Unveiling Key Insights into Paychex for Savvy Investors

Shares of Paychex have moved -1.6% today, and are now trading at a price of $119.97. In contrast, the S&P 500 index saw a 1.0% change. Today's trading volume is 2,398,703 compared to the stock's average volume of 1,868,539.

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. Based in Rochester, United States the company has 16,000 full time employees and a market cap of $43,184,762,880. Paychex currently offers its equity investors a dividend that yields 2.9% per year.

The company is now trading -0.94% away from its average analyst target price of $121.11 per share. The 15 analysts following the stock have set target prices ranging from $111.0 to $130.0, and on average give Paychex a rating of hold.

Over the last 52 weeks, PAYX stock has risen 9.0%, which amounts to a -13.4% difference compared to the S&P 500. The stock's 52 week high is $129.7 whereas its 52 week low is $104.09 per share. Based on Paychex's average net margin growth of 1.8% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.

Date Reported Total Revenue ($ k) Net Profit ($ k) Net Margins (%)
2022 5,007,100 1,557,300 31
2021 4,611,700 1,392,800 30
2020 4,056,800 1,097,500 27
2019 4,040,500 1,098,100 27
2018 3,772,500 1,034,400 27
2017 3,377,700 994,100 28
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.