Paychex, Inc. (PAYX), is a provider of integrated payroll, human Resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. The Company focuses on providing payroll and human Resource services; delivering these services; growing its client base, through the efforts of its direct sales force; improving client service, through its leading-edge technology; capitalizing on the growth opportunities within its existing client base and from new clients; investing in business through expansion of its services and product offerings; and supplementing its growth through strategic acquisitions. The Company offers services and products that allow its clients to meet their diverse payroll and human Resource needs. These include: payroll processing; payroll tax administration services; employee payment services; regulatory compliance services; Paychex HR Services; retirement services administration; insurance services; and online HR administration services.
Reported before open today (6/30/16) Earnings: EPS $0.49 Revenue $753.9M Estimates: EPS $0.49 Revenue $751.52M Up 5.27% today so far
Upcoming dividend information: Ex-Div-Date: 10/28/16 Payment Date: 11/22/16 Dividend: $0.46 Current Price: $56.20 Annual Yield: 3.27%
PAYX hit double top resistance level at $61.85 on the daily chart. This alerts me to a probable pull back in the stock price, with a target of $55.00... simple trade here to play...
Reported earnings today. The previous two ERs they guided up, but not this time. A few days ago Square rolled out a payroll app. At the top of a channel that it has held for 7 years. Weekly chart: The stock has done fine, but has not outperformed the index
Dividend Stock Spotlight: Paychex (PAYX) Mon, Oct 7, 2019 Stocks got a shot in the arm at the end of last week thanks to the Nonfarm Payrolls report. As we discussed in Friday's Bespoke Report, although the headline number missed expectations, the report's data showed strength in other labor market metrics such as the employment-population ratio and wage growth. With its business closely tied to the labor market as a payroll and HR solutions provider, the second-largest payroll accounting firm behind only Automatic Data Processing (ADP), Paychex (PAYX) outperformed on the day with a 2.17% rally. More significantly, this rally helped to lift PAYX out of a downtrend that has been in place since June. It was also the first time that the stock closed in overbought territory (at least one standard deviation above its 50-day moving average) since June. In addition to the more positive technical set-up, PAYX has an attractive dividend that currently yields 2.98%. That is a much larger yield than other stocks in the Software and Services industry group, averaging 1.7%, and the broader S&P 500. The yield for PAYX's closest comp, Automatic Data Processing (ADP), is nearly a full percentage point lower at 1.99%. Though they have much smaller market caps, other comparables including Paycom Software (PAYC) and Paylocity (PCTY) do not pay a dividend. In terms of security, PAYX has a long history of paying a dividend going back to 1988 and has paid shareholders for each quarter consecutively over the past five years. The dividend has grown 63% (from $0.38 in 2014 to $0.62 last quarter) in this time. The first two quarters of 2013 did not see a dividend declared but this was the only time this happened in the past three decades. The payout ratio is currently 84.15%, which is somewhat high but in line with the average for the ratio over the past ten years. The next payout is expected to be declared on October 10th at $0.62 per share. Moving back to technicals, below are price charts of PAYX's competitors. While PAYX managed to break its downtrend on Friday, none of these did and they're still well off their recent highs.
