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NASDAQ:PAYXPaychex Stock Price, Forecast & News

$72.76
+0.84 (+1.17 %)
(As of 08/3/2020 04:00 PM ET)
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Today's Range
$71.47
Now: $72.76
$73.05
50-Day Range
$71.46
MA: $73.70
$77.78
52-Week Range
$47.87
Now: $72.76
$90.54
Volume1.90 million shs
Average Volume2.04 million shs
Market Capitalization$26.10 billion
P/E Ratio23.93
Dividend Yield3.45%
Beta0.92
Paychex, Inc. provides payroll, human resource (HR), retirement, and insurance services for small to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It also provides HR outsourcing services, including Paychex HR solutions comprising 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, the company offers insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life; cloud-based HR administration software products for employee benefits management and administration, time and attendance, recruiting, and onboarding solutions; and other HR services and products, such as employee handbooks, management manuals, and personnel and required regulatory forms. Further, it provides various accounting and financial services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and various services, such as payment processing services, financial fitness programs, and a small-business loan resource center. The company markets its products and services through direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 1.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.37 out of 5 stars


Industry, Sector and Symbol

Industry Engineering, accounting, research, management & related services
Sub-IndustryData Processing & Outsourced Services
Current SymbolNASDAQ:PAYX
CUSIP70432610
Phone585-385-6666

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.04 billion
Cash Flow$4.29 per share
Book Value$7.75 per share

Profitability

Net Income$1.10 billion

Miscellaneous

Employees15,800
Market Cap$26.10 billion
Next Earnings Date10/7/2020 (Estimated)
OptionableOptionable
$72.76
+0.84 (+1.17 %)
(As of 08/3/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Paychex (NASDAQ:PAYX) Frequently Asked Questions

How has Paychex's stock been impacted by COVID-19 (Coronavirus)?

Paychex's stock was trading at $74.68 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PAYX stock has decreased by 2.6% and is now trading at $72.76.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Paychex?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 2 sell ratings, 9 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Paychex
.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Wednesday, October 7th 2020.
View our earnings forecast for Paychex
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) released its quarterly earnings results on Tuesday, July, 7th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The business services provider earned $915.10 million during the quarter, compared to analysts' expectations of $910.68 million. Paychex had a net margin of 27.18% and a return on equity of 40.76%. The business's revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS.
View Paychex's earnings history
.

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

Paychex announced a quarterly dividend on Thursday, July 9th. Investors of record on Monday, August 3rd will be given a dividend of $0.62 per share on Thursday, August 27th. This represents a $2.48 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, July 31st.
View Paychex's dividend history
.

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

Paychex updated its FY 2021 Pre-Market earnings guidance on Tuesday, July, 7th. The company provided earnings per share guidance of 2.70-2.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.78. The company issued revenue guidance of $3.838-3.96 billion, compared to the consensus revenue estimate of $3.9 billion.

What price target have analysts set for PAYX?

12 equities research analysts have issued 12 month target prices for Paychex's stock. Their forecasts range from $55.00 to $92.00. On average, they anticipate Paychex's stock price to reach $72.50 in the next twelve months. This suggests that the stock has a possible downside of 0.4%.
View analysts' price targets for Paychex
.

Has Paychex been receiving favorable news coverage?

News coverage about PAYX stock has been trending somewhat negative on Tuesday, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Paychex earned a news impact score of -1.7 on InfoTrie's scale. They also gave news headlines about the business services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next several days.
View the latest news about Paychex
.

Are investors shorting Paychex?

Paychex saw a decrease in short interest in June. As of June 30th, there was short interest totaling 10,720,000 shares, a decrease of 8.3% from the June 15th total of 11,690,000 shares. Based on an average daily trading volume, of 2,750,000 shares, the days-to-cover ratio is currently 3.9 days. Currently, 3.4% of the company's stock are sold short.
View Paychex's Current Options Chain
.

Who are some of Paychex's key competitors?

What other stocks do shareholders of Paychex own?

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), Pfizer (PFE), Procter & Gamble (PG), Walt Disney (DIS) and NVIDIA (NVDA).

Who are Paychex's key executives?

Paychex's management team includes the following people:
  • Mr. Martin Mucci, Pres, CEO & Director (Age 59)
  • Mr. Efrain Rivera, Sr. VP, CFO & Treasurer (Age 62)
  • Mr. Mark A. Bottini, Sr. VP of Sales (Age 58)
  • Mr. Michael E. Gioja, Sr. VP of Product Devel. & Information Technology (Age 61)
  • Mr. John B. Gibson, Sr. VP of Service (Age 52)

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 Sumitomo Mitsui Trust Holdings Inc. (0.47%), Confluence Investment Management LLC (0.46%), Mcdonald Capital Investors Inc. CA (0.41%), UBS Group AG (0.23%), Marathon Asset Management LLP (0.23%) and First Trust Advisors LP (0.23%). Company insiders that own Paychex stock include David J S Flaschen, Efrain Rivera, 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, Stephanie L Schaeffer and Tom Bonadio.
View institutional ownership trends for Paychex
.

Which major investors are selling Paychex stock?

PAYX stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., NN Investment Partners Holdings N.V., First Trust Advisors LP, Mcdonald Capital Investors Inc. CA, NN Investment Partners Holdings N.V., Hancock Whitney Corp, Stock Yards Bank & Trust Co., and Welch & Forbes LLC. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, 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 activity for Paychex
.

Which major investors are buying Paychex stock?

PAYX stock was bought by a variety of institutional investors in the last quarter, including Alley Co LLC, Vantage Investment Partners LLC, Hamlin Capital Management LLC, Scout Investments Inc., UBS Group AG, Fenimore Asset Management Inc., Canandaigua National Corp, and Envestnet Asset Management Inc.. Company insiders that have bought Paychex stock in the last two years include Joseph Doody, and Tom Bonadio.
View insider buying and selling activity for Paychex
.

How do I buy shares of 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.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $72.76.

How big of a company is Paychex?

Paychex has a market capitalization of $26.10 billion and generates $4.04 billion in revenue each year. The business services provider earns $1.10 billion in net income (profit) each year or $3.00 on an earnings per share basis. Paychex employs 15,800 workers across the globe.

What is Paychex's official website?

The official website for Paychex is www.paychex.com.

How can I contact Paychex?

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.

This page was last updated on 8/4/2020 by MarketBeat.com Staff

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