Paychex (NASDAQ:PAYX) Issues 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.

Paychex Stock Up 4.9 %

PAYX opened at $140.79 on Wednesday. Paychex has a fifty-two week low of $106.27 and a fifty-two week high of $141.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.37 and a current ratio of 1.37. The company has a fifty day moving average of $129.53 and a two-hundred day moving average of $124.49. The stock has a market capitalization of $50.68 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 3.54 and a beta of 1.00.

Paychex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 8th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $3.92 annualized dividend and a dividend yield of 2.78%. Paychex’s dividend payout ratio (DPR) is presently 83.94%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bank of America upped their price target on shares of Paychex from $111.00 to $113.00 and gave the stock an underperform rating in a research report on Thursday, June 27th. Barclays upped their price target on shares of Paychex from $118.00 to $132.00 and gave the stock an equal weight rating in a research report on Monday, September 23rd. TD Cowen upped their price target on shares of Paychex from $121.00 to $126.00 and gave the stock a hold rating in a research report on Thursday, September 12th. Citigroup upped their price target on shares of Paychex from $125.00 to $145.00 and gave the stock a neutral rating in a research report on Wednesday, September 25th. Finally, Robert W. Baird reduced their price target on shares of Paychex from $126.00 to $124.00 and set a neutral rating for the company in a research report on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $125.62.

Insider Activity

In other news, VP Mark Anthony Bottini sold 8,954 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $123.60, for a total value of $1,106,714.40. Following the completion of the sale, the vice president now owns 79,232 shares of the company’s stock, valued at approximately $9,793,075.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Mark Anthony Bottini sold 8,954 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $123.60, for a total value of $1,106,714.40. Following the completion of the sale, the vice president now owns 79,232 shares of the company’s stock, valued at approximately $9,793,075.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $1,207,644.00. Following the completion of the sale, the director now directly owns 5,383 shares of the company’s stock, valued at approximately $676,104.80. The disclosure for this sale can be found here. Insiders sold a total of 45,673 shares of company stock valued at $5,636,085 in the last 90 days. Company insiders own 11.50% of the company’s stock.

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.