PaychexPAYX
PAYX
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, founded in 1971, services over 745,000 clients and pays 1 in 12 US 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
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
132% more first-time investments, than exits
New positions opened: 158 | Existing positions closed: 68
44% more funds holding in top 10
Funds holding in top 10: 16 [Q3] → 23 (+7) [Q4]
7% more capital invested
Capital invested by funds: $37.4B [Q3] → $40.2B (+$2.77B) [Q4]
2% more funds holding
Funds holding: 1,517 [Q3] → 1,542 (+25) [Q4]
5% more call options, than puts
Call options by funds: $349M | Put options by funds: $333M
4% more repeat investments, than reductions
Existing positions increased: 565 | Existing positions reduced: 541
0.34% less ownership
Funds ownership: 77.67% [Q3] → 77.33% (-0.34%) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$140
6%
downside
Avg. target
$145
2%
downside
High target
$148
0%
upside
4 analyst ratings
0 positive
0%
4 neutral
100%
0 negative
0%
Barclays Ramsey El-Assal 70% 1-year accuracy 40 / 57 met price target | 6%downside $140 | Equal-Weight Maintained | 23 Dec 2024 |
RBC Capital Ashish Sabadra 87% 1-year accuracy 47 / 54 met price target | 0%downside $148 | Sector Perform Reiterated | 20 Dec 2024 |
TD Cowen Bryan Bergin 90% 1-year accuracy 27 / 30 met price target | 2%downside $146 | Hold Maintained | 3 Dec 2024 |
Stifel Bryan Bergin 90% 1-year accuracy 27 / 30 met price target | 2%downside $146 | Hold Maintained | 3 Dec 2024 |
Financial journalist opinion
Based on 3 articles about PAYX published over the past 30 days
Neutral
Business Wire
2 weeks ago
Job Growth in U.S. Small Businesses Continues the Pace Seen in the Back Half of 2024
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex Small Business Employment Watch, the pace of job growth in U.S. small businesses with fewer than 50 employees remained slightly below 100 in January, consistent with the last six months of 2024. Meanwhile, hourly earnings growth for workers decelerated to 2.87% in January, marking its first time starting the year below three percent since 2021. “Small businesses successfully navigated an evolving economic landscape, challenging labor ma.
Positive
Zacks Investment Research
4 weeks ago
Reasons Why Investors Should Consider Buying Paychex Stock Now
The rising number of clients and clients' employees for HCM solutions, and growing average PEO worksite employees are benefiting the PAYX stock.
Positive
Seeking Alpha
4 weeks ago
How To Invest $100,000 In The Ten Cheapest Dow Dividend 100 Stocks
SCHD is the core of this dividend portfolio idea, ranking the best of the top 20 holdings. Stocks must have paid dividends for 10 years, have a market cap of $500M+, and an average daily trading volume of $2M+. The index ranks stocks by free cash flow to total debt, return on equity, forward yield, and 5-year dividend growth rate.
Positive
Zacks Investment Research
1 month ago
G vs. PAYX: Which Stock Is the Better Value Option?
Investors interested in Outsourcing stocks are likely familiar with Genpact (G) and Paychex (PAYX). But which of these two companies is the best option for those looking for undervalued stocks?
Neutral
Zacks Investment Research
1 month ago
3 Outsourcing Stocks to Consider Despite Industry Headwinds
The Zacks Outsourcing industry is well-positioned to gain from rising demand for business process outsourcing and AI and ML. PAYX, G, and BBSI are three stocks that are prime candidates to ride the demand wave.
Neutral
Business Wire
1 month ago
Paychex Declares Quarterly Dividend
ROCHESTER, N.Y.--(BUSINESS WIRE)--The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $0.98 per share payable on February 27, 2025 to shareholders of record as of February 7, 2025. About Paychex Paychex, Inc. (Nasdaq: PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves over 745,000 customers in the U.
Neutral
Business Wire
1 month ago
Pace of U.S. Small Business Job Growth Moderated in 2024
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--Job growth in U.S. small businesses with fewer than 50 employees averaged modest employment growth throughout 2024, according to the Paychex Small Business Employment Watch. The national jobs index was relatively unchanged (0.02 percentage points) at the close of the year in December and has held its pace since the summer. At 2.96% in December, hourly earnings growth for U.S. small business workers remained below three percent for the fifth consecutive month. “.
Neutral
PRNewsWire
1 month ago
Apax Funds to Sell Their Majority Stake in Paycor HCM, Inc. to Paychex, Inc.
NEW YORK , Jan. 7, 2025 /PRNewswire/ -- Apax Partners LLP ("Apax") today announced that Paycor HCM, Inc. (Nasdaq: PYCR) ("Paycor"), a leading provider of human capital management ("HCM") software, has entered into a definitive agreement with Paychex, Inc. (Nasdaq: PAYX) ("Paychex") to be acquired in an all-cash transaction for $22.50 per share, representing a total enterprise value of $4.1 billion. Funds advised by Apax, together with certain of their affiliates, currently own a majority of Paycor's outstanding common stock.
Positive
WSJ
1 month ago
Paychex to Acquire Competitor Paycor HCM
Payroll-services company Paychex is acquiring rival Paycor HCM in a deal with an enterprise value of about $4.1 billion.
Neutral
Business Wire
1 month ago
Paychex Enters into Definitive Agreement to Acquire Paycor
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) (“Paychex”), an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory solutions in human resources, employee benefit solutions, insurance, and payroll today announced it has entered into a definitive agreement to acquire Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of HCM, payroll and talent software in an all-cash transaction for $22.50 per share, representing a.
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