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

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$78.54 -0.98 (-1.23 %)
(As of 03/22/2019 02:07 PM ET)
Previous Close$79.52
Today's Range$78.41 - $79.52
52-Week Range$59.36 - $79.79
Volume90,610 shs
Average Volume1.79 million shs
Market Capitalization$28.20 billion
P/E Ratio30.81
Dividend Yield2.86%
Beta1.04
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.38 billion
Cash Flow$3.1316 per share
Book Value$5.64 per share

Profitability

Net Income$933.70 million

Miscellaneous

Employees14,300
Market Cap$28.20 billion
Next Earnings Date3/27/2019 (Confirmed)
OptionableOptionable

Paychex (NASDAQ:PAYX) Frequently Asked Questions

What is Paychex's stock symbol?

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

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

Paychex announced a quarterly dividend on Friday, January 18th. Stockholders of record on Friday, February 1st will be paid a dividend of $0.56 per share on Friday, February 15th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Thursday, January 31st. View Paychex's Dividend History.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) issued its quarterly earnings data on Tuesday, October, 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The business services provider earned $862.80 million during the quarter, compared to analyst estimates of $850.39 million. Paychex had a return on equity of 41.61% and a net margin of 27.99%. The company's revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. View Paychex's Earnings History.

When is Paychex's next earnings date?

Paychex is scheduled to release their next quarterly earnings announcement on Wednesday, March 27th 2019. View Earnings Estimates for Paychex.

How can I listen to Paychex's earnings call?

Paychex will be holding an earnings conference call on Wednesday, March 27th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8665041835.

What price target have analysts set for PAYX?

16 analysts have issued 12 month price objectives for Paychex's shares. Their forecasts range from $63.00 to $82.00. On average, they expect Paychex's share price to reach $72.60 in the next twelve months. This suggests that the stock has a possible downside of 7.6%. View Analyst Price Targets for Paychex.

What is the consensus analysts' recommendation for Paychex?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 1 sell rating, 14 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

Has Paychex been receiving favorable news coverage?

Headlines about PAYX stock have been trending negative recently, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by analyzing 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 news impact score of -2.7 on InfoTrie's scale. They also assigned news headlines 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 company's share price in the near future.

Are investors shorting Paychex?

Paychex saw a increase in short interest in February. As of February 15th, there was short interest totalling 10,111,380 shares, an increase of 19.9% from the January 31st total of 8,436,612 shares. Based on an average trading volume of 2,351,093 shares, the short-interest ratio is currently 4.3 days. Approximately 3.2% of the shares of the stock are short sold. 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 Johnson & Johnson (JNJ), General Electric (GE), Verizon Communications (VZ), CA (CA), Cisco Systems (CSCO), Pfizer (PFE), Altria Group (MO), Hawkins (HWKN), Intel (INTC) and Home Depot (HD).

Who are Paychex's key executives?

Paychex's management team includes the folowing 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)

Who are Paychex's major shareholders?

Paychex's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.81%), Lunia Capital LP (3.02%), Bank of America Corp DE (2.49%), Bank of New York Mellon Corp (2.34%), FMR LLC (1.76%) and Northern Trust Corp (1.55%). 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 and Stephanie L Schaeffer. 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 American International Group Inc., Millennium Management LLC, Bank of Nova Scotia, Gotham Asset Management LLC, Bank of America Corp DE, APG Asset Management N.V., London Co. of Virginia and Wedge Capital Management L L P NC. 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 and Stephanie L Schaeffer. View Insider Buying and Selling for Paychex.

Which major investors are buying Paychex stock?

PAYX stock was acquired by a variety of institutional investors in the last quarter, including Lunia Capital LP, Oregon Public Employees Retirement Fund, Norges Bank, BlackRock Inc., Bahl & Gaynor Inc., California Public Employees Retirement System, Marathon Asset Management LLP and Guinness Asset Management Ltd. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $78.54.

How big of a company is Paychex?

Paychex has a market capitalization of $28.20 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.

What is Paychex's official website?

The official website for Paychex is http://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.


MarketBeat Community Rating for Paychex (NASDAQ PAYX)

Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  261 (Vote Outperform)
Underperform Votes:  619 (Vote Underperform)
Total Votes:  880
MarketBeat's community ratings are surveys of what our community members think about Paychex and other stocks. Vote "Outperform" if you believe PAYX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PAYX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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