NASDAQ:PAYX - Paychex Stock Price, News & Analysis

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

Paychex announced a quarterly dividend on Thursday, July 11th. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.62 per share on Thursday, August 22nd. This represents a $2.48 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, July 31st. View Paychex's Dividend History.

Paychex, Inc. (NASDAQ:PAYX) announced its earnings results on Wednesday, June, 26th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.65 by $0.02. The business services provider earned $980.40 million during the quarter, compared to analysts' expectations of $978.94 million. Paychex had a return on equity of 40.99% and a net margin of 27.42%. The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. View Paychex's Earnings History.

Paychex is scheduled to release their next quarterly earnings announcement on Tuesday, October 1st 2019. View Earnings Estimates for Paychex.

Paychex issued an update on its FY 2020 earnings guidance on Wednesday, June, 26th. The company provided earnings per share (EPS) guidance of $3.07-3.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.10. The company issued revenue guidance of $4.15-4.187 billion, compared to the consensus revenue estimate of $4.16 billion.

13 Wall Street analysts have issued 1-year price targets for Paychex's stock. Their forecasts range from $68.00 to $84.00. On average, they anticipate Paychex's share price to reach $76.00 in the next year. This suggests that the stock has a possible downside of 7.9%. View Analyst Price Targets for Paychex.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 3 sell ratings, 9 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

Press coverage about PAYX stock has been trending negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Paychex earned a news impact score of -2.9 on InfoTrie's scale. They also gave media headlines about the business services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Paychex.

Paychex saw a increase in short interest in August. As of August 15th, there was short interest totalling 11,422,600 shares, an increase of 9.5% from the July 15th total of 10,431,500 shares. Based on an average daily trading volume, of 1,970,000 shares, the short-interest ratio is currently 5.8 days. Approximately 3.6% of the company's shares are short sold. View Paychex's Current Options Chain.

Some companies that are related to Paychex include Fidelity National Information Servcs (FIS), Automatic Data Processing (ADP), S&P Global (SPGI), Recruit (RCRRF), Waste Management (WM), Worldpay (WP), Fiserv (FISV), Thomson Reuters (TRI), First Data (FDC), Iqvia (IQV), EXPERIAN PLC/ADR (EXPGY), Republic Services (RSG), IHS Markit (INFO), Global Payments (GPN) and FleetCor Technologies (FLT).

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), Verizon Communications (VZ), Reaves Utility Income Fund (UTG), Arrow Financial (AROW), Pfizer (PFE), CA (CA) and Wolverine World Wide (WWW).

Paychex's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.61%), BlackRock Inc. (9.61%), Vanguard Group Inc. (7.35%), Wells Fargo & Company MN (2.59%), Bank of New York Mellon Corp (2.13%) and Invesco Ltd. (1.63%). 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 Bank of New York Mellon Corp, UBS Asset Management Americas Inc., Man Group plc, Marathon Asset Management LLP, Cullinan Associates Inc., Amundi Pioneer Asset Management Inc., BNP Paribas Arbitrage SA and Bank of Montreal Can. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, Jennifer R Vossler, 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 Insider Buying and Selling for Paychex.

PAYX stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., BlackRock Inc., Nuveen Asset Management LLC, Wells Fargo & Company MN, APG Asset Management N.V., Bahl & Gaynor Inc., Cubist Systematic Strategies LLC and Vanguard Group Inc.. 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 $82.55.

Paychex has a market capitalization of $29.66 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.