Paychex downgraded by TD Cowen with a new price target
$PAYX
Diversified Commercial Services
Consumer Discretionary
TD Cowen downgraded Paychex from Outperform to Market Perform and set a new price target of $123.00 from $132.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/22/2023 | $132.00 → $123.00 | Outperform → Market Perform | TD Cowen |
| 12/14/2023 | $107.00 → $126.00 | Underweight → Equal Weight | Barclays |
| 11/7/2023 | $120.00 | Neutral | UBS |
| 9/5/2023 | $130.00 | Sector Perform | RBC Capital Mkts |
| 6/2/2023 | $115.00 | Neutral | UBS |
| 4/3/2023 | $119.00 → $105.00 | Neutral → Underperform | BofA Securities |
| 1/17/2023 | $110.00 | Equal Weight → Underweight | Barclays |
| 3/9/2022 | $125.00 | Underperform → Neutral | BofA Securities |
4 - PAYCHEX INC (0000723531) (Issuer)
4 - PAYCHEX INC (0000723531) (Issuer)
4 - PAYCHEX INC (0000723531) (Issuer)
Today the Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $0.98 per share payable on November 27, 2024 to shareholders of record as of November 7, 2024. About Paychex Paychex, Inc. (NASDAQ:PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves over 745,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. To le
Sustained Growth in Revenue and Earnings Returned $457 Million to Stockholders Through Dividends and Share Repurchases Launched Several New Digital Solutions Designed to Help Businesses Succeed Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today reported results for the fiscal quarter ended August 31, 2024 (the "first quarter"). Results compared with the same period last year were as follows: For the three months ended August 31, August 31, In millions, except per share amounts 2024 2023 Change(2) Total revenue $ 1,318.5 $ 1,286.0 3 % Operating inco
Paychex, Inc. (NASDAQ:PAYX) will release financial results for its fiscal 2025 first quarter ended August 31, 2024. Paychex will deliver results via Business Wire before the financial markets open on Tuesday, October 1, 2024. The company will host a conference call at 9:30 a.m. ET on Tuesday, October 1, 2024, to review the results for the quarter. Participating in this call will be John Gibson, president and CEO, and Bob Schrader, senior vice president and CFO. The conference call will be available online as a live broadcast on the Paychex Investor Relations portal. Listeners should access the site before the live call to ensure proper configuration. After the live call, an on-demand webc
TD Cowen downgraded Paychex from Outperform to Market Perform and set a new price target of $123.00 from $132.00 previously
Barclays upgraded Paychex from Underweight to Equal Weight and set a new price target of $126.00 from $107.00 previously
UBS initiated coverage of Paychex with a rating of Neutral and set a new price target of $120.00
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector. Paychex, Inc. (NASDAQ:PAYX) Dividend Yield: 3.22% Morgan Stanley analyst James Faucett
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Barclays analyst Ramsey El-Assal maintains Paychex (NASDAQ:PAYX) with a Equal-Weight and lowers the price target from $120 to $118.
Robert L. Schrader, Paychex Vice President of Finance and Investor Relations, to succeed Rivera as CFO effective October 13th Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, announced today that Efrain Rivera, senior vice president and chief financial officer will retire as CFO, effective October 12th, 2023. Rivera will remain as a senior advisor for the remainder of 2023. Robert L. Schrader, currently vice president of Finance and Investor Relations, will be named senior vice president and CFO, effective October 13, 2023. "On behalf of the board of directors, the management team,
Experienced business leader Theresa M. Payton appointed to Paychex Board of Directors ROCHESTER, N.Y., Jan. 24, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that the company's Board of Directors has voted to expand to 12 members from 11 members. The Board has also appointed Theresa M. Payton to fill the new position. Ms. Payton is the founder and CEO of Fortalice Solutions, a firm advising Fortune 150 Boards, C-Suite, and regulators on secured technology innovation and transformation efforts regarding customer delivery and privacy.
ROCHESTER, N.Y., Oct. 14, 2022 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that the company's board of directors has voted to expand from 10 to 11 members. The board has appointed Paychex president and CEO John B. Gibson, Jr. to fill the new position. Gibson is the fourth president and CEO in the 50-year history of Paychex. In addition to his appointment to the board of directors, Gibson will serve on the executive committee of the b
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8-K - PAYCHEX INC (0000723531) (Filer)
10-Q - PAYCHEX INC (0000723531) (Filer)
8-K - PAYCHEX INC (0000723531) (Filer)
Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, announced today a new premium HR Analytics solution that couples real-time data with generative AI Insights capabilities, providing small- and medium-sized businesses with enterprise-level solutions to help drive more strategic and informed decisions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121139647/en/HR Analytics Premium Plus enables businesses to benchmark workforce data against industry and geographic location data to make more informed and effective d
The company introduces an alternative to traditional loans and credit lines Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has introduced Paychex Funding Solutions to give small- and mid-sized businesses quick access to capital as business needs arise. Paychex Funding Solutions, which includes Paychex companies Advance Partners and Alterna Capital Solutions, provides up-front capital based on a business's assets through invoice factoring. It's a solution for payroll, vendor payments, and growth reinvestment and is available to any business-to-business organization withou
Paychex Small Business Employment Watch also shows the immediate impact of recent hurricanes in Florida and North Carolina The Paychex Small Business Employment Watch reported a national index level of 100.06 for small business job growth in the month of October. The jobs index has averaged 100.29 through the first 10 months of 2024, indicating modest job growth in U.S. small businesses with fewer than 50 employees. At the same time, hourly earnings growth in October was 3.02% and weekly earnings growth remained below three percent for the ninth-straight month, marking its lowest level since August 2021. This press release features multimedia. View the full release here: https://www.busine