Paychex (NASDAQ:PAYX – Get Free Report) posted its quarterly earnings data on Tuesday. The business services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.02, Briefing.com reports. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Paychex had a net margin of 32.03% and a return on equity of 46.63%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. Paychex updated its FY25 guidance to $4.96-5.05 EPS and its FY 2025 guidance to 4.960-5.050 EPS.
Paychex Stock Up 4.9 %
Shares of Paychex stock opened at $140.79 on Wednesday. Paychex has a 12-month low of $106.27 and a 12-month high of $141.59. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $129.53 and a two-hundred day moving average price of $124.49. The stock has a market capitalization of $50.68 billion, a P/E ratio of 30.15, a PEG ratio of 3.54 and a beta of 1.00.
Paychex Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 8th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Thursday, August 8th. Paychex’s dividend payout ratio is 83.94%.
Insider Activity
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on PAYX shares. Barclays upped their price target on Paychex from $118.00 to $132.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. Bank of America upped their target price on Paychex from $111.00 to $113.00 and gave the company an “underperform” rating in a report on Thursday, June 27th. Robert W. Baird lowered their price objective on shares of Paychex from $126.00 to $124.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Morgan Stanley dropped their price objective on shares of Paychex from $125.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Paychex from $120.00 to $128.00 and gave the company an “underweight” rating in a research note on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to MarketBeat.com, Paychex presently has an average rating of “Hold” and an average target price of $125.62.
Read Our Latest Analysis on PAYX
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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