Paychex (NASDAQ:PAYX) Releases FY25 Earnings Guidance

Paychex (NASDAQ:PAYX) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $4.96-5.05 for the period, compared to the consensus EPS 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 also updated its FY 2025 guidance to 4.960-5.050 EPS.

Analyst Ratings Changes

Several analysts have commented on the stock. Bank of America upped their target price on shares of Paychex from $111.00 to $113.00 and gave the company an underperform rating in a research report on Thursday, June 27th. Morgan Stanley reduced 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. Citigroup upped 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. Royal Bank of Canada restated a sector perform rating and set a $130.00 target price on shares of Paychex in a report on Thursday, June 27th. Finally, JPMorgan Chase & Co. raised their price target on Paychex from $120.00 to $128.00 and gave the company an underweight rating in a research note on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. According to MarketBeat, Paychex presently has a consensus rating of Hold and an average target price of $125.62.

Paychex Stock Performance

Paychex stock opened at $134.19 on Tuesday. The business has a 50 day moving average of $129.19 and a 200-day moving average of $124.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.37 and a quick ratio of 1.37. Paychex has a 1 year low of $106.27 and a 1 year high of $137.40. The company has a market capitalization 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.

Paychex Announces Dividend

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

Insider Buying and Selling at Paychex

In other Paychex news, Director David J. S. Flaschen sold 9,615 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 5,383 shares in the company, valued at $676,104.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other 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 sale, the director now owns 5,383 shares in the company, valued at $674,005.43. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David J. S. Flaschen sold 9,615 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $125.60, for a total value of $1,207,644.00. Following the completion of the transaction, the director now directly owns 5,383 shares in the company, valued at approximately $676,104.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,673 shares of company stock valued at $5,636,085. 11.50% of the stock is currently owned by 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.