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Paychex Stock Price, News & Analysis (NASDAQ:PAYX)

$84.24
-0.48 (-0.57 %)
(As of 10/18/2019 04:00 PM ET)
Today's Range
$84.00
Now: $84.25
$85.40
50-Day Range
$79.72
MA: $82.76
$85.15
52-Week Range
$61.32
Now: $84.25
$88.43
Volume1.36 million shs
Average Volume1.59 million shs
Market Capitalization$30.15 billion
P/E Ratio29.66
Dividend Yield2.93%
Beta0.9
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. Read More…

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$3.77 billion
Cash Flow$3.98 per share
Book Value$7.04 per share

Profitability

Net Income$1.03 billion

Miscellaneous

Employees15,600
Market Cap$30.15 billion
Next Earnings Date12/18/2019 (Estimated)
OptionableOptionable

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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 Thursday, October 17th. Investors of record on Friday, November 1st will be given a dividend of $0.62 per share on Thursday, November 21st. This represents a $2.48 annualized dividend and a yield of 2.94%. The ex-dividend date is Thursday, October 31st. View Paychex's Dividend History.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) announced its quarterly earnings results on Wednesday, October, 2nd. The business services provider reported $0.71 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.69 by $0.02. The business services provider had revenue of $992 million for the quarter, compared to the consensus estimate of $991.70 million. Paychex had a return on equity of 41.07% and a net margin of 27.04%. The firm's revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 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, December 18th 2019. View Earnings Estimates for Paychex.

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

Paychex updated its FY 2020 earnings guidance on Wednesday, October, 2nd. The company provided earnings per share (EPS) guidance of $3.10-3.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.09.

What price target have analysts set for PAYX?

9 brokerages have issued 12 month target prices for Paychex's stock. Their predictions range from $68.00 to $92.00. On average, they anticipate Paychex's stock price to reach $79.33 in the next twelve months. This suggests that the stock has a possible downside of 5.8%. View Analyst Price Targets for Paychex.

What is the consensus analysts' recommendation for Paychex?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 3 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

Has Paychex been receiving favorable news coverage?

Media stories about PAYX stock have trended somewhat negative on Saturday, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Paychex earned a daily sentiment score of -1.5 on InfoTrie's scale. They also assigned media coverage about the business services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Paychex.

Are investors shorting Paychex?

Paychex saw a decline in short interest during the month of September. As of September 30th, there was short interest totalling 11,140,000 shares, a decline of 6.8% from the August 30th total of 11,950,000 shares. Based on an average trading volume of 1,650,000 shares, the days-to-cover ratio is presently 6.8 days. Currently, 3.5% 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), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Intel (INTC), Verizon Communications (VZ), Reaves Utility Income Fund (UTG), Arrow Financial (AROW), Pfizer (PFE), Costco Wholesale (COST) and AT&T (T).

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 many different of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.46%), Welch & Forbes LLC (0.16%), Assenagon Asset Management S.A. (0.14%), Envestnet Asset Management Inc. (0.09%), Sabal Trust CO (0.08%) and Robeco Institutional Asset Management B.V. (0.06%). 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, Robert L Schrader and Stephanie L Schaeffer. View Institutional Ownership Trends for Paychex.

Which institutional investors are selling Paychex stock?

PAYX stock was sold by a variety of institutional investors in the last quarter, including Decatur Capital Management Inc., Country Club Trust Company n.a., Zurcher Kantonalbank Zurich Cantonalbank , Welch & Forbes LLC, CHURCHILL MANAGEMENT Corp, Gateway Investment Advisers LLC, Scout Investments Inc. and Coastline Trust Co. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, Jennifer R Vossler, 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 and Stephanie L Schaeffer. View Insider Buying and Selling for Paychex.

Which institutional investors are buying Paychex stock?

PAYX stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Crossmark Global Holdings Inc., Envestnet Asset Management Inc., Park Avenue Securities LLC, Sonora Investment Management LLC, Burns J W & Co. Inc. NY, Pacer Advisors Inc. and YHB Investment Advisors Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $84.25.

How big of a company is Paychex?

Paychex has a market capitalization of $30.15 billion and generates $3.77 billion in revenue each year. The business services provider earns $1.03 billion in net income (profit) each year or $2.84 on an earnings per share basis. Paychex employs 15,600 workers across the globe.View Additional Information About Paychex.

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:  286 (Vote Outperform)
Underperform Votes:  648 (Vote Underperform)
Total Votes:  934
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 10/19/2019 by MarketBeat.com Staff

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