Paychex Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.
View analyst ratings for Paychex or view top-rated stocks.

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

Paychex, Inc. (NASDAQ:PAYX) announced its quarterly earnings results on Thursday, June, 24th. The business services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. The business services provider had revenue of $1.03 billion for the quarter, compared to analyst estimates of $980.02 million. Paychex had a net margin of 27.05% and a trailing twelve-month return on equity of 38.04%. The business's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share.
View Paychex's earnings history.

Paychex's stock was trading at $74.68 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PAYX shares have increased by 52.4% and is now trading at $113.82.
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Paychex declared a quarterly dividend on Thursday, July 8th. Investors of record on Monday, August 2nd will be paid a dividend of $0.66 per share on Thursday, August 26th. This represents a $2.64 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Friday, July 30th.
View Paychex's dividend history.

Paychex pays an annual dividend of $2.64 per share and currently has a dividend yield of 2.33%. Paychex does not yet have a strong track record of dividend growth. The dividend payout ratio of Paychex is 86.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Paychex will have a dividend payout ratio of 73.13% next year. This indicates that Paychex will be able to sustain or increase its dividend.
View Paychex's dividend history.

Paychex declared that its Board of Directors has approved a share buyback program on Thursday, July 8th 2021, which authorizes the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Paychex issued an update on its FY 2022 earnings guidance on Friday, July, 23rd. The company provided earnings per share (EPS) guidance of $3.340-$3.410 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.210. The company issued revenue guidance of $4.34 billion-$4.34 billion, compared to the consensus revenue estimate of $4.26 billion.

13 brokers have issued 1 year target prices for Paychex's stock. Their forecasts range from $78.00 to $121.00. On average, they expect Paychex's share price to reach $102.25 in the next twelve months. This suggests that the stock has a possible downside of 10.2%.
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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), Automatic Data Processing (ADP), Fiserv (FISV), Global Payments (GPN), FLEETCOR Technologies (FLT), Broadridge Financial Solutions (BR), Jack Henry & Associates (JKHY), The Western Union (WU), Genpact (G), WEX (WEX), Euronet Worldwide (EEFT), Maximus (MMS) and Alliance Data Systems (ADS).
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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 variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.41%), Marathon Asset Management LLP (0.18%), Welch & Forbes LLC (0.13%), Grandfield & Dodd LLC (0.11%), LaFleur & Godfrey LLC (0.04%) and Howland Capital Management LLC (0.03%). Company insiders that own Paychex stock include David J S Flaschen, Efrain Rivera, 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, 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 Welch & Forbes LLC, Confluence Investment Management LLC, Raymond James Trust N.A., Stock Yards Bank & Trust Co., Marshall Financial Group LLC, Howland Capital Management LLC, Stratos Wealth Partners LTD., and Capital Investment Advisory Services LLC. 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 Tucci, 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 acquired by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, State of Alaska Department of Revenue, IFM Investors Pty Ltd, Oregon Public Employees Retirement Fund, Grandfield & Dodd LLC, Usca Ria LLC, Aptus Capital Advisors LLC, and Gradient Investments LLC.
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 $113.82.

Paychex has a market capitalization of $40.96 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 $3.04 on an earnings per share basis.

Paychex employs 15,000 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]