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NASDAQ:PAYX - Paychex Stock Price, Forecast & News

$87.59
-1.46 (-1.64 %)
(As of 02/24/2020 10:38 AM ET)
Today's Range
$87.13
Now: $87.59
$88.98
50-Day Range
$84.34
MA: $87.50
$90.23
52-Week Range
$75.10
Now: $87.59
$90.54
Volume23,990 shs
Average Volume1.21 million shs
Market Capitalization$31.35 billion
P/E Ratio29.29
Dividend Yield2.79%
Beta0.88
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$3.94 per share
Book Value$7.29 per share

Profitability

Net Income$1.03 billion

Miscellaneous

Employees15,600
Market Cap$31.35 billion
Next Earnings Date3/25/2020 (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 Friday, January 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.62 per share on Thursday, February 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, January 31st. View Paychex's Dividend History.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) posted its quarterly earnings data on Wednesday, December, 18th. The business services provider reported $0.70 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.68 by $0.02. The business services provider earned $990.70 million during the quarter, compared to analyst estimates of $988.26 million. Paychex had a return on equity of 41.21% and a net margin of 26.72%. The business's revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 earnings per share. 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 25th 2020. View Earnings Estimates for Paychex.

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

Paychex issued an update on its FY 2020 Pre-Market earnings guidance on Wednesday, December, 18th. The company provided EPS guidance of 3.12-3.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.10.

What price target have analysts set for PAYX?

11 equities research analysts have issued 1-year price objectives for Paychex's stock. Their forecasts range from $74.00 to $97.00. On average, they expect Paychex's stock price to reach $84.50 in the next year. This suggests that the stock has a possible downside of 3.8%. View Analyst Price Targets for Paychex.

What is the consensus analysts' recommendation for Paychex?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last year. There are currently 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paychex.

Has Paychex been receiving favorable news coverage?

News headlines about PAYX stock have been trending negative on Monday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of 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 -2.1 on InfoTrie's scale. They also gave press coverage about the business services provider a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the stock's share price in the near future. View News Stories for Paychex.

Are investors shorting Paychex?

Paychex saw a decline in short interest during the month of January. As of January 15th, there was short interest totalling 8,790,000 shares, a decline of 9.8% from the December 31st total of 9,740,000 shares. Based on an average trading volume of 1,310,000 shares, the days-to-cover ratio is presently 6.7 days. Approximately 2.8% of the company's shares 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), Cisco Systems (CSCO), Intel (INTC), Johnson & Johnson (JNJ), Verizon Communications (VZ), AT&T (T), NVIDIA (NVDA), Pfizer (PFE), Procter & Gamble (PG) 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 many different of institutional and retail investors. Top institutional investors include State Street Corp (3.99%), Bank of America Corp DE (2.84%), Bank of New York Mellon Corp (1.87%), Geode Capital Management LLC (1.71%), Goldman Sachs Group Inc. (0.90%) and California Public Employees Retirement System (0.75%). 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 major investors are selling Paychex stock?

PAYX stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Janus Henderson Group PLC, Bank of America Corp DE, Bank of New York Mellon Corp, Eaton Vance Management, Cubist Systematic Strategies LLC, Schroder Investment Management Group and Assenagon Asset Management S.A.. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, Jennifer R Vossler, 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 major investors are buying Paychex stock?

PAYX stock was acquired by a variety of institutional investors in the last quarter, including UBS Asset Management Americas Inc., PGGM Investments, Samlyn Capital LLC, Credit Suisse AG, Alberta Investment Management Corp, Goldman Sachs Group Inc., Amundi Pioneer Asset Management Inc. and Madison Asset Management LLC. 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 $87.82.

How big of a company is Paychex?

Paychex has a market capitalization of $31.43 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:  1.6 out of 5 (star)
Outperform Votes:  317 (Vote Outperform)
Underperform Votes:  687 (Vote Underperform)
Total Votes:  1,004
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 2/24/2020 by MarketBeat.com Staff

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