Paychex (PAYX)
NASDAQ:PAYX
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PAYX Stock Chart & Stats
$91.96
$0.43(0.31%)
At close: 4:00 PM EST
$91.96
$0.43(0.31%)
Day’s Range― - ―
52-Week Range$85.45 - $157.51
Previous CloseN/A
Volume510.46K
Average Volume (3M)3.10M
Market Cap
$35.93B
Enterprise Value$37.97B
Total Cash (Recent Filing)$1.83B
Total Debt (Recent Filing)$5.01B
Price to Earnings (P/E)22.0
Beta0.43
Next Earnings
Jun 24, 2026EPS Estimate
1.31Next Dividend Ex-DateN/A
Dividend Yield3.7%
Share Statistics
EPS (TTM)4.55
Shares Outstanding358,290,900
10 Day Avg. Volume2,976,062
30 Day Avg. Volume3,100,874
Financial Highlights & Ratios
PEG Ratio-17.88
Price to Book (P/B)13.78
Price to Sales (P/S)10.21
P/FCF Ratio32.33
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue5.99
Enterprise Value/Gross Profit8.11
Enterprise Value/Ebitda13.49
Forecast
1Y Price Target
$101.92Price Target Upside10.83% Upside
Rating ConsensusHold
Number of Analyst Covering14
EPS Forecast (FY)5.92
Revenue Forecast (FY)$6.87B
Bulls Say, Bears Say
Bulls Say
Recurring Subscription HCM And Payroll RevenueA predominantly subscription- and service-based model for payroll and HCM creates durable, predictable recurring revenue and high client retention. Cross-sell of add‑on modules and retirement/PEO services increases lifetime value, supporting steady cash flow and resilience over multiple quarters.
Strong Cash Generation And Capital Returns CapacityConsistent high free cash flow that tracks net income provides durable internal funding for dividends, buybacks, investments and debt management. Robust cash conversion supports strategic investments (AI, integration) without relying solely on external financing, enhancing financial flexibility over the medium term.
Product Innovation And Paycor Integration Driving ScaleProgress on Paycor integration and deployment of 500+ AI capabilities are structural enhancers: they broaden product suite, improve sales distribution, and raise service productivity. If synergies and AI-driven efficiency persist, they can sustainably expand margins and accelerate enterprise opportunity capture.
Bears Say
Elevated Post-acquisition LeverageMaterial increase in borrowings after the Paycor acquisition raises interest and refinancing sensitivity and narrows financial flexibility. Although offset partially by cash, the higher and variable leverage profile increases risk to capital allocation choices and could constrain strategic moves if cash generation weakens.
Acquisition-related Expense And Integration DisruptionSignificant acquisition-driven costs and a cited 'very, very challenging year of integration' can depress margins and distract management. Prolonged integration drag increases execution risk, may slow realization of expected synergies, and can cause multi-quarter volatility in operating profitability.
Slower Organic Growth And Delayed Revenue ConversionModerate organic Management Solutions growth (around mid‑single digits) plus slower conversion for larger Paycor clients and smaller initial module attachments can mute near-term revenue realization and reduce early per-client profitability. This delays payback on sales investments and stresses margin expansion timing.
Paychex News
PAYX FAQ
What was Paychex’s price range in the past 12 months?
Paychex lowest stock price was $85.45 and its highest was $157.51 in the past 12 months.
What is Paychex’s market cap?
Paychex’s market cap is $35.93B.
When is Paychex’s upcoming earnings report date?
Paychex’s upcoming earnings report date is Jun 24, 2026 which is in 14 days.
How were Paychex’s earnings last quarter?
Paychex released its earnings results on Mar 25, 2026. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.674 by $0.036.
Is Paychex overvalued?
According to Wall Street analysts Paychex’s price is currently Undervalued.
Does Paychex pay dividends?
Paychex pays a Quarterly dividend of $1.19 which represents an annual dividend yield of 3.7%. See more information on Paychex dividends here
What is Paychex’s EPS estimate?
Paychex’s EPS estimate is 1.31.
How many shares outstanding does Paychex have?
Paychex has 358,290,900 shares outstanding.
What happened to Paychex’s price movement after its last earnings report?
Paychex reported an EPS of $1.71 in its last earnings report, beating expectations of $1.674. Following the earnings report the stock price went up 3.035%.
Which hedge fund is a major shareholder of Paychex?
Currently, no hedge funds are holding shares in PAYX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Paychex Stock Smart Score
Outperform
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10
Analyst Consensus
Hold
Average Price Target:
$101.92 (10.83% Upside)
$101.92 (10.83% Upside)
Blogger Sentiment
Bullish
PAYX Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 470.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $41.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.5%
Last 30 Days ▲ 13.7%
Last 30 Days ▲ 13.7%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-33.48%
12-Months-Change
Fundamentals
Return on Equity
40.94%
Trailing 12-Months
Asset Growth
56.05%
Trailing 12-Months
Company Description
Paychex
Founded in 1971 and headquartered in Rochester, New York, Paychex, Inc. delivers comprehensive human capital management (HCM) solutions. The company primarily serves small to medium-sized enterprises (SMEs) across the United States, Europe, and India, addressing their needs in human resources, payroll administration, employee benefits, and insurance. Its diverse service portfolio includes: Payroll Management: Encompassing core payroll processing, payroll tax administration, employee payment facilitation, and ensuring compliance with regulations like new-hire reporting and garnishment processing. Human Resources Solutions: Providing support for employer compliance, HR and employee benefits administration, risk management outsourcing, and even the availability of professionally trained on-site HR representatives. Retirement Services: Offering full administration for retirement plans, which covers implementation, ongoing adherence to government regulations, reporting for both participants and employers, online access capabilities, electronic funds transfers, and other administrative tasks. Cloud-based HR Software: A suite of software products designed for efficient HR administration, including tools for benefits management, time and attendance tracking, digital communication, recruitment, and onboarding processes. Additional Business Services: This category features plan administration outsourcing, state unemployment insurance services, and various support functions for SMBs such as payroll funding and outsourcing (including payroll processing, invoicing, and tax preparation), payment processing solutions, financial wellness programs, and a resource center for small business loans. Insurance Offerings: Providing both property and casualty coverage, which includes workers' compensation, business-owner policies, cybersecurity protection, and commercial auto insurance, alongside health and benefits coverage like medical, dental, vision, and life insurance. Paychex primarily distributes its services through its dedicated direct sales team.
PAYX Company Deck
PAYX Earnings Call
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a predominately positive operational and financial picture: strong 20% revenue growth, margin expansion, robust cash flow, progress on Paycor integration and clear momentum in PEO and AI initiatives. The primary negatives related to acquisition-driven expense and leverage, some agency drag, slower revenue conversion for large deals, and timing-driven quarter-to-quarter volatility. Overall, the positives (revenue, margins, cash generation, integration progress, AI/product traction) substantially outweigh the noted challenges.View all PAYX earnings summariesPAYX Revenue Breakdown
73.00% Management Solutions
24.10% PEO and Insurance Solutions
2.90% Interest on funds held for clients
PAYX Stock 12 Month Forecast
Average Price Target
$101.92
▲(10.83% Upside)
Technical Analysis
Ownership Overview
10.21% Insiders
24.40% Mutual Funds
21.97% Other Institutional Investors
12.14% Public Companies and Individual Investors