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Paychex (PAYX) Stock Price, News & Analysis

$138.89
-0.40 (-0.29%)
(As of 10/11/2024 ET)

About Paychex Stock (NASDAQ:PAYX)

Key Stats

Today's Range
$138.77
$140.08
50-Day Range
$123.22
$140.79
52-Week Range
$106.27
$142.04
Volume
1.50 million shs
Average Volume
1.82 million shs
Market Capitalization
$49.99 billion
P/E Ratio
29.61
Dividend Yield
2.82%
Price Target
$130.77
Consensus Rating
Reduce

Company Overview

Paychex, Inc., together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), 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 integrated HCM technology solutions and HR advisory services through both virtual and on-site availability of a professionally trained HR representative, as well as HR support to non-payroll clients through its HR Partner Plus solution; and retirement services administration, such as 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.

Paychex Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
93rd Percentile Overall Score

PAYX MarketRank™: 

Paychex scored higher than 93% of companies evaluated by MarketBeat, and ranked 37th out of 352 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Paychex has received a consensus rating of Reduce. The company's average rating score is 1.85, and is based on no buy ratings, 11 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Paychex has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Paychex's stock forecast and price target.
  • Earnings Growth

    Earnings for Paychex are expected to grow by 6.63% in the coming year, from $4.98 to $5.31 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Paychex is 29.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.74.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Paychex is 29.61, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 39.40.

  • Price to Earnings Growth Ratio

    Paychex has a PEG Ratio of 3.73. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Paychex has a P/B Ratio of 12.98. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Paychex's valuation and earnings.
  • Percentage of Shares Shorted

    6.06% of the float of Paychex has been sold short.
  • Short Interest Ratio / Days to Cover

    Paychex has a short interest ratio ("days to cover") of 10.9, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Paychex has recently decreased by 5.16%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Paychex pays a meaningful dividend of 2.80%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Paychex has been increasing its dividend for 14 years.

  • Dividend Coverage

    The dividend payout ratio of Paychex is 83.58%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Paychex will have a dividend payout ratio of 73.82% next year. This indicates that Paychex will be able to sustain or increase its dividend.

  • Read more about Paychex's dividend.
  • Percentage of Shares Shorted

    6.06% of the float of Paychex has been sold short.
  • Short Interest Ratio / Days to Cover

    Paychex has a short interest ratio ("days to cover") of 10.9, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Paychex has recently decreased by 5.16%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Paychex has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 25 news articles for Paychex this week, compared to 11 articles on an average week.
  • Search Interest

    11 people have searched for PAYX on MarketBeat in the last 30 days. This is an increase of 57% compared to the previous 30 days.
  • MarketBeat Follows

    10 people have added Paychex to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Paychex insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,360,630.00 in company stock.

  • Percentage Held by Insiders

    11.40% of the stock of Paychex is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    83.47% of the stock of Paychex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Paychex's insider trading history.

PAYX Stock News Headlines

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Paychex, Inc. (NASDAQ:PAYX) Plans Quarterly Dividend of $0.98
Analysts Set Paychex, Inc. (NASDAQ:PAYX) Price Target at $130.77
Paychex, Inc. (NASDAQ:PAYX) VP Sells 14,731 Shares of Stock
See More Headlines

PAYX Stock Analysis - Frequently Asked Questions

Paychex's stock was trading at $119.11 at the beginning of 2024. Since then, PAYX stock has increased by 16.6% and is now trading at $138.89.
View the best growth stocks for 2024 here
.

Paychex, Inc. (NASDAQ:PAYX) announced its quarterly earnings data on Tuesday, October, 1st. The business services provider reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year.
Read the conference call transcript
.

Paychex's Board of Directors authorized a stock buyback plan on Friday, January 19th 2024, which permits the company to buy back $400,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 0.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

Paychex subsidiaries include Flock, Oasis Outsourcing, Lessor Group, HR Outsourcing, Advance Partners, nettime Solutions, myStaffingPro by HR Services, and more.

Top institutional investors of Paychex include Guinness Asset Management LTD (0.44%), Willis Investment Counsel (0.09%), Sanibel Captiva Trust Company Inc. (0.05%) and SG Americas Securities LLC (0.03%). Insiders that own company stock include Martin Mucci, Efrain Rivera, Mark Anthony Bottini, Stephanie L Schaeffer, Joseph M Velli, John B Gibson, Joseph M Tucci, Michael E Gioja, Robert L Schrader, David J S Flaschen and Karen E Saunders-Mcclendon.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Paychex investors own include Verizon Communications (VZ), American Water Works (AWK), NVIDIA (NVDA), Humana (HUM), Meta Platforms (META), Tesla (TSLA) and JPMorgan Chase & Co. (JPM).

Company Calendar

Ex-Dividend for 8/29 Dividend
8/08/2024
Dividend Payable
8/29/2024
Last Earnings
10/01/2024
Today
10/11/2024
Ex-Dividend for 11/27 Dividend
11/07/2024
Dividend Payable
11/27/2024
Next Earnings (Estimated)
12/19/2024
Fiscal Year End
5/31/2025

Industry, Sector and Symbol

Industry
Engineering, accounting, research, management & related services
Sub-Industry
Data Processing & Outsourced Services
Current Symbol
NASDAQ:PAYX
CUSIP
70432610
Employees
16,500
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$130.77
High Stock Price Target
$148.00
Low Stock Price Target
$113.00
Potential Upside/Downside
-5.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.85
Research Coverage
13 Analysts

Profitability

Net Income
$1.69 billion
Pretax Margin
41.92%

Debt

Sales & Book Value

Annual Sales
$5.28 billion
Cash Flow
$5.83 per share
Book Value
$10.70 per share

Miscellaneous

Free Float
318,870,000
Market Cap
$50.03 billion
Optionable
Optionable
Beta
1.00

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This page (NASDAQ:PAYX) was last updated on 10/11/2024 by MarketBeat.com Staff
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