NASDAQ:PAYX - Paychex Stock Price, News & Analysis

$81.62
-0.07 (-0.09 %)
(As of 09/15/2019 04:00 PM ET)
Today's Range
$81.34
Now: $81.62
$82.58
50-Day Range
$79.72
MA: $82.67
$86.68
52-Week Range
$61.32
Now: $81.62
$88.43
Volume994,233 shs
Average Volume1.36 million shs
Market Capitalization$29.33 billion
P/E Ratio28.74
Dividend Yield3.04%
Beta0.88
Paychex, Inc provides payroll, human resource (HR), retirement, 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. Read More…

Industry, Sector and Symbol

Industry Engineering, accounting, research, management & related services
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
Current SymbolNASDAQ:PAYX
CUSIP70432610
Phone585-385-6666

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.77 billion
Cash Flow$4.0029 per share
Book Value$7.29 per share

Profitability

Net Income$1.03 billion

Miscellaneous

Employees15,600
Market Cap$29.33 billion
Next Earnings Date10/1/2019 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Thursday, July 11th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.62 per share on Thursday, August 22nd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, July 31st. View Paychex's Dividend History.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) posted its quarterly earnings results on Wednesday, June, 26th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.65 by $0.02. The business services provider earned $980.40 million during the quarter, compared to the consensus estimate of $978.94 million. Paychex had a net margin of 27.42% and a return on equity of 40.99%. The firm's revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 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 Tuesday, October 1st 2019. View Earnings Estimates for Paychex.

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

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

What price target have analysts set for PAYX?

13 brokerages have issued 1 year target prices for Paychex's shares. Their predictions range from $68.00 to $84.00. On average, they expect Paychex's stock price to reach $76.00 in the next year. This suggests that the stock has a possible downside of 6.9%. View Analyst Price Targets for Paychex.

What is the consensus analysts' recommendation 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.

Has Paychex been receiving favorable news coverage?

Media stories about PAYX stock have trended somewhat positive recently, InfoTrie reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Paychex earned a news sentiment score of 0.9 on InfoTrie's scale. They also gave news stories about the business services provider a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Paychex.

Are investors shorting Paychex?

Paychex saw a increase in short interest in the month of 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 volume of 1,970,000 shares, the days-to-cover ratio is currently 5.8 days. Approximately 3.6% of the company's shares are short sold. View Paychex's Current Options Chain.

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 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).

Who are Paychex's key executives?

Paychex's management team includes the folowing people:
  • Mr. Martin Mucci, Pres, CEO & Director (Age 59)
  • Mr. Efrain Rivera, Sr. VP, CFO & Treasurer (Age 62)
  • Mr. Mark A. Bottini, Sr. VP of Sales (Age 58)
  • Mr. Michael E. Gioja, Sr. VP of Product Devel. & Information Technology (Age 61)
  • Mr. John B. Gibson, Sr. VP of Service (Age 52)

Who are Paychex's major shareholders?

Paychex's stock is owned by a number of of retail and institutional investors. Top institutional investors 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.

Which institutional investors are selling Paychex stock?

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.

Which institutional investors are buying Paychex stock?

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.

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, Robinhood, Fidelity and Charles Schwab.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $81.62.

How big of a company is Paychex?

Paychex has a market capitalization of $29.33 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.

What is Paychex's official website?

The official website for Paychex is http://www.paychex.com/.

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 (NASDAQ PAYX)

Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  281 (Vote Outperform)
Underperform Votes:  644 (Vote Underperform)
Total Votes:  925
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 9/15/2019 by MarketBeat.com Staff

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