Paychex
PAYX

$129.38

0.85%

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

Industrials Engineering, Accounting, Research, Management

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 6 analysts

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

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$113

13%

downside

Avg. target

$123

5%

downside

High target

$130

0%

upside

6 analyst ratings

0 positive

0%

4 neutral

67%

2 negative

33%

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

See Analyst Rankings

Financial journalist opinion

Based on 10 articles about PAYX published over the past 30 days

10 Dividend Blue-Chip Bargains To Potentially Profit From This Irrational Market Freakout

Joel Greenblatt's Magic Formula combines value and quality investing. By focusing on earnings yield and return on capital, it has achieved 40% annual returns for 21 years. The market's recent selloff, driven by weak manufacturing data, is an opportunity to buy high-quality undervalued dividend blue-chip stocks using Joel Greenblatt's Magic Formula. September's market volatility is average. Focus on long-term investment strategies rather than knee-jerk reactions to short-term data.

10 Dividend Blue-Chip Bargains To Potentially Profit From This Irrational Market Freakout

Zacks Investment Research

BBSI or PAYX: Which Is the Better Value Stock Right Now?

Investors interested in stocks from the Outsourcing sector have probably already heard of Barrett Business Services (BBSI) and Paychex (PAYX). But which of these two stocks presents investors with the better value opportunity right now?

BBSI or PAYX: Which Is the Better Value Stock Right Now?

4 Factor Dividend Growth Strategy: A Speed Bump On The Home Stretch

The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF with a few minor twists. The portfolio fell by 0.27% in August, underperforming the S&P 500 by 2.69%. Since its inception, the portfolio has generated a CAGR of 24.79%, and is outperforming SCHD by 13.10%.

4 Factor Dividend Growth Strategy: A Speed Bump On The Home Stretch

Hourly Earnings Growth Falls Below Three Percent as Job Growth Remains Steady for U.S. Small Businesses

ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--The Paychex Small Business Employment Watch for August, which reflects U.S. small businesses with fewer than 50 employees, reported hourly earnings growth for workers dropped to 2.89%. This marks the first time growth has been under three percent since January 2021. In addition, the one-month annualized hourly earnings growth dropped to 1.91%. The national small business jobs index has averaged 100.37 through eight months of 2024, representing modest employment.

Hourly Earnings Growth Falls Below Three Percent as Job Growth Remains Steady for U.S. Small Businesses

Paychex Flex® Perks Earns 2024 Top HR Product of the Year Award

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has earned recognition as a “Top HR Product of the Year” for Paychex Flex Perks, a curated digital marketplace for employee benefits. This is the fourth time a Paychex solution has been named to the Top HR Product of the Year list as part of this annual awards program, which is designed to showcase.

Paychex Flex® Perks Earns 2024 Top HR Product of the Year Award

Paychex: A Reliable Buy For Growing Dividend Checks Now

Hundreds of thousands of clients and millions of employees around the world depend on Paychex. The company exceeded the analyst consensus for both revenue and non-GAAP EPS in fiscal Q4. At a time when many businesses are carrying net debt balances, PAYX boasts a net cash balance.

Paychex: A Reliable Buy For Growing Dividend Checks Now

Zacks Investment Research

BBSI vs. PAYX: Which Stock Is the Better Value Option?

Investors with an interest in Outsourcing stocks have likely encountered both Barrett Business Services (BBSI) and Paychex (PAYX). But which of these two stocks presents investors with the better value opportunity right now?

BBSI vs. PAYX: Which Stock Is the Better Value Option?

Paychex Launches Digital Employee Benefits Marketplace

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has introduced Paychex Flex® Perks, a digital marketplace of employee benefits curated to address the needs of today's diverse, five-generational workforce. Launching with 17 unique products, Paychex Flex Perks includes early access to earned wages, financial wellness solutions, and voluntary lifest.

Paychex Launches Digital Employee Benefits Marketplace

Paychex Announces Employee Engagement Solution

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has introduced Paychex Flex® Engage, a comprehensive employee engagement solution developed to help businesses digitally manage their workforce, drive collaboration, and enhance the employee experience. Paychex Flex Engage combines employee engagement, performance reviews, rewards, and compensation.

Paychex Announces Employee Engagement Solution

3 Fintech Stocks to Buy During the August Market Dip

The fintech industry is growing rapidly in 2024, making the case for the best fintech stocks to buy on a dip. Despite operating in a more challenging macroeconomic environment, fintech companies continue expanding their revenue and earnings.

3 Fintech Stocks to Buy During the August Market Dip

See News Rankings