NASDAQ:PAYX - Paychex Stock Price, News, & Analysis

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$69.48 -0.42 (-0.60 %)
(As of 01/22/2019 11:43 AM ET)
Previous Close$69.90
Today's Range$69.35 - $69.80
52-Week Range$59.36 - $76.02
Volume36,272 shs
Average Volume1.66 million shs
Market Capitalization$25.10 billion
P/E Ratio27.28
Dividend Yield3.20%
Beta1.01
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. It also provides HR outsourcing services, including Paychex HR solutions comprising 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 insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life; cloud-based HR administration software products for employee benefits management and administration, time and attendance, recruiting, and onboarding solutions; and other HR services and products, such as employee handbooks, management manuals, and personnel and required regulatory forms. Further, it provides various accounting and financial services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and various services, such as payment processing services, financial fitness programs, and a small-business loan resource center. The company markets its products and services through direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.

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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.38 billion
Cash Flow$3.1073 per share
Book Value$5.64 per share

Profitability

Net Income$933.70 million

Miscellaneous

Employees14,300
Market Cap$25.10 billion
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 Friday, January 18th. Shareholders of record on Friday, February 1st will be given a dividend of $0.56 per share on Friday, February 15th. This represents a $2.24 annualized dividend and a yield of 3.22%. The ex-dividend date is Thursday, January 31st. View Paychex's Dividend History.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) issued its quarterly earnings results on Wednesday, December, 19th. The business services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The business services provider had revenue of $858.90 million for the quarter, compared to the consensus estimate of $860.61 million. Paychex had a net margin of 27.99% and a return on equity of 41.61%. The business's revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. View Paychex's Earnings History.

When is Paychex's next earnings date?

Paychex is scheduled to release their next quarterly earnings announcement on Monday, March 25th 2019. View Earnings Estimates for Paychex.

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

Paychex updated its FY19 earnings guidance on Wednesday, December, 19th. The company provided earnings per share guidance of $2.83-2.86 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.85.

What price target have analysts set for PAYX?

16 analysts have issued 12 month price targets for Paychex's stock. Their forecasts range from $63.00 to $82.00. On average, they anticipate Paychex's stock price to reach $72.60 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price. View Analyst Price Targets for Paychex.

What is the consensus analysts' recommendation for Paychex?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 1 sell rating, 14 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

Has Paychex been receiving favorable news coverage?

Headlines about PAYX stock have been trending very positive on Tuesday, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Paychex earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned media headlines about the business services provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Who are some of Paychex's key competitors?

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 retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.49%), Scout Investments Inc. (0.16%), Welch Group LLC (0.10%), Stock Yards Bank & Trust Co. (0.07%), Cullinan Associates Inc. (0.07%) and CHURCHILL MANAGEMENT Corp (0.07%). 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 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 Gulf International Bank UK Ltd, CHURCHILL MANAGEMENT Corp, Paragon Capital Management LLC, Advisors Capital Management LLC, North Star Investment Management Corp., DNB Asset Management AS, Riverbridge Partners LLC and Cullinan Associates Inc.. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, Grant M Inman, Jennifer R Vossler, John B Gibson, Joseph M Tucci, Joseph M Velli, Laurie L Zaucha, Mark Anthony Bottini, Martin Mucci, Michael E Gioja and Stephanie L Schaeffer. View Insider Buying and Selling for Paychex.

Which institutional investors are buying Paychex stock?

PAYX stock was acquired by a variety of institutional investors in the last quarter, including Scout Investments Inc., Gradient Investments LLC, BTIM Corp., Confluence Investment Management LLC, PFG Advisors, Nachman Norwood & Parrott Inc, Troy Asset Management Ltd and Virtu Financial LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $69.48.

How big of a company is Paychex?

Paychex has a market capitalization of $25.10 billion and generates $3.38 billion in revenue each year. The business services provider earns $933.70 million in net income (profit) each year or $2.55 on an earnings per share basis. Paychex employs 14,300 workers across the globe.

What is Paychex's official website?

The official website for Paychex is http://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.


MarketBeat Community Rating for Paychex (NASDAQ PAYX)

Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  256 (Vote Outperform)
Underperform Votes:  613 (Vote Underperform)
Total Votes:  869
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.
This page was last updated on 1/22/2019 by MarketBeat.com Staff

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