NASDAQ:PAYX - Paychex Stock Price, Price Target & More

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$70.22 +0.51 (+0.73 %)
(As of 06/24/2018 04:00 PM ET)
Previous Close$70.22
Today's Range$69.65 - $70.38
52-Week Range$54.20 - $73.10
Volume2.27 million shs
Average Volume1.78 million shs
Market Capitalization$25.05 billion
P/E Ratio31.92
Dividend Yield3.21%
Beta1
Paychex logoPaychex, Inc. provides payroll, human resource (HR), retirement, and insurance services for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that include 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, such as 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, commercial auto, and 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, and recruiting 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. Paychex, Inc. markets its products and services through direct sales force. The company 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
SymbolNASDAQ:PAYX
CUSIP70432610
Phone585-385-6666

Debt

Debt-to-Equity RatioN/A
Current Ratio1.09
Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio31.92
Forward P/E Ratio28.54
P/E Growth3.08

Sales & Book Value

Annual Sales$3.15 billion
Price / Sales8.01
Cash Flow$2.7987 per share
Price / Cash25.09
Book Value$5.44 per share
Price / Book12.91

Profitability

EPS (Most Recent Fiscal Year)$2.20
Net Income$817.30 million
Net Margins27.22%
Return on Equity43.42%
Return on Assets11.86%

Miscellaneous

Employees13,700
Outstanding Shares359,270,000

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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, April 27th. Investors of record on Wednesday, May 9th will be given a dividend of $0.56 per share on Thursday, May 24th. This represents a $2.24 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, May 8th. This is a positive change from Paychex's previous quarterly dividend of $0.50. View Paychex's Dividend History.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) released its quarterly earnings data on Monday, March, 26th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.62 by $0.01. The business services provider earned $866.50 million during the quarter, compared to analysts' expectations of $853.99 million. Paychex had a net margin of 27.22% and a return on equity of 43.42%. The company's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. View Paychex's Earnings History.

When is Paychex's next earnings date?

Paychex is scheduled to release their next quarterly earnings announcement on Wednesday, June, 27th 2018. View Earnings Estimates for Paychex.

What price target have analysts set for PAYX?

11 brokerages have issued 12 month price objectives for Paychex's stock. Their predictions range from $60.00 to $73.00. On average, they expect Paychex's share price to reach $65.40 in the next twelve months. View Analyst Ratings for Paychex.

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, CEO, Pres & Non- Independent Director (Age 58)
  • Mr. Efrain Rivera DM, MBA, J.D., Sr. VP, CFO & Treasurer (Age 61)
  • Mr. Mark A. Bottini, Sr. VP of Sales (Age 57)
  • Mr. Michael E. Gioja, Sr. VP of Product Devel. & Information Technology (Age 60)
  • Mr. John B. Gibson, Sr. VP of Service (Age 51)

Has Paychex been receiving favorable news coverage?

News headlines about PAYX stock have trended somewhat negative this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Paychex earned a coverage optimism score of -0.18 on Accern's scale. They also assigned headlines about the business services provider an impact score of 46.38 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Who are Paychex's major shareholders?

Paychex's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.80%), Select Equity Group L.P. (2.42%), Wells Fargo & Company MN (2.29%), American International Group Inc. (1.98%), Northern Trust Corp (1.57%) and Royal Bank of Canada (0.92%). 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 and Stephanie L Schaeffer. View Institutional Ownership Trends for Paychex.

Which major investors are selling Paychex stock?

PAYX stock was sold by a variety of institutional investors in the last quarter, including Federated Investors Inc. PA, Wells Fargo & Company MN, Northern Trust Corp, BlackRock Inc., Bahl & Gaynor Inc., DekaBank Deutsche Girozentrale, Conning Inc. and Echo Street Capital Management LLC. Company insiders that have sold Paychex company stock in the last year include Efrain Rivera, Jennifer R Vossler, John B Gibson, Joseph M Tucci, Joseph M Velli, Laurie L Zaucha, Mark Anthony Bottini, Martin Mucci and Michael E Gioja. View Insider Buying and Selling for Paychex.

Which major investors are buying Paychex stock?

PAYX stock was acquired by a variety of institutional investors in the last quarter, including Select Equity Group L.P., Millennium Management LLC, Smith Asset Management Group LP, Schwab Charles Investment Management Inc., BB&T Securities LLC, Carillon Tower Advisers Inc., Dynamic Technology Lab Private Ltd and Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp. 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 $70.22.

How big of a company is Paychex?

Paychex has a market capitalization of $25.05 billion and generates $3.15 billion in revenue each year. The business services provider earns $817.30 million in net income (profit) each year or $2.20 on an earnings per share basis. Paychex employs 13,700 workers across the globe.

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 (PAYX)

Community Ranking:  1.2 out of 5 (star)
Outperform Votes:  176 (Vote Outperform)
Underperform Votes:  532 (Vote Underperform)
Total Votes:  708
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 6/24/2018 by MarketBeat.com Staff

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