NASDAQ:PAYX

Paychex Stock Forecast, Price & News

$95.85
-0.51 (-0.53 %)
(As of 04/12/2021 12:00 AM ET)
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Today's Range
$95.26
Now: $95.85
$96.69
50-Day Range
$89.31
MA: $95.42
$100.82
52-Week Range
$60.00
Now: $95.85
$101.15
Volume1.75 million shs
Average Volume1.96 million shs
Market Capitalization$34.54 billion
P/E Ratio32.71
Dividend Yield2.57%
Beta0.9
Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, 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 solutions, including 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 cloud-based HR administration software products for employee benefits management and administration, time and attendance, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, it provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. The company markets and sells its services primarily through its direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.
Paychex logo

Industry, Sector and Symbol

Industry Engineering, accounting, research, management & related services
Sub-IndustryData Processing & Outsourced Services
Current SymbolNASDAQ:PAYX
CUSIP70432610
Phone585-385-6666
Employees15,600
Year Founded1971

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.04 billion
Cash Flow$4.53 per share
Book Value$8.01 per share

Profitability

Net Income$1.10 billion

Miscellaneous

Market Cap$34.54 billion
Next Earnings Date7/6/2021 (Estimated)
OptionableOptionable

Headlines

Paychex Posts 3Q Revenue Decline - Nasdaq
April 8, 2021 |  nasdaq.com
Paychex (NASDAQ:PAYX) Price Target Raised to $105.00
April 7, 2021 |  americanbankingnews.com
Paychex (NASDAQ:PAYX) Cut to Underperform at Wolfe Research
April 7, 2021 |  americanbankingnews.com
Paychex (NASDAQ:PAYX) Price Target Raised to $89.00
April 7, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

1.48 out of 5 stars

Business Services Sector

107th out of 441 stocks

Engineering, Accounting, Research, Management & Related Services Industry

3rd out of 4 stocks

Analyst Opinion: 2.0Community Rank: 1.6Dividend Strength: 0.8Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$95.85
-0.51 (-0.53 %)
(As of 04/12/2021 12:00 AM ET)
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Paychex (NASDAQ:PAYX) Frequently Asked Questions

Is Paychex a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Paychex stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PAYX, but not buy additional shares or sell existing shares.
View analyst ratings for Paychex
or view top-rated stocks.

What stocks does MarketBeat like better than Paychex?

Wall Street analysts have given Paychex a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Paychex wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Paychex's next earnings date?

Paychex is scheduled to release its next quarterly earnings announcement on Tuesday, July 6th 2021.
View our earnings forecast for Paychex
.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) released its earnings results on Monday, April, 5th. The business services provider reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.92 by $0.04. The business services provider had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Paychex had a net margin of 26.66% and a trailing twelve-month return on equity of 37.99%. The business's revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 EPS.
View Paychex's earnings history
.

How has Paychex's stock been impacted by Coronavirus (COVID-19)?

Paychex's stock was trading at $74.68 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PAYX stock has increased by 28.3% and is now trading at $95.85.
View which stocks have been most impacted by COVID-19
.

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

Paychex declared a quarterly dividend on Friday, January 22nd. Shareholders of record on Monday, February 1st will be given a dividend of $0.62 per share on Thursday, February 25th. This represents a $2.48 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Friday, January 29th.
View Paychex's dividend history
.

Is Paychex a good dividend stock?

Paychex pays an annual dividend of $2.48 per share and currently has a dividend yield of 2.57%. Paychex does not yet have a strock track record of dividend growth. The dividend payout ratio of Paychex is 82.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Paychex will have a dividend payout ratio of 78.98% in the coming year. This indicates that Paychex may not be able to sustain their current dividend.
View Paychex's dividend history.

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

Paychex updated its FY21 earnings guidance on Tuesday, April, 6th. The company provided earnings per share (EPS) guidance of $2.94-3.00 for the period, compared to the Thomson Reuters consensus estimate of $2.94. The company issued revenue guidance of $3.96-4.04 billion, compared to the consensus revenue estimate of $3.98 billion.

What price target have analysts set for PAYX?

13 Wall Street analysts have issued 1-year target prices for Paychex's stock. Their forecasts range from $65.00 to $105.00. On average, they expect Paychex's stock price to reach $93.00 in the next year. This suggests that the stock has a possible downside of 3.0%.
View analysts' price targets for Paychex
or view top-rated stocks among Wall Street analysts.

Who are Paychex's key executives?

Paychex's management team includes the following people:
  • Mr. Martin Mucci, Pres, CEO & Director (Age 61, Pay $1.78M) (LinkedIn Profile)
  • Mr. Efrain Rivera M.B.A., DM, J.D., MBA, Sr. VP, CFO & Treasurer (Age 64, Pay $806.61k) (LinkedIn Profile)
  • Mr. Mark A. Bottini, Sr. VP of Sales (Age 60, Pay $744.9k) (LinkedIn Profile)
  • Mr. Michael E. Gioja, Sr. VP of Product Devel. & Information Technology (Age 63, Pay $765.99k) (LinkedIn Profile)
  • Mr. John B. Gibson, Sr. VP of Service (Age 54, Pay $764.77k) (LinkedIn Profile)
  • Mr. Christopher DeSalvo, VP of Service Excellence & Operations (LinkedIn Profile)
  • Mr. Bradley J. Schaufenbuel J.D., L.L.M., VP & Chief Information Security Officer (Age 48)
  • Ms. Terri Allen, Investor Relations
  • Ms. Stephanie L. Schaeffer, VP, Chief Legal Officer & Corp. Sec. (Age 51) (LinkedIn Profile)
  • Mr. Frank Fiorille, VP of Risk, Compliance & Data Analytics (LinkedIn Profile)

What is Martin Mucci's approval rating as Paychex's CEO?

975 employees have rated Paychex CEO Martin Mucci on Glassdoor.com. Martin Mucci has an approval rating of 90% among Paychex's employees.

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 Intel (INTC), Cisco Systems (CSCO), AT&T (T), General Electric (GE), Johnson & Johnson (JNJ), Pfizer (PFE), Verizon Communications (VZ), NVIDIA (NVDA), The Procter & Gamble (PG) and AbbVie (ABBV).

What is Paychex's stock symbol?

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

Who are Paychex's major shareholders?

Paychex's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (0.41%), First Financial Bank Trust Division (0.02%), Canandaigua National Corp (0.02%), Calamos Advisors LLC (0.02%), State of Alaska Department of Revenue (0.02%) and American Research & Management Co. (0.01%). Company insiders that own Paychex stock include David J S Flaschen, Efrain Rivera, Jennifer R Vossler, John B Gibson, Joseph Doody, Joseph M Tucci, Laurie L Zaucha, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Pamela A Joseph, Robert L Schrader, Stephanie L Schaeffer and Tom Bonadio.
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 Confluence Investment Management LLC, Pensionfund Sabic, Birch Capital Management LLC, NuWave Investment Management LLC, First Financial Bank Trust Division, State of Alaska Department of Revenue, Pacer Advisors Inc., and American Research & Management Co.. Company insiders that have sold Paychex company stock in the last year include David J S Flaschen, Efrain Rivera, John B Gibson, Joseph Doody, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Robert L Schrader, and Stephanie L Schaeffer.
View insider buying and selling activity for Paychex
or view top insider-selling stocks.

Which major investors are buying Paychex stock?

PAYX stock was acquired by a variety of institutional investors in the last quarter, including Everence Capital Management Inc., Hohimer Wealth Management LLC, Pensionfund DSM Netherlands, Calamos Advisors LLC, Phoenix Wealth Advisors, Huntington National Bank, Park National Corp OH, and First Hawaiian Bank.
View insider buying and selling activity for Paychex
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Paychex's stock price today?

One share of PAYX stock can currently be purchased for approximately $95.85.

How much money does Paychex make?

Paychex has a market capitalization of $34.54 billion and generates $4.04 billion in revenue each year. The business services provider earns $1.10 billion in net income (profit) each year or $3.00 on an earnings per share basis.

How many employees does Paychex have?

Paychex employs 15,600 workers across the globe.

Does Paychex have any subsidiaries?

The following companies are subsidiares of Paychex: Advance Partners, Advantage Payroll Services, Advantage Payroll Services Inc., Expense Wire LLC, ExpenseWire, Fast 401k Inc., HR Outsourcing, HR Service, HR Services Inc., Icon Time Systems, InterPay, Lessor Group, NETTIME SOLUTIONS L.L.C., Oasis Outsourcing, Olsen Computer Systems, PXC Inc., Paychex Advance LLC, Paychex Benefit Technologies, Paychex Benefit Technologies Inc., Paychex Brazil LLC, Paychex Business Solutions LLC, Paychex Deutschland GmbH, Paychex Insurance Agency Inc., Paychex Insurance Concepts Inc., Paychex Investment LLC, Paychex Management LLC, Paychex North America Inc., Paychex Real Estate LLC, Paychex Recordkeeping Services Inc., Paychex Securities Corporation, Paychex Time & Attendance Inc., Paychex of New York LLC, Rapid Payroll Inc., SurePayroll, SurePayroll Inc., The Payroll Company, ePlan Services, myStaffingPro by HR Services, and nettime Solutions.

When was Paychex founded?

Paychex was founded in 1971.

What is Paychex's official website?

The official website for Paychex is www.paychex.com.

Where are Paychex's headquarters?

Paychex is headquartered at 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625.

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 or via email at [email protected]


This page was last updated on 4/13/2021 by MarketBeat.com Staff
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