Paychex - PAYX Stock Forecast, Price & News

11 Wall Street 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 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.

11 brokerages have issued 12 month price targets for Paychex's stock. Their PAYX share price forecasts range from $105.00 to $138.00. On average, they predict the company's share price to reach $123.86 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for PAYX or view top-rated stocks among Wall Street analysts.

Paychex's stock was trading at $115.56 on January 1st, 2023. Since then, PAYX shares have decreased by 0.8% and is now trading at $114.59.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 5th 2023.
View our PAYX earnings forecast.

Paychex, Inc. (NASDAQ:PAYX) announced its quarterly earnings data on Wednesday, March, 29th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.05. The business services provider had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. Paychex had a net margin of 30.54% and a trailing twelve-month return on equity of 46.56%. The business's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 earnings per share.
Read the conference call transcript.

Paychex declared a quarterly dividend on Friday, January 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Wednesday, February 8th.
Read our dividend analysis for PAYX.

ETFs with the largest weight of Paychex (NASDAQ:PAYX) stock in their portfolio include ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), SmartETFs Dividend Builder ETF (DIVS), First Trust Horizon Managed Volatility Domestic ETF (HUSV), Dividend Performers ETF (IPDP), First Trust Capital Strength ETF (FTCS), John Hancock U.S. High Dividend ETF (JHDV), First Trust Expanded Technology ETF (XPND) and Democratic Large Cap Core ETF (DEMZ).

Paychex (NASDAQ:PAYX) pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.72%. 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 76.14%. 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.

Paychex announced that its Board of Directors has initiated a stock buyback 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 purchase up to 1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Paychex issued an update on its FY 2023 earnings guidance on Wednesday, March, 29th. The company provided earnings per share (EPS) guidance of $4.26-$4.30 for the period, compared to the consensus earnings per share estimate of $4.24. The company issued revenue guidance of -.

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.

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."

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.
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One share of PAYX stock can currently be purchased for approximately $114.59.

Paychex (NASDAQ:PAYX) has a market capitalization of $41.31 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 $4.15 on an earnings per share basis.

The company employs 16,000 workers across the globe.

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.