Paychex, Inc. (PAYX)
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]
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 StatementsAnalyst 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.
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.

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...

Paychex (PAYX) Q3 Earnings & Revenues Beat, Adjusts FY23 View
Paychex's (PAYX) third-quarter fiscal 2023 earnings and revenues increase year over year.

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...

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?

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...

Paychex, Inc. Reports Third Quarter Results: Strong Revenue and Earnings Growth
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc.

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.

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.

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.

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...

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.

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

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.

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.

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 ...

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...

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...

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...

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.

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 ...

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

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...

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...
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.