Analysis of PAYX Dividend Predictions and Performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: NASDAQ.COM
- Dividend Yield Expectation: PAYX currently has an estimated annualized dividend yield of 4.05%, and while dividends are not always predictable, historical data aids in assessing the likelihood of continued payouts.
- Price Volatility Analysis: The 52-week low for PAYX is $106.47 per share, with a high of $161.24, and the latest trade at $107.18 indicates the stock is hovering near its low, potentially affecting investor confidence.
- Market Performance Overview: In Monday trading, Paychex Inc shares are down about 0.5%, reflecting a cautious market sentiment regarding its short-term performance, which may influence future investment decisions.
- Technical Indicator Reference: The comparison of PAYX's stock performance against its 200-day moving average provides a technical analysis perspective, assisting investors in evaluating long-term trends and potential investment opportunities.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy PAYX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on PAYX
Wall Street analysts forecast PAYX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAYX is 120.55 USD with a low forecast of 110.00 USD and a high forecast of 126.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
0 Buy
10 Hold
2 Sell
Hold
Current: 102.450
Low
110.00
Averages
120.55
High
126.00
Current: 102.450
Low
110.00
Averages
120.55
High
126.00
About PAYX
Paychex, Inc. is a human capital management (HCM) company. The Company is engaged in delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. It is a provider of integrated HCM solutions for human resources (HR), payroll, benefits, and insurance for small- to medium-sized businesses in the United States (U.S.) and parts of Europe. It supports its small-business clients by utilizing its proprietary, software as a service (SaaS) Paychex Flex platform and the Company’s SurePayroll SaaS-based solutions. Its HR solutions include HR packages, HR consulting, employee onboarding, hiring services, and artificial intelligence -assisted recruiting. Its payroll services include payroll packages, small business payroll, midsize to enterprise payroll, switch payroll companies, and payroll tax services. Its employee benefits services include Group health insurance, retirement services, and benefits administration services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of PAYX Dividend Predictions and Performance
- Dividend Yield Expectation: PAYX currently has an estimated annualized dividend yield of 4.05%, and while dividends are not always predictable, historical data aids in assessing the likelihood of continued payouts.
- Price Volatility Analysis: The 52-week low for PAYX is $106.47 per share, with a high of $161.24, and the latest trade at $107.18 indicates the stock is hovering near its low, potentially affecting investor confidence.
- Market Performance Overview: In Monday trading, Paychex Inc shares are down about 0.5%, reflecting a cautious market sentiment regarding its short-term performance, which may influence future investment decisions.
- Technical Indicator Reference: The comparison of PAYX's stock performance against its 200-day moving average provides a technical analysis perspective, assisting investors in evaluating long-term trends and potential investment opportunities.
Continue Reading
Paychex Expands Board to 11 Members, Appoints J. Michael Hansen as Independent Director
- Board Expansion: Paychex's Board of Directors has expanded from 10 to 11 members with the appointment of J. Michael Hansen as an independent director, aimed at enhancing corporate governance and strategic decision-making.
- Financial Expertise: Hansen brings over 10 years of CFO experience from Cintas, providing deep financial knowledge that is expected to significantly support Paychex's financial operations and strategic development.
- Audit Committee Role: Hansen has been appointed to the Board's Audit Committee, where his extensive auditing experience will enhance the company's financial transparency and compliance.
- Industry Influence: Hansen's tenure at Cintas and familiarity with Paycor will provide strategic guidance for Paychex's sustained growth and competitive positioning in the HCM sector.
Continue Reading