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NASDAQ:PAYX

Paychex Stock Forecast, Price & News

$121.10
-2.63 (-2.13%)
(As of 11/30/2021 12:09 PM ET)
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Compare
Today's Range
$120.67
$124.21
50-Day Range
$106.73
$125.85
52-Week Range
$85.30
$126.82
Volume
24,781 shs
Average Volume
1.58 million shs
Market Capitalization
$43.67 billion
P/E Ratio
35.93
Dividend Yield
2.16%
Beta
0.9
30 days | 90 days | 365 days | Advanced Chart
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Paychex logo

About Paychex

Paychex, Inc. engages in the provision of human capital management solutions for payroll, human resource, 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.

Headlines

Paychex (NASDAQ:PAYX) Sets New 52-Week High at $126.73
November 22, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
Engineering, accounting, research, management & related services
Sub-Industry
Data Processing & Outsourced Services
Current Symbol
NASDAQ:PAYX
CUSIP
70432610
Employees
15,000
Year Founded
1971

Sales & Book Value

Annual Sales
$4.06 billion
Cash Flow
$4.14 per share
Book Value
$8.18 per share

Profitability

Net Income
$1.10 billion
Pretax Margin
38.08%

Debt

Price-To-Earnings

Miscellaneous

Free Float
319,123,000
Market Cap
$43.67 billion
Optionable
Optionable

Company Calendar

Last Earnings
9/29/2021
Ex-Dividend
10/29/2021
Dividend Payable
11/29/2021
Today
11/30/2021
Next Earnings (Estimated)
12/22/2021
Fiscal Year End
5/31/2022

Social Links


MarketRank

Overall MarketRank

2.13 out of 5 stars

Business Services Sector

128th out of 423 stocks

Engineering, Accounting, Research, Management & Related Services Industry

2nd out of 4 stocks

Analyst Opinion: 2.0Community Rank: 3.1Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -












Paychex (NASDAQ:PAYX) Frequently Asked Questions

Is Paychex a buy right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last twelve months. There are currently 3 sell ratings, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.

How has Paychex's stock price 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 stock has increased by 62.5% and is now trading at $121.33.
View which stocks have been most impacted by COVID-19
.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Wednesday, December 22nd 2021.
View our earnings forecast for Paychex
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) posted its quarterly earnings data on Wednesday, September, 29th. The business services provider reported $0.89 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.80 by $0.09. The business services provider had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.04 billion. Paychex had a trailing twelve-month return on equity of 40.40% and a net margin of 28.98%. The business's revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS.
View Paychex's earnings history
.

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

Paychex announced a quarterly dividend on Thursday, October 14th. Stockholders of record on Monday, November 1st will be given a dividend of $0.66 per share on Monday, November 29th. This represents a $2.64 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Friday, October 29th.
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 2.16%. Paychex does not yet have a strong track record of dividend growth. The dividend payout ratio of Paychex is 78.34%. 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 71.54% 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 authorized a share buyback plan on Thursday, July 8th 2021, which allows the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.

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

Paychex issued an update on its FY 2022 earnings guidance on Thursday, October, 28th. The company provided EPS guidance of $3.410-$3.470 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.38. The company issued revenue guidance of $4.38 billion-$4.38 billion, compared to the consensus revenue estimate of $4.36 billion.

What price target have analysts set for PAYX?

14 equities research analysts have issued twelve-month target prices for Paychex's stock. Their forecasts range from $81.00 to $125.00. On average, they expect Paychex's stock price to reach $109.18 in the next twelve months. This suggests that the stock has a possible downside of 10.0%.
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 Glassdoor.com. Martin Mucci has an approval rating of 90% among Paychex'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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.43%), Bank of New York Mellon Corp (2.74%), Geode Capital Management LLC (1.90%), Royal Bank of Canada (0.81%), Invesco Ltd. (0.74%) and California Public Employees Retirement System (0.70%). Company insiders that own Paychex stock include David J S Flaschen, 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, Robert L Schrader, Robert L Schrader, Stephanie L Schaeffer, Stephanie L Schaeffer and Tom Bonadio.
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 American International Group Inc., Bank of New York Mellon Corp, Neuberger Berman Group LLC, Conning Inc., Barclays PLC, Schroder Investment Management Group, Healthcare of Ontario Pension Plan Trust Fund, and Victory Capital Management Inc.. 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, 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 major investors are buying Paychex stock?

PAYX stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Marathon Asset Mgmt Ltd, Nordea Investment Management AB, Wedge Capital Management L L P NC, Two Sigma Advisers LP, Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, and Fort Washington Investment Advisors Inc. OH.
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 $121.33.

How much money does Paychex make?

Paychex has a market capitalization of $43.75 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 $3.37 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 www.paychex.com.

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, via email at [email protected], or via fax at 302-655-5049.


This page was last updated on 11/30/2021 by MarketBeat.com Staff

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