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NASDAQ:PAYX - Paychex Stock Price, Forecast & News

$64.42
+4.25 (+7.06 %)
(As of 03/30/2020 04:00 PM ET)
Today's Range
$60.28
Now: $64.42
$64.95
50-Day Range
$50.39
MA: $75.98
$90.23
52-Week Range
$47.87
Now: $64.42
$90.54
Volume3.72 million shs
Average Volume2.47 million shs
Market Capitalization$23.06 billion
P/E Ratio20.98
Dividend Yield4.12%
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. It also provides HR outsourcing services, including Paychex HR solutions comprising 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 insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life; cloud-based HR administration software products for employee benefits management and administration, time and attendance, recruiting, and onboarding solutions; and other HR services and products, such as employee handbooks, management manuals, and personnel and required regulatory forms. Further, it provides various accounting and financial services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and various services, such as payment processing services, financial fitness programs, and a small-business loan resource center. The company markets its products and services through direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.
Read More
Paychex logo

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$4.29 per share
Book Value$7.29 per share

Profitability

Net Income$1.03 billion

Miscellaneous

Employees15,600
Market Cap$23.06 billion
Next Earnings Date6/24/2020 (Estimated)
OptionableOptionable

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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 reached pandemic status according to the World Health Organization. Since then, PAYX shares have decreased by 13.7% and is now trading at $64.42. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Wednesday, June 24th 2020. View our earnings forecast for Paychex.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) issued its quarterly earnings results on Wednesday, March, 25th. The business services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.95 by $0.02. The business services provider had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Paychex had a return on equity of 41.68% and a net margin of 26.98%. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share. View Paychex's earnings history.

How often does Paychex pay dividends? What is the dividend yield for Paychex?

Paychex declared a quarterly dividend on Friday, January 17th. Investors of record on Monday, February 3rd will be paid a dividend of $0.62 per share on Thursday, February 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Friday, January 31st. View Paychex's dividend history.

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

Paychex updated its FY 2020 Pre-Market earnings guidance on Wednesday, March, 25th. The company provided earnings per share guidance of 3.01-3.01 for the period, compared to the Thomson Reuters consensus estimate of $3.08. The company issued revenue guidance of $4.074-4.112 billion, compared to the consensus revenue estimate of $4.13 billion.

What price target have analysts set for PAYX?

13 brokers have issued 12 month price targets for Paychex's stock. Their forecasts range from $55.00 to $92.00. On average, they expect Paychex's share price to reach $71.00 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price. View analysts' price targets for Paychex.

Has Paychex been receiving favorable news coverage?

News articles about PAYX stock have trended somewhat negative this week, according to InfoTrie. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Paychex earned a media sentiment score of -1.6 on InfoTrie's scale. They also assigned headlines about the business services provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutPaychex.

Are investors shorting Paychex?

Paychex saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 8,911,000 shares, an increase of 8.7% from the February 27th total of 8,200,000 shares. Based on an average trading volume of 2,951,200 shares, the short-interest ratio is presently 3.0 days. Currently, 2.8% of the company's stock 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), AT&T (T), Verizon Communications (VZ), Pfizer (PFE), Procter & Gamble (PG), NVIDIA (NVDA) and Costco Wholesale (COST).

Who are Paychex's key executives?

Paychex's management team includes the following 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)

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 many different institutional and retail investors. Top institutional shareholders include State Street Corp (3.99%), Bank of America Corp DE (2.84%), Bank of New York Mellon Corp (1.87%), Geode Capital Management LLC (1.71%), Goldman Sachs Group Inc. (0.90%) and Norges Bank (0.88%). 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, 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 FMR LLC, Janus Henderson Group PLC, Bank of America Corp DE, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Bank of New York Mellon Corp, Eaton Vance Management, Cubist Systematic Strategies LLC, and Schroder Investment Management Group. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, Jennifer R Vossler, 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 activity for Paychex.

Which institutional investors are buying Paychex stock?

PAYX stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, UBS Asset Management Americas Inc., PGGM Investments, Samlyn Capital LLC, Credit Suisse AG, Alberta Investment Management Corp, Goldman Sachs Group Inc., and Amundi Pioneer Asset Management Inc.. Company insiders that have bought Paychex stock in the last two years include Joseph Doody, and Tom Bonadio. View insider buying and selling activity 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 $64.42.

How big of a company is Paychex?

Paychex has a market capitalization of $23.06 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:  1.6 out of 5 (star)
Outperform Votes:  324 (Vote Outperform)
Underperform Votes:  709 (Vote Underperform)
Total Votes:  1,033
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 3/30/2020 by MarketBeat.com Staff

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