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, July 11th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.62 per share on Thursday, August 22nd. This represents a $2.48 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, July 31st. View Paychex's Dividend History.
How were Paychex's earnings last quarter?
Paychex, Inc. (NASDAQ:PAYX) posted its quarterly earnings data on Wednesday, October, 2nd. The business services provider reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.02. The business services provider had revenue of $992 million for the quarter, compared to analyst estimates of $991.70 million. Paychex had a return on equity of 41.07% and a net margin of 27.04%. Paychex's revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company 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 guidance of $3.10-3.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.09.
What price target have analysts set for PAYX?
9 analysts have issued twelve-month price targets for Paychex's shares. Their forecasts range from $68.00 to $92.00. On average, they expect Paychex's share price to reach $79.33 in the next twelve months. This suggests that the stock has a possible downside of 6.5%. 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?
Press coverage about PAYX stock has been trending negative on Wednesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Paychex earned a media sentiment score of -2.4 on InfoTrie's scale. They also gave headlines about the business services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Paychex.
Are investors shorting Paychex?
Paychex saw a decrease in short interest during the month of September. As of September 30th, there was short interest totalling 11,140,000 shares, a decrease of 6.8% from the August 30th total of 11,950,000 shares. Based on an average daily volume of 1,650,000 shares, the short-interest ratio is currently 6.8 days. Currently, 3.5% of the shares of the company are short sold. 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), EXPERIAN PLC/ADR (EXPGY), Iqvia (IQV), Republic Services (RSG), IHS Markit (INFO), Global Payments (GPN) and Verisk Analytics (VRSK).
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 variety of of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.46%), Welch & Forbes LLC (0.16%), Sabal Trust CO (0.08%), Gateway Investment Advisers LLC (0.06%), Scout Investments Inc. (0.05%) and Crossmark Global Holdings Inc. (0.05%). 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 major 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, Gateway Investment Advisers LLC, Scout Investments Inc., Confluence Investment Management LLC, Affiance Financial LLC, Sabal Trust CO and North Star Investment Management Corp.. 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 major investors are buying Paychex stock?
PAYX stock was acquired by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., Sonora Investment Management LLC, Burns J W & Co. Inc. NY, Pacer Advisors Inc., YHB Investment Advisors Inc., Keystone Financial Planning Inc., OmniStar Financial Group Inc. and First Financial Bank Trust Division. 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 $84.86.
How big of a company is Paychex?
Paychex has a market capitalization of $30.38 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.
