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Paychex (PAYX)
NASDAQ:PAYX
Paychex (PAYX) Stock Price & Analysis
1,245 Followers
PAYX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$100.98 - $127.68
Previous Close$124.77
Volume1.37M
Average Volume (3M)1.79M
Market Cap
$44.48B
Enterprise Value$44.09B
Total Cash (Recent Filing)$1.69B
Total Debt (Recent Filing)$868.80M
Price to Earnings (P/E)27.2
Beta1.04
Next Earnings
Jun 26, 2024EPS Estimate
$1.1Last Dividend Ex-Date
May 09, 2024Dividend Yield2.85%
Share Statistics
EPS (TTM)4.58
Shares Outstanding359,963,341
10 Day Avg. Volume1,341,056
30 Day Avg. Volume1,793,499
Standard Deviation0.07
R-Squared0.54
Alpha0.00056
Financial Highlights & Ratios
Price to Book (P/B)26.58
Price to Sales (P/S)30.65
Price to Cash Flow (P/CF)16.40
P/FCF Ratio17.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.40
Enterprise Value/Gross Profit12.40
Enterprise Value/Ebitda15.84
Forecast
1Y Price Target
$120.90Price Target Upside-2.15% Downside
Rating ConsensusHold
Number of Analyst Covering11
Paychex News
PremiumMarket News
QQQ ETF Update, 5/14/2024 
PremiumMarket News
QQQ ETF Update, 5/10/2024 
PremiumMarket News
QQQ ETF Update, 5/8/2024 
PremiumMarket News
QQQ ETF Update, 4/26/2024 
PremiumMarket News
QQQ ETF Update, 4/24/2024
PremiumMarket News
QQQ ETF Update, 4/23/2024 
PremiumMarket News
QQQ ETF Update, 4/17/2024 
PremiumMarket News
QQQ ETF Update, 4/15/2024 Bulls Say, Bears Say
Bulls Say
Financial PerformanceExcluding ERTC, there was modest acceleration in total revenue growth and margins continue to expand due to digitization efforts.
Market ValuationPAYX is trading at the smallest absolute premium to the SPX NTM P/E multiple in roughly two decades, indicating a potentially attractive valuation relative to historical averages.
Strategic DevelopmentsManagement is doing an excellent job driving productivity through digitization/AI, which is enhancing the company's operational efficiency and profitability.
Bears Say
Guidance And GrowthPAYX has revised their future revenue forecasts downward, signaling a potential slowdown in growth that could disappoint investors.
Legislative ImpactBipartisan legislation that would end the ERTC program could significantly reduce future revenue streams for PAYX.
Revenue And EarningsAnalyst maintains UNDERPERFORM rating with a lower price objective, indicating skepticism towards the stock's future performance.
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Ownership Overview
12.00% Insiders
39.30% Mutual Funds
32.77% Other Institutional Investors
15.92% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
The estimated number of people who visited one or more of the websites owned by Paychex
Desktop Users
Mobile Users
PAYX FAQ
What was Paychex’s price range in the past 12 months?
Paychex lowest stock price was $100.98 and its highest was $127.68 in the past 12 months.
What is Paychex’s market cap?
Currently, no data Available
When is Paychex’s upcoming earnings report date?
Paychex’s upcoming earnings report date is Jun 26, 2024 which is in 43 days.
How were Paychex’s earnings last quarter?
Paychex released its earnings results on Apr 02, 2024. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.375 by $0.005.
Is Paychex overvalued?
According to Wall Street analysts Paychex’s price is currently Overvalued.
Does Paychex pay dividends?
Paychex pays a Quarterly dividend of $0.98 which represents an annual dividend yield of 2.85%. See more information on Paychex dividends here
What is Paychex’s EPS estimate?
Paychex’s EPS estimate is $1.1.
How many shares outstanding does Paychex have?
Paychex has 359,963,350 shares outstanding.
What happened to Paychex’s price movement after its last earnings report?
Paychex reported an EPS of $1.38 in its last earnings report, beating expectations of $1.375. Following the earnings report the stock price went up 0.373%.
Which hedge fund is a major shareholder of Paychex?
Among the largest hedge funds holding Paychex’s share is Auxier Asset Management. It holds Paychex’s shares valued at 5M.
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Paychex Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$120.90 (-2.15% Downside)
$120.90 (-2.15% Downside)
Blogger Sentiment
Bullish
PAYX Sentiment 93%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 71.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $80.9K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days <0.1%
Last 30 Days ▲ 3.0%
Last 30 Days ▲ 3.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.32%
12-Months-Change
Fundamentals
Return on Equity
46.47%
Trailing 12-Months
Asset Growth
22.83%
Trailing 12-Months
Company Description
Paychex
Paychex, Inc. is one of the leading providers of integrated human capital management solutions in the United States and Europe. The company offers human resource, payroll, retirement, and insurance services for organizations of any size, from startup to enterprise.
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PAYX Company Deck
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PAYX Earnings Call
Q3 2024
0:00 / 0:00
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PAYX Revenue Breakdown
74.50% Management Solutions
23.50% PEO and Insurance Solutions
1.99% Interest on funds held for clients
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PAYX Stock 12 Month Forecast
Average Price Target
$120.90
▼(-2.15% Downside)
Technical Analysis
Best Analysts Covering PAYX
1 Year
1 Year Success Rate
4/18 ratings generated profit
1 Year Average Return
-7.66%
reiterated a sell rating last month
Copying Jason Kupferberg's trades and holding each position for 1 Year would result in 22.22% of your transactions generating a profit, with an average return of -7.66% per trade.
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