Paychex Stock Forecast, Price & News

+0.91 (+0.81 %)
(As of 07/29/2021 03:03 PM ET)
Today's Range
50-Day Range
52-Week Range
Volume25,735 shs
Average Volume1.76 million shs
Market Capitalization$40.91 billion
P/E Ratio37.39
Dividend Yield2.33%
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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, 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 1979 and is headquartered in Rochester, New York.


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Industry, Sector and Symbol

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Overall MarketRank

1.80 out of 5 stars

Business Services Sector

163rd out of 545 stocks

Engineering, Accounting, Research, Management & Related Services Industry

4th out of 4 stocks

Analyst Opinion: 2.0Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Paychex (NASDAQ:PAYX) Frequently Asked Questions

Is Paychex a buy right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.

What stocks does MarketBeat like better than Paychex?

Wall Street analysts have given Paychex a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Paychex wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Tuesday, October 5th 2021.
View our earnings forecast for Paychex

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) announced its quarterly earnings results on Thursday, June, 24th. The business services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. The business services provider had revenue of $1.03 billion for the quarter, compared to analyst estimates of $980.02 million. Paychex had a net margin of 27.05% and a trailing twelve-month return on equity of 38.04%. The business's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share.
View Paychex's earnings history

How has Paychex's stock been impacted by Coronavirus?

Paychex's stock was trading at $74.68 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PAYX shares have increased by 52.4% and is now trading at $113.82.
View which stocks have been most impacted by COVID-19

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

Paychex declared a quarterly dividend on Thursday, July 8th. Investors of record on Monday, August 2nd will be paid a dividend of $0.66 per share on Thursday, August 26th. This represents a $2.64 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Friday, July 30th.
View Paychex's dividend history

Is Paychex a good dividend stock?

Paychex pays an annual dividend of $2.64 per share and currently has a dividend yield of 2.33%. Paychex does not yet have a strong track record of dividend growth. The dividend payout ratio of Paychex is 86.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Paychex will have a dividend payout ratio of 73.13% next year. This indicates that Paychex will be able to sustain or increase its dividend.
View Paychex's dividend history.

How will Paychex's stock buyback program work?

Paychex declared that its Board of Directors has approved a share buyback 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 buy up to 1% of its shares through open market purchases. Shares repurchase programs 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 issued an update on its FY 2022 earnings guidance on Friday, July, 23rd. The company provided earnings per share (EPS) guidance of $3.340-$3.410 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.210. The company issued revenue guidance of $4.34 billion-$4.34 billion, compared to the consensus revenue estimate of $4.26 billion.

What price target have analysts set for PAYX?

13 brokers have issued 1 year target prices for Paychex's stock. Their forecasts range from $78.00 to $121.00. On average, they expect Paychex's share price to reach $102.25 in the next twelve months. This suggests that the stock has a possible downside of 10.2%.
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 Martin Mucci has an approval rating of 90% among Paychex's employees.

Who are some of Paychex's key competitors?

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), The 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 Confluence Investment Management LLC (0.41%), Marathon Asset Management LLP (0.18%), Welch & Forbes LLC (0.13%), Grandfield & Dodd LLC (0.11%), LaFleur & Godfrey LLC (0.04%) and Howland Capital Management LLC (0.03%). Company insiders that own Paychex stock include David J S Flaschen, Efrain Rivera, 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, Robert L Schrader, Stephanie L Schaeffer, Stephanie L Schaeffer and Tom Bonadio.
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 Welch & Forbes LLC, Confluence Investment Management LLC, Raymond James Trust N.A., Stock Yards Bank & Trust Co., Marshall Financial Group LLC, Howland Capital Management LLC, Stratos Wealth Partners LTD., and Capital Investment Advisory Services LLC. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, John B Gibson, Joseph Doody, Joseph M Tucci, Joseph M Velli, Mark Anthony Bottini, 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 Marathon Asset Management LLP, State of Alaska Department of Revenue, IFM Investors Pty Ltd, Oregon Public Employees Retirement Fund, Grandfield & Dodd LLC, Usca Ria LLC, Aptus Capital Advisors LLC, and Gradient Investments LLC.
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 $113.82.

How much money does Paychex make?

Paychex has a market capitalization of $40.96 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 $3.04 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, Advantage Payroll Services Inc., Expense Wire LLC, ExpenseWire, Fast 401k Inc., HR Outsourcing, HR Service, HR Services Inc., Icon Time Systems, InterPay, Lessor Group, NETTIME SOLUTIONS L.L.C., Oasis Outsourcing, Olsen Computer Systems, PXC Inc., Paychex Advance LLC, Paychex Benefit Technologies, Paychex Benefit Technologies Inc., Paychex Brazil LLC, Paychex Business Solutions LLC, Paychex Deutschland GmbH, Paychex Insurance Agency Inc., Paychex Insurance Concepts Inc., Paychex Investment LLC, Paychex Management LLC, Paychex North America Inc., Paychex Real Estate LLC, Paychex Recordkeeping Services Inc., Paychex Securities Corporation, Paychex Time & Attendance Inc., Paychex of New York LLC, Rapid Payroll Inc., SurePayroll, SurePayroll Inc., 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

Where are Paychex's headquarters?

Paychex is headquartered at 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625.

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 or via email at [email protected]

This page was last updated on 7/29/2021 by Staff
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