Paychex, Inc. (PAYX)
| Market Cap | 45.08B |
| Revenue (ttm) | 5.21B |
| Net Income (ttm) | 1.66B |
| Shares Out | 359.96M |
| EPS (ttm) | 4.59 |
| PE Ratio | 27.33 |
| Forward PE | 25.55 |
| Dividend | $3.92 (3.13%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 47,403 |
| Open | 125.80 |
| Previous Close | 125.65 |
| Day's Range | 124.87 - 125.80 |
| 52-Week Range | 104.09 - 129.70 |
| Beta | 0.93 |
| Analysts | Hold |
| Price Target | 121.33 (-2.99%) |
| Earnings Date | Jun 27, 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 15 analysts, the average rating for PAYX stock is "Hold." The 12-month stock price forecast is $121.33, which is a decrease of -2.99% from the latest price.
News
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...
Job Gains Continue Among U.S. Small Businesses to Start 2024
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex Small Business Employment Watch, January marks the 34th consecutive month of job growth for U.S. small businesses...
Paychex Declares Quarterly Dividend and Authorizes $400 Million Stock Repurchase
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, t...
Paychex Wins 2024 BIG Innovation Award
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, w...
Paychex Earns Top Awards In 6 Categories from Sapient Insights Group
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 Growth Continues as Wage Inflation Moderates to Close 2023
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #labormarket--U.S. small businesses experienced job growth for all of 2023 and extended a cycle of consistent job growth for 33-straight months, according to...
Paychex's Revenue Was Hurt as Businesses Face High Costs and Tight Labor Market
Paychex (PAYX) was Thursday's worst-performing stock in the S&P 500 after the payroll services provider missed revenue estimates, with demand squeezed by macroeconomic conditions.
Job market is softening and bankruptcies are rising, Paychex CEO says
That comment, made by Paychex Inc. Chief Executive John Gibson during a conference call with Wall Street analysts on Thursday, came after the Rochester, N.Y.-based human-resources-services company rep...
Paychex's quarterly revenue growth slows on weak client spending
Dec 21 (Reuters) - Payroll services provider Paychex (PAYX.O) reported its slowest rise in quarterly revenue in over two years on Thursday, hurt by tepid spending by businesses and a slower pace of hi...