Paychex, Inc. (PAYX)
| Market Cap | 42.86B |
| Revenue (ttm) | 5.15B |
| Net Income (ttm) | 1.63B |
| Shares Out | 359.82M |
| EPS (ttm) | 4.50 |
| PE Ratio | 26.47 |
| Forward PE | 24.51 |
| Dividend | $3.56 (2.99%) |
| Ex-Dividend Date | Nov 13, 2023 |
| Volume | 1,241,833 |
| Open | 119.13 |
| Previous Close | 119.50 |
| Day's Range | 118.33 - 119.55 |
| 52-Week Range | 104.09 - 129.70 |
| Beta | 0.97 |
| Analysts | Hold |
| Price Target | 121.36 (+1.89%) |
| Earnings Date | Dec 21, 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 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 14 analysts, the average rating for PAYX stock is "Hold." The 12-month stock price forecast is $121.36, which is an increase of 1.89% from the latest price.
News
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...
Paychex Stock Is Worst S&P 500 Performer After Mixed Earnings Report
Shares of the payroll services company are on track for their worst day in more than three years.
Paychex's stock falls after profit tops views but revenue comes up shy amid cost and labor challenges
Shares of Paychex Inc. PAYX, -0.72% shed 2% in premarket trading Thursday, after the human resources services company beat fiscal second-quarter profit expectations but came up a bit short on revenue,...
Paychex, Inc. Reports Second Quarter and Mid-year Fiscal 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 November 30, 2023 (the "second quart...
Earnings Exchange: Paychex, CarMax & Carnival
Jeff Kilburg, KKM Financial founder and CEO, joins 'The Exchange' to discuss Paychex, CarMax, and Carnival.
Paychex, Inc. Schedules Second Quarter Fiscal 2024 Earnings Conference Call for December 21, 2023
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 second quarter ended November 30, 2023. Paychex will deliver results via Business Wire...
Paychex Identifies Top 5 Regulatory Issues for Employers to Watch in 2024
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...
Wage Growth for Workers of U.S. Small Businesses Continues Downward Trend; Job Growth Remains Stable
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #labormarket--The rate of hourly earnings growth for workers at U.S. small businesses has slowed 17 of the past 18 months to 3.48% in November, falling below...
Paychex Study: SMB Leaders to Manage HR and Business Challenges with New Technology in 2024
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 Named a Leader in Payroll Services by NelsonHall
ROCHESTER, N.Y.--(BUSINESS WIRE)--NelsonHall, a global analyst and research firm, has once again identified Paychex, Inc., a leading provider of integrated human capital management software solutions ...
3 payroll companies get clocked, but 1 looks cheap
Payroll companies alleviate the complexities of processing payrolls. They withhold taxes, apply payments to various government agencies, track employee hours, track benefits, comply with regulations, ...
Small Business Wage Growth Continues Downward Trend, While Job Growth Remains Stable
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex | IHS Markit Small Business Employment Watch, job growth across the U.S. remains moderate but is growing at a slo...
Paychex CEO John Gibson: Seeing moderation in both job and wage growth among small businesses
Paychex CEO John Gibson joins 'Squawk Box' to discuss the latest data from Paychex's Small Business Jobs Index.
Paychex Declares Quarterly Dividend
ROCHESTER, N.Y.--(BUSINESS WIRE)--Today the Board of Directors of Paychex, Inc. (NASDAQ:PAYX) declared a regular quarterly dividend of $.89 per share payable November 28, 2023 to shareholders of recor...
Hourly Wage Growth for Small Business Workers Continues to Cool, Consistent with Overall Inflation Trend
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex | IHS Markit Small Business Employment Watch, hourly earnings growth has slowed to 3.79% in September 2023, a pac...
Paychex's stock rallies after profit beats expectations, full-year outlook nudged higher
Shares of Paychex Inc. jumped 3.8% in premarket trading Wednesday, after the human resources services company reported fiscal first-quarter profit and revenue that rose above expectations, and nudged ...
Paychex, Inc. Reports First Quarter Fiscal 2024 Results:
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the quarter ended August 31, 2023 (the "first quarter"), as c...
Cramer's week ahead: Earnings from Costco, Paychex and Accenture
CNBC's Jim Cramer on Friday told investors what to look out for in the week ahead.
Can Paychex Stock Recover To Its Pre-Inflation Shock Highs?
Paychex saw its stock trading at around $114 at the end of June 2022, just before the Fed started increasing rates, and remains marginally up from these levels.
Paychex Releases 2023 Environmental, Social, and Governance (ESG) Report
ROCHESTER, N.Y.--(BUSINESS WIRE)--Today, Paychex, Inc. announced the release of its 2023 Environmental, Social, and Governance (ESG) Report. The report details the actions the company, a leading provi...
Paychex, Inc. Schedules First Quarter Fiscal 2024 Earnings Conference Call for September 27, 2023
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 first quarter ended August 31, 2023. Paychex will deliver results via Business Wire be...
Paychex Announces Efrain Rivera Plans to Retire as CFO
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, announced ...