NASDAQ:PAYX - Paychex Stock Price, Forecast & News

Paychex trades on the NASDAQ under the ticker symbol "PAYX."

Paychex declared a quarterly dividend on Friday, January 17th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.62 per share on Thursday, February 20th. This represents a $2.48 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, January 31st. View Paychex's Dividend History.

Paychex, Inc. (NASDAQ:PAYX) posted its earnings results on Wednesday, December, 18th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.68 by $0.02. The business services provider had revenue of $990.70 million for the quarter, compared to analysts' expectations of $988.26 million. Paychex had a net margin of 26.72% and a return on equity of 41.21%. The company's revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. View Paychex's Earnings History.

Paychex is scheduled to release their next quarterly earnings announcement on Wednesday, March 25th 2020. View Earnings Estimates for Paychex.

Paychex updated its FY 2020 Pre-Market earnings guidance on Wednesday, December, 18th. The company provided earnings per share guidance of 3.12-3.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.10.

11 Wall Street analysts have issued 1 year target prices for Paychex's stock. Their forecasts range from $74.00 to $97.00. On average, they anticipate Paychex's stock price to reach $84.50 in the next year. This suggests that the stock has a possible downside of 5.3%. View Analyst Price Targets for Paychex.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

Media stories about PAYX stock have been trending neutral this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Paychex earned a coverage optimism score of 0.3 on InfoTrie's scale. They also assigned news headlines about the business services provider a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the company's share price in the near future. View News Stories for Paychex.

Paychex saw a drop in short interest in the month of January. As of January 15th, there was short interest totalling 8,790,000 shares, a drop of 9.8% from the December 31st total of 9,740,000 shares. Based on an average daily trading volume, of 1,310,000 shares, the days-to-cover ratio is currently 6.7 days. Currently, 2.8% of the shares of the stock are sold short. View Paychex's Current Options Chain.

Some companies that are related to Paychex include Visa (V), Mastercard (MA), Fidelity National Information Servcs (FIS), Fiserv (FISV), Automatic Data Processing (ADP), Global Payments (GPN), Worldpay (WP), FleetCor Technologies (FLT), Total System Services (TSS), Broadridge Financial Solutions (BR), Jack Henry & Associates (JKHY), The Western Union (WU), WEX (WEX), Genpact (G) and Euronet Worldwide (EEFT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Paychex investors own include General Electric (GE), Cisco Systems (CSCO), Intel (INTC), Johnson & Johnson (JNJ), AT&T (T), Verizon Communications (VZ), Pfizer (PFE), Procter & Gamble (PG), NVIDIA (NVDA) and Home Depot (HD).

Paychex's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (3.99%), Bank of America Corp DE (2.84%), Bank of New York Mellon Corp (1.87%), Goldman Sachs Group Inc. (0.90%), California Public Employees Retirement System (0.75%) and Charles Schwab Investment Management Inc. (0.71%). 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.

PAYX stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Janus Henderson Group PLC, Bank of America Corp DE, Bank of New York Mellon Corp, Eaton Vance Management, Cubist Systematic Strategies LLC, Schroder Investment Management Group and Assenagon Asset Management S.A.. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, Jennifer R Vossler, 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.

PAYX stock was bought by a variety of institutional investors in the last quarter, including UBS Asset Management Americas Inc., PGGM Investments, Samlyn Capital LLC, Credit Suisse AG, Alberta Investment Management Corp, Goldman Sachs Group Inc., Amundi Pioneer Asset Management Inc. and Madison Asset Management LLC. View Insider Buying and Selling for 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.

One share of PAYX stock can currently be purchased for approximately $89.22.

Paychex has a market capitalization of $31.94 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.

The official website for Paychex is http://www.paychex.com/.

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.