Paychex Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 3 sell ratings, 6 hold ratings and 4 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.

Wall Street analysts have given Paychex a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Paychex wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Paychex is scheduled to release its next quarterly earnings announcement on Tuesday, July 6th 2021.
View our earnings forecast for Paychex.

Paychex, Inc. (NASDAQ:PAYX) issued its quarterly earnings data on Monday, April, 5th. The business services provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The business services provider earned $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Paychex had a net margin of 26.66% and a trailing twelve-month return on equity of 37.99%. The company's revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 EPS.
View Paychex's earnings history.

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 stock has increased by 30.6% and is now trading at $97.50.
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Paychex announced a quarterly dividend on Friday, January 22nd. Investors of record on Monday, February 1st will be given a dividend of $0.62 per share on Thursday, February 25th. This represents a $2.48 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Friday, January 29th.
View Paychex's dividend history.

Paychex pays an annual dividend of $2.48 per share and currently has a dividend yield of 2.56%. Paychex does not yet have a strock track record of dividend growth. The dividend payout ratio of Paychex is 82.67%. 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 78.98% in the coming year. This indicates that Paychex may not be able to sustain their current dividend.
View Paychex's dividend history.

Paychex updated its FY21 earnings guidance on Tuesday, April, 6th. The company provided EPS guidance of $2.94-3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.94. The company issued revenue guidance of $3.96-4.04 billion, compared to the consensus revenue estimate of $3.98 billion.

13 brokers have issued 1-year price targets for Paychex's stock. Their forecasts range from $65.00 to $105.00. On average, they anticipate Paychex's share price to reach $93.00 in the next year. This suggests that the stock has a possible downside of 4.6%.
View analysts' price targets for Paychex or view top-rated stocks among Wall Street analysts.

975 employees have rated Paychex CEO Martin Mucci on Glassdoor.com. Martin Mucci has an approval rating of 90% among Paychex's employees.

Some companies that are related to Paychex include Visa (V), Mastercard (MA), Fidelity National Information Services (FIS), Fiserv (FISV), Automatic Data Processing (ADP), Global Payments (GPN), FLEETCOR Technologies (FLT), Broadridge Financial Solutions (BR), Jack Henry & Associates (JKHY), The Western Union (WU), WEX (WEX), Genpact (G), Euronet Worldwide (EEFT), CoreLogic (CLGX) and Maximus (MMS).
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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), The Procter & Gamble (PG) and AbbVie (ABBV).

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

Paychex's stock is owned by a number of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.41%), Hamlin Capital Management LLC (0.25%), Welch & Forbes LLC (0.13%), Fenimore Asset Management Inc. (0.08%), Gateway Investment Advisers LLC (0.06%) and Crossmark Global Holdings Inc. (0.04%). Company insiders that own Paychex stock include David J S Flaschen, Efrain Rivera, Jennifer R Vossler, John B Gibson, Joseph Doody, 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.

PAYX stock was sold by a variety of institutional investors in the last quarter, including FDx Advisors Inc., Asset Advisors Investment Management LLC, Confluence Investment Management LLC, Welch & Forbes LLC, Crossmark Global Holdings Inc., Stock Yards Bank & Trust Co., Retirement Systems of Alabama, and Pensionfund Sabic. 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 Velli, Mark Anthony Bottini, 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.

PAYX stock was purchased by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, Everence Capital Management Inc., DnB Asset Management AS, Motco, Trust Co. of Vermont, Royal London Asset Management Ltd., Hohimer Wealth Management LLC, and FDx Advisors Inc..
View insider buying and selling activity for Paychex or or view top insider-buying stocks.

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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One share of PAYX stock can currently be purchased for approximately $97.50.

Paychex has a market capitalization of $35.14 billion and generates $4.04 billion in revenue each year. The business services provider earns $1.10 billion in net income (profit) each year or $3.00 on an earnings per share basis.

Paychex employs 15,600 workers across the globe.

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.

Paychex was founded in 1971.

The official website for Paychex is www.paychex.com.

Paychex is headquartered at 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625.

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 or via email at [email protected]