Paychex (NASDAQ:PAYX) Issues FY 2025 Earnings Guidance

Paychex (NASDAQ:PAYX) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.960-5.050 for the period, compared to the consensus estimate of 4.970. The company issued revenue guidance of $5.5 billion-$5.6 billion, compared to the consensus revenue estimate of $5.5 billion. Paychex also updated its FY25 guidance to $4.96-5.05 EPS.

Analysts Set New Price Targets

A number of research analysts have weighed in on PAYX shares. JPMorgan Chase & Co. increased their target price on Paychex from $120.00 to $128.00 and gave the company an underweight rating in a report on Tuesday, August 20th. Citigroup increased their price target on Paychex from $125.00 to $145.00 and gave the company a neutral rating in a research note on Wednesday, September 25th. Robert W. Baird reduced their price objective on Paychex from $126.00 to $124.00 and set a neutral rating on the stock in a research note on Thursday, June 27th. TD Cowen increased their target price on Paychex from $121.00 to $126.00 and gave the company a hold rating in a research report on Thursday, September 12th. Finally, Morgan Stanley reduced their price target on shares of Paychex from $125.00 to $122.00 and set an equal weight rating on the stock in a research report on Thursday, June 27th. Two research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $125.62.

Paychex Trading Up 0.9 %

NASDAQ PAYX opened at $134.19 on Tuesday. The stock has a market cap of $48.30 billion, a P/E ratio of 28.73, a P/E/G ratio of 3.54 and a beta of 1.00. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $129.19 and a two-hundred day simple moving average of $124.34. Paychex has a 12-month low of $106.27 and a 12-month high of $137.40.

Paychex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 8th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 2.92%. The ex-dividend date was Thursday, August 8th. Paychex’s dividend payout ratio is currently 83.94%.

Insider Activity

In other Paychex news, Director David J. S. Flaschen sold 14,434 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $125.21, for a total transaction of $1,807,281.14. Following the completion of the transaction, the director now directly owns 5,383 shares in the company, valued at $674,005.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director David J. S. Flaschen sold 9,615 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $125.60, for a total value of $1,207,644.00. Following the sale, the director now directly owns 5,383 shares of the company’s stock, valued at approximately $676,104.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David J. S. Flaschen sold 14,434 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $125.21, for a total transaction of $1,807,281.14. Following the completion of the transaction, the director now owns 5,383 shares in the company, valued at $674,005.43. The disclosure for this sale can be found here. Insiders have sold 45,673 shares of company stock worth $5,636,085 in the last ninety days. Company insiders own 11.50% of the company’s stock.

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.