Paychex Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 2 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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12 equities research analysts have issued twelve-month target prices for Paychex's stock. Their PAYX stock forecasts range from $105.00 to $145.00. On average, they anticipate Paychex's stock price to reach $130.08 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
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Paychex's stock was trading at $136.50 at the beginning of 2022. Since then, PAYX shares have decreased by 12.2% and is now trading at $119.88.
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Paychex is scheduled to release its next quarterly earnings announcement on Wednesday, June 29th 2022.
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Paychex will be holding an earnings conference call on Wednesday, June 29th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-0874.

Paychex, Inc. (NASDAQ:PAYX) announced its quarterly earnings data on Wednesday, December, 22nd. The business services provider reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.11. The business services provider earned $1.11 billion during the quarter, compared to analysts' expectations of $1.06 billion. Paychex had a net margin of 30.23% and a trailing twelve-month return on equity of 43.02%. Paychex's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 earnings per share.
View Paychex's earnings history.

Paychex declared a quarterly dividend on Friday, April 29th. Shareholders of record on Thursday, May 12th will be given a dividend of $0.79 per share on Thursday, May 26th. This represents a $3.16 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Wednesday, May 11th. This is an increase from Paychex's previous quarterly dividend of $0.66.
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Paychex(NASDAQ:PAYX) pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.58%. 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.

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

Paychex updated its FY 2022 earnings guidance on Wednesday, April, 27th. The company provided earnings per share guidance of $3.724-$3.739 for the period, compared to the consensus EPS 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.

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), Automatic Data Processing (ADP), Fiserv (FISV), Fidelity National Information Services (FIS), Global Payments (GPN), Broadridge Financial Solutions (BR), FLEETCOR Technologies (FLT), Jack Henry & Associates (JKHY), Genpact (G), WEX (WEX), Western Union (WU), Euronet Worldwide (EEFT), ExlService (EXLS) 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), Procter & Gamble (PG) and AbbVie (ABBV).

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

Paychex's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.47%), Vanguard Group Inc. (8.13%), Capital International Investors (4.53%), State Street Corp (3.76%), Bank of New York Mellon Corp (3.45%) and Bank of America Corp DE (2.16%). 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, Laurie L Zaucha, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Pamela A Joseph, Robert L Schrader, Robert L Schrader, Stephanie L Schaeffer, 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 Select Equity Group L.P., Bahl & Gaynor Inc., State Street Corp, Arrowstreet Capital Limited Partnership, Troy Asset Management Ltd, Bank of America Corp DE, Connor Clark & Lunn Investment Management Ltd., and UBS Group AG. Company insiders that have sold Paychex company stock in the last two years include 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, and Stephanie L Schaeffer.
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PAYX stock was purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Capital International Investors, Envestnet Asset Management Inc., Robeco Institutional Asset Management B.V., Charles Schwab Investment Management Inc., Lazard Asset Management LLC, Vanguard Group Inc., and Goldman Sachs Group 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 $119.88.

Paychex (NASDAQ:PAYX) has a market capitalization of $43.28 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.

Paychex employs 15,000 workers across the globe.

Paychex was founded in 1971.

Paychex's mailing address is 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625. The official website for Paychex is www.paychex.com. 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.