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NASDAQ:PAYX

Paychex Stock Forecast, Price & News

$78.59
-0.93 (-1.17 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$77.91
Now: $78.59
$79.93
50-Day Range
$71.92
MA: $75.02
$79.75
52-Week Range
$47.87
Now: $78.59
$90.54
Volume2.64 million shs
Average Volume2.30 million shs
Market Capitalization$28.29 billion
P/E Ratio25.85
Dividend Yield3.12%
Beta0.92
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 1.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.50 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$4.04 billion
Cash Flow$4.44 per share
Book Value$7.75 per share

Profitability

Net Income$1.10 billion

Miscellaneous

Employees15,800
Market Cap$28.29 billion
Next Earnings Date10/6/2020 (Confirmed)
OptionableOptionable
$78.59
-0.93 (-1.17 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Paychex (NASDAQ:PAYX) Frequently Asked Questions

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

Paychex's stock was trading at $74.68 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PAYX shares have increased by 5.2% and is now trading at $78.59.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Paychex?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 2 sell ratings, 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 Tuesday, October 6th 2020.
View our earnings forecast for Paychex
.

How can I listen to Paychex's earnings call?

Paychex will be holding an earnings conference call on Tuesday, October 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) released its quarterly earnings data on Tuesday, July, 7th. The business services provider reported $0.61 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.60 by $0.01. The business services provider earned $915.10 million during the quarter, compared to analysts' expectations of $910.68 million. Paychex had a net margin of 27.18% and a return on equity of 40.76%. The firm's revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS.
View Paychex's earnings history
.

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

Paychex announced a quarterly dividend on Thursday, July 9th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.62 per share on Thursday, August 27th. This represents a $2.48 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, July 31st.
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 EPS 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?

12 brokers have issued 1-year target prices for Paychex's shares. Their forecasts range from $55.00 to $92.00. On average, they anticipate Paychex's stock price to reach $73.17 in the next twelve months. This suggests that the stock has a possible downside of 6.9%.
View analysts' price targets for Paychex
.

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 Intel (INTC), Cisco Systems (CSCO), General Electric (GE), AT&T (T), Johnson & Johnson (JNJ), Pfizer (PFE), Verizon Communications (VZ), NVIDIA (NVDA), AbbVie (ABBV) and Costco Wholesale (COST).

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 BlackRock Inc. (9.64%), Vanguard Group Inc. (7.72%), Bank of New York Mellon Corp (1.77%), Charles Schwab Investment Management Inc. (1.10%), Nordea Investment Management AB (1.09%) and American International Group Inc. (0.76%). Company insiders that own Paychex stock 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, 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 BlackRock Inc., FMR LLC, TD Asset Management Inc., Bessemer Group Inc., Bank of Nova Scotia, Goldman Sachs Group Inc., Federated Hermes Inc., and Vanguard Group Inc.. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, 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 activity for Paychex
.

Which major investors are buying Paychex stock?

PAYX stock was purchased by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, American International Group Inc., Charles Schwab Investment Management Inc., Troy Asset Management Ltd, Capital Advisors Inc. OK, First Republic Investment Management Inc., Alley Co LLC, and Vantage Investment 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 $78.59.

How big of a company is Paychex?

Paychex has a market capitalization of $28.29 billion and generates $4.04 billion in revenue each year. The business services provider earns $1.10 billion in net income (profit) each year or $3.00 on an earnings per share basis. Paychex employs 15,800 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 9/19/2020 by MarketBeat.com Staff

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