NASDAQ:PAYX - Paychex Stock Price, Forecast & News

Paychex trades on the NASDAQ under the ticker symbol "PAYX."

Paychex announced a quarterly dividend on Friday, January 17th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.62 per share on Thursday, February 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, January 31st. View Paychex's Dividend History.

Paychex, Inc. (NASDAQ:PAYX) issued its quarterly earnings results on Wednesday, December, 18th. The business services provider reported $0.70 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.68 by $0.02. The business services provider had revenue of $990.70 million for the quarter, compared to analyst estimates of $988.26 million. Paychex had a net margin of 26.72% and a return on equity of 41.21%. The firm's revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. View Paychex's Earnings History.

Paychex is scheduled to release their next quarterly earnings announcement on Wednesday, March 25th 2020. View Earnings Estimates for Paychex.

Paychex issued an update on its FY 2020 Pre-Market earnings guidance on Wednesday, December, 18th. The company provided earnings per share (EPS) guidance of 3.12-3.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.10.

11 equities research analysts have issued 1-year target prices for Paychex's shares. Their forecasts range from $74.00 to $97.00. On average, they anticipate Paychex's share price to reach $84.50 in the next twelve months. This suggests that the stock has a possible downside of 5.0%. View Analyst Price Targets for Paychex.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

Headlines about PAYX stock have trended extremely negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Paychex earned a media sentiment score of -4.5 on InfoTrie's scale. They also assigned media coverage about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Paychex.

Paychex saw a decline in short interest during the month of December. As of December 31st, there was short interest totalling 8,790,000 shares, a decline of 9.8% from the December 15th total of 9,740,000 shares. Based on an average daily trading volume, of 1,330,000 shares, the days-to-cover ratio is presently 6.6 days. Approximately 2.8% of the shares of the stock are sold short. View Paychex's Current Options Chain.

Some companies that are related to Paychex include Visa (V), Mastercard (MA), Fidelity National Information Servcs (FIS), Fiserv (FISV), Automatic Data Processing (ADP), Global Payments (GPN), Worldpay (WP), FleetCor Technologies (FLT), Total System Services (TSS), Broadridge Financial Solutions (BR), Jack Henry & Associates (JKHY), The Western Union (WU), WEX (WEX), Euronet Worldwide (EEFT) and Genpact (G).

Based on aggregate information from My MarketBeat watchlists, some companies that other Paychex investors own include General Electric (GE), Cisco Systems (CSCO), Intel (INTC), Johnson & Johnson (JNJ), AT&T (T), Verizon Communications (VZ), Pfizer (PFE), Procter & Gamble (PG), NVIDIA (NVDA) and Home Depot (HD).

Paychex's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Marathon Asset Management LLP (0.22%), Welch & Forbes LLC (0.15%), Wedge Capital Management L L P NC (0.15%), Donaldson Capital Management LLC (0.12%), New York State Teachers Retirement System (0.11%) and PGGM Investments (0.11%). 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.

PAYX stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Marathon Asset Management LLP, Zurcher Kantonalbank Zurich Cantonalbank, Wedge Capital Management L L P NC, Baxter Bros Inc., Scout Investments Inc., Commerzbank Aktiengesellschaft FI and Janney Capital Management LLC. 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.

PAYX stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, Johanson Financial Advisors Inc., Gradient Investments LLC, Gateway Investment Advisers LLC, Sonora Investment Management LLC, Donaldson Capital Management LLC, Janney Montgomery Scott LLC and JGP Wealth Management LLC. View Insider Buying and Selling for 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.

One share of PAYX stock can currently be purchased for approximately $88.91.

Paychex has a market capitalization of $31.82 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.

The official website for Paychex is http://www.paychex.com/.

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.