Paychex (PAYX) Reports $94.05 Share Price and 20.09 P/E Ratio

AI Summary

As of April 29, Paychex, Inc. (PAYX) shares were trading at $94.05, with a trailing P/E of 20.09 and a forward P/E of 15.17. The company projects to achieve cost synergies of $100 million by FY2026 through the Paycor acquisition, which expands its market addressable to over $100 billion. Despite a 36.88% depreciation in stock price since prior coverage, PAYX continues to grow high-margin service revenue at 7-9% and maintain a dividend yield of 4.6%. The company aims for a re-rating toward 23-24x forward earnings as it integrates AI initiatives for efficiency improvements.