Paychex (NASDAQ:PAYX – Get Free Report) will be releasing its earnings data before the market opens on Tuesday, October 1st. Analysts expect Paychex to post earnings of $1.14 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Paychex Stock Performance
Shares of NASDAQ PAYX opened at $132.99 on Monday. The stock has a 50 day moving average price of $128.96 and a 200 day moving average price of $124.25. Paychex has a 52 week low of $106.27 and a 52 week high of $137.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $47.84 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00.
Paychex Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 8th were paid a $0.98 dividend. The ex-dividend date was Thursday, August 8th. This represents a $3.92 annualized dividend and a yield of 2.95%. Paychex’s payout ratio is 83.94%.
Insider Activity at Paychex
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $130.00 price target on shares of Paychex in a research note on Thursday, June 27th. Bank of America upped their target price on Paychex from $111.00 to $113.00 and gave the stock an “underperform” rating in a research report on Thursday, June 27th. Citigroup lifted their target price on Paychex from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. TD Cowen increased their target price on shares of Paychex from $121.00 to $126.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. Finally, Morgan Stanley reduced their price objective on shares of Paychex from $125.00 to $122.00 and set an “equal weight” rating for the company in a research note on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $125.62.
Read Our Latest Report on Paychex
Paychex Company Profile
Paychex, Inc, together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), 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.
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