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

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

Paychex declared a quarterly dividend on Thursday, July 11th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.62 per share on Thursday, August 22nd. This represents a $2.48 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Wednesday, July 31st. View Paychex's Dividend History.

Paychex, Inc. (NASDAQ:PAYX) posted 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 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 for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 updated its FY 2020 earnings guidance on Wednesday, October, 2nd. The company provided EPS guidance of $3.10-3.10 for the period, compared to the Thomson Reuters consensus estimate of $3.09.

9 brokers have issued 1 year price targets for Paychex's shares. Their forecasts range from $68.00 to $92.00. On average, they expect Paychex's share price to reach $79.33 in the next year. This suggests that the stock has a possible downside of 6.3%. 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.

Media headlines about PAYX stock have trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public 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 -2.6 on InfoTrie's scale. They also gave media headlines about the business services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for 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 daily volume of 1,650,000 shares, the short-interest ratio is currently 6.8 days. Approximately 3.5% of the shares of the company are short sold. 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), Republic Services (RSG), IHS Markit (INFO), Verisk Analytics (VRSK) and Global Payments (GPN).

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).

Paychex's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Welch & Forbes LLC (0.16%), Scout Investments Inc. (0.05%), Crossmark Global Holdings Inc. (0.05%), Cypress Capital Group (0.03%), Camden National Bank (0.03%) and State of Alaska Department of Revenue (0.03%). 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., Welch & Forbes LLC, Scout Investments Inc., Affiance Financial LLC, North Star Investment Management Corp., Salem Capital Management Inc., First PREMIER Bank and Gulf International Bank UK Ltd. 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 Crossmark Global Holdings Inc., Burns J W & Co. Inc. NY, Pacer Advisors Inc., Keystone Financial Planning Inc., OmniStar Financial Group Inc., First Financial Bank Trust Division, Bangor Savings Bank and CX Institutional. 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 $84.63.

Paychex has a market capitalization of $30.29 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.