PAYX - Paychex, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
73.97
-0.82 (-1.10%)
As of 2:04PM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close74.79
Open74.26
Bid74.08 x 1300
Ask74.11 x 1100
Day's Range73.37 - 74.50
52 Week Range47.87 - 90.54
Volume873,450
Avg. Volume3,264,703
Market Cap26.534B
Beta (5Y Monthly)0.86
PE Ratio (TTM)24.82
EPS (TTM)2.98
Earnings DateJun 24, 2020 - Jun 29, 2020
Forward Dividend & Yield2.48 (3.32%)
Ex-Dividend DateMay 14, 2020
1y Target Est69.33
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-8% Est. Return
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  • Small Business Employment Shows Slight Improvement in May, But Remains Near Historic Low
    PR Newswire

    Small Business Employment Shows Slight Improvement in May, But Remains Near Historic Low

    The latest Paychex | IHS Markit Small Business Employment Watch shows that employment growth improved slightly in May, up 0.25 percent, as stay-at-home orders eased in most states. Amid the economic impacts of the COVID-19 pandemic, the jobs index has fallen 3.95 percent year-over-year, most of which (3.52 percent) occurred in the past quarter. The transition back to work also resulted in a 5.33 percent one-month annualized increase in weekly hours worked after a sharp drop in April.

  • Paycom: A High-Quality, Fast-Growing Company
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  • Hedge Funds Aren’t Done Buying Paychex, Inc. (PAYX)
    Insider Monkey

    Hedge Funds Aren’t Done Buying Paychex, Inc. (PAYX)

    Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]

  • Paychex Study Finds 63% of Business Owners Feel the Worst of the COVID-19 Pandemic is Behind Them
    PR Newswire

    Paychex Study Finds 63% of Business Owners Feel the Worst of the COVID-19 Pandemic is Behind Them

    As business owners across the country focus on getting back to business, 63 percent feel the worst is behind them when it comes to the impact of COVID-19 on their operations, according to new research from Paychex, Inc., a leading provider of human resources, payroll, benefits, and insurance solutions for 670,000 small- and medium-sized businesses. However, 4 in 5 business owners are somewhat or very concerned about a possible second wave of infection.

  • MarketWatch

    Paychex sees 'early signs' of stabilization in its business

    Paychex Inc. said in a Tuesday release that it is seeing "early signs of moderation and stabilization" in its key business metrics despite the "severe" effects of COVID-19 on the U.S. economy. "We believe our strong balance sheet and operational flexibility will allow us to successfully manage through the current situation while protecting our cash flow and liquidity," the company said. It expects that it will have enough cash to support normal business operations, share repurchases, and dividends "for the foreseeable future." Paychex is working with governments to understand the requirements of new programs impacting its clients, per the release. Shares have fallen 26% over the past three months as the S&P 500 has declined 13%.

  • Paychex, Inc. Provides COVID-19 Business Update
    Business Wire

    Paychex, Inc. Provides COVID-19 Business Update

    Paychex, Inc. ("Paychex," "we," "our," or "us") (Nasdaq:PAYX) will provide a business update today in response to the impact from COVID-19 and an update to our outlook for the fiscal year ending May 31, 2020 ("fiscal 2020").

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    One Simple Metric to Gauge Management's Capital Allocation Skill

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  • Bank of America Double-Downgrades Square on Fear Small Businesses Will Fold
    Bloomberg

    Bank of America Double-Downgrades Square on Fear Small Businesses Will Fold

    (Bloomberg) -- Bank of America double-downgraded payments stock Square Inc. to underperform from buy on concern small and medium businesses like restaurants, retailers and salons will struggle to stay afloat once they’ve spent government Covid-19 crisis funds.“A significant number” of small and medium outfits may struggle to survive, especially if the U.S. economy only partially reopens and firms are limited to 25% to 50% occupancy, analyst Jason Kupferberg wrote in a note.“The extent of SMB churn is hard to quantify, and likely won’t be known for perhaps another 6 months, but we note that 75% of Square’s payment volume comes from merchants with less $500,000 in annual card volumes,” he said.He also flagged Square’s 26% rally so far this year, which compares with a 9% decline for the S&P 500. The stock may have “moved too far and too fast relative to its near-term fundamental prospects,” he said.In the same note, Kupferberg also became the sole bear on payroll processor Automatic Data Processing Inc., cutting his rating to underperform from neutral due to “extreme stress on employment markets.” ADP is exposed to the current recession not just because of the number of employees on its clients’ payrolls, he said, but also in terms of client retention, new bookings and lower float income.He added that Paychex Inc.’s business update call on Tuesday may be a “negative catalyst” for ADP, as Paychex will probably pre-announce a guidance miss for the quarter ended May 31. Kupferberg rates Paychex underperform too, as 99% of its revenue comes from U.S. small and medium businesses averaging 16 employees.Square pared a decline of as much as 2.5% in early Monday trading, while ADP nearly erased a gain of as much as 2% and Paychex rose as much as 4%. Stocks rose across the board on optimism about an experimental vaccine, and as major economies took further steps toward re-opening and the Fed stressed it has more ammunition to combat a downturn.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Paychex Releases HR Industry's First Real-Time Payments Solution
    PR Newswire

    Paychex Releases HR Industry's First Real-Time Payments Solution

    Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, is now the first HR solutions provider to give business owners the ability to leverage real-time payments to deliver pay to their employees immediately – a capability that has become increasingly important during the coronavirus (COVID-19) pandemic.

  • Paychex, Inc. Schedules Conference Call for May 19, 2020 to Provide COVID-19 Business Update
    Business Wire

    Paychex, Inc. Schedules Conference Call for May 19, 2020 to Provide COVID-19 Business Update

    Paychex, Inc. (Nasdaq:PAYX) will host a conference call at 9:30 a.m. ET on Tuesday, May 19, 2020 to provide an update on the business impact of COVID-19. Participating in this call will be Martin Mucci, President and CEO, and Efrain Rivera, Senior Vice President, CFO, and Treasurer. This call will be simultaneously broadcast over the Internet.

  • Small Business Employment Declines, Reflecting the Ongoing Impact of the Coronavirus Pandemic
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    Small Business Employment Declines, Reflecting the Ongoing Impact of the Coronavirus Pandemic

    The latest Paychex | IHS Markit Small Business Employment Watch shows a decrease in small business employment as the COVID-19 pandemic caused instability for employers nationwide. The jobs index declined 3.65 percent last month to 94.63, a level consistent with rates seen in 2009 during the financial crisis. Hourly earnings growth rose slightly to 2.78 percent ($0.75) year-over-year. However, one-month annualized weekly hours worked growth dropped sharply, by 8.92 percent in April, resulting in a decline in weekly earnings growth to 1.28 percent from a year ago.

  • Were Hedge FundsRight About Paychex, Inc. (PAYX)?
    Insider Monkey

    Were Hedge FundsRight About Paychex, Inc. (PAYX)?

    Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

  • Paychex Charitable Foundation Donates $1M to United Way to Help Address Impacts of COVID-19
    PR Newswire

    Paychex Charitable Foundation Donates $1M to United Way to Help Address Impacts of COVID-19

    Paychex, Inc. today announced that the Paychex Charitable Foundation will contribute $1 million to United Way to help address the impacts of the COVID-19 pandemic. The donation will support efforts of nonprofits delivering crucial services during the current crisis as well as build on existing support that Paychex provides to human service organizations through United Way throughout the year.

  • Paychex Study Finds Majority of Paycheck Protection Program Applicants Face Loan Status Uncertainty
    PR Newswire

    Paychex Study Finds Majority of Paycheck Protection Program Applicants Face Loan Status Uncertainty

    As the second round of funding for the Paycheck Protection Program (PPP) became available on April 27, 62 percent of PPP loan applicants were still waiting for funding or approval, according to new research from Paychex, Inc., a leading provider of human resources, payroll, benefits, and insurance solutions for 670,000 small- and medium-sized businesses.

  • Paychex Declares Quarterly Dividend
    Business Wire

    Paychex Declares Quarterly Dividend

    Today the Board of Directors of Paychex, Inc. (NASDAQ‑PAYX) declared a regular quarterly dividend of $.62 per share payable May 28, 2020, 2020 to shareholders of record May 15, 2020.

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    The coronavirus pandemic has hit a lot of small and mid-sized businesses hard. Is the company well-positioned to help its clients through these uncertain times while maintaining solid earnings growth? Paychex has been a solid performer, with an annualized return of 10.7% over the last 10 years and 13% over the past five years through Dec. 31, 2019.

  • This CEO of a $25 billion market cap payroll services giant keeps it real on the post coronavirus US economy
    Yahoo Finance

    This CEO of a $25 billion market cap payroll services giant keeps it real on the post coronavirus US economy

    Paychex CEO Martin Mucci provides an honest assessment on how the U.S. economy may evolve post the worst of the coronavirus pandemic.

  • Here's why small businesses are opting to furlough employees, instead of layoffs: Paychex CEO
    Yahoo Finance Video

    Here's why small businesses are opting to furlough employees, instead of layoffs: Paychex CEO

    Small and mid-size businesses are anxiously awaiting the new round of federal relief funding. Martin Mucci, Paychex CEO, joins Yahoo Finance to discuss the overall impact of the COVID-19 crisis on small businesses and how his company is helping them to survive.

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  • Paychex Aligns with FinTech Providers to Help Businesses Rapidly Apply for New Paycheck Protection Program Funding, Once Available
    PR Newswire

    Paychex Aligns with FinTech Providers to Help Businesses Rapidly Apply for New Paycheck Protection Program Funding, Once Available

    With millions of American businesses working to remain open and pay employees during the coronavirus (COVID-19) pandemic, many have turned to the Paycheck Protection Program (PPP) loan program, created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, for financial relief. While Congress prepares to allocate additional relief funds to the currently depleted program, Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, today announced it has aligned with online lending providers Biz2Credit, Fundera, and Lendio, to offer businesses in most states the opportunity to more rapidly apply for new loan funding, once available, by beginning the application process now.

  • Did You Participate In Any Of Paychex's (NASDAQ:PAYX) Respectable 61% Return?
    Simply Wall St.

    Did You Participate In Any Of Paychex's (NASDAQ:PAYX) Respectable 61% Return?

    While Paychex, Inc. (NASDAQ:PAYX) shareholders are probably generally happy, the stock hasn't had particularly good...

  • Thomson Reuters StreetEvents

    Edited Transcript of PAYX earnings conference call or presentation 25-Mar-20 1:30pm GMT

    Q3 2020 Paychex Inc Earnings Call

  • Best Dividend Stocks In 2020: Five Strong-Yield Stocks Beating The S&P 500
    Investor's Business Daily

    Best Dividend Stocks In 2020: Five Strong-Yield Stocks Beating The S&P 500

    The best dividend stocks give a powerful boost to income and retirement portfolios. These stocks offer both solid yields and strong performance.

  • Paychex Paycheck Protection Program Report Simplifies Loan Application Process for 250,000 Businesses and Counting
    PR Newswire

    Paychex Paycheck Protection Program Report Simplifies Loan Application Process for 250,000 Businesses and Counting

    The Paycheck Protection Program, included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, authorizes up to $349 billion toward job retention and other operating expenses to help small businesses continue to pay their workers, despite the financial instability caused by the coronavirus (COVID-19) pandemic. Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, has packaged the data customers need to quickly apply for the forgivable loan program. Since the Small Business Administration (SBA) began accepting applications on April 3, Paychex has provided 250,000 businesses with its new Paycheck Protection Program report.

  • Paychex, PayActiv Extending Immediate Relief to Business Owners and Employees with On-Demand Pay Option During COVID-19 Crisis
    PR Newswire

    Paychex, PayActiv Extending Immediate Relief to Business Owners and Employees with On-Demand Pay Option During COVID-19 Crisis

    In light of the coronavirus (COVID-19) crisis, Paychex Inc., a leading provider of HR, payroll, benefits, and insurance solutions that pays 1 in 12 American private sector workers, and PayActiv, the leading provider of employer-sponsored earned wage and tip access, today announced they are aligning to offer Paychex clients a cash incentive for businesses looking to provide workers with immediate access to their earned wages, while also waiving employee transaction fees.