NASDAQ:PAYX - Paychex Stock Price, News & Analysis

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

Paychex declared a quarterly dividend on Thursday, July 11th. Investors 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 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Wednesday, July 31st. View Paychex's Dividend History.

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

12 Wall Street analysts have issued twelve-month target prices for Paychex's stock. Their forecasts range from $68.00 to $84.00. On average, they anticipate Paychex's stock price to reach $76.20 in the next twelve months. This suggests that the stock has a possible downside of 4.4%. View Analyst Price Targets for Paychex.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 3 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

News articles about PAYX stock have been trending positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Paychex earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned headlines about the business services provider a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock's share price in the next several days. View News Stories for Paychex.

Paychex saw a increase in short interest in July. As of July 31st, there was short interest totalling 11,422,600 shares, an increase of 9.5% from the June 30th total of 10,431,500 shares. Based on an average daily volume of 1,970,000 shares, the days-to-cover ratio is presently 5.8 days. Approximately 3.6% of the shares of the stock are sold short. View Paychex's Current Options Chain.

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

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 a variety of of institutional and retail 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, 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 Insider Buying and Selling for Paychex.

PAYX stock was purchased 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, Scottrade, Fidelity and Charles Schwab.

One share of PAYX stock can currently be purchased for approximately $79.72.

Paychex has a market capitalization of $28.65 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.