, CEO, Pres & Non- Independent Director (Age 58)
  • Mr. Efrain Rivera DM, MBA, J.D., 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?

Media headlines about PAYX stock have been trending positive recently, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Paychex earned a media sentiment score of 0.29 on Accern's scale. They also gave media coverage about the business services provider an impact score of 46.29 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Who are Paychex's major shareholders?

Paychex's stock is owned by many different of retail and institutional investors. Top institutional investors include Welch & Forbes LLC (0.17%), Bank of Montreal Can (0.11%), Scout Investments Inc. (0.11%), Sabal Trust CO (0.09%), NN Investment Partners Holdings N.V. (0.08%) and CHURCHILL MANAGEMENT Corp (0.08%). 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 Capital Investment Advisors LLC, Welch & Forbes LLC, Fjarde AP Fonden Fourth Swedish National Pension Fund, CHURCHILL MANAGEMENT Corp, Sabal Trust CO, Rathbone Brothers plc, NN Investment Partners Holdings N.V. and DnB Asset Management AS. Company insiders that have sold Paychex company stock in the last year include Efrain Rivera, 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 bought by a variety of institutional investors in the last quarter, including Scout Investments Inc., Assenagon Asset Management S.A., State of Alaska Department of Revenue, Webster Bank N. A., Bank of Montreal Can, Oakbrook Investments LLC, Clinton Group Inc. and Cullinan Associates 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 $69.90.

How big of a company is Paychex?

Paychex has a market capitalization of $25.14 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 13,700 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:  1.3 out of 5 (star)
Outperform Votes:  196 (Vote Outperform)
Underperform Votes:  549 (Vote Underperform)
Total Votes:  745
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 7/18/2018 by MarketBeat.com Staff

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