Paychex, Inc. (PAYX)
| Market Cap | 42.61B |
| Revenue (ttm) | 5.21B |
| Net Income (ttm) | 1.66B |
| Shares Out | 359.96M |
| EPS (ttm) | 4.59 |
| PE Ratio | 25.79 |
| Forward PE | 24.13 |
| Dividend | $3.92 (3.31%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 1,665,471 |
| Open | 116.77 |
| Previous Close | 117.00 |
| Day's Range | 116.23 - 118.43 |
| 52-Week Range | 106.27 - 129.70 |
| Beta | 0.96 |
| Analysts | Hold |
| Price Target | 121.43 (+2.58%) |
| Earnings Date | Jun 26, 2024 |
About 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 outs... [Read more]
Financial Performance
In 2023, Paychex's revenue was $5.01 billion, an increase of 8.57% compared to the previous year's $4.61 billion. Earnings were $1.56 billion, an increase of 11.81%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for PAYX stock is "Hold." The 12-month stock price forecast is $121.43, which is an increase of 2.58% from the latest price.
News
Job Gains in U.S. Small Businesses Continue in June
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex Small Business Employment Watch, U.S. employers with fewer than 50 employees continued to add jobs in June, thoug...
Paychex Posts Solid Earnings and Sales. The Stock Is Wavering.
The payroll services company reports better-than-expected quarterly earnings and sales.
Paychex, Inc. Reports Fourth Quarter and Full Year 2024 Results
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the fiscal quarter ended May 31, 2024 (the "fourth quarter") ...
What To Expect From Paychex Q4 Results
Payroll and HR solutions player Paychex is expected to publish its Q4 FY'24 results on June 26, reporting on a period that saw the U.S. job market remain relatively buoyant. We expect earnings for the...
Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks With Over 3% Dividend Yields
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash ...
Paychex, Inc. Schedules Fourth Quarter Fiscal 2024 Earnings Conference Call for June 26, 2024
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 fourth quarter and full-year ended May 31, 2024. Paychex will deliver results via Busi...
U.S. Small Business Job Growth Shows Positive Gains, While Wage Inflation Decelerates
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex Small Business Employment Watch, the Small Business Jobs Index rose 0.46 percentage points to 100.58 in May, the ...
Paychex CEO John Gibson: Seeing downward pressure on wages among small businesses
Paychex CEO John Gibson joins ‘Squawk Box' to discuss the latest data from Paychex's Small Business Jobs Index.
Paychex Stock Underperforms Amid Economic Uncertainty. Can It Recover To Over $140?
Paychex stock currently trades at $118 per share, around 16% below its level of $141 seen on April 6, 2022 (pre-inflation shock high), and has the potential for gains. In comparison, the company's pee...
Paychex Declares a 10% Increase to Quarterly Cash Dividend
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX), a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services,...
Hourly Earnings Growth for U.S. Small Business Workers Increases and Job Growth Slows Amid Tight Job Market
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #EmploymentTrends--According to the Paychex Small Business Employment Watch, hourly earnings growth increased slightly to 3.34%, ending a nearly two-year tre...
Paychex Recognized for Excellence in Health & Well-being by Business Group on Health
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, h...
U.S. Small Business Job and Wage Growth Remain Steady
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #EmploymentTrends--According to the Paychex Small Business Employment Watch, the Small Business Jobs Index grew 0.18 percentage points in March to 100.85 – t...
Cramer's Stop Trading: Paychex
CNBC's Jim Cramer delivers his daily Mad Dash.
Paychex Stock Falls After Revenue Misses Estimates
Paychex posts fiscal third-quarter revenue of $1.44 billion, missing analysts' estimates of $1.46 billion.
Paychex's stock sinks after revenue miss, lowered full-year growth outlook
Shares of Paychex Inc. PAYX, -0.96% sank 8.3% toward a five-month low in premarket trading Tuesday, after the human resources outsourcing company reported fiscal third-quarter revenue expectations and...
Paychex, Inc. Reports Third Quarter Results: Sustained Growth in Revenue and Earnings
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the fiscal quarter ended February 29, 2024 (the "third quarte...
BetterInvesting™ Magazine Update on Paychex Inc. and Pfizer Inc.
TROY, Mich. , March 28, 2024 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Paychex Inc. (NYSE: PAYX) as its "Stock to Study" and Pf...
Paychex Named Among FORTUNE's Most Innovative Companies
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, h...
Paychex, Inc. Reschedules Release of Third Quarter Fiscal 2024 Earnings Results and Conference Call
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) today announced that it has changed the date for its previously announced earnings conference call due to a scheduling conflict. The comp...
Paychex, Inc. Schedules Third Quarter Fiscal 2024 Earnings Conference Call for March 27, 2024
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 third quarter ended February 29, 2024. Paychex will deliver results via Business Wire ...
Paychex Names Beaumont Vance as Senior Vice President of Data, Analytics, and AI
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and ...
U.S. Small Businesses Continue to Show Moderate Job Growth and Wage Inflation Continues to Moderate
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #EmploymentTrends--According to the Paychex Small Business Employment Watch, year-over-year hourly earnings growth for U.S. workers moderated to 3.42% in Feb...
Paychex Named One of The World's Most Ethical Companies® by Ethisphere for 16th Time
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, h...
Paychex Ranks Fourth on List of World's Top Training Organizations
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, h...