Paychex (PAYX) Stock Forecast, Price & News

Paychex (NASDAQ:PAYX) Frequently Asked Questions

Is Paychex a buy right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Friday, June 24th 2022.
View our earnings forecast for Paychex.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) posted its earnings results on Wednesday, March, 30th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.11. The business services provider earned $1.28 billion during the quarter, compared to analysts' expectations of $1.22 billion. Paychex had a net margin of 30.23% and a trailing twelve-month return on equity of 43.02%. The business's revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS.
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, April 29th. Shareholders of record on Thursday, May 12th will be paid a dividend of $0.79 per share on Thursday, May 26th. This represents a $3.16 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Wednesday, May 11th. This is an increase from Paychex's previous quarterly dividend of $0.66.
View Paychex's dividend history.

Is Paychex a good dividend stock?

Paychex pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.63%. Paychex has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Paychex is 84.27%. 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 77.64% in the coming year. This indicates that Paychex may not be able to sustain their current dividend.
View Paychex's dividend history.

How will Paychex's stock buyback program work?

Paychex announced that its board has authorized a share repurchase program on Thursday, July 8th 2021, which permits the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

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

Paychex issued an update on its FY 2022 earnings guidance on Wednesday, April, 27th. The company provided EPS guidance of $3.724-$3.739 for the period, compared to the consensus estimate of $3.630. The company issued revenue guidance of $4.54 billion-$4.58 billion, compared to the consensus revenue estimate of $4.50 billion.

What price target have analysts set for PAYX?

13 brokerages have issued 1-year target prices for Paychex's stock. Their forecasts range from $105.00 to $145.00. On average, they anticipate Paychex's share price to reach $127.62 in the next year. This suggests a possible upside of 9.2% from the stock's current price.
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:

• Mr. Martin Mucci, Chairman & CEO (Age 62, Pay $3.03M) (LinkedIn Profile)
• Mr. John B. Gibson Jr., Pres & COO (Age 55, Pay $1.17M) (LinkedIn Profile)
• Mr. Efrain Rivera DM, MBA, Sr. VP, CFO & Treasurer (Age 65, Pay $1.23M) (LinkedIn Profile)
• Mr. Mark A. Bottini, Sr. VP of Sales (Age 61, Pay $1.17M)
• Mr. Michael E. Gioja, Sr. VP of Product Devel. & Information Technology (Age 64, Pay $1.18M) (LinkedIn Profile)
• Mr. Christopher DeSalvo, VP of Service Excellence & Operations
• Mr. Bradley J. Schaufenbuel J.D., L.L.M., VP & Chief Information Security Officer (Age 49)
• Ms. Terri Allen, Investor Relations
• Ms. Stephanie L. Schaeffer, VP, Chief Legal & Ethics Officer and Corp. Sec. (Age 52) (LinkedIn Profile)
• Mr. Frank Fiorille, VP of Risk, Compliance & Data Analytics

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), Fiserv (FISV), Fidelity National Information Services (FIS), Global Payments (GPN), FLEETCOR Technologies (FLT), Broadridge Financial Solutions (BR), Jack Henry & Associates (JKHY), Genpact (G), WEX (WEX), Western Union (WU), Euronet Worldwide (EEFT), ExlService (EXLS) and Maximus (MMS).
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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.47%), Vanguard Group Inc. (8.13%), State Street Corp (3.76%), Bank of New York Mellon Corp (3.45%), Charles Schwab Investment Management Inc. (1.43%) and Northern Trust Corp (1.39%). 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, Karen E Saunders-Mcclendon, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Robert L Schrader, Robert L Schrader, Stephanie L Schaeffer and Stephanie L Schaeffer.
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 Select Equity Group L.P., Bahl & Gaynor Inc., State Street Corp, Arrowstreet Capital Limited Partnership, Troy Asset Management Ltd, Connor Clark & Lunn Investment Management Ltd., UBS Group AG, and Canada Pension Plan Investment Board. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, Joseph Doody, Karen E Saunders-Mcclendon, 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 Bank of New York Mellon Corp, Envestnet Asset Management Inc., Robeco Institutional Asset Management B.V., Charles Schwab Investment Management Inc., Lazard Asset Management LLC, Vanguard Group Inc., Goldman Sachs Group Inc., and NewEdge Advisors LLC.
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 $116.90.

How much money does Paychex make?

Paychex has a market capitalization of $42.20 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 $3.75 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, DHR Services Holdings LLC, ESG Consulting II LLC, ESG Entities II LLC, ESG PEO LLC, ExpenseWire, Flock, Fortune Industries LLC, Gordian Capital Holdings LLC, HR Outsourcing, Icon Time Systems, InterPay, Lessor Group, Oasis AHR II LLC, Oasis AHR PL LLC, Oasis DHR LLC, Oasis Outsourcing, Oasis Outsourcing Acquisition Corporation, Oasis Outsourcing Contract III Inc., Oasis Outsourcing Holdings Inc., Oasis Outsourcing LLC, Oasis Outsourcing TX LLC, Oasis Outsourcing V LLC, Oasis Payroll Services Inc., Olsen Computer Systems, PXC Inc., Paychex Benefit Technologies, Paychex Holdings LLC, Paychex Insurance Agency Inc., Paychex Investment LLC, Paychex Management LLC, Paychex North America Inc., Paychex of New York LLC, Professional Staff Management Inc., SurePayroll, 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.

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.