Paychex, Inc. (PAYX)

NASDAQ: PAYX · IEX Real-Time Price · USD
122.68
-1.56 (-1.26%)
At close: Jul 19, 2024, 4:00 PM
124.47
+1.79 (1.46%)
After-hours: Jul 19, 2024, 6:43 PM EDT
-1.26%
Market Cap 44.18B
Revenue (ttm) 5.28B
Net Income (ttm) 1.69B
Shares Out 360.13M
EPS (ttm) 4.67
PE Ratio 26.27
Forward PE 24.55
Dividend $3.92 (3.20%)
Ex-Dividend Date Aug 8, 2024
Volume 1,734,940
Open 124.48
Previous Close 124.24
Day's Range 122.31 - 124.89
52-Week Range 106.27 - 129.70
Beta 0.99
Analysts Hold
Price Target 122.46 (-0.18%)
Earnings Date Jun 26, 2024

About PAYX

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 ... [Read more]

Sector Industrials
Founded 1979
Employees 16,600
Stock Exchange NASDAQ
Ticker Symbol PAYX
Full Company Profile

Financial Performance

In 2024, Paychex's revenue was $5.28 billion, an increase of 5.42% compared to the previous year's $5.01 billion. Earnings were $1.69 billion, an increase of 8.55%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for PAYX stock is "Hold." The 12-month stock price forecast is $122.46, which is a decrease of -0.18% from the latest price.

Price Target
$122.46
(-0.18% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Paychex Named to Selling Power's 2024 “60 Best Companies to Sell For” List

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...

3 days ago - Business Wire

Wall Street's Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-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 ...

Other symbols: KMTSWK
4 days ago - Benzinga

Can Paychex Stock Overcome A Mixed Economy To Hit $140 Again?

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...

4 days ago - Forbes

Paychex Declares Quarterly Dividend

ROCHESTER, N.Y.--(BUSINESS WIRE)--Today the Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend of $0.98 per share payable on August 29, 2024 to shareholders of record as of...

10 days ago - Business Wire

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...

18 days ago - Business Wire

Paychex Posts Solid Earnings and Sales. The Stock Is Wavering.

The payroll services company reports better-than-expected quarterly earnings and sales.

24 days ago - Barrons

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") ...

24 days ago - Business Wire

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...

25 days ago - Forbes

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 ...

Other symbols: KMTRHI
5 weeks ago - Benzinga

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...

5 weeks ago - Business Wire

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 ...

6 weeks ago - Business Wire

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.

6 weeks ago - CNBC Television

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...

7 weeks ago - Forbes

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,...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

3 months ago - Business Wire

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...

3 months ago - Business Wire

Cramer's Stop Trading: Paychex

CNBC's Jim Cramer delivers his daily Mad Dash.

3 months ago - CNBC Television

Paychex Stock Falls After Revenue Misses Estimates

Paychex posts fiscal third-quarter revenue of $1.44 billion, missing analysts' estimates of $1.46 billion.

3 months ago - Barrons

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...

3 months ago - Market Watch

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...

3 months ago - Business Wire

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...

Other symbols: PFE
4 months ago - PRNewsWire

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...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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 ...

4 months ago - Business Wire