NASDAQ:PAYX - Paychex Stock Price, Forecast & News

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

Paychex declared a quarterly dividend on Friday, January 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.62 per share on Thursday, February 20th. This represents a $2.48 annualized dividend and a dividend yield of 2.81%. View Paychex's Dividend History.

Paychex, Inc. (NASDAQ:PAYX) released its earnings results on Wednesday, December, 18th. The business services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. The business services provider earned $990.70 million during the quarter, compared to analysts' expectations of $988.26 million. Paychex had a net margin of 26.72% and a return on equity of 41.21%. The business's quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. View Paychex's Earnings History.

Paychex is scheduled to release their next quarterly earnings announcement on Wednesday, March 25th 2020. View Earnings Estimates for Paychex.

Paychex updated its FY 2020 Pre-Market earnings guidance on Wednesday, December, 18th. The company provided earnings per share guidance of 3.12-3.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.10.

11 brokerages have issued 1-year price targets for Paychex's stock. Their forecasts range from $74.00 to $97.00. On average, they anticipate Paychex's stock price to reach $84.50 in the next year. This suggests that the stock has a possible downside of 4.2%. View Analyst Price Targets for Paychex.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

News stories about PAYX stock have trended somewhat negative on Sunday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Paychex earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned media headlines about the business services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Paychex.

Paychex saw a decline in short interest during the month of December. As of December 31st, there was short interest totalling 8,790,000 shares, a decline of 9.8% from the December 15th total of 9,740,000 shares. Based on an average daily trading volume, of 1,330,000 shares, the short-interest ratio is presently 6.6 days. Currently, 2.8% of the company's stock are sold short. View Paychex's Current Options Chain.

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

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), AT&T (T), Verizon Communications (VZ), NVIDIA (NVDA), Procter & Gamble (PG), Pfizer (PFE) and Home Depot (HD).

Paychex's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Welch & Forbes LLC (0.15%), Wedge Capital Management L L P NC (0.15%), Donaldson Capital Management LLC (0.12%), PGGM Investments (0.11%), Assenagon Asset Management S.A. (0.11%) and Sabal Trust CO (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, Robert L Schrader and Stephanie L Schaeffer. View Institutional Ownership Trends for Paychex.

PAYX stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Wedge Capital Management L L P NC, Baxter Bros Inc., Scout Investments Inc., Commerzbank Aktiengesellschaft FI, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Cullinan Associates Inc. and Welch & Forbes LLC. 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.

PAYX stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments, Johanson Financial Advisors Inc., Gradient Investments LLC, Gateway Investment Advisers LLC, Sonora Investment Management LLC, Donaldson Capital Management LLC, JGP Wealth Management LLC and Raymond James Trust N.A.. View Insider Buying and Selling for 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.

One share of PAYX stock can currently be purchased for approximately $88.24.

Paychex has a market capitalization of $31.58 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.

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

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.