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S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
How major US stock indexes fared Friday 6/9/2023
MarketBeat Week in Review – 6/4 - 6/9
Get Your Cash Out of U.S. Banks Immediately (Ad)
Kevin O'Leary Slams Martha Stewart's Comments on Remote Work: 'Nobody Wants to Work in These Places'
FuelCell Is Back To Realistic Valuation
Get Your Cash Out of U.S. Banks Immediately (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
How major US stock indexes fared Friday 6/9/2023
MarketBeat Week in Review – 6/4 - 6/9
Get Your Cash Out of U.S. Banks Immediately (Ad)
Kevin O'Leary Slams Martha Stewart's Comments on Remote Work: 'Nobody Wants to Work in These Places'
FuelCell Is Back To Realistic Valuation
Get Your Cash Out of U.S. Banks Immediately (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
How major US stock indexes fared Friday 6/9/2023
MarketBeat Week in Review – 6/4 - 6/9
Get Your Cash Out of U.S. Banks Immediately (Ad)
Kevin O'Leary Slams Martha Stewart's Comments on Remote Work: 'Nobody Wants to Work in These Places'
FuelCell Is Back To Realistic Valuation
Get Your Cash Out of U.S. Banks Immediately (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers

Paychex (PAYX) Stock Forecast, Price & News

$111.69
+0.73 (+0.66%)
(As of 06/9/2023 ET)
Compare
Today's Range
$110.38
$112.23
50-Day Range
$104.93
$111.91
52-Week Range
$104.09
$139.47
Volume
1.55 million shs
Average Volume
2.58 million shs
Market Capitalization
$40.27 billion
P/E Ratio
26.91
Dividend Yield
3.19%
Price Target
$122.27

Paychex MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.5% Upside
$122.27 Price Target
Short Interest
Bearish
2.97% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.07mentions of Paychex in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$23,203 Sold Last Quarter
Proj. Earnings Growth
7.46%
From $4.29 to $4.61 Per Share

Overall MarketRank

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

2.46 out of 5 stars

Business Services Sector

80th out of 334 stocks

Engineering, Accounting, Research, Management & Related Services Industry

1st 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

Surprising "Twist" Hands Biden Landslide Re-election?
This could make it harder than ever to hang onto the money you make as Progressives gain power, and America slides further towards Socialism.
Paychex (NASDAQ:PAYX) Now Covered by Analysts at UBS Group
Surprising "Twist" Hands Biden Landslide Re-election?
This could make it harder than ever to hang onto the money you make as Progressives gain power, and America slides further towards Socialism.
Small Business Jobs Growth Holds Steady in May
Brokerages Set Paychex, Inc. (NASDAQ:PAYX) PT at $122.79
See More Headlines

PAYX Price History

PAYX Company Calendar

Last Earnings
3/29/2023
Ex-Dividend for 5/25 Dividend
5/10/2023
Dividend Payable
5/25/2023
Today
6/10/2023
Next Earnings (Estimated)
7/05/2023
Fiscal Year End
5/31/2024

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
$122.27
High Stock Price Forecast
$138.00
Low Stock Price Forecast
$105.00
Forecasted Upside/Downside
+9.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
13 Analysts

Profitability

Net Income
$1.39 billion
Pretax Margin
40.10%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$4.99 per share
Book Value
$8.55 per share

Miscellaneous

Free Float
319,050,000
Market Cap
$40.27 billion
Optionable
Optionable
Beta
0.96

Social Links


Key Executives

  • John Bradley Gibson
    President, Chief Executive Officer & Director
  • Elizabeth Roaldsen
    Senior VP-Operations & Customer Experience
  • 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













PAYX Stock - Frequently Asked Questions

Should I buy or sell Paychex stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 3 sell ratings, 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?

13 brokerages have issued 12-month target prices for Paychex's stock. Their PAYX share price forecasts range from $105.00 to $138.00. On average, they predict the company's share price to reach $122.27 in the next twelve months. This suggests a possible upside of 9.5% 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 on January 1st, 2023. Since then, PAYX shares have decreased by 3.3% and is now trading at $111.69.
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, July 5th 2023.
View our PAYX earnings forecast
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) released its quarterly earnings data on Wednesday, March, 29th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. The business services provider had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. Paychex had a trailing twelve-month return on equity of 46.56% and a net margin of 30.54%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.15 earnings per share.
Read the conference call transcript
.

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

Paychex declared a quarterly dividend on Friday, April 28th. Investors of record on Thursday, May 11th will be given a dividend of $0.89 per share on Thursday, May 25th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Wednesday, May 10th. This is a boost from the stock's previous quarterly dividend of $0.79.
Read our dividend analysis for PAYX
.

Is Paychex a good dividend stock?

Paychex (NASDAQ:PAYX) pays an annual dividend of $3.56 per share and currently has a dividend yield of 3.21%. The company 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 is 85.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PAYX will have a dividend payout ratio of 77.22% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PAYX.

How will Paychex's stock buyback program work?

Paychex announced that its board has authorized a stock repurchase program on Thursday, July 8th 2021, which allows the company to repurchase $400,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board 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 Wednesday, March, 29th. The company provided EPS guidance of $4.26-$4.30 for the period, compared to the consensus EPS estimate of $4.24. The company issued revenue guidance of -.

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.55%), State Street Corp (3.61%), Bank of America Corp DE (3.26%), Bank of New York Mellon Corp (2.96%), Geode Capital Management LLC (2.21%) and Charles Schwab Investment Management Inc. (1.75%). 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 and Stephanie L Schaeffer.
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 $111.69.

How much money does Paychex make?

Paychex (NASDAQ:PAYX) has a market capitalization of $40.27 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 $4.15 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 6/10/2023 by MarketBeat.com Staff

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