Paychex Stock Forecast, Price & News

Paychex (NASDAQ:PAYX) Frequently Asked Questions

Is Paychex a buy right now?

14 Wall Street 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 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 (COVID-19)?

Paychex's stock was trading at $74.68 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PAYX shares have increased by 64.0% and is now trading at $122.45.
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) released its quarterly earnings data on Wednesday, September, 29th. The business services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.80 by $0.09. The business services provider earned $1.09 billion during the quarter, compared to analyst estimates of $1.04 billion. Paychex had a net margin of 28.98% and a trailing twelve-month return on equity of 40.40%. The firm's quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share.
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. Shareholders 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 2.16%. 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 2.11%. 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 has initiated a share buyback program on Thursday, July 8th 2021, which authorizes the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

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

Paychex updated 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 EPS 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 1-year price objectives for Paychex's shares. Their forecasts range from $81.00 to $125.00. On average, they anticipate Paychex's share price to reach $109.18 in the next twelve months. This suggests that the stock has a possible downside of 10.8%.
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:

• Martin Mucci, President, Chief Executive Officer & Director (LinkedIn Profile)
• Chris DeSalvo, Vice President-Service Excellence & Operations
• Efrain Rivera, Chief Financial Officer, Treasurer & Senior VP (LinkedIn Profile)
• Michael E. Gioja, SVP-Information Technology & Product Development (LinkedIn Profile)
• Bradley Schaufenbuel, Chief Information Security Officer & VP

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.

Who are some of Paychex's key competitors?

Some companies that are related to Paychex include Visa (V), Mastercard (MA), Automatic Data Processing (ADP), Fidelity National Information Services (FIS), Fiserv (FISV), Global Payments (GPN), Broadridge Financial Solutions (BR), FLEETCOR Technologies (FLT), Jack Henry & Associates (JKHY), Genpact (G), Western Union (WU), WEX (WEX), Euronet Worldwide (EEFT), Maximus (MMS) and ExlService (EXLS).
View all of PAYX's 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), 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 retail and institutional 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.
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What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $122.45.

How much money does Paychex make?

Paychex has a market capitalization of $44.15 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.