Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Paychex Inc Market Cap
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.
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.
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 |
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
$49.90B
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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.
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