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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NASDAQ:PAYX

Paychex Stock Forecast, Price & News

$116.36
+2.49 (+2.19%)
(As of 07/1/2022 08:45 PM ET)
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Today's Range
$113.51
$116.63
50-Day Range
$113.00
$132.47
52-Week Range
$106.55
$141.92
Volume
1.69 million shs
Average Volume
1.96 million shs
Market Capitalization
$42.01 billion
P/E Ratio
30.30
Dividend Yield
2.72%
Price Target
$128.93

Paychex MarketRank™ Forecast

Analyst Rating
Hold
2.07 Rating Score
Upside/​Downside
12.4% Upside
$130.77 Price Target
Short Interest
Healthy
2.88% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.10mentions of Paychex in the last 14 days
Based on 58 Articles This Week
Insider Trading
Selling Shares
$3.70 M Sold Last Quarter
Proj. Earnings Growth
7.49%
From $4.14 to $4.45 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.86 out of 5 stars

Business Services Sector

11th out of 466 stocks

Engineering, Accounting, Research, Management & Related Services Industry

2nd out of 4 stocks

30 days | 90 days | 365 days | Advanced Chart

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Paychex logo

About Paychex (NASDAQ:PAYX) Stock

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, digital communication solutions, 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 1971 and is headquartered in Rochester, New York.

PAYX Stock News Headlines

Paychex Continues To Provide Steady And Predictable Results
Paychex (NASDAQ: PAYX) results come in as expected.
Cowen Trims Paychex (NASDAQ:PAYX) Target Price to $135.00
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Paychex (NASDAQ:PAYX) PT Lowered to $135.00 at Cowen
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Paychex (NASDAQ:PAYX) Announces Earnings Results
Paychex (NASDAQ:PAYX) Price Target Cut to $123.00
See More Headlines

Industry, Sector and Symbol

Industry
Engineering, accounting, research, management & related services
Sub-Industry
Data Processing & Outsourced Services
Current Symbol
NASDAQ:PAYX
CUSIP
70432610
Employees
15,000
Year Founded
1971

Company Calendar

Ex-Dividend for 5/26 Dividend
5/11/2022
Dividend Payable
5/26/2022
Last Earnings
6/29/2022
Today
7/03/2022
Next Earnings (Estimated)
9/29/2022
Fiscal Year End
5/31/2023

Price Target and Rating

Average Stock Price Forecast
$130.77
High Stock Price Forecast
$145.00
Low Stock Price Forecast
$111.00
Forecasted Upside/Downside
+10.8%
Consensus Rating
Hold
Rating Score (0-4)
2.07142857142857
Research Coverage
13 Analysts

Profitability

Net Income
$1.10 billion
Pretax Margin
39.56%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$4.96 per share
Book Value
$8.55 per share

Miscellaneous

Free Float
319,500,000
Market Cap
$42.01 billion
Optionable
Optionable
Beta
0.98

Social Links















Paychex Frequently Asked Questions

Should I buy or sell Paychex stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 1 sell rating, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
View analyst ratings for Paychex
or view top-rated stocks.

What is Paychex's stock price forecast for 2022?

13 Wall Street analysts have issued 12 month target prices for Paychex's stock. Their PAYX stock forecasts range from $111.00 to $145.00. On average, they anticipate Paychex's share price to reach $130.77 in the next year. This suggests a possible upside of 12.4% from the stock's current price.
View analysts' price targets for Paychex
or view top-rated stocks among Wall Street analysts.

How has Paychex's stock performed in 2022?

Paychex's stock was trading at $136.50 at the beginning of the year. Since then, PAYX shares have decreased by 14.8% and is now trading at $116.36.
View the best growth stocks for 2022 here
.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Thursday, September 29th 2022.
View our earnings forecast for Paychex
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) released its earnings results on Wednesday, June, 29th. The business services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The business services provider earned $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Paychex had a trailing twelve-month return on equity of 43.65% and a net margin of 30.20%. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share.
View Paychex's earnings history
.

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

Paychex announced a quarterly dividend on Friday, April 29th. Stockholders of record on Thursday, May 12th will be given a dividend of $0.79 per share on Thursday, May 26th. This represents a $3.16 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Wednesday, May 11th. This is an increase from Paychex's previous quarterly dividend of $0.66.
View Paychex's dividend history
.

Is Paychex a good dividend stock?

Paychex(NASDAQ:PAYX) pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.72%. Paychex has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Paychex is 82.29%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Paychex will have a dividend payout ratio of 71.01% next year. This indicates that Paychex will be able to sustain or increase its dividend.
View Paychex's dividend history.

How will Paychex's stock buyback program work?

Paychex announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 8th 2021, which authorizes the company to repurchase $400,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

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

Paychex updated its FY 2023 earnings guidance on Wednesday, June, 29th. The company provided EPS guidance of $4.11-$4.15 for the period, compared to the consensus earnings per share estimate of $4.06. The company issued revenue guidance of $4.93 billion-$4.98 billion, compared to the consensus revenue estimate of $4.88 billion.

Who are Paychex's key executives?

Paychex's management team includes the following people:

What is Martin Mucci's approval rating as Paychex's CEO?

975 employees have rated Paychex CEO Martin Mucci on Glassdoor.com. Martin Mucci has an approval rating of 90% among Paychex's employees.

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), Procter & Gamble (PG) and AbbVie (ABBV).

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 a variety of institutional and retail investors. Top institutional shareholders include First Financial Bank Trust Division (0.02%), Chemung Canal Trust Co. (0.01%) and Park National Corp OH (0.00%). Company insiders that own Paychex stock include David J S Flaschen, David J S Flaschen, Efrain Rivera, John B Gibson, Joseph Doody, Joseph M Tucci, Joseph M Velli, Karen E Saunders-Mcclendon, Laurie L Zaucha, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Pamela A Joseph, Robert L Schrader, Robert L Schrader, Stephanie L Schaeffer, 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 Park National Corp OH. Company insiders that have sold Paychex company stock in the last two years include David J S Flaschen, Efrain Rivera, John B Gibson, Joseph Doody, Joseph M Tucci, Joseph M Velli, Karen E Saunders-Mcclendon, 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.

Which major investors are buying Paychex stock?

PAYX stock was acquired by a variety of institutional investors in the last quarter, including First Financial Bank Trust Division, and Chemung Canal Trust Co..
View insider buying and selling activity for Paychex
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $116.36.

How much money does Paychex make?

Paychex (NASDAQ:PAYX) has a market capitalization of $42.01 billion and generates $4.61 billion in revenue each year. The business services provider earns $1.10 billion in net income (profit) each year or $3.84 on an earnings per share basis.

How many employees does Paychex have?

Paychex employs 15,000 workers across the globe.

Does Paychex have any subsidiaries?

The following companies are subsidiares of Paychex: Advance Partners, Advantage Payroll Services, DHR Services Holdings LLC, ESG Consulting II LLC, ESG Entities II LLC, ESG PEO LLC, ExpenseWire, Flock, Fortune Industries LLC, Gordian Capital Holdings LLC, HR Outsourcing, Icon Time Systems, InterPay, Lessor Group, Oasis AHR II LLC, Oasis AHR PL LLC, Oasis DHR LLC, Oasis Outsourcing, Oasis Outsourcing Acquisition Corporation, Oasis Outsourcing Contract III Inc., Oasis Outsourcing Holdings Inc., Oasis Outsourcing LLC, Oasis Outsourcing TX LLC, Oasis Outsourcing V LLC, Oasis Payroll Services Inc., Olsen Computer Systems, PXC Inc., Paychex Benefit Technologies, Paychex Holdings LLC, Paychex Insurance Agency Inc., Paychex Investment LLC, Paychex Management LLC, Paychex North America Inc., Paychex of New York LLC, Professional Staff Management Inc., SurePayroll, The Payroll Company, ePlan Services, myStaffingPro by HR Services, and nettime Solutions.
Read More

When was Paychex founded?

Paychex was founded in 1971.

How can I contact Paychex?

Paychex's mailing address is 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625. The official website for Paychex is www.paychex.com. The business services provider can be reached via phone at (585) 385-6666, via email at tjallen@paychex.com, or via fax at 302-655-5049.

This page (NASDAQ:PAYX) was last updated on 7/4/2022 by MarketBeat.com Staff

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