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.
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Industry, Sector and Symbol
Industry Engineering, accounting, research, management & related services
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
Phone585-385-6666
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.77 billion
Profitability
Miscellaneous
Employees15,600
Next Earnings Date12/18/2019 (Estimated)
OptionableOptionable
Paychex (NASDAQ:PAYX) Frequently Asked Questions
What is Paychex's stock symbol?
Paychex trades on the NASDAQ under the ticker symbol "PAYX."
How often does Paychex pay dividends? What is the dividend yield for Paychex?
Paychex declared a quarterly dividend on Thursday, October 17th. Stockholders of record on Friday, November 1st will be given a dividend of $0.62 per share on Thursday, November 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.93%. View Paychex's Dividend History.
How were Paychex's earnings last quarter?
Paychex, Inc. (NASDAQ:PAYX) issued its quarterly earnings data on Wednesday, October, 2nd. The business services provider reported $0.71 EPS for the quarter, beating the Zacks' consensus estimate of $0.69 by $0.02. The business services provider had revenue of $992 million for the quarter, compared to analysts' expectations of $991.70 million. Paychex had a return on equity of 41.07% and a net margin of 27.04%. The business's revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. View Paychex's Earnings History.
When is Paychex's next earnings date?
What guidance has Paychex issued on next quarter's earnings?
Paychex issued an update on its FY 2020 earnings guidance on Wednesday, October, 2nd. The company provided earnings per share (EPS) guidance of $3.10-3.10 for the period, compared to the Thomson Reuters consensus estimate of $3.09.
What price target have analysts set for PAYX?
9 Wall Street analysts have issued 1 year price objectives for Paychex's stock. Their forecasts range from $68.00 to $92.00. On average, they anticipate Paychex's share price to reach $79.33 in the next twelve months. This suggests that the stock has a possible downside of 6.4%. View Analyst Price Targets for Paychex.
What is the consensus analysts' recommendation for Paychex?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 3 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.
Has Paychex been receiving favorable news coverage?
News headlines about PAYX stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Paychex earned a news impact score of -1.4 on InfoTrie's scale. They also assigned headlines about the business services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Paychex.
Are investors shorting Paychex?
Paychex saw a drop in short interest in September. As of September 30th, there was short interest totalling 11,140,000 shares, a drop of 6.8% from the August 30th total of 11,950,000 shares. Based on an average daily trading volume, of 1,650,000 shares, the days-to-cover ratio is currently 6.8 days. Currently, 3.5% of the shares of the company are sold short. View Paychex's Current Options Chain.
Who are some of Paychex's key competitors?
Some companies that are related to Paychex include Fidelity National Information Servcs (FIS), Automatic Data Processing (ADP), S&P Global (SPGI), Recruit (RCRRF), Waste Management (WM), Worldpay (WP), Fiserv (FISV), Thomson Reuters (TRI), First Data (FDC), Iqvia (IQV), EXPERIAN PLC/ADR (EXPGY), Republic Services (RSG), IHS Markit (INFO), Global Payments (GPN) and FleetCor Technologies (FLT).
What other stocks do shareholders of Paychex own?
Who are Paychex's key executives?
Paychex's management team includes the folowing 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)
Who are Paychex's major shareholders?
Paychex's stock is owned by a number of of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.46%), Welch & Forbes LLC (0.16%), Assenagon Asset Management S.A. (0.14%), Sabal Trust CO (0.08%), Robeco Institutional Asset Management B.V. (0.06%) and Gateway Investment Advisers LLC (0.06%). 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 and Stephanie L Schaeffer. 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 Decatur Capital Management Inc., Welch & Forbes LLC, CHURCHILL MANAGEMENT Corp, Gateway Investment Advisers LLC, Scout Investments Inc., Confluence Investment Management LLC, Affiance Financial LLC and Sabal Trust CO. Company insiders that have sold Paychex company stock in the last year 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 and Stephanie L Schaeffer. View Insider Buying and Selling for Paychex.
Which institutional investors are buying Paychex stock?
PAYX stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Crossmark Global Holdings Inc., Sonora Investment Management LLC, Burns J W & Co. Inc. NY, Pacer Advisors Inc., YHB Investment Advisors Inc., Birch Hill Investment Advisors LLC and Keystone Financial Planning Inc.. View Insider Buying and Selling 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 $84.75.
How big of a company is Paychex?
Paychex has a market capitalization of $30.34 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.View Additional Information About Paychex.
What is Paychex's official website?
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.
MarketBeat Community Rating for Paychex (NASDAQ PAYX)
MarketBeat's community ratings are surveys of what our community members think about Paychex and other stocks. Vote "Outperform" if you believe PAYX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PAYX will underperform the S&P 500 over the long term. You may vote once every thirty days.
