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Paychex Inc (PAYX)

NASDAQ
Currency in USD
144.49
-0.96(-0.66%)
Closed
After Hours
145.00+0.51(+0.35%)
PAYX Scorecard
Full Analysis
Holds more cash than debt on its balance sheet
Earnings results expected in 14 days
Fair Value
Day's Range
144.00145.74
52 wk Range
114.72150.71
Key Statistics
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Prev. Close
145.45
Open
145.59
Day's Range
144-145.74
52 wk Range
114.72-150.71
Volume
1.45M
Average Volume (3m)
1.6M
1-Year Change
16.36%
Book Value / Share
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Fair Value
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Fair Value Upside
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PAYX Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
134.20
Downside
-7.12%
Members' Sentiments
Bearish
Bullish
ProTips
Has raised its dividend for 11 consecutive years
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Paychex Inc Company Profile

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 services through both virtual and on-site availability of a professionally trained HR representative, as well as HR support to non-payroll clients through its HR Partner Plus solution; and retirement services administration, such as plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers’ compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

Paychex Inc SWOT Analysis


AI-Driven Evolution
Paychex's strategic focus on AI and machine learning promises enhanced operational efficiency, data monetization, and innovative service offerings
Financial Resilience
Despite revenue challenges, Paychex maintains profitability through cost control and operational efficiencies, with FY24 margins expected at 41-42%
Market Opportunities
Explore Paychex's potential in underserved SMB markets, leveraging its expertise in HR, payroll, and benefits management for growth
Analyst Perspectives
Recent price targets range from $120 to $130, reflecting a cautious outlook amidst ERTC headwinds and macroeconomic uncertainties
Read full SWOT analysis
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Paychex Inc Earnings Call Summary for Q4/2024

  • Q1 FY2025: Revenue up 3% to $1.3B, EPS rose 2% to $1.18; ERTC expiration caused 200bps headwind
  • FY2025 guidance: 4-5.5% revenue growth, 42-43% operating margin, 5-7% adjusted EPS growth
  • New products launched: Paychex Recruiting Copilot, Flex Engage, Flex Perks to aid talent attraction/retention
  • Q2 outlook: 4-5% revenue growth, ~40% operating margin; interest income and other income forecasts lowered
  • Focus on scaling markets, expanding offerings; exploring FinTech partnerships for client funding options
Last Updated: 02/10/2024, 09:20
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Compare PAYX to Peers and Sector

Metrics to compare
PAYX
Peers
Sector
Relationship
P/E Ratio
30.6x17.7x11.7x
PEG Ratio
4.86−0.800.03
Price/Book
13.5x1.6x1.4x
Price / LTM Sales
9.8x2.7x1.2x
Upside (Analyst Target)
−7.9%35.2%20.2%
Fair Value Upside
Unlock36.4%5.8%Unlock

Analysts' Recommendations

1 Buy
14 Hold
4 Sell
Ratings:
16 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 134.20

(-7.13% Downside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 4.72
Dividend Yield
2.71%
Industry Median 0.92%
Annualised payout
3.9200
Paid quarterly
5-Years Growth
+9.65%
Growth Streak

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FAQ

What Is the Paychex (PAYX) Premarket Price Today?

The Paychex (PAYX) premarket price is . Premarket price change units: . Premarket percentage change: . Premarket volume: . Current date: 04 Dec 2024. Previous close: 145.45

What Stock Exchange Does Paychex Trade On?

Paychex is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Paychex?

The stock symbol for Paychex is "PAYX."

What Is the Paychex (PAYX) Afterhours Price Today? (Afterhours variable test: ) Current Date: 04 Dec 2024

After hours price: . After hours price change (units): . Price change percentage:

What Is the Paychex Market Cap?

As of today, Paychex market cap is 52.00B.

What is Paychex Earnings Per Share?

The Paychex EPS is 4.72.

What Is the Next Paychex Earnings Date?

Paychex will release its next earnings report on 17 Dec 2024.

From a Technical Analysis Perspective, Is PAYX a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Neutral.

What Is Paychex (PAYX) Price Target According to Analysts?

Based on analysts, the average 12-month price target for Paychex is , with a high estimate of and a low estimate of . analysts recommend buying the stock, while suggest selling, leading to an overall rating of . The stock has an upside potential of %.

What Is Paychex (PAYX) Price Target According to Analysts?

Based on analysts, the average 12-month price target for Paychex is , with a high estimate of and a low estimate of . analysts recommend buying the stock, while suggest selling, leading to an overall rating of . The stock has an upside potential of %.
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