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NASDAQ:PAYX

Paychex - PAYX Stock Forecast, Price & News

$139.16
+0.54 (+0.39%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$137.97
$139.47
50-Day Range
$113.00
$139.16
52-Week Range
$106.55
$141.92
Volume
1.07 million shs
Average Volume
1.84 million shs
Market Capitalization
$50.24 billion
P/E Ratio
36.24
Dividend Yield
2.28%
Price Target
$129.23

Paychex MarketRank™ Forecast

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
6.0% Downside
$130.75 Price Target
Short Interest
Healthy
3.03% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.50mentions of Paychex in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$10.54 M Sold Last Quarter
Proj. Earnings Growth
7.49%
From $4.14 to $4.45 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.75 out of 5 stars

Business Services Sector

39th out of 337 stocks

Engineering, Accounting, Research, Management & Related Services Industry

2nd out of 2 stocks

PAYX stock 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, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company 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, it 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, the company 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. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

Paychex Price Performance

Shares of NASDAQ:PAYX opened at $138.62 on Thursday. Paychex has a twelve month low of $106.55 and a twelve month high of $141.92. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $121.81 and a 200 day simple moving average of $124.09. The company has a market capitalization of $50.04 billion, a PE ratio of 36.10, a P/E/G ratio of 4.44 and a beta of 1.00.

Paychex (NASDAQ:PAYX - Get Rating) last issued its quarterly earnings results on Wednesday, June 29th. The business services provider reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Paychex had a return on equity of 43.65% and a net margin of 30.20%. Paychex's revenue was up 9.7% on a year-over-year basis. During the same period last year, the business posted $0.72 earnings per share. On average, sell-side analysts forecast that Paychex will post 4.14 EPS for the current year.

Paychex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Wednesday, August 10th. Paychex's payout ratio is currently 82.29%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PAYX shares. Jefferies Financial Group decreased their price objective on shares of Paychex from $140.00 to $130.00 in a research note on Monday, May 23rd. Cowen reduced their price objective on shares of Paychex from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, June 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on Paychex from $145.00 to $123.00 and set a "hold" rating for the company in a research report on Thursday, June 30th. William Blair restated a "market perform" rating on shares of Paychex in a research note on Wednesday, June 29th. Finally, Bank of America lowered their price target on Paychex from $138.00 to $124.00 in a research report on Wednesday, June 29th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $130.75.

Insider Buying and Selling at Paychex

In related news, insider Stephanie L. Schaeffer sold 1,631 shares of the firm's stock in a transaction on Friday, July 8th. The stock was sold at an average price of $116.80, for a total value of $190,500.80. Following the completion of the sale, the insider now owns 66,334 shares of the company's stock, valued at $7,747,811.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Joseph M. Velli sold 4,184 shares of the company's stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $113.34, for a total transaction of $474,214.56. Following the completion of the transaction, the director now owns 60,531 shares in the company, valued at $6,860,583.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephanie L. Schaeffer sold 1,631 shares of the stock in a transaction on Friday, July 8th. The shares were sold at an average price of $116.80, for a total transaction of $190,500.80. Following the transaction, the insider now owns 66,334 shares of the company's stock, valued at approximately $7,747,811.20. The disclosure for this sale can be found here. Insiders sold a total of 90,837 shares of company stock worth $10,539,336 over the last three months. Company insiders own 11.50% of the company's stock.

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PAYX Stock News Headlines

Paychex Denver Office Received the Caring Spirit Award
Paychex, Inc. (PAYX) To Go Ex-Dividend on August 10th
ADP Vs. Paychex Comparison 2022 - Forbes
Analyst Ratings for Paychex
See More Headlines
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PAYX Company Calendar

Ex-Dividend for 5/26 Dividend
5/11/2022
Dividend Payable
5/26/2022
Last Earnings
6/29/2022
Ex-Dividend for 8/25 Dividend
8/10/2022
Today
8/18/2022
Dividend Payable
8/25/2022
Next Earnings (Estimated)
9/29/2022
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Engineering, accounting, research, management & related services
Sub-Industry
Data Processing & Outsourced Services
Current Symbol
NASDAQ:PAYX
CUSIP
70432610
Employees
16,000
Year Founded
1971

Price Target and Rating

Average Stock Price Forecast
$130.75
High Stock Price Forecast
$142.00
Low Stock Price Forecast
$118.00
Forecasted Upside/Downside
-7.1%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
12 Analysts

Profitability

Net Income
$1.39 billion
Pretax Margin
39.56%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$4.99 per share
Book Value
$8.55 per share

Miscellaneous

Free Float
319,500,000
Market Cap
$50.24 billion
Optionable
Optionable
Beta
1.00

Social Links


Key Executives

  • Mr. Martin  MucciMr. Martin Mucci (Age 62)
    Chairman & CEO
    Comp: $3.03M
  • Mr. John B. Gibson Jr.Mr. John B. Gibson Jr. (Age 55)
    Pres & COO
    Comp: $1.17M
  • Mr. Efrain  Rivera DMMr. Efrain Rivera DM (Age 65)
    MBA, Sr. VP, CFO & Treasurer
    Comp: $1.23M
  • Mr. Mark A. Bottini (Age 61)
    Sr. VP of Sales
    Comp: $1.17M
  • Mr. Michael E. GiojaMr. Michael E. Gioja (Age 64)
    Sr. VP of Product Devel. & Information Technology
    Comp: $1.18M
  • Mr. Christopher DeSalvo
    VP of Service Excellence & Operations
  • Mr. Bradley J. Schaufenbuel J.D. (Age 49)
    L.L.M., VP & Chief Information Security Officer
  • Ms. Terri Allen
    Investor Relations
  • Ms. Stephanie L. SchaefferMs. Stephanie L. Schaeffer (Age 52)
    VP, Chief Legal & Ethics Officer and Corp. Sec.
  • Mr. Frank Fiorille
    VP of Risk, Compliance & Data Analytics













PAYX Stock - Frequently Asked Questions

Should I buy or sell Paychex stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PAYX shares. 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 PAYX analyst ratings
or view top-rated stocks.

What is Paychex's stock price forecast for 2022?

12 brokers have issued 12 month price objectives for Paychex's stock. Their PAYX share price forecasts range from $118.00 to $142.00. On average, they anticipate the company's share price to reach $130.75 in the next twelve months. This suggests that the stock has a possible downside of 6.0%.
View analysts price targets for PAYX
or view top-rated stocks among Wall Street analysts.

How have PAYX shares performed in 2022?

Paychex's stock was trading at $136.50 on January 1st, 2022. Since then, PAYX stock has increased by 1.9% and is now trading at $139.16.
View the best growth stocks for 2022 here
.

When is Paychex's next earnings date?

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

How were Paychex's earnings last quarter?

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

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

Paychex declared a quarterly dividend on Thursday, July 14th. Stockholders of record on Thursday, August 11th will be paid a dividend of $0.79 per share on Thursday, August 25th. This represents a $3.16 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for PAYX
.

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 2.28%. The company 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 is 82.29%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PAYX will have a dividend payout ratio of 71.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAYX.

How will Paychex's stock buyback program work?

Paychex declared that its Board of Directors has initiated a share buyback program 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 programs are often 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, July, 27th. 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.

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

975 employees have rated Paychex Chief Executive Officer Martin Mucci on Glassdoor.com. Martin Mucci has an approval rating of 90% among the company'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 retail and institutional investors. Top institutional shareholders include State Street Corp (3.65%), Northern Trust Corp (1.33%), London Co. of Virginia (0.65%), California Public Employees Retirement System (0.65%), Price T Rowe Associates Inc. MD (0.51%) and UBS Asset Management Americas Inc. (0.49%). Insiders that own company 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
.

How do I buy shares of Paychex?

Shares of PAYX stock 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 $139.16.

How much money does Paychex make?

Paychex (NASDAQ:PAYX) has a market capitalization of $50.24 billion and generates $4.61 billion in revenue each year. The business services provider earns $1.39 billion in net income (profit) each year or $3.84 on an earnings per share basis.

How many employees does Paychex have?

The company employs 16,000 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 the company 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 8/18/2022 by MarketBeat.com Staff

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