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NASDAQ:PAYX

Paychex Stock Forecast, Price & News

$87.76
-1.56 (-1.75 %)
(As of 01/21/2021 03:46 PM ET)
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Today's Range
$87.27
Now: $87.76
$89.32
50-Day Range
$88.07
MA: $92.64
$96.92
52-Week Range
$47.87
Now: $87.76
$99.95
Volume51,325 shs
Average Volume1.62 million shs
Market Capitalization$31.65 billion
P/E Ratio29.95
Dividend Yield2.81%
Beta0.9
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.
Paychex logo

MarketRank

Overall MarketRank

1.46 out of 5 stars

Business Services Sector

106th out of 442 stocks

Engineering, Accounting, Research, Management & Related Services Industry

3rd out of 4 stocks

Analyst Opinion: 2.0Community Rank: 1.5Dividend Strength: 0.8Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Engineering, accounting, research, management & related services
Sub-IndustryData Processing & Outsourced Services
Current SymbolNASDAQ:PAYX
CUSIP70432610
Phone585-385-6666
Employees15,600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.04 billion
Cash Flow$4.15 per share
Book Value$8.01 per share

Profitability

Net Income$1.10 billion

Miscellaneous

Market Cap$31.65 billion
Next Earnings Date3/24/2021 (Estimated)
OptionableOptionable
$87.76
-1.56 (-1.75 %)
(As of 01/21/2021 03:46 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Paychex (NASDAQ:PAYX) Frequently Asked Questions

How has Paychex's stock been impacted by COVID-19 (Coronavirus)?

Paychex's stock was trading at $74.68 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PAYX shares have increased by 17.4% and is now trading at $87.69.
View which stocks have been most impacted by COVID-19
.

Is Paychex a buy right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 2 sell ratings, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Paychex?

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

What is Doug Parker's approval rating as Paychex's CEO?

1,448 employees have rated Paychex CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Paychex's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Wednesday, March 24th 2021.
View our earnings forecast for Paychex
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) announced its earnings results on Tuesday, December, 22nd. The business services provider reported $0.73 EPS for the quarter, beating the Zacks' consensus estimate of $0.66 by $0.07. The business services provider had revenue of $983.70 million for the quarter, compared to analyst estimates of $956.30 million. Paychex had a return on equity of 37.99% and a net margin of 26.66%. Paychex's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 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 15th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.62 per share on Tuesday, November 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Friday, October 30th.
View Paychex's dividend history
.

Is Paychex a good dividend stock?

Paychex pays an annual dividend of $2.48 per share and currently has a dividend yield of 2.81%. The dividend payout ratio of Paychex is 82.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Paychex will have a dividend payout ratio of 78.98% in the coming year. This indicates that Paychex may not be able to sustain their current dividend.
View Paychex's dividend history.

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

Paychex updated its FY 2021 Pre-Market earnings guidance on Wednesday, December, 23rd. The company provided earnings per share guidance of 2.88-2.97 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.82. The company issued revenue guidance of $3.919-4.041 billion, compared to the consensus revenue estimate of $3.94 billion.

What price target have analysts set for PAYX?

14 analysts have issued 12-month price targets for Paychex's stock. Their forecasts range from $55.00 to $105.00. On average, they expect Paychex's share price to reach $87.67 in the next year. This suggests that the stock has a possible downside of 0.0%.
View analysts' price targets for Paychex
or view Wall Street analyst' top-rated stocks.

Are investors shorting Paychex?

Paychex saw a decline in short interest in December. As of December 31st, there was short interest totaling 6,060,000 shares, a decline of 21.5% from the December 15th total of 7,720,000 shares. Based on an average trading volume of 1,620,000 shares, the days-to-cover ratio is presently 3.7 days. Approximately 1.9% of the company's stock are sold short.
View Paychex's Short Interest
.

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).

Who are Paychex's key executives?

Paychex's management team includes the following people:
  • Mr. Martin Mucci, Pres, CEO & Director (Age 61, Pay $1.78M)
  • Mr. Efrain Rivera M.B.A., DM, J.D., MBA, Sr. VP, CFO & Treasurer (Age 64, Pay $806.61k)
  • Mr. Mark A. Bottini, Sr. VP of Sales (Age 60, Pay $744.9k)
  • Mr. Michael E. Gioja, Sr. VP of Product Devel. & Information Technology (Age 63, Pay $765.99k)
  • Mr. John B. Gibson, Sr. VP of Service (Age 54, Pay $764.77k)
  • Mr. Christopher DeSalvo, VP of Service Excellence & Operations
  • Mr. Bradley J. Schaufenbuel J.D., L.L.M., VP & Chief Information Security Officer (Age 48)
  • Ms. Terri Allen, Investor Relations
  • Ms. Stephanie L. Schaeffer, VP, Chief Legal Officer & Corp. Sec. (Age 51)
  • Mr. Frank Fiorille, VP of Risk, Compliance & Data Analytics

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 retail and institutional investors. Top institutional investors include Donaldson Capital Management LLC (0.14%), Welch & Forbes LLC (0.13%), Sabal Trust CO (0.07%), Gateway Investment Advisers LLC (0.06%), Asset Advisors Investment Management LLC (0.06%) and Crossmark Global Holdings Inc. (0.04%). Company insiders that own Paychex stock include David J S Flaschen, Efrain Rivera, 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, 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 Stock Yards Bank & Trust Co., Callahan Advisors LLC, CHURCHILL MANAGEMENT Corp, Pacer Advisors Inc., Welch & Forbes LLC, Crossmark Global Holdings Inc., Sabal Trust CO, and State of Alaska Department of Revenue. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, John B Gibson, Joseph Doody, Laurie L Zaucha, 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 bought by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System, Donaldson Capital Management LLC, Tuttle Tactical Management, Cypress Capital Group, Kestra Advisory Services LLC, Park Avenue Securities LLC, NuWave Investment Management LLC, and IFM Investors Pty Ltd.
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.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $87.69.

How big of a company is Paychex?

Paychex has a market capitalization of $31.62 billion and generates $4.04 billion in revenue each year. The business services provider earns $1.10 billion in net income (profit) each year or $3.00 on an earnings per share basis. Paychex employs 15,600 workers across the globe.

What is Paychex's official website?

The official website for Paychex is 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 or via email at [email protected]

This page was last updated on 1/21/2021 by MarketBeat.com Staff

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