Paychex (NASDAQ:PAYX) Updates FY25 Earnings Guidance

Paychex (NASDAQ:PAYX) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.96-5.05 for the period, compared to the consensus estimate of $4.97. The company issued revenue guidance of $5.49-5.57 billion, compared to the consensus revenue estimate of $5.52 billion.

Paychex Trading Up 0.9 %

NASDAQ:PAYX opened at $134.19 on Tuesday. The company has a market capitalization of $48.30 billion, a PE ratio of 28.73, a P/E/G ratio of 3.54 and a beta of 1.00. Paychex has a 52-week low of $106.27 and a 52-week high of $137.40. The stock’s 50 day moving average price is $129.19 and its 200 day moving average price is $124.34. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.21.

Paychex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 8th were issued a $0.98 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.92%. Paychex’s payout ratio is 83.94%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PAYX. Royal Bank of Canada reissued a sector perform rating and set a $130.00 price objective on shares of Paychex in a research report on Thursday, June 27th. Barclays raised their price target on Paychex from $118.00 to $132.00 and gave the stock an equal weight rating in a report on Monday, September 23rd. JPMorgan Chase & Co. upped their price objective on Paychex from $120.00 to $128.00 and gave the company an underweight rating in a research note on Tuesday, August 20th. Citigroup increased their price objective on Paychex from $125.00 to $145.00 and gave the stock a neutral rating in a research report on Wednesday, September 25th. Finally, Morgan Stanley dropped their target price on Paychex from $125.00 to $122.00 and set an equal weight rating on the stock in a report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $125.62.

Insider Buying and Selling at Paychex

In other Paychex news, Director David J. S. Flaschen sold 14,434 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $125.21, for a total value of $1,807,281.14. Following the completion of the transaction, the director now directly owns 5,383 shares of the company’s stock, valued at $674,005.43. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director David J. S. Flaschen sold 9,615 shares of the 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 in the company, valued at $676,104.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David J. S. Flaschen sold 14,434 shares of the firm’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 transaction, the director now directly owns 5,383 shares of the company’s stock, valued at $674,005.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,673 shares of company stock valued at $5,636,085. 11.50% of the stock is owned by company insiders.

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.