Paychex Inc

Paychex Inc Stock Forecast & Price Prediction

Live Paychex Inc Stock (PAYX) Price
$138.65

19

Ratings

  • Buy 2
  • Hold 14
  • Sell 3
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$138.65

P/E Ratio

29.56

Volume Traded Today

$1.8M

Dividend

$0.98

52 Week High/low

142.04/106.27

Paychex Inc Market Cap

$50.16B

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PAYX Summary

The Paychex Inc (PAYX) share price is expected to decrease by 4.71% over the next year. This is based on calculating the average 12-month share price estimate provided by 19 stock analysts who have covered PAYX. Price targets range from $115 at the low end to $148 at the high end. The current analyst consensus for PAYX is a hold. Please note analyst price targets are not guaranteed and could be missed completely.

PAYX Analyst Ratings

Paychex Inc has a total of 19 Wall St Analyst ratings. There are 2 buy ratings, 14 ratings, and 3 sell ratings. Since most analysts have a hold consensus rating, the expectation is that Paychex Inc will generate similar returns as the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

PAYX stock forecast by analyst

These are the latest 20 analyst ratings of PAYX.

Analyst/Firm

Rating

Price Target

Change

Date

David Grossman
Stifel

Hold

$141

Maintains

Oct 2, 2024
Bryan Bergin
TD Cowen

Hold

$131

Maintains

Oct 2, 2024
Ashish Sabadra
RBC Capital

Sector Perform

$148

Maintains

Oct 2, 2024
James Faucette
Morgan Stanley

Equal-Weight

$133

Maintains

Oct 2, 2024
Samad Samana
Jefferies

Hold

$130

Maintains

Oct 2, 2024
Kevin Mcveigh
UBS

Neutral

$142

Maintains

Oct 2, 2024
Peter Christiansen
Citigroup

Neutral

$145

Maintains

Sep 25, 2024
Ramsey El-Assal
Barclays

Equal-Weight

$132

Maintains

Sep 23, 2024
Bryan Bergin
TD Cowen

Hold

$126

Maintains

Sep 12, 2024
Tien-Tsin Huang
JP Morgan

Underweight

$128

Maintains

Aug 20, 2024
Ramsey El-Assal
Barclays

Equal-Weight

$118

Maintains

Jul 1, 2024
Ashish Sabadra
RBC Capital

Sector Perform

$130

Reiterates

Jun 27, 2024
James Faucette
Morgan Stanley

Equal-Weight

$122

Maintains

Jun 27, 2024
Jason Kupferberg
B of A Securities

Underperform

$113

Maintains

Jun 27, 2024
Mark Marcon
Baird

Neutral

$124

Maintains

Jun 27, 2024
Ashish Sabadra
RBC Capital

Sector Perform

$130

Reiterates

May 21, 2024
Jason Kupferberg
B of A Securities

Underperform

$111

Maintains

Apr 3, 2024
Moshe Katri
Wedbush

Neutral

$115

Reiterates

Apr 3, 2024
Bryan Bergin
TD Cowen

Hold

$121

Maintains

Apr 3, 2024
Ashish Sabadra
RBC Capital

Sector Perform

$130

Reiterates

Apr 3, 2024

PAYX Company Information

What They Do: Provides integrated human capital management solutions.

Business Model: The company operates by offering a comprehensive suite of human capital management services, including payroll processing, HR solutions, and insurance services, primarily targeting small to medium-sized businesses. Revenue is generated through service fees for payroll processing, HR advisory, retirement services, and various business services, including payment processing and insurance coverage.

Other Information: Founded in 1971 and headquartered in Rochester, New York, the company has a presence in the United States, Europe, and India. It utilizes a direct sales force to market its services, catering to the evolving needs of businesses in managing their workforce and compliance requirements.
PAYX
Paychex Inc (PAYX)

When did it IPO

1990

Staff Count

16,500

Country

United States

Sector/Industry

Technology/Software - Application

CEO

Mr. John B. Gibson Jr.

Market Cap

$50.16B

Paychex Inc (PAYX) Financial Data

In 2023, PAYX generated $5.01B in revenue, which was a increase of 8.57% from the previous year. This can be seen as a signal that PAYX's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

N/A

Revenue From 2021

$4.06B

0.00 %
From Previous Year

Revenue From 2022

$4.61B

13.68 %
From Previous Year

Revenue From 2023

$5.01B

8.57 %
From Previous Year
  • Revenue TTM $5.31B
  • Operating Margin TTM 41.5%
  • Gross profit TTM $3.80B
  • Return on assets TTM 12.0%
  • Return on equity TTM 45.7%
  • Profit Margin 32.0%
  • Book Value Per Share 10.70%
  • Market capitalisation $50.16B
  • Revenue for 2021 $4.06B
  • Revenue for 2022 $4.61B
  • Revenue for 2023 $5.01B
  • EPS this year (TTM) $4.69

Paychex Inc (PAYX) Latest News

News Image

Mon, 30 Sep 2024

Sentiment - NEUTRAL

Source - Benzinga

Summary - Paychex, Inc. (PAYX) will announce its first-quarter earnings results on Tuesday, Oct. 1, before the market opens.

Why It Matters - Paychex's upcoming earnings release can significantly impact its stock price and investor sentiment, influencing market trends and sector performance.

News Image

Thu, 26 Sep 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Paychex (PAYX) is expected to report its performance for the quarter ended August 2024, focusing on key metrics beyond standard Wall Street estimates.

Why It Matters - Evaluating Paychex's performance beyond traditional estimates can reveal underlying trends and metrics crucial for assessing growth potential and operational efficiency, influencing investment decisions.

News Image

Fri, 27 Sep 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - PAYX expects growth in PEO and insurance solutions, along with increased interest on client funds, to positively impact its Q1 fiscal 2025 revenues.

Why It Matters - Anticipated revenue growth from PEO and insurance solutions, along with higher interest income, signals strong performance for PAYX, potentially boosting investor confidence and stock value.

News Image

Tue, 24 Sep 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Paychex (PAYX) may not meet expectations for an earnings beat in its upcoming report due to lacking key performance indicators.

Why It Matters - Paychex may underperform in its earnings report, signaling potential declines in stock price and affecting investor sentiment and strategies.

News Image

Fri, 20 Sep 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Investors in the Outsourcing sector may consider Barrett Business Services (BBSI) or Paychex (PAYX) for potential value opportunities.

Why It Matters - The comparison between Barrett Business Services and Paychex highlights potential investment opportunities in the Outsourcing sector, guiding value investors toward better returns.

News Image

Tue, 17 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Paychex, Inc. (Nasdaq: PAYX) will release its Q1 fiscal 2025 results on October 1, 2024, before market open, followed by a conference call at 9:30 a.m. ET featuring top executives.

Why It Matters - Paychex's upcoming earnings release and conference call may impact stock performance, providing insight into its financial health and growth prospects, influencing investor sentiment and decisions.

...

PAYX Frequently asked questions

The highest forecasted price for PAYX is $148 from Ashish Sabadra at RBC Capital.

The lowest forecasted price for PAYX is $115 from Bryan Keane from Deutsche Bank

The PAYX analyst ratings consensus are 2 buy ratings, 14 hold ratings, and 3 sell ratings.