Zacks Research Predicts Paychex FY2028 Earnings

Paychex, Inc. (NASDAQ:PAYX) – Analysts at Zacks Research issued their FY2028 earnings per share (EPS) estimates for shares of Paychex in a research report issued on Wednesday, July 9th. Zacks Research analyst R. Department anticipates that the business services provider will post earnings per share of $6.38 for the year. The consensus estimate for Paychex’s current full-year earnings is $4.99 per share.

Paychex (NASDAQ:PAYX) last released its quarterly earnings data on Wednesday, June 25th. The business services provider reported $1.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.19. Paychex had a return on equity of 45.01% and a net margin of 29.75%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share.

Several other analysts have also recently issued reports on PAYX. Morgan Stanley reduced their price target on shares of Paychex from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Friday, June 27th. Jefferies Financial Group set a $140.00 target price on Paychex and gave the company a “hold” rating in a report on Thursday, June 26th. UBS Group decreased their price objective on Paychex from $155.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, June 26th. Cfra Research upgraded Paychex to a “hold” rating in a research note on Thursday, March 27th. Finally, Stifel Nicolaus cut their price target on Paychex from $156.00 to $152.00 and set a “hold” rating on the stock in a report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $150.20.

Paychex Price Performance

Shares of NASDAQ PAYX opened at $145.40 on Thursday. The company has a market cap of $52.37 billion, a PE ratio of 31.67, a P/E/G ratio of 3.32 and a beta of 0.88. Paychex has a fifty-two week low of $115.40 and a fifty-two week high of $161.24. The business has a 50-day simple moving average of $152.08 and a two-hundred day simple moving average of $148.12. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.39 and a current ratio of 1.28.

Paychex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, July 21st will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.97%. Paychex’s dividend payout ratio is presently 94.53%.

Insider Buying and Selling

In related news, Director Joseph M. Velli sold 3,650 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $149.25, for a total value of $544,762.50. Following the completion of the transaction, the director directly owned 78,455 shares in the company, valued at approximately $11,709,408.75. The trade was a 4.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.40% of the company’s stock.

Institutional Trading of Paychex

Large investors have recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Paychex by 26.3% during the fourth quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock valued at $801,000 after purchasing an additional 1,190 shares during the period. Proficio Capital Partners LLC increased its stake in shares of Paychex by 117.4% in the fourth quarter. Proficio Capital Partners LLC now owns 4,057 shares of the business services provider’s stock worth $569,000 after acquiring an additional 2,191 shares during the period. Larson Financial Group LLC increased its position in shares of Paychex by 17.0% during the fourth quarter. Larson Financial Group LLC now owns 717 shares of the business services provider’s stock worth $101,000 after purchasing an additional 104 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Paychex by 34.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 200,650 shares of the business services provider’s stock worth $28,135,000 after purchasing an additional 51,470 shares during the period. Finally, Johnson Investment Counsel Inc. raised its stake in Paychex by 5.5% during the 4th quarter. Johnson Investment Counsel Inc. now owns 4,421 shares of the business services provider’s stock worth $620,000 after acquiring an additional 232 shares in the last quarter. 83.47% of the stock is owned by institutional investors.

About Paychex

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.