Paychex, Inc. (PAYX)

NASDAQ: PAYX · IEX Real-Time Price · USD
114.34
+0.80 (0.70%)
Mar 31, 2023, 11:22 AM EDT - Market open
0.7%
Market Cap 43.90B
Revenue (ttm) 4.92B
Net Income (ttm) 1.50B
Shares Out 383.78M
EPS (ttm) 4.15
PE Ratio 27.36
Forward PE 29.76
Dividend $3.16 (2.76%)
Ex-Dividend Date Feb 8, 2023
Volume 470,746
Open 114.37
Previous Close 113.54
Day's Range 113.83 - 114.56
52-Week Range 105.66 - 141.92
Beta 0.98
Analysts Hold
Price Target 123.07 (+7.64%)
Earnings Date Mar 29, 2023

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]

Sector Industrials
Founded 1979
Employees 16,000
Stock Exchange NASDAQ
Ticker Symbol PAYX
Full Company Profile

Financial Performance

In 2022, Paychex's revenue was $4.61 billion, an increase of 13.68% compared to the previous year's $4.06 billion. Earnings were $1.39 billion, an increase of 26.91%.

Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for PAYX stock is "Hold." The 12-month stock price forecast is $123.07, which is an increase of 7.64% from the latest price.

Price Target
$123.07
(7.64% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Put High-Yield Paychex, Inc. On Your Watchlist

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

4 hours ago - MarketBeat

Paychex (PAYX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Paychex (PAYX) give a sense of how its business performed in the quarter ended February 2023, it might be worth considering how some key metrics compare with Wall Stre...

1 day ago - Zacks Investment Research

Paychex (PAYX) Q3 Earnings & Revenues Beat, Adjusts FY23 View

Paychex's (PAYX) third-quarter fiscal 2023 earnings and revenues increase year over year.

1 day ago - Zacks Investment Research

Paychex Named Among FORTUNE's Most Innovative Companies

Paychex has been recognized for continued innovation as an HR technology leader ROCHESTER, N.Y. , March 29, 2023 /PRNewswire/ -- Paychex, Inc. , a leading provider of integrated human capital manageme...

1 day ago - PRNewsWire

Paychex (PAYX) Beats Q3 Earnings and Revenue Estimates

Paychex (PAYX) delivered earnings and revenue surprises of 4.03% and 1.48%, respectively, for the quarter ended February 2023. Do the numbers hold clues to what lies ahead for the stock?

1 day ago - Zacks Investment Research

Paychex stock powers up after profit and revenue rise above expectations, amid ‘remarkable resiliency' of small businesses

Shares of Paychex Inc. PAYX powered up 4.2% in premarket trading Wednesday, after the human resources outsourcing services company reported fiscal third-quarter earnings that beat expectations and lif...

2 days ago - Market Watch

Paychex, Inc. Reports Third Quarter Results: Strong Revenue and Earnings Growth

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc.

2 days ago - Business Wire

3 Stocks to Watch From the Promising Outsourcing Space

Increased dependency on technology and accelerated adoption of cloud infrastructure should help the Zacks Outsourcing industry thrive. ADP, PAYX and G are well-positioned to witness a demand surge.

Other symbols: ADPG
3 days ago - Zacks Investment Research

What are the Expectations From Paychex's (PAYX) Q3 Earnings?

Paychex (PAYX) is poised for a better-than-expected earnings performance with improved segment results.

1 week ago - Zacks Investment Research

Why Earnings Season Could Be Great for Paychex (PAYX)

Paychex (PAYX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

1 week ago - Zacks Investment Research

Paychex Charitable Foundation to Donate $1 Million to Mental Health America

This is the first of four major investments committed by Paychex to support workers of U.S. businesses   ROCHESTER, N.Y. , March 22, 2023 /PRNewswire/ --  Paychex, Inc. , a leading provider of integra...

1 week ago - PRNewsWire

Paychex (PAYX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Paychex (PAYX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 week ago - Zacks Investment Research

CGEMY or PAYX: Which Is the Better Value Stock Right Now?

CGEMY vs. PAYX: Which Stock Is the Better Value Option?

1 week ago - Zacks Investment Research

Will Paychex (PAYX) Beat Estimates Again in Its Next Earnings Report?

Paychex (PAYX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

1 week ago - Zacks Investment Research

Why Investors Need to Take Advantage of These 2 Business Services Stocks Now

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

Other symbols: GPN
2 weeks ago - Zacks Investment Research

Paychex, Inc. Schedules Third Quarter Fiscal 2023 Earnings Conference Call for March 29, 2023

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2023 third quarter ended February 28, 2023. Paychex will deliver results via Business Wire ...

2 weeks ago - Business Wire

Paychex Named One of The World's Most Ethical Companies by Ethisphere for the 15th Time

Recognition honors companies demonstrating business integrity through best-in-class ethics, compliance, and governance practices ROCHESTER, N.Y. , March 13, 2023 /PRNewswire/ -- Paychex, Inc., a leadi...

2 weeks ago - PRNewsWire

Small Business Job Growth Improved for the Second Consecutive Month While Wage Inflation Continues to Cool

Paychex index data also shows weekly earnings growth hit a new record as small business employees work more hours per week to increase their paychecks ROCHESTER, N.Y. , March 7, 2023 /PRNewswire/ -- T...

3 weeks ago - PRNewsWire

Paychex Wins 2023 Stevie Award for ERTC Service

The company helps businesses impacted by the COVID-19 pandemic receive access to government funding ROCHESTER, N.Y. , March 6, 2023 /PRNewswire/ -- Paychex, Inc. , a leading provider of integrated hum...

3 weeks ago - PRNewsWire

Here's Why Investors Should Retain Paychex (PAYX) Stock

Paychex's (PAYX) top line is benefiting from a solid business model, diversified products and services, and strategic acquisitions.

1 month ago - Zacks Investment Research

Paychex Retention Insights Named Top New Product by Accounting Today

The company's predictive analytics technology was recognized for its innovation and impact on retaining top talent ROCHESTER, N.Y. , Feb. 22, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of ...

1 month ago - PRNewsWire

CGEMY vs. PAYX: Which Stock Is the Better Value Option?

CGEMY vs. PAYX: Which Stock Is the Better Value Option?

1 month ago - Zacks Investment Research

Paychex Ranks Fifth on List of World's Best Training Organizations

ROCHESTER, N.Y. , Feb. 15, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance servic...

1 month ago - PRNewsWire

Paychex Named Among FORTUNE's Most Admired Companies in 2023

ROCHESTER, N.Y. , Feb. 1, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance service...

2 months ago - PRNewsWire

Paychex CEO: This is the sixth consecutive month of wage inflation decline

Paychex CEO John Gibson joins 'Squawk Box' to discuss his vantage point view of the employment picture, the employment industry breakdown, and more.

2 months ago - CNBC Television