NASDAQ:PAYX - Paychex Stock Price, Forecast & News

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

Paychex announced a quarterly dividend on Friday, January 17th. Investors of record on Monday, February 3rd will be given a dividend of $0.62 per share on Thursday, February 20th. This represents a $2.48 annualized dividend and a yield of 2.81%. View Paychex's Dividend History.

Paychex, Inc. (NASDAQ:PAYX) released its quarterly earnings data on Wednesday, December, 18th. The business services provider reported $0.70 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.68 by $0.02. The business services provider earned $990.70 million during the quarter, compared to the consensus estimate of $988.26 million. Paychex had a return on equity of 41.21% and a net margin of 26.72%. The business's quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business 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 updated its FY 2020 Pre-Market earnings guidance on Wednesday, December, 18th. The company provided EPS guidance of 3.12-3.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.10.

11 brokers have issued 12 month price targets for Paychex's shares. Their forecasts range from $74.00 to $97.00. On average, they expect Paychex's share price to reach $84.50 in the next twelve months. This suggests that the stock has a possible downside of 4.1%. 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.

Media headlines about PAYX stock have been trending positive recently, according to InfoTrie. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Paychex earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave news stories about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Paychex.

Paychex saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 8,790,000 shares, a drop of 9.8% from the December 15th total of 9,740,000 shares. Based on an average trading volume of 1,330,000 shares, the short-interest ratio is currently 6.6 days. Currently, 2.8% of the shares of the stock are short sold. 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), Jack Henry & Associates (JKHY), The Western Union (WU), 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), AT&T (T), Verizon Communications (VZ), NVIDIA (NVDA), Procter & Gamble (PG), Pfizer (PFE) and Home Depot (HD).

Paychex's stock is owned by a number of of retail and institutional investors. Top institutional investors include Welch & Forbes LLC (0.15%), Wedge Capital Management L L P NC (0.15%), Donaldson Capital Management LLC (0.12%), PGGM Investments (0.11%), Sabal Trust CO (0.08%) and Stock Yards Bank & Trust Co. (0.07%). 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 Wedge Capital Management L L P NC, Baxter Bros Inc., Scout Investments Inc., Cullinan Associates Inc., Welch & Forbes LLC, State of Alaska Department of Revenue, Forte Capital LLC ADV and Boston Trust Walden Corp. 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 bought by a variety of institutional investors in the last quarter, including PGGM Investments, Johanson Financial Advisors Inc., Gradient Investments LLC, Gateway Investment Advisers LLC, Donaldson Capital Management LLC, JGP Wealth Management LLC, Raymond James Trust N.A. and Relyea Zuckerberg Hanson 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 $88.10.

Paychex has a market capitalization of $31.53 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.