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NASDAQ:PAYX

Paychex - PAYX Stock Forecast, Price & News

$124.34
+0.31 (+0.25%)
(As of 12/1/2022 11:21 AM ET)
Add
Compare
Today's Range
$124.04
$125.97
50-Day Range
$108.00
$123.21
52-Week Range
$105.66
$141.92
Volume
11,741 shs
Average Volume
1.36 million shs
Market Capitalization
$44.81 billion
P/E Ratio
31.32
Dividend Yield
2.63%
Price Target
$130.45

Paychex MarketRank™ Forecast

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
5.2% Upside
$130.45 Price Target
Short Interest
Bearish
3.04% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.63mentions of Paychex in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$56,974 Sold Last Quarter
Proj. Earnings Growth
7.36%
From $4.21 to $4.52 Per Share

Overall MarketRank

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

2.26 out of 5 stars

Business Services Sector

151st out of 331 stocks

Engineering, Accounting, Research, Management & Related Services Industry

2nd out of 2 stocks

PAYX stock logo

About Paychex (NASDAQ:PAYX) Stock

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, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company 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, it 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, the company 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. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

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PAYX Stock News Headlines

Small Business Hiring and Worker Wages Hold Steady
Paychex Awarded IDC 2022 SaaS Customer Satisfaction Award
Paychex (PAYX) Stock Moves -0.22%: What You Should Know
Paychex (PAYX) Just Reclaimed the 50-Day Moving Average
Why Is Paychex (PAYX) Up 2.1% Since Last Earnings Report?
3 Stocks to Buy From the Promising Outsourcing Industry
Watch Your Paychex as the Stock Shows a Triple Top Pattern
See More Headlines
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PAYX Company Calendar

Last Earnings
9/28/2022
Ex-Dividend for 11/23 Dividend
11/08/2022
Dividend Payable
11/23/2022
Today
12/01/2022
Next Earnings (Estimated)
12/28/2022
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
$130.45
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$123.00
Forecasted Upside/Downside
+4.9%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$1.39 billion
Pretax Margin
39.55%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$5.13 per share
Book Value
$8.55 per share

Miscellaneous

Free Float
318,955,000
Market Cap
$44.81 billion
Optionable
Optionable
Beta
0.98

Social Links


Key Executives

  • Mr. John B. Gibson Jr.Mr. John B. Gibson Jr. (Age 55)
    Pres, CEO & Director
    Comp: $1.52M
  • Mr. Efrain Rivera DMMr. Efrain Rivera DM (Age 65)
    MBA, Sr. VP & CFO
    Comp: $1.44M
  • Mr. Mark A. Bottini (Age 61)
    Sr. VP of Sales
    Comp: $1.4M
  • Mr. Michael E. GiojaMr. Michael E. Gioja (Age 64)
    Sr. VP of Product Devel. & Information Technology
    Comp: $1.34M
  • Mr. Christopher DeSalvo
    VP of Service Excellence & Operations
  • Mr. Bradley J. Schaufenbuel J.D. (Age 49)
    L.L.M., VP & Chief Information Security Officer
  • Ms. Terri Allen
    Investor Relations
  • Ms. Stephanie L. SchaefferMs. Stephanie L. Schaeffer (Age 52)
    VP, Chief Legal & Ethics Officer and Corp. Sec.
  • Mr. Frank Fiorille
    VP of Risk, Compliance & Data Analytics
  • Neal Collins
    VP of Corp. Devel. and MD of Mergers & Acquisitions













PAYX Stock - Frequently Asked Questions

Should I buy or sell Paychex stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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?

10 Wall Street analysts have issued 12 month target prices for Paychex's stock. Their PAYX share price forecasts range from $123.00 to $140.00. On average, they predict the company's stock price to reach $130.45 in the next year. This suggests a possible upside of 5.2% 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 2022?

Paychex's stock was trading at $136.50 at the start of the year. Since then, PAYX shares have decreased by 9.1% and is now trading at $124.03.
View the best growth stocks for 2022 here
.

When is Paychex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 28th 2022.
View our PAYX earnings forecast
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) released its quarterly earnings results on Wednesday, September, 28th. The business services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. The business services provider earned $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. Paychex had a net margin of 30.38% and a trailing twelve-month return on equity of 44.87%. The company's revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share.
Read the conference call transcript
.

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

Paychex announced a quarterly dividend on Thursday, October 13th. Investors of record on Wednesday, November 9th will be paid a dividend of $0.79 per share on Wednesday, November 23rd. This represents a $3.16 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Tuesday, November 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 2.63%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 79.60%. 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 69.91% 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 announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 8th 2021, which authorizes the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

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

Paychex updated its FY 2023 earnings guidance on Monday, October, 24th. The company provided earnings per share guidance of $4.19-$4.22 for the period, compared to the consensus earnings per share estimate of $4.14. The company issued revenue guidance of $4.93 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.60%), Vanguard Group Inc. (8.40%), State Street Corp (3.68%), Bank of New York Mellon Corp (3.02%), London Co. of Virginia (0.68%) and California Public Employees Retirement System (0.64%). 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, Laurie L Zaucha, 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 $124.03.

How much money does Paychex make?

Paychex (NASDAQ:PAYX) has a market capitalization of $44.70 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 $3.97 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 12/1/2022 by MarketBeat.com Staff