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NASDAQ:PAYXPaychex Stock Price, Forecast & News

$73.94
-3.84 (-4.94 %)
(As of 07/8/2020 04:00 PM ET)
Add
Compare
Today's Range
$73.87
Now: $73.94
$77.50
50-Day Range
$65.60
MA: $73.60
$80.05
52-Week Range
$47.87
Now: $73.94
$90.54
Volume4.19 million shs
Average Volume2.55 million shs
Market Capitalization$26.52 billion
P/E Ratio24.08
Dividend Yield3.35%
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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Paychex logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 1.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.25 out of 5 stars


Industry, Sector and Symbol

Industry Engineering, accounting, research, management & related services
Sub-IndustryData Processing & Outsourced Services
Current SymbolNASDAQ:PAYX
CUSIP70432610
Phone585-385-6666

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.77 billion
Cash Flow$3.81 per share
Book Value$7.29 per share

Profitability

Net Income$1.03 billion

Miscellaneous

Employees15,600
Market Cap$26.52 billion
Next Earnings Date10/7/2020 (Estimated)
OptionableOptionable

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Paychex (NASDAQ:PAYX) Frequently Asked Questions

How has Paychex's stock been impacted by COVID-19 (Coronavirus)?

Paychex's stock was trading at $74.68 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PAYX stock has decreased by 1.0% and is now trading at $73.94. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Paychex?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 1 sell rating, 9 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Paychex.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Wednesday, October 7th 2020. View our earnings forecast for Paychex.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) announced its quarterly earnings results on Tuesday, July, 7th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The business services provider had revenue of $915.10 million for the quarter, compared to analysts' expectations of $910.68 million. Paychex had a net margin of 26.98% and a return on equity of 41.68%. The firm's revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the company earned $0.63 EPS. View Paychex's earnings history.

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

Paychex declared a quarterly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of $0.62 per share on Thursday, May 28th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Thursday, May 14th. View Paychex's dividend history.

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

Paychex issued an update on its FY 2021 Pre-Market earnings guidance on Tuesday, July, 7th. The company provided earnings per share (EPS) guidance of 2.70-2.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.78. The company issued revenue guidance of $3.838-3.96 billion, compared to the consensus revenue estimate of $3.9 billion.

What price target have analysts set for PAYX?

11 equities research analysts have issued 1 year price objectives for Paychex's stock. Their forecasts range from $55.00 to $92.00. On average, they anticipate Paychex's share price to reach $73.27 in the next twelve months. This suggests that the stock has a possible downside of 0.9%. View analysts' price targets for Paychex.

Has Paychex been receiving favorable news coverage?

News coverage about PAYX stock has been trending negative on Wednesday, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Paychex earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave news headlines about the business services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Paychex.

Are investors shorting Paychex?

Paychex saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 10,720,000 shares, a drop of 8.3% from the June 15th total of 11,690,000 shares. Based on an average trading volume of 2,750,000 shares, the days-to-cover ratio is currently 3.9 days. Currently, 3.4% of the company's shares are sold short. View Paychex's Current Options Chain.

Who are some of Paychex's key competitors?

What other stocks do shareholders of Paychex own?

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), Pfizer (PFE), Procter & Gamble (PG), Walt Disney (DIS) and NVIDIA (NVDA).

Who are Paychex's key executives?

Paychex's management team includes the following people:
  • Mr. Martin Mucci, Pres, CEO & Director (Age 59)
  • Mr. Efrain Rivera, Sr. VP, CFO & Treasurer (Age 62)
  • Mr. Mark A. Bottini, Sr. VP of Sales (Age 58)
  • Mr. Michael E. Gioja, Sr. VP of Product Devel. & Information Technology (Age 61)
  • Mr. John B. Gibson, Sr. VP of Service (Age 52)

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 number of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.46%), Envestnet Asset Management Inc. (0.13%), First Financial Bank Trust Division (0.02%), Cullinan Associates Inc. (0.02%), State of Alaska Department of Revenue (0.02%) and Burns J W & Co. Inc. NY (0.02%). 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, Stephanie L Schaeffer and Tom Bonadio. 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 Confluence Investment Management LLC, HNP Capital LLC, State of Alaska Department of Revenue, DNB Asset Management AS, Cullinan Associates Inc., Bath Savings Trust Co, Riverbridge Partners LLC, and Woodstock Corp. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, Laurie L Zaucha, Martin Mucci, Michael E Gioja, Pamela A Joseph, Robert L Schrader, and Stephanie L Schaeffer. View insider buying and selling activity for Paychex.

Which institutional investors are buying Paychex stock?

PAYX stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., O Keefe Stevens Advisory Inc., TRUE Private Wealth Advisors, First Financial Bank Trust Division, Clarius Group LLC, OmniStar Financial Group Inc., Ellevest Inc., and Martin Capital Partners LLC. Company insiders that have bought Paychex stock in the last two years include Joseph Doody, and Tom Bonadio. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $73.94.

How big of a company is Paychex?

Paychex has a market capitalization of $26.52 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.

What is Paychex's official website?

The official website for Paychex is 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.

This page was last updated on 7/8/2020 by MarketBeat.com Staff

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