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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
US Dollar Replaced By "Biden Bucks"? (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
US Dollar Replaced By "Biden Bucks"? (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
US Dollar Replaced By "Biden Bucks"? (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
NASDAQ:PAYX

Paychex - PAYX Stock Forecast, Price & News

$138.31
+0.16 (+0.12%)
(As of 08/16/2022 12:00 AM ET)
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Compare
Today's Range
$136.88
$138.50
50-Day Range
$113.00
$138.31
52-Week Range
$106.55
$141.92
Volume
1.09 million shs
Average Volume
1.85 million shs
Market Capitalization
$49.93 billion
P/E Ratio
36.02
Dividend Yield
2.29%
Price Target
$129.23

Paychex MarketRank™ Forecast

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
5.5% Downside
$130.75 Price Target
Short Interest
Healthy
3.03% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.67mentions of Paychex in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$10.54 M Sold Last Quarter
Proj. Earnings Growth
7.49%
From $4.14 to $4.45 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.81 out of 5 stars

Business Services Sector

33rd out of 339 stocks

Engineering, Accounting, Research, Management & Related Services Industry

2nd out of 2 stocks

PAYX stock logo

About Paychex (NASDAQ:PAYX) Stock

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Paychex from $145.00 to $123.00 and set a "hold" rating for the company in a research report on Thursday, June 30th. Cowen decreased their price target on shares of Paychex from $140.00 to $135.00 and set an "outperform" rating for the company in a research report on Thursday, June 30th. Jefferies Financial Group decreased their price target on shares of Paychex from $140.00 to $130.00 in a research report on Monday, May 23rd. William Blair restated a "market perform" rating on shares of Paychex in a research report on Wednesday, June 29th. Finally, Credit Suisse Group decreased their price target on shares of Paychex from $165.00 to $140.00 and set an "outperform" rating for the company in a research report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $129.23.

Paychex Stock Down 0.1 %

Shares of Paychex stock traded down $0.11 during trading hours on Tuesday, reaching $138.04. The company's stock had a trading volume of 3,248 shares, compared to its average volume of 1,423,626. Paychex has a one year low of $106.55 and a one year high of $141.92. The company has a market capitalization of $49.84 billion, a P/E ratio of 35.98, a P/E/G ratio of 4.36 and a beta of 1.00. The stock's fifty day simple moving average is $121.32 and its two-hundred day simple moving average is $123.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.25 and a current ratio of 1.25.

Paychex (NASDAQ:PAYX - Get Rating) last released its quarterly earnings data on Wednesday, June 29th. The business services provider reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. Paychex had a net margin of 30.20% and a return on equity of 43.65%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm earned $0.72 earnings per share. The business's quarterly revenue was up 9.7% compared to the same quarter last year. On average, research analysts forecast that Paychex will post 4.14 earnings per share for the current year.

Paychex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Wednesday, August 10th. Paychex's dividend payout ratio (DPR) is 82.29%.

Insider Buying and Selling at Paychex

In related news, VP Michael E. Gioja sold 1,227 shares of the firm's stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $117.81, for a total transaction of $144,552.87. Following the transaction, the vice president now directly owns 51,122 shares of the company's stock, valued at $6,022,682.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Efrain Rivera sold 30,866 shares of the firm's stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $116.13, for a total transaction of $3,584,468.58. Following the completion of the sale, the chief financial officer now owns 86,031 shares in the company, valued at $9,990,780.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael E. Gioja sold 1,227 shares of the firm's stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $117.81, for a total transaction of $144,552.87. Following the sale, the vice president now owns 51,122 shares of the company's stock, valued at approximately $6,022,682.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,837 shares of company stock valued at $10,539,336. Corporate insiders own 11.50% of the company's stock.

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PAYX Stock News Headlines

Paychex, Inc. (PAYX) To Go Ex-Dividend on August 10th
ADP Vs. Paychex Comparison 2022 - Forbes
Analyst Ratings for Paychex
See More Headlines
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PAYX Company Calendar

Ex-Dividend for 5/26 Dividend
5/11/2022
Dividend Payable
5/26/2022
Last Earnings
6/29/2022
Ex-Dividend for 8/25 Dividend
8/10/2022
Today
8/16/2022
Dividend Payable
8/25/2022
Next Earnings (Estimated)
9/29/2022
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Engineering, accounting, research, management & related services
Sub-Industry
Data Processing & Outsourced Services
Current Symbol
NASDAQ:PAYX
CUSIP
70432610
Employees
16,000
Year Founded
1971

Price Target and Rating

Average Stock Price Forecast
$130.75
High Stock Price Forecast
$142.00
Low Stock Price Forecast
$118.00
Forecasted Upside/Downside
-6.6%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
12 Analysts

Profitability

Net Income
$1.39 billion
Pretax Margin
39.56%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$5.06 per share
Book Value
$8.55 per share

Miscellaneous

Free Float
319,500,000
Market Cap
$49.93 billion
Optionable
Optionable
Beta
1.00

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PAYX Stock - Frequently Asked Questions

Should I buy or sell Paychex stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 1 sell rating, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PAYX shares. 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 PAYX analyst ratings
or view top-rated stocks.

What is Paychex's stock price forecast for 2022?

13 analysts have issued 12 month price objectives for Paychex's stock. Their PAYX share price forecasts range from $111.00 to $142.00. On average, they predict the company's share price to reach $129.23 in the next twelve months. This suggests that the stock has a possible downside of 6.6%.
View analysts price targets for PAYX
or view top-rated stocks among Wall Street analysts.

How have PAYX shares performed in 2022?

Paychex's stock was trading at $136.50 at the start of the year. Since then, PAYX shares have increased by 1.3% and is now trading at $138.31.
View the best growth stocks for 2022 here
.

When is Paychex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 29th 2022.
View our PAYX earnings forecast
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) posted its quarterly earnings data on Wednesday, June, 29th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. The business services provider earned $1.13 billion during the quarter, compared to analysts' expectations of $1.11 billion. Paychex had a net margin of 30.20% and a trailing twelve-month return on equity of 43.65%. Paychex's revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS.
Read the conference call transcript
.

How often does Paychex pay dividends? What is the dividend yield for Paychex?

Paychex announced a quarterly dividend on Thursday, July 14th. Investors of record on Thursday, August 11th will be paid a dividend of $0.79 per share on Thursday, August 25th. This represents a $3.16 annualized dividend and a yield of 2.28%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for PAYX
.

Is Paychex a good dividend stock?

Paychex (NASDAQ:PAYX) pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.29%. The company 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 is 82.29%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PAYX will have a dividend payout ratio of 71.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAYX.

How will Paychex's stock buyback program work?

Paychex declared that its Board of Directors has authorized a share buyback program on Thursday, July 8th 2021, which permits the company to buyback $400,000,000.00 in outstanding 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 often a sign that the company's board believes its shares are undervalued.

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

Paychex updated its FY 2023 earnings guidance on Wednesday, July, 27th. The company provided earnings per share (EPS) guidance of $4.11-$4.15 for the period, compared to the consensus estimate of $4.06. The company issued revenue guidance of $4.93 billion-$4.98 billion, compared to the consensus revenue estimate of $4.88 billion.

What is Martin Mucci's approval rating as Paychex's CEO?

975 employees have rated Paychex Chief Executive Officer Martin Mucci on Glassdoor.com. Martin Mucci has an approval rating of 90% among the company's employees.

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 number of retail and institutional investors. Top institutional investors include State Street Corp (3.65%), Northern Trust Corp (1.33%), London Co. of Virginia (0.65%), California Public Employees Retirement System (0.65%), Price T Rowe Associates Inc. MD (0.51%) and UBS Asset Management Americas Inc. (0.49%). Insiders that own company 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
.

How do I buy shares of Paychex?

Shares of PAYX stock 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.
Compare Top Brokerages Here.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $138.31.

How much money does Paychex make?

Paychex (NASDAQ:PAYX) has a market capitalization of $49.93 billion and generates $4.61 billion in revenue each year. The business services provider earns $1.39 billion in net income (profit) each year or $3.84 on an earnings per share basis.

How many employees does Paychex have?

The company employs 16,000 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.
Read More
When was Paychex founded?

Paychex was founded in 1971.

How can I contact Paychex?

Paychex's mailing address is 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625. The official website for the company is www.paychex.com. The business services provider can be reached via phone at (585) 385-6666, via email at tjallen@paychex.com, or via fax at 302-655-5049.

This page (NASDAQ:PAYX) was last updated on 8/17/2022 by MarketBeat.com Staff

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