S&P 500   3,852.36
DOW   32,920.46
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Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
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Is This The End of Capitalism? (Ad)
FTX's Sam Bankman-Fried, DOJ tussle over his communications
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Is This The End of Capitalism? (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
Is This The End of Capitalism? (Ad)
FTX's Sam Bankman-Fried, DOJ tussle over his communications
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Is This The End of Capitalism? (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
Is This The End of Capitalism? (Ad)
FTX's Sam Bankman-Fried, DOJ tussle over his communications
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Is This The End of Capitalism? (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
Is This The End of Capitalism? (Ad)
FTX's Sam Bankman-Fried, DOJ tussle over his communications
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
NASDAQ:PAYX

Paychex - PAYX Stock Forecast, Price & News

$113.03
-2.07 (-1.80%)
(As of 01/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$112.65
$114.70
50-Day Range
$112.18
$125.98
52-Week Range
$105.66
$141.92
Volume
2.26 million shs
Average Volume
1.39 million shs
Market Capitalization
$40.74 billion
P/E Ratio
27.91
Dividend Yield
2.80%
Price Target
$124.08

Paychex MarketRank™ Forecast

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
9.8% Upside
$124.08 Price Target
Short Interest
Bearish
2.94% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.56mentions of Paychex in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.61 M Sold Last Quarter
Proj. Earnings Growth
7.76%
From $4.25 to $4.58 Per Share

Overall MarketRank

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

2.34 out of 5 stars

Business Services Sector

94th out of 328 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.

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PAYX Stock News Headlines

UiPath is the Blue-Collar AI Platform to Watch in 2023
Robotic process automation (RPA) leader UiPath inc. (NASDAQ: PATH) stock has been rising with other artificial intelligence (AI) providers thanks to ChapGPT.
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Brokerages Set Paychex, Inc. (NASDAQ:PAYX) Price Target at $124.08
Paychex Wins 2023 BIG Innovation Award
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Paychex, Inc. (NASDAQ:PAYX) Plans $0.79 Quarterly Dividend
Paychex (NASDAQ:PAYX) Downgraded by Barclays to Underweight
Here's Why Investors Should Buy Paychex (PAYX) Stock Now
A Letter From the Chief Ethics Officer
3 Top-Ranked Large Caps For a Steady Portfolio
Small Business Wage Growth Moderates as 2022 Closes
Paychex Stock Looks Vulnerable to Further Weakness
Paychex FQ2 2023 Earnings Preview
See More Headlines
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PAYX Company Calendar

Ex-Dividend for 11/23 Dividend
11/08/2022
Dividend Payable
11/23/2022
Last Earnings
12/22/2022
Today
1/29/2023
Ex-Dividend for 2/23 Dividend
2/08/2023
Dividend Payable
2/23/2023
Next Earnings (Estimated)
3/29/2023
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
$124.08
High Stock Price Forecast
$138.00
Low Stock Price Forecast
$110.00
Forecasted Upside/Downside
+9.8%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

Net Income
$1.39 billion
Pretax Margin
39.66%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$4.96 per share
Book Value
$8.89 per share

Miscellaneous

Free Float
319,013,000
Market Cap
$40.74 billion
Optionable
Optionable
Beta
0.98

Social Links


Key Executives

  • Mr. John B. Gibson Jr.Mr. John B. Gibson Jr. (Age 56)
    Pres, CEO & Director
    Comp: $1.52M
  • Mr. Efrain Rivera DMMr. Efrain Rivera DM (Age 66)
    MBA, Sr. VP & CFO
    Comp: $1.44M
  • Mr. Mark A. Bottini (Age 62)
    Sr. VP of Sales
    Comp: $1.4M
  • Mr. Michael E. GiojaMr. Michael E. Gioja (Age 65)
    Sr. VP of Product Devel. & Information Technology
    Comp: $1.34M
  • Mr. Christopher DeSalvo
    VP of Service Excellence & Operations
  • Mr. Bradley J. Schaufenbuel J.D. (Age 50)
    L.L.M., VP & Chief Information Security Officer
  • Ms. Terri Allen
    Investor Relations
  • Ms. Stephanie L. SchaefferMs. Stephanie L. Schaeffer (Age 53)
    VP, Chief Legal & Ethics Officer and Corp. Sec.
  • Mr. Frank Fiorille
    VP of Risk, Compliance & Data Analytics
  • Neal Collins
    VP of Corp. Devel. and MD of Mergers & Acquisitions













PAYX Stock - Frequently Asked Questions

Should I buy or sell Paychex stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 2023?

11 brokerages have issued twelve-month price targets for Paychex's shares. Their PAYX share price forecasts range from $110.00 to $138.00. On average, they expect the company's stock price to reach $124.08 in the next year. This suggests a possible upside of 9.8% from the stock's current price.
View analysts price targets for PAYX
or view top-rated stocks among Wall Street analysts.

How have PAYX shares performed in 2023?

Paychex's stock was trading at $115.56 on January 1st, 2023. Since then, PAYX shares have decreased by 2.2% and is now trading at $113.03.
View the best growth stocks for 2023 here
.

When is Paychex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023.
View our PAYX earnings forecast
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) posted its quarterly earnings results on Thursday, December, 22nd. The business services provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. The business services provider had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.18 billion. Paychex had a net margin of 30.45% and a trailing twelve-month return on equity of 45.50%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS.
Read the conference call transcript
.

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

Paychex declared a quarterly dividend on Friday, January 20th. Investors of record on Thursday, February 9th will be paid a dividend of $0.79 per share on Thursday, February 23rd. This represents a $3.16 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, February 8th.
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 2.75%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 78.02%. 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 69.00% 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 announced that its board has authorized a share repurchase plan 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 buy up to 1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its stock is undervalued.

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

Paychex updated its FY 2023 earnings guidance on Thursday, December, 22nd. The company provided earnings per share guidance of $4.22-$4.30 for the period, compared to the consensus EPS estimate of $4.18. The company issued revenue guidance of $4.98 billion-$4.98 billion, compared to the consensus revenue estimate of $4.97 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 variety of retail and institutional investors. Top institutional investors include Troy Asset Management Ltd (0.44%), Confluence Investment Management LLC (0.36%), Hamlin Capital Management LLC (0.19%), Wedge Capital Management L L P NC (0.14%), Ardevora Asset Management LLP (0.11%) and Grandfield & Dodd LLC (0.11%). 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, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, 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 $113.03.

How much money does Paychex make?

Paychex (NASDAQ:PAYX) has a market capitalization of $40.74 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 $4.05 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
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 1/29/2023 by MarketBeat.com Staff