NASDAQ:PAYX - Paychex Stock Price, News, & Analysis

Paychex trades on the NASDAQ under the ticker symbol "PAYX."

Paychex announced a quarterly dividend on Friday, May 3rd. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.62 per share on Thursday, May 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Tuesday, May 14th. This is an increase from Paychex's previous quarterly dividend of $0.56. View Paychex's Dividend History.

Paychex, Inc. (NASDAQ:PAYX) released its earnings results on Wednesday, March, 27th. The business services provider reported $0.89 EPS for the quarter, meeting the Zacks' consensus estimate of $0.89. The business services provider had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Paychex had a return on equity of 43.20% and a net margin of 28.19%. The business's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS. View Paychex's Earnings History.

Paychex is scheduled to release their next quarterly earnings announcement on Wednesday, June 26th 2019. View Earnings Estimates for Paychex.

Paychex will be holding an earnings conference call on Wednesday, June 26th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8665041835.

Paychex issued an update on its FY 2019 earnings guidance on Wednesday, March, 27th. The company provided earnings per share (EPS) guidance of $2.83-2.86 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.85. The company issued revenue guidance of $3.583754-3.617563 billion, compared to the consensus revenue estimate of $3.78 billion.

16 brokers have issued 12 month target prices for Paychex's stock. Their forecasts range from $65.00 to $84.00. On average, they anticipate Paychex's share price to reach $74.1429 in the next twelve months. This suggests that the stock has a possible downside of 14.1%. View Analyst Price Targets for Paychex.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 2 sell ratings, 13 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

Media stories about PAYX stock have been trending somewhat positive on Wednesday, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Paychex earned a coverage optimism score of 1.8 on InfoTrie's scale. They also assigned media coverage about the business services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Paychex.

Paychex saw a increase in short interest in May. As of May 15th, there was short interest totalling 11,162,200 shares, an increase of 23.7% from the April 15th total of 9,021,000 shares. Based on an average trading volume of 1,780,000 shares, the short-interest ratio is currently 6.3 days. Currently, 3.5% of the shares of the company are sold short. View Paychex's Current Options Chain.

Some companies that are related to Paychex include Accenture (ACN), Automatic Data Processing (ADP), S&P Global (SPGI), Recruit (RCRRF), Waste Management (WM), Fidelity National Information Servcs (FIS), Worldpay (WP), Fiserv (FISV), Thomson Reuters (TRI), EXPERIAN PLC/ADR (EXPGY), Republic Services (RSG), Iqvia (IQV), Spotify Technology (SPOT), Global Payments (GPN) and First Data (FDC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Paychex investors own include General Electric (GE), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Intel (INTC), Verizon Communications (VZ), Reaves Utility Income Fund (UTG), Arrow Financial (AROW), Home Depot (HD), Walgreens Boots Alliance (WBA) and Honeywell International (HON).

Paychex's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.76%), Wells Fargo & Company MN (2.34%), Northern Trust Corp (1.58%), FMR LLC (1.47%), Ronna Sue Cohen (1.11%) and California Public Employees Retirement System (0.60%). Company insiders that own Paychex stock include David J S Flaschen, Efrain Rivera, Grant M Inman, 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 and Stephanie L Schaeffer. View Institutional Ownership Trends for Paychex.

PAYX stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Scout Investments Inc., Carillon Tower Advisers Inc., Los Angeles Capital Management & Equity Research Inc., Rhumbline Advisers, Connor Clark & Lunn Investment Management Ltd., Mcdonald Capital Investors Inc. CA and Confluence Investment Management LLC. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, Grant M Inman, 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 and Stephanie L Schaeffer. View Insider Buying and Selling for Paychex.

PAYX stock was bought by a variety of institutional investors in the last quarter, including Ronna Sue Cohen, BlackRock Inc., Pennsylvania Trust Co, California Public Employees Retirement System, Janus Henderson Group PLC, BNP Paribas Arbitrage SA, Assenagon Asset Management S.A. and Nordea Investment Management AB. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of PAYX stock can currently be purchased for approximately $86.36.

Paychex has a market capitalization of $31.01 billion and generates $3.38 billion in revenue each year. The business services provider earns $933.70 million in net income (profit) each year or $2.55 on an earnings per share basis. Paychex employs 14,300 workers across the globe.View Additional Information About Paychex.

The official website for Paychex is http://www.paychex.com/.

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.