PAYX stock icon

Paychex
PAYX

$123.71
0.8%

Market Cap: 44.6B

 

About: Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 745,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.

Employees: 16,500

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 11 analysts
0
News positive %
of 22 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

136% more call options, than puts

Call options by funds: $303M | Put options by funds: $128M

13% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 96

5% more capital invested

Capital invested by funds: $31.3B [Q4 2023] → $33B (+$1.67B) [Q1 2024]

1.67% more ownership

Funds ownership: 73.03% [Q4 2023] → 74.7% (+1.67%) [Q1 2024]

1% more funds holding

Funds holding: 1,471 [Q4 2023] → 1,483 (+12) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 15 [Q4 2023] → 15 (+0) [Q1 2024]

12% less repeat investments, than reductions

Existing positions increased: 519 | Existing positions reduced: 587

Research analyst outlook

11 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$111
10%
downside
Avg. target
$121
2%
downside
High target
$130
5%
upside

11 analyst ratings

positive
0%
neutral
82%
negative
18%
Barclays
Ramsey El-Assal
5%downside
$118
Equal-Weight
Maintained
1 Jul 2024
Morgan Stanley
James Faucette
1%downside
$122
Equal-Weight
Maintained
27 Jun 2024
RBC Capital
Ashish Sabadra
5%upside
$130
Sector Perform
Reiterated
27 Jun 2024
Baird
Mark Marcon
0%upside
$124
Neutral
Maintained
27 Jun 2024
B of A Securities
Jason Kupferberg
9%downside
$113
Underperform
Maintained
27 Jun 2024

Financial journalist opinion

Based on 22 articles about PAYX published over the past 30 days