S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10

Paychex (PAYX) Stock Forecast, Price & News

+2.88 (+2.38%)
(As of 05/27/2022 04:00 PM ET)
Today's Range
50-Day Range
52-Week Range
1.56 million shs
Average Volume
1.96 million shs
Market Capitalization
$44.79 billion
P/E Ratio
Dividend Yield
30 days | 90 days | 365 days | Advanced Chart
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Paychex logo

About Paychex

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, 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 solutions, including 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 cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, it provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. The company markets and sells its services primarily through its direct sales force. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.


See More Headlines

Industry, Sector and Symbol

Engineering, accounting, research, management & related services
Data Processing & Outsourced Services
Current Symbol
Year Founded

Sales & Book Value

Annual Sales
$4.06 billion
Cash Flow
$4.52 per share
Book Value
$8.18 per share


Net Income
$1.10 billion
Pretax Margin




Free Float
Market Cap
$44.79 billion

Company Calendar

Last Earnings
Ex-Dividend for 5/26 Dividend
Dividend Payable
Fiscal Year End
Next Earnings (Estimated)

Social Links


Overall MarketRank

2.23 out of 5 stars

Business Services Sector

131st out of 462 stocks

Engineering, Accounting, Research, Management & Related Services Industry

2nd out of 4 stocks

Analyst Opinion: 1.0Community Rank: 3.1Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -

Paychex (NASDAQ:PAYX) Frequently Asked Questions

Is Paychex a buy right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Paychex stock. 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 analyst ratings for Paychex
or view top-rated stocks.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Friday, June 24th 2022.
View our earnings forecast for Paychex

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) announced its quarterly earnings results on Wednesday, March, 30th. The business services provider reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.11. The business services provider had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. Paychex had a net margin of 30.23% and a trailing twelve-month return on equity of 43.02%. Paychex's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS.
View Paychex's earnings history

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

Paychex announced a quarterly dividend on Friday, April 29th. Investors of record on Thursday, May 12th will be paid a dividend of $0.79 per share on Thursday, May 26th. This represents a $3.16 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, May 11th. This is an increase from Paychex's previous quarterly dividend of $0.66.
View Paychex's dividend history

Is Paychex a good dividend stock?

Paychex pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.61%. Paychex has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Paychex is 84.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Paychex will have a dividend payout ratio of 77.64% in the coming year. This indicates that Paychex may not be able to sustain their current dividend.
View Paychex's dividend history.

How will Paychex's stock buyback program work?

Paychex announced that its Board of Directors has authorized a share buyback plan on Thursday, July 8th 2021, which authorizes the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

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

Paychex updated its FY 2022 earnings guidance on Wednesday, April, 27th. The company provided EPS guidance of $3.724-$3.739 for the period, compared to the consensus estimate of $3.630. The company issued revenue guidance of $4.54 billion-$4.58 billion, compared to the consensus revenue estimate of $4.50 billion.

What price target have analysts set for PAYX?

13 Wall Street analysts have issued 1 year price targets for Paychex's stock. Their forecasts range from $105.00 to $145.00. On average, they expect Paychex's share price to reach $128.77 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
View analysts' price targets for Paychex
or view top-rated stocks among Wall Street analysts.

Who are Paychex's key executives?
Paychex's management team includes the following people:
What is Martin Mucci's approval rating as Paychex's CEO?

975 employees have rated Paychex CEO Martin Mucci on Glassdoor.com. Martin Mucci has an approval rating of 90% among Paychex'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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.47%), Vanguard Group Inc. (8.13%), Capital International Investors (4.53%), State Street Corp (3.76%), Bank of New York Mellon Corp (3.45%) and Charles Schwab Investment Management Inc. (1.43%). Company insiders that own Paychex 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 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 Select Equity Group L.P., Bahl & Gaynor Inc., State Street Corp, Arrowstreet Capital Limited Partnership, Troy Asset Management Ltd, Connor Clark & Lunn Investment Management Ltd., UBS Group AG, and Canada Pension Plan Investment Board. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, Joseph Doody, Karen E Saunders-Mcclendon, Martin Mucci, Michael E Gioja, Robert L Schrader, and Stephanie L Schaeffer.
View insider buying and selling activity for Paychex
or view top insider-selling stocks.

Which institutional investors are buying Paychex stock?

PAYX stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Capital International Investors, Envestnet Asset Management Inc., Robeco Institutional Asset Management B.V., Charles Schwab Investment Management Inc., Lazard Asset Management LLC, Vanguard Group Inc., and Goldman Sachs Group Inc..
View insider buying and selling activity for Paychex
or or view top insider-buying stocks.

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 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 $124.08.

How much money does Paychex make?

Paychex has a market capitalization of $44.79 billion and generates $4.06 billion in revenue each year. The business services provider earns $1.10 billion in net income (profit) each year or $3.75 on an earnings per share basis.

How many employees does Paychex have?

Paychex employs 15,000 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.

When was Paychex founded?

Paychex was founded in 1971.

What is Paychex's official website?

The official website for Paychex is 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, via email at [email protected], or via fax at 302-655-5049.

This page was last updated on 5/28/2022 by MarketBeat.com Staff


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