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NASDAQ:PAYX

Paychex Stock Forecast, Price & News

$112.09
-1.48 (-1.30%)
(As of 01/27/2022 12:57 PM ET)
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Compare
Today's Range
$111.51
$115.02
50-Day Range
$113.57
$137.38
52-Week Range
$85.30
$138.96
Volume
59,272 shs
Average Volume
2.08 million shs
Market Capitalization
$40.44 billion
P/E Ratio
31.75
Dividend Yield
2.22%
Beta
0.93
30 days | 90 days | 365 days | Advanced Chart
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Paychex logo

About Paychex

Paychex, Inc. engages in the provision of human capital management solutions for payroll, human resource, insurance and retirement for small and medium sized businesses. Its solutions include payroll services, hiring services, business insurance, time and attendance, employee benefits, finance and payments, human resources services and startup services. The company was founded by Blase Thomas Golisano in 1971 and is headquartered in Rochester, NY.

Headlines

Bull of the Day: Paychex (PAYX)
January 27, 2022 |  finance.yahoo.com
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

Sales & Book Value

Annual Sales
$4.06 billion
Cash Flow
$3.79 per share
Book Value
$8.18 per share

Profitability

Net Income
$1.10 billion
Pretax Margin
39.01%

Debt

Price-To-Earnings

Miscellaneous

Free Float
319,270,000
Market Cap
$40.44 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 11/29 Dividend
10/29/2021
Dividend Payable
11/29/2021
Last Earnings
12/22/2021
Today
1/27/2022
Ex-Dividend for 2/24 Dividend
1/28/2022
Dividend Payable
2/24/2022
Next Earnings (Estimated)
4/05/2022
Fiscal Year End
5/31/2022

Social Links


MarketRank

Overall MarketRank

2.56 out of 5 stars

Business Services Sector

54th out of 455 stocks

Engineering, Accounting, Research, Management & Related Services Industry

1st out of 4 stocks

Analyst Opinion: 1.0Community Rank: 3.1Dividend Strength: 4.2Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -












Paychex (NASDAQ:PAYX) Frequently Asked Questions

Is Paychex a buy right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last twelve months. There are currently 3 sell ratings, 8 hold ratings and 2 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 top-rated stocks.

How has Paychex's stock price 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 stock has increased by 50.0% and is now trading at $111.99.
View which stocks have been most impacted by COVID-19
.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Tuesday, April 5th 2022.
View our earnings forecast for Paychex
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) announced its quarterly earnings results on Wednesday, December, 22nd. The business services provider reported $0.91 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.80 by $0.11. The business services provider earned $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. Paychex had a trailing twelve-month return on equity of 41.78% and a net margin of 29.53%. The firm's revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 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, January 14th. Investors of record on Monday, January 31st will be paid a dividend of $0.66 per share on Thursday, February 24th. This represents a $2.64 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, January 28th.
View Paychex's dividend history
.

Is Paychex a good dividend stock?

Paychex pays an annual dividend of $2.64 per share and currently has a dividend yield of 2.22%. Paychex has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Paychex is 74.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Paychex will have a dividend payout ratio of 67.69% 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 declared that its board has initiated a stock buyback program on Thursday, July 8th 2021, which allows the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 1% of its shares through open market purchases. Shares buyback programs are typically an indication 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 FY22 earnings guidance on Wednesday, December, 22nd. The company provided EPS guidance of $3.59-$3.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.46. The company issued revenue guidance of $4.46-$4.50 billion, compared to the consensus revenue estimate of $4.40 billion.

What price target have analysts set for PAYX?

13 equities research analysts have issued 12 month price targets for Paychex's shares. Their forecasts range from $89.00 to $145.00. On average, they expect Paychex's stock price to reach $121.23 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price.
View analysts' price targets for Paychex
or view top-rated stocks among Wall Street analysts.

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 number of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.36%), Hamlin Capital Management LLC (0.23%), Guinness Asset Management LTD (0.19%), Wedge Capital Management L L P NC (0.15%), Nordea Investment Management AB (0.15%) and Donaldson Capital Management LLC (0.14%). 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, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Robert L Schrader, Robert L Schrader, Stephanie L Schaeffer, 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 Nordea Investment Management AB, Confluence Investment Management LLC, AE Wealth Management LLC, Wedge Capital Management L L P NC, NN Investment Partners Holdings N.V., Royal London Asset Management Ltd., Gateway Investment Advisers LLC, and Gulf International Bank UK Ltd. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, John B Gibson, Joseph Doody, Joseph M Tucci, Joseph M Velli, 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 institutional investors are buying Paychex stock?

PAYX stock was bought by a variety of institutional investors in the last quarter, including National Bank of Canada FI, Guinness Asset Management LTD, Stonnington Group LLC, Janney Montgomery Scott LLC, OLD Second National Bank of Aurora, Railway Pension Investments Ltd, Darwin Advisors LLC, and Pinnacle Wealth Management Advisory Group 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.
Compare Top Brokerages Here.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $111.99.

How much money does Paychex make?

Paychex has a market capitalization of $40.40 billion and generates $4.06 billion in revenue each year. The business services provider earns $1.10 billion in net income (profit) each year or $3.53 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, Advantage Payroll Services Inc., Expense Wire LLC, ExpenseWire, Fast 401k Inc., HR Outsourcing, HR Service, HR Services Inc., Icon Time Systems, InterPay, Lessor Group, NETTIME SOLUTIONS L.L.C., Oasis Outsourcing, Olsen Computer Systems, PXC Inc., Paychex Advance LLC, Paychex Benefit Technologies, Paychex Benefit Technologies Inc., Paychex Brazil LLC, Paychex Business Solutions LLC, Paychex Deutschland GmbH, Paychex Insurance Agency Inc., Paychex Insurance Concepts Inc., Paychex Investment LLC, Paychex Management LLC, Paychex North America Inc., Paychex Real Estate LLC, Paychex Recordkeeping Services Inc., Paychex Securities Corporation, Paychex Time & Attendance Inc., Paychex of New York LLC, Rapid Payroll Inc., SurePayroll, SurePayroll Inc., The Payroll Company, ePlan Services, myStaffingPro by HR Services, and nettime Solutions.

When was Paychex founded?

Paychex was founded in 1971.

What is Paychex's official website?

The official website for Paychex is www.paychex.com.

Where are Paychex's headquarters?

Paychex is headquartered at 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625.

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, via email at [email protected], or via fax at 302-655-5049.


This page was last updated on 1/27/2022 by MarketBeat.com Staff

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