PaychexPAYX
Market Cap: $46.5B
About: Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 745,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.
Employees: 16,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
11% more call options, than puts
Call options by funds: $227M | Put options by funds: $204M
0.09% more ownership
Funds ownership: 75.94% [Q1] → 76.03% (+0.09%) [Q2]
3% less repeat investments, than reductions
Existing positions increased: 543 | Existing positions reduced: 561
3% less capital invested
Capital invested by funds: $33.5B [Q1] → $32.4B (-$1.08B) [Q2]
1% less funds holding
Funds holding: 1,498 [Q1] → 1,478 (-20) [Q2]
7% less funds holding in top 10
Funds holding in top 10: 15 [Q1] → 14 (-1) [Q2]
15% less first-time investments, than exits
New positions opened: 116 | Existing positions closed: 136
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
JP Morgan Tien-Tsin Huang 59% 1-year accuracy 30 / 51 met price target | 1%downside $128 | Underweight Maintained | 20 Aug 2024 |
Barclays Ramsey El-Assal 58% 1-year accuracy 22 / 38 met price target | 9%downside $118 | Equal-Weight Maintained | 1 Jul 2024 |
Morgan Stanley James Faucette 62% 1-year accuracy 16 / 26 met price target | 6%downside $122 | Equal-Weight Maintained | 27 Jun 2024 |
RBC Capital Ashish Sabadra 85% 1-year accuracy 41 / 48 met price target | 0%upside $130 | Sector Perform Reiterated | 27 Jun 2024 |
Baird Mark Marcon 54% 1-year accuracy 7 / 13 met price target | 4%downside $124 | Neutral Maintained | 27 Jun 2024 |
Financial journalist opinion
Based on 10 articles about PAYX published over the past 30 days