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DOW   30,814.26
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NASDAQ:PAYX

Paychex Stock Forecast, Price & News

$88.37
+0.30 (+0.34 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$86.95
Now: $88.37
$88.51
50-Day Range
$88.07
MA: $93.14
$96.92
52-Week Range
$47.87
Now: $88.37
$99.95
Volume1.66 million shs
Average Volume1.61 million shs
Market Capitalization$31.87 billion
P/E Ratio30.47
Dividend Yield2.81%
Beta0.92
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, 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 1979 and is headquartered in Rochester, New York.
Paychex logo

MarketRank

Overall MarketRank

1.58 out of 5 stars

Business Services Sector

80th out of 359 stocks

Engineering, Accounting, Research, Management & Related Services Industry

2nd out of 3 stocks

Analyst Opinion: 2.0Community Rank: 1.5Dividend Strength: 0.8Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Engineering, accounting, research, management & related services
Sub-IndustryData Processing & Outsourced Services
Current SymbolNASDAQ:PAYX
CUSIP70432610
Phone585-385-6666
Employees15,600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.04 billion
Cash Flow$4.57 per share
Book Value$7.73 per share

Profitability

Net Income$1.10 billion

Miscellaneous

Market Cap$31.87 billion
Next Earnings Date3/24/2021 (Estimated)
OptionableOptionable
$88.37
+0.30 (+0.34 %)
(As of 01/15/2021 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 Coronavirus (COVID-19)?

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 (WHO). Since then, PAYX stock has increased by 18.3% and is now trading at $88.37.
View which stocks have been most impacted by COVID-19
.

Is Paychex a buy right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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 MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Paychex?

Wall Street analysts have given Paychex a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Paychex wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Wednesday, March 24th 2021.
View our earnings forecast for Paychex
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) posted its earnings results on Tuesday, December, 22nd. The business services provider reported $0.73 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.66 by $0.07. The business services provider earned $983.70 million during the quarter, compared to the consensus estimate of $956.30 million. Paychex had a return on equity of 38.70% and a net margin of 26.26%. Paychex's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the company earned $0.70 earnings per share.
View Paychex's earnings history
.

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

Paychex declared a quarterly dividend on Thursday, October 15th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.62 per share on Tuesday, November 24th. This represents a $2.48 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, October 30th.
View Paychex's dividend history
.

Is Paychex a good dividend stock?

Paychex pays an annual dividend of $2.48 per share and currently has a dividend yield of 2.81%. The dividend payout ratio of Paychex is 82.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Paychex will have a dividend payout ratio of 80.78% in the coming year. This indicates that Paychex may not be able to sustain their current dividend.
View Paychex's dividend history.

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

Paychex updated its FY 2021 Pre-Market earnings guidance on Wednesday, December, 23rd. The company provided earnings per share (EPS) guidance of 2.88-2.97 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.82. The company issued revenue guidance of $3.919-4.041 billion, compared to the consensus revenue estimate of $3.94 billion.

What price target have analysts set for PAYX?

14 analysts have issued 1 year price targets for Paychex's stock. Their forecasts range from $55.00 to $105.00. On average, they anticipate Paychex's share price to reach $87.67 in the next year. This suggests that the stock has a possible downside of 0.8%.
View analysts' price targets for Paychex
or view Wall Street analyst' top-rated stocks.

Are investors shorting Paychex?

Paychex saw a decrease in short interest in the month of December. As of December 31st, there was short interest totaling 6,060,000 shares, a decrease of 21.5% from the December 15th total of 7,720,000 shares. Based on an average trading volume of 1,620,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 1.9% of the company's stock are short sold.
View Paychex's Short Interest
.

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), AT&T (T), General Electric (GE), Johnson & Johnson (JNJ), Pfizer (PFE), Verizon Communications (VZ), NVIDIA (NVDA), The Procter & Gamble (PG) and AbbVie (ABBV).

Who are Paychex's key executives?

Paychex's management team includes the following people:
  • Mr. Martin Mucci, Pres, CEO & Director (Age 60, Pay $1.78M)
  • Mr. Efrain Rivera M.B.A., DM, J.D., MBA, Sr. VP, CFO & Treasurer (Age 63, Pay $806.61k)
  • Mr. Mark A. Bottini, Sr. VP of Sales (Age 59, Pay $744.9k)
  • Mr. Michael E. Gioja, Sr. VP of Product Devel. & Information Technology (Age 62, Pay $765.99k)
  • Mr. John B. Gibson, Sr. VP of Service (Age 53, Pay $764.77k)
  • Mr. Christopher DeSalvo, VP of Service Excellence & Operations
  • Ms. Terri Allen, Investor Relations
  • Ms. Stephanie L. Schaeffer, VP, Chief Legal Officer & Corp. Sec. (Age 50)
  • Mr. Frank Fiorille, VP of Risk, Compliance & Data Analytics
  • Ms. Laura Saxby Lynch, Director of Corp. Communications

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 many different institutional and retail investors. Top institutional shareholders include Donaldson Capital Management LLC (0.14%), Gateway Investment Advisers LLC (0.06%), Crossmark Global Holdings Inc. (0.04%), Boston Trust Walden Corp (0.04%), CHURCHILL MANAGEMENT Corp (0.03%) and Gradient Investments LLC (0.03%). Company insiders that own Paychex stock include David J S Flaschen, Efrain Rivera, 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 major investors are selling Paychex stock?

PAYX stock was sold by a variety of institutional investors in the last quarter, including CHURCHILL MANAGEMENT Corp, Crossmark Global Holdings Inc., State of Alaska Department of Revenue, Mountain Capital Investment Advisors Inc, Boston Trust Walden Corp, Gradient Investments LLC, Signature Wealth Management Group, and Burns J W & Co. Inc. NY. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, John B Gibson, Joseph Doody, Laurie L Zaucha, 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 Louisiana State Employees Retirement System, Donaldson Capital Management LLC, Cypress Capital Group, NuWave Investment Management LLC, IFM Investors Pty Ltd, Salvus Wealth Management LLC, Diversified Trust Co, and DAVENPORT & Co LLC.
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.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $88.37.

How big of a company is Paychex?

Paychex has a market capitalization of $31.87 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 15,600 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 1/18/2021 by MarketBeat.com Staff

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