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NASDAQ:PAYX

Paychex (PAYX) Stock Price, News & Analysis

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Free PAYX Stock Alerts
$119.49
+1.70 (+1.44%)
(As of 12:34 PM ET)
Compare
Today's Range
$117.79
▼
$119.81
50-Day Range
$117.79
▼
$126.59
52-Week Range
$104.09
▼
$129.70
Volume
850,083 shs
Average Volume
1.80 million shs
Market Capitalization
$43.01 billion
P/E Ratio
26.03
Dividend Yield
2.98%
Price Target
$123.00
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Paychex MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.82 Rating Score
Upside/​Downside
2.9% Upside
$123.00 Price Target
Short Interest
Healthy
3.47% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.76mentions of Paychex in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$1.87 M Sold Last Quarter
Proj. Earnings Growth
5.52%
From $4.71 to $4.97 Per Share

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.71 out of 5 stars

Business Services Sector

16th out of 305 stocks

Engineering, Accounting, Research, Management & Related Services Industry

2nd out of 2 stocks

See Top Rated MarketRank™ Stocks Here
PAYX stock logo

About Paychex Stock (NASDAQ:PAYX)

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, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company 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, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, 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, the company 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. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

PAYX Stock Price History

PAYX Stock News Headlines

April 2, 2024 | marketbeat.com
Buy the Dip in Paychex, Inc. for a Pay Check at Retirement
Paychex, Inc.'s NASDAQ: PAYX stock price is falling into a buying opportunity that retirement-oriented income investors should heed. The only trouble with the Q3 results and guidance is that they failed to exceed expectations, and the stock valuation was high.
April 2, 2024 | marketbeat.com
Buy the Dip in Paychex, Inc. for a Pay Check at Retirement
Paychex had a solid quarter, producing growth and wider margins, but failed to impress the market. The stock is down sharply, but investors should buy the dip.
April 19, 2024 | Timothy Sykes (Ad)
Urgent alert: open this for a huge profit potential
This groundbreaking technology that Tim calls “Inception” isn’t being talked about anywhere… not on Fox, Yahoo, or CNBC.
April 19, 2024 | gurufocus.com
Paychex: A Consistently High-Margin Business
April 19, 2024 | finance.yahoo.com
Q4 Rundown: BlackLine (NASDAQ:BL) Vs Other Finance and HR Software Stocks
April 19, 2024 | americanbankingnews.com
Q3 2026 Earnings Estimate for Paychex, Inc. (NASDAQ:PAYX) Issued By Zacks Research
April 18, 2024 | americanbankingnews.com
Paychex, Inc. Forecasted to Earn Q4 2024 Earnings of $1.10 Per Share (NASDAQ:PAYX)
April 14, 2024 | americanbankingnews.com
Paychex, Inc. (NASDAQ:PAYX) Receives Average Rating of "Reduce" from Analysts
April 19, 2024 | Timothy Sykes (Ad)
Urgent alert: open this for a huge profit potential
This groundbreaking technology that Tim calls “Inception” isn’t being talked about anywhere… not on Fox, Yahoo, or CNBC.
April 12, 2024 | finance.yahoo.com
Finance and HR Software Q4 Earnings: Marqeta (NASDAQ:MQ) Simply the Best
April 10, 2024 | investorplace.com
3 Growth Stocks That Could Soar 50% or More by Year’s End
April 10, 2024 | seekingalpha.com
Paychex: Scoop Up This Dividend Growth Stock Now
April 10, 2024 | investorplace.com
3 Growth Stocks That Could Soar 50% or More by Year's End
April 9, 2024 | businesswire.com
Paychex Recognized for Excellence in Health & Well-being by Business Group on Health
April 9, 2024 | finance.yahoo.com
Paychex (NASDAQ:PAYX) Might Become A Compounding Machine
April 3, 2024 | finance.yahoo.com
Paychex Third Quarter 2024 Earnings: Revenues Disappoint
April 3, 2024 | markets.businessinsider.com
Maintained Sell Rating on Paychex Amid Lower Revenue and Cautious Fiscal Outlook
April 3, 2024 | msn.com
PAYX Earnings: Paychex Plunges on Q3 Numbers
April 3, 2024 | markets.businessinsider.com
Maintaining Hold: Paychex’s Steady SMB Outlook and Resilient Margins
April 3, 2024 | finance.yahoo.com
Paychex, Inc. (NASDAQ:PAYX) Q3 2024 Earnings Call Transcript
April 3, 2024 | proactiveinvestors.com
Paychex's softer revenue outlook sparks share price caution - analyst
April 3, 2024 | businesswire.com
U.S. Small Business Job and Wage Growth Remain Steady
April 3, 2024 | markets.businessinsider.com
Maintaining Hold on Paychex Amid Revised Revenue Growth and Persistent Challenges
April 3, 2024 | finance.yahoo.com
Q3 2024 Paychex Inc Earnings Call
April 2, 2024 | msn.com
Behind The Numbers: Paychex Delivers 4% Sales Growth In Q3, Raises Eyebrows With Revised Outlook
April 2, 2024 | nasdaq.com
The Market Is Overreacting to Paychex's (PAYX) Earnings
April 2, 2024 | markets.businessinsider.com
Paychex Q3 Net Income Rises; Updates FY24 Guidance
See More Headlines
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Company Calendar

Ex-Dividend for 2/27 Dividend
2/12/2024
Dividend Payable
2/27/2024
Last Earnings
4/02/2024
Today
4/19/2024
Fiscal Year End
5/31/2024
Next Earnings (Estimated)
7/04/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Sector
Business Services
Industry
Engineering, accounting, research, management & related services
Sub-Industry
Data Processing & Outsourced Services
Current Symbol
NASDAQ:PAYX
CUSIP
70432610
CIK
723531
Web
www.paychex.com
Phone
(585) 385-6666
Fax
302-655-5049
Employees
16,600
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$123.00
High Stock Price Target
$130.00
Low Stock Price Target
$111.00
Potential Upside/Downside
+3.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.82
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.59
Trailing P/E Ratio
26.00
Forward P/E Ratio
25.34
P/E Growth
3.36
Net Income
$1.56 billion
Net Margins
31.86%
Pretax Margin
42.01%
Return on Equity
46.14%
Return on Assets
13.85%

Debt

Debt-to-Equity Ratio
0.21
Current Ratio
1.24
Quick Ratio
1.24

Sales & Book Value

Annual Sales
$5.01 billion
Price / Sales
8.58
Cash Flow
$5.45 per share
Price / Cash Flow
21.89
Book Value
$10.41 per share
Price / Book
11.46

Miscellaneous

Outstanding Shares
359,960,000
Free Float
318,567,000
Market Cap
$42.96 billion
Optionable
Optionable
Beta
0.93

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Should I Buy Paychex Stock? PAYX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Paychex, Inc.:

  • Paychex, Inc. provides integrated human capital management solutions for HR, payroll, benefits, and insurance services, catering to small to medium-sized businesses in the United States, Europe, and India.
  • The company offers a range of services including payroll processing, tax administration, employee payment services, and regulatory compliance services, ensuring comprehensive support for businesses.
  • Paychex, Inc. provides cloud-based HR administration software products for employee benefits management, time and attendance tracking, digital communication solutions, recruiting, and onboarding, enhancing operational efficiency for clients.
  • With a focus on retirement services administration, the company assists in plan implementation, compliance with regulations, online access for participants and employers, and other administrative services, ensuring a holistic approach to retirement planning.
  • Paychex, Inc. also offers insurance services covering property and casualty, health, dental, vision, and life, providing a one-stop solution for various insurance needs of businesses.

Cons

Investors should be bearish about investing in Paychex, Inc. for these reasons:

  • While Paychex, Inc. offers a comprehensive suite of services, the competitive landscape in the human capital management industry is intense, potentially impacting the company's market share and profitability.
  • Changes in regulatory environments, especially related to payroll processing and compliance services, could pose challenges for Paychex, Inc., affecting its operations and financial performance.
  • Market fluctuations and economic uncertainties may impact the demand for Paychex, Inc.'s services, leading to revenue volatility and potential pressure on the company's financial results.
  • Investors should consider the current stock price of Paychex, Inc. and evaluate whether it aligns with their investment objectives and risk tolerance, as market conditions can influence stock valuations.
  • External factors such as geopolitical events, economic downturns, or changes in industry trends could affect Paychex, Inc.'s business operations and financial stability, warranting a cautious approach to investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Paychex pros and cons to contact@marketbeat.com.

PAYX Stock Analysis - Frequently Asked Questions

Should I buy or sell Paychex stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paychex in the last twelve months. There are currently 2 sell ratings and 9 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" PAYX shares.
View PAYX analyst ratings or view top-rated stocks.

What is Paychex's stock price target for 2024?

11 Wall Street research analysts have issued twelve-month target prices for Paychex's shares. Their PAYX share price targets range from $111.00 to $130.00. On average, they expect the company's share price to reach $123.00 in the next twelve months. This suggests a possible upside of 2.9% from the stock's current price.
View analysts price targets for PAYX or view top-rated stocks among Wall Street analysts.

How have PAYX shares performed in 2024?

Paychex's stock was trading at $119.11 at the beginning of the year. Since then, PAYX shares have increased by 0.4% and is now trading at $119.57.
View the best growth stocks for 2024 here.

When is Paychex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 2024.
View our PAYX earnings forecast.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) released its quarterly earnings data on Tuesday, April, 2nd. The business services provider reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.01. The business services provider had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.46 billion. Paychex had a net margin of 31.86% and a trailing twelve-month return on equity of 46.14%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.29 EPS.
Read the conference call transcript.

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

Paychex announced a quarterly dividend on Thursday, January 18th. Shareholders of record on Tuesday, February 13th will be paid a dividend of $0.89 per share on Tuesday, February 27th. This represents a $3.56 annualized dividend and a yield of 2.98%. The ex-dividend date is Monday, February 12th.
Read our dividend analysis for PAYX.

Is Paychex a good dividend stock?

Paychex (NASDAQ:PAYX) pays an annual dividend of $3.56 per share and currently has a dividend yield of 2.99%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 77.56%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PAYX will have a dividend payout ratio of 71.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAYX.

What ETFs hold Paychex's stock?

ETFs with the largest weight of Paychex (NASDAQ:PAYX) stock in their portfolio include USCF Dividend Income Fund (UDI), SmartETFs Dividend Builder ETF (DIVS), First Trust Capital Strength ETF (FTCS), SEI Enhanced U.S. Large Cap Quality Factor ETF (SEIQ), Dividend Performers ETF (IPDP), First Trust NASDAQ 100 Ex-Technology Sector Index Fund (QQXT), VictoryShares Free Cash Flow ETF (VFLO) and Schwab US Dividend Equity ETF (SCHD).

How will Paychex's stock buyback program work?

Paychex declared that its board has authorized a stock buyback plan on Friday, January 19th 2024, which permits the company to repurchase $400,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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

Paychex issued an update on its FY 2024 earnings guidance on Tuesday, April, 2nd. The company provided earnings per share guidance of 4.700-4.740 for the period, compared to the consensus estimate of 4.710. The company issued revenue guidance of $5.3 billion-$5.3 billion, compared to the consensus revenue estimate of $5.3 billion.

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

975 employees have rated Paychex Chief Executive Officer Martin Mucci on Glassdoor.com. Martin Mucci has an approval rating of 90% among the company's employees.

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), Procter & Gamble (PG) and AbbVie (ABBV).

Who are Paychex's major shareholders?

Paychex's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Guinness Asset Management LTD (0.37%), Confluence Investment Management LLC (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.24%), Miller Howard Investments Inc. NY (0.16%), Welch Group LLC (0.11%) and Grimes & Company Inc. (0.05%). Insiders that own company stock include David J S Flaschen, David J S Flaschen, Efrain Rivera, John B Gibson, Joseph Doody, Joseph M Tucci, Joseph M Velli, Karen E Saunders-Mcclendon, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Robert L Schrader, Robert L Schrader, Stephanie L Schaeffer and Stephanie L Schaeffer.
View institutional ownership trends.

How do I buy shares of Paychex?

Shares of PAYX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Paychex have any subsidiaries?
The following companies are subsidiares of Paychex: Advance Partners, Advantage Payroll Services, DHR Services Holdings LLC, ESG Consulting II LLC, ESG Entities II LLC, ESG PEO LLC, ExpenseWire, Flock, Fortune Industries LLC, Gordian Capital Holdings LLC, HR Outsourcing, Icon Time Systems, InterPay, Lessor Group, Oasis AHR II LLC, Oasis AHR PL LLC, Oasis DHR LLC, Oasis Outsourcing, Oasis Outsourcing Acquisition Corporation, Oasis Outsourcing Contract III Inc., Oasis Outsourcing Holdings Inc., Oasis Outsourcing LLC, Oasis Outsourcing TX LLC, Oasis Outsourcing V LLC, Oasis Payroll Services Inc., Olsen Computer Systems, PXC Inc., Paychex Benefit Technologies, Paychex Holdings LLC, Paychex Insurance Agency Inc., Paychex Investment LLC, Paychex Management LLC, Paychex North America Inc., Paychex of New York LLC, Professional Staff Management Inc., SurePayroll, The Payroll Company, ePlan Services, myStaffingPro by HR Services, and nettime Solutions.
Read More
This page (NASDAQ:PAYX) was last updated on 4/19/2024 by MarketBeat.com Staff

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