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S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Bed Bath & Beyond Is Circling the Drain
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Bed Bath & Beyond Is Circling the Drain
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Bed Bath & Beyond Is Circling the Drain
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Institutions are Buying up Procter & Gamble Shares, Should you?
NASDAQ:PAYX

Paychex - PAYX Stock Forecast, Price & News

$117.71
+1.85 (+1.60%)
(As of 02/1/2023 12:00 AM ET)
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Compare
Today's Range
$115.01
$118.49
50-Day Range
$112.18
$125.98
52-Week Range
$105.66
$141.92
Volume
1.51 million shs
Average Volume
1.66 million shs
Market Capitalization
$42.43 billion
P/E Ratio
29.06
Dividend Yield
2.76%
Price Target
$124.08

Paychex MarketRank™ Forecast

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
5.4% Upside
$124.08 Price Target
Short Interest
Bearish
2.94% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.46mentions of Paychex in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.61 M Sold Last Quarter
Proj. Earnings Growth
7.76%
From $4.25 to $4.58 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.28 out of 5 stars

Business Services Sector

124th out of 327 stocks

Engineering, Accounting, Research, Management & Related Services Industry

2nd out of 2 stocks


PAYX stock logo

About Paychex (NASDAQ:PAYX) Stock

Paychex, Inc. engages in the provision of human capital management solutions for payroll, human resources, 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.

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PAYX Stock News Headlines

UiPath is the Blue-Collar AI Platform to Watch in 2023
Robotic process automation (RPA) leader UiPath inc. (NASDAQ: PATH) stock has been rising with other artificial intelligence (AI) providers thanks to ChapGPT.
Know Your Profit Potential BEFORE You Trade!
I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! pixel
Know Your Profit Potential BEFORE You Trade!
I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! pixel
Brokerages Set Paychex, Inc. (NASDAQ:PAYX) Price Target at $124.08
Paychex Wins 2023 BIG Innovation Award
Here's Why Investors Should Buy Paychex (PAYX) Stock Now
A Letter From the Chief Ethics Officer
3 Top-Ranked Large Caps For a Steady Portfolio
Small Business Wage Growth Moderates as 2022 Closes
Paychex Stock Looks Vulnerable to Further Weakness
Paychex FQ2 2023 Earnings Preview
See More Headlines
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PAYX Company Calendar

Ex-Dividend for 11/23 Dividend
11/08/2022
Dividend Payable
11/23/2022
Last Earnings
12/22/2022
Today
2/02/2023
Ex-Dividend for 2/23 Dividend
2/08/2023
Dividend Payable
2/23/2023
Next Earnings (Estimated)
3/29/2023
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Engineering, accounting, research, management & related services
Sub-Industry
Data Processing & Outsourced Services
Current Symbol
NASDAQ:PAYX
CUSIP
70432610
Employees
16,000
Year Founded
1971

Price Target and Rating

Average Stock Price Forecast
$124.08
High Stock Price Forecast
$138.00
Low Stock Price Forecast
$110.00
Forecasted Upside/Downside
+5.4%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

Net Income
$1.39 billion
Pretax Margin
39.66%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$5.09 per share
Book Value
$8.89 per share

Miscellaneous

Free Float
319,013,000
Market Cap
$42.43 billion
Optionable
Optionable
Beta
0.98

Social Links


Key Executives

  • John Bradley Gibson
    President, Chief Executive Officer & Director
  • Efrain RiveraEfrain Rivera
    Chief Financial Officer, Treasurer & Senior VP
  • Michael E. GiojaMichael E. Gioja
    SVP-Information Technology & Product Development
  • Bradley Schaufenbuel
    Chief Information Security Officer & VP
  • Frank Fiorille
    Vice President-Risk, Compliance & Data Analytics













PAYX Stock - Frequently Asked Questions

Should I buy or sell Paychex stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PAYX shares. 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 PAYX analyst ratings
or view top-rated stocks.

What is Paychex's stock price forecast for 2023?

11 brokerages have issued 12 month price targets for Paychex's stock. Their PAYX share price forecasts range from $110.00 to $138.00. On average, they anticipate the company's share price to reach $124.08 in the next twelve months. This suggests a possible upside of 5.4% from the stock's current price.
View analysts price targets for PAYX
or view top-rated stocks among Wall Street analysts.

How have PAYX shares performed in 2023?

Paychex's stock was trading at $115.56 at the beginning of 2023. Since then, PAYX stock has increased by 1.9% and is now trading at $117.71.
View the best growth stocks for 2023 here
.

When is Paychex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023.
View our PAYX earnings forecast
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) issued its earnings results on Thursday, December, 22nd. The business services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. The business services provider had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.18 billion. Paychex had a trailing twelve-month return on equity of 45.50% and a net margin of 30.45%. The business's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS.
Read the conference call transcript
.

How often does Paychex pay dividends? What is the dividend yield for Paychex?

Paychex announced a quarterly dividend on Friday, January 20th. Investors of record on Thursday, February 9th will be given a dividend of $0.79 per share on Thursday, February 23rd. This represents a $3.16 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, February 8th.
Read our dividend analysis for PAYX
.

Is Paychex a good dividend stock?

Paychex (NASDAQ:PAYX) pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.76%. The company 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 is 78.02%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PAYX will have a dividend payout ratio of 69.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAYX.

How will Paychex's stock buyback program work?

Paychex declared that its board has initiated a stock buyback plan on Thursday, July 8th 2021, which permits the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 1% of its stock through open market purchases. Stock repurchase plans are generally 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 issued an update on its FY 2023 earnings guidance on Thursday, December, 22nd. The company provided earnings per share (EPS) guidance of $4.22-$4.30 for the period, compared to the consensus earnings per share estimate of $4.18. The company issued revenue guidance of $4.98 billion-$4.98 billion, compared to the consensus revenue estimate of $4.97 billion.

What is Martin Mucci's approval rating as Paychex's CEO?

975 employees have rated Paychex Chief Executive Officer Martin Mucci on Glassdoor.com. Martin Mucci has an approval rating of 90% among the company'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 many different retail and institutional investors. Top institutional investors include Troy Asset Management Ltd (0.44%), Confluence Investment Management LLC (0.36%), Sumitomo Mitsui Trust Holdings Inc. (0.35%), Hamlin Capital Management LLC (0.19%), New York State Common Retirement Fund (0.16%) and Wedge Capital Management L L P NC (0.14%). Insiders that own company stock include David J S Flaschen, David J S Flaschen, Efrain Rivera, John B Gibson, Joseph Doody, Joseph M Tucci, Joseph M Velli, Karen E Saunders-Mcclendon, 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
.

How do I buy shares of Paychex?

Shares of PAYX stock 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 $117.71.

How much money does Paychex make?

Paychex (NASDAQ:PAYX) has a market capitalization of $42.43 billion and generates $4.61 billion in revenue each year. The business services provider earns $1.39 billion in net income (profit) each year or $4.05 on an earnings per share basis.

How many employees does Paychex have?

The company employs 16,000 workers across the globe.

Does Paychex have any subsidiaries?
The following companies are subsidiares of Paychex: Advance Partners, Advantage Payroll Services, DHR Services Holdings LLC, ESG Consulting II LLC, ESG Entities II LLC, ESG PEO LLC, ExpenseWire, Flock, Fortune Industries LLC, Gordian Capital Holdings LLC, HR Outsourcing, Icon Time Systems, InterPay, Lessor Group, Oasis AHR II LLC, Oasis AHR PL LLC, Oasis DHR LLC, Oasis Outsourcing, Oasis Outsourcing Acquisition Corporation, Oasis Outsourcing Contract III Inc., Oasis Outsourcing Holdings Inc., Oasis Outsourcing LLC, Oasis Outsourcing TX LLC, Oasis Outsourcing V LLC, Oasis Payroll Services Inc., Olsen Computer Systems, PXC Inc., Paychex Benefit Technologies, Paychex Holdings LLC, Paychex Insurance Agency Inc., Paychex Investment LLC, Paychex Management LLC, Paychex North America Inc., Paychex of New York LLC, Professional Staff Management Inc., SurePayroll, The Payroll Company, ePlan Services, myStaffingPro by HR Services, and nettime Solutions.
Read More
How can I contact Paychex?

Paychex's mailing address is 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625. The official website for the company is www.paychex.com. The business services provider can be reached via phone at (585) 385-6666, via email at tjallen@paychex.com, or via fax at 302-655-5049.

This page (NASDAQ:PAYX) was last updated on 2/2/2023 by MarketBeat.com Staff