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

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

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

Paychex, Inc. (NASDAQ:PAYX) announced its quarterly earnings data on Wednesday, October, 2nd. The business services provider reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.02. The business services provider earned $992 million during the quarter, compared to analyst estimates of $991.70 million. Paychex had a return on equity of 41.07% and a net margin of 27.04%. The business's revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. View Paychex's Earnings History.

Paychex is scheduled to release their next quarterly earnings announcement on Wednesday, December 18th 2019. View Earnings Estimates for Paychex.

Paychex issued an update on 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.

9 equities research analysts have issued twelve-month price targets for Paychex's shares. Their forecasts range from $68.00 to $92.00. On average, they expect 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.

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.

News stories about PAYX stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Paychex earned a news impact score of 0.8 on InfoTrie's scale. They also gave news coverage about the business services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Paychex.

Paychex saw a decrease in short interest in the month of September. As of September 30th, there was short interest totalling 11,140,000 shares, a decrease of 6.8% from the August 30th total of 11,950,000 shares. Based on an average daily volume of 1,650,000 shares, the days-to-cover ratio is currently 6.8 days. Currently, 3.5% of the company's stock are sold short. View Paychex's Current Options Chain.

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

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), Pfizer (PFE), AT&T (T) and Costco Wholesale (COST).

Paychex's stock is owned by a variety of of institutional and retail 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.

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.

PAYX stock was bought 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.

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.

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

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.

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.