NASDAQ:PAYX - Paychex Stock Price, Forecast & News

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

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 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, January 31st. View Paychex's Dividend History.

Paychex, Inc. (NASDAQ:PAYX) announced its earnings results on Wednesday, December, 18th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.68 by $0.02. The business services provider earned $990.70 million during the quarter, compared to analyst estimates of $988.26 million. Paychex had a net margin of 26.72% and a return on equity of 41.21%. Paychex's revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. View Paychex's Earnings History.

Paychex is scheduled to release their next quarterly earnings announcement on Wednesday, March 25th 2020. View Earnings Estimates for Paychex.

Paychex issued an update on its FY 2020 Pre-Market earnings guidance on Wednesday, December, 18th. The company provided earnings per share (EPS) guidance of 3.12-3.15 for the period, compared to the Thomson Reuters consensus estimate of $3.10.

11 analysts have issued 1 year target prices for Paychex's stock. Their forecasts range from $74.00 to $97.00. On average, they anticipate Paychex's stock price to reach $84.50 in the next twelve months. This suggests that the stock has a possible downside of 5.7%. View Analyst Price Targets for Paychex.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

News stories about PAYX stock have trended somewhat negative this week, InfoTrie reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. 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 news sentiment score of -1.3 on InfoTrie's scale. They also assigned news articles about the business services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Paychex.

Paychex saw a decline in short interest in the month of December. As of December 31st, there was short interest totalling 8,790,000 shares, a decline of 9.8% from the December 15th total of 9,740,000 shares. Based on an average daily trading volume, of 1,330,000 shares, the days-to-cover ratio is presently 6.6 days. Currently, 2.8% of the shares of the company are sold short. View Paychex's Current Options Chain.

Some companies that are related to Paychex include Visa (V), Mastercard (MA), Fidelity National Information Servcs (FIS), Fiserv (FISV), Automatic Data Processing (ADP), Global Payments (GPN), Worldpay (WP), FleetCor Technologies (FLT), Total System Services (TSS), Broadridge Financial Solutions (BR), The Western Union (WU), Jack Henry & Associates (JKHY), WEX (WEX), Euronet Worldwide (EEFT) and Genpact (G).

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), AT&T (T), Pfizer (PFE), NVIDIA (NVDA), Procter & Gamble (PG) and Home Depot (HD).

Paychex's stock is owned by a number of of institutional and retail investors. Top institutional investors include Marathon Asset Management LLP (0.22%), Welch & Forbes LLC (0.15%), Wedge Capital Management L L P NC (0.15%), Donaldson Capital Management LLC (0.12%), PGGM Investments (0.11%) and Assenagon Asset Management S.A. (0.11%). 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 Assenagon Asset Management S.A., Marathon Asset Management LLP, Zurcher Kantonalbank Zurich Cantonalbank, Wedge Capital Management L L P NC, Baxter Bros Inc., Scout Investments Inc., Commerzbank Aktiengesellschaft FI and Janney Capital Management LLC. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, Jennifer R Vossler, 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 acquired by a variety of institutional investors in the last quarter, including PGGM Investments, Johanson Financial Advisors Inc., Gradient Investments LLC, Gateway Investment Advisers LLC, Sonora Investment Management LLC, Donaldson Capital Management LLC, Janney Montgomery Scott LLC and JGP Wealth Management LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of PAYX stock can currently be purchased for approximately $89.60.

Paychex has a market capitalization of $32.07 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.