Paychex/PAYX

$119.62

1.55%
-
1D1W1MYTD1YMAX

About Paychex

Paychex, Inc. is a provider of human capital management solutions for human resources (HR), payroll, benefits and insurance services for small-to-medium-sized businesses and their employees across the United States and parts of Europe. The Company offers a portfolio of HCM technology and HR advisory solutions that help its clients navigate the challenges of HR. Its clients have the option of doing payroll online using its software as a service (SaaS) technology, outsourcing to its payroll specialists, or using a combination of those solutions. Payroll is integrated with HCM software modules for clients who have more complex HR needs. It also provides comprehensive HR outsourcing through its administrative services organization and PEO solutions. The Company's HCM SaaS platform is Paychex Flex, which provides workforce management throughout the employee life cycle from recruiting and hiring to retirement, including recruiting, onboarding, HR, time and attendance and employee benefits.

Ticker

PAYX

Sector

Industrials

Trading on

NASDAQ

Industry

Business Services

CEO

Martin Mucci

Employees

16,600

Headquarters

Rochester, United States

Paychex Metrics

BasicAdvanced
$42.89B
Market cap
25.98
P/E ratio
$4.59
EPS
0.93
Beta
$3.56
Dividend rate
2.99%
Dividend yield
$42.89B
0.92789
$129.70
$104.09
1.85M
$3.56
1.236
21.31
21.812
85.67%
116.012
14.06%
46.47%
34.36%
25.981
8.227
11.446
25.837
70.167
2.73%
2.99%
2.99%
5.91%
10.57%
7.41%
12.22%
9.54%

What the Analysts think about Paychex

Analyst Ratings

Majority rating from 20 analysts.
Hold

Price Targets

Average projection from 15 analysts.
1.25% upside
High $130.00
Low $111.00
$119.62
Current price
$121.11
Average price target

Paychex Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
34.64% profit margin
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$1.44B
14.42%
Net income
$498.6M
26.97%
Profit margin
34.64%
10.99%

Paychex Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 0.86%
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$0.97
$1.14
$1.08
$1.38
-
Expected
$0.97
$1.12
$1.07
$1.37
$1.10
Surprise
-0.07%
1.6%
0.6%
0.86%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for Paychex stock?

Paychex (PAYX) has a market cap of $42.89B as of April 20, 2024.

What is the P/E ratio for Paychex stock?

The price to earnings (P/E) ratio for Paychex (PAYX) stock is 25.98 as of April 20, 2024.

Does Paychex stock pay dividends?

Yes, the Paychex (PAYX) stock pays dividends to shareholders. As of April 20, 2024, the dividend rate is $3.56 and the yield is 2.99%. Paychex has a payout ratio of 85.67% on a trailing twelve-month basis.

When is the next Paychex dividend payment date?

The next Paychex (PAYX) dividend payment date is unconfirmed.

What is the beta indicator for Paychex?

Paychex (PAYX) has a beta rating of 0.93. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Paychex stock price target?

The target price for Paychex (PAYX) stock is $121.11, which is 1.33% above the current price of $119.52. This is an average based on projections from 15 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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