The Paychex Inc (PAYX) share price is expected to decrease by 1.18% over the next year. This is based on calculating the average 12-month share price estimate provided by 12 stock analysts who have covered PAYX. Price targets range from $105.00 at the low end to $130.00 at the high end. The current analyst consensus for PAYX is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
Paychex Inc has a total of 12 Wall St Analyst ratings. There are 0 buy ratings, 9 ratings, and 3 sell ratings. Since most analysts have a hold consensus rating, the expectation is that Paychex Inc will generate similar returns as the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
mark marcon Robert W. Baird | Hold | $126.0 | maintained | Jan 18, 2024 |
peter christiansen Citi | Hold | $125.0 | maintained | Dec 26, 2023 |
ramsey el assal Barclays | Hold | $120.0 | maintained | Dec 22, 2023 |
david grossman Stifel Nicolaus | Hold | $130.0 | rated | Dec 22, 2023 |
james faucette Morgan Stanley | Hold | $127.0 | maintained | Dec 22, 2023 |
samad samana Jefferies | Hold | $120.0 | maintained | Dec 21, 2023 |
tien tsin huang J.P. Morgan | Sell | $126.0 | maintained | Dec 21, 2023 |
david togut Evercore ISI | Hold | $118.0 | maintained | Dec 21, 2023 |
darrin peller Wolfe Research | Sell | $113.0 | reiterated | Dec 21, 2023 |
bryan bergin TD Cowen | Hold | $123.0 | downgraded | Dec 21, 2023 |
jason kupferberg Bank of America Securities | Sell | $105.0 | maintained | Dec 21, 2023 |
ashish sabadra RBC Capital | Hold | $130.0 | rated | Dec 21, 2023 |
kevin mcveigh UBS | Hold | $120.0 | initiatedcoverage | Nov 7, 2023 |
rayna kumar UBS | Hold | $116.0 | maintained | Jun 30, 2023 |
bryan keane Deutsche Bank | Hold | $116.0 | maintained | Jan 3, 2023 |
lisa elis MoffettNathanson | Hold | $120.0 | maintained | Dec 23, 2022 |
moshe katri Wedbush | Hold | $140.0 | maintained | Dec 23, 2021 |
eugene simuni MoffettNathanson | Hold | $145.0 | maintained | Dec 23, 2021 |
jeffrey silber BMO Capital | Hold | $118.0 | maintained | Oct 1, 2021 |
david coleman Argus Research | Buy | $118.0 | maintained | Jun 28, 2021 |
Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.
When did it IPO
1983
Staff Count
16,000
Country
United States
Sector/Industry
Industrials/Staffing & Employment Services
CEO
Mr. John B. Gibson Jr.
Market Cap
$44.39B
In 2023, PAYX generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that PAYX's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2019
Revenue From 2020
Revenue From 2021
Revenue From 2022
MCHP-USD
$81.61
$103.34
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