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PAYX

120.15USD-0.32(-0.27%)Market Closed

Paychex Inc

Market Summary

USD120.15-0.32Market Closed
-0.27%

PAYX Stock Price

RSI Chart

Valuation

Market Cap

43.2B

Price/Earnings

30.01

Price/Sales

9.12

Price/Cashflow

29.09

MarketCap/EBT

23.05

Price/Sales

Profitability

Operating Margin

70.54%

EBT Margin

39.55%

Return on Equity

45.85%

Return on Assets

15.76%

Fundamentals

Revenue

Revenue (TTM)

4.7B

Earnings

Earnings (TTM)

1.4B

Price Action

52 Week Range

104.94139.18
(Low)(High)

Last 7 days

-2.1%

Last 30 days

1.0%

Last 90 days

-1.9%

Trailing 12 Months

-0.4%

Financial Health

Current Ratio

1.29

Investor Care

Dividend Yield

2.42%

Dividend/Share (TTM)

2.9

Peers (Alternatives to Paychex)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
319.9B
21.6B
4.15% 6.68%
32.98
14.79
21.63% 34.86%
43.2B
4.7B
0.99% -0.39%
30.01
9.12
12.54% 17.95%
35.6B
16.3B
1.34% -70.82%
-72.87
2.19
2.24% -185.26%
23.9B
5.1B
12.61% 4.64%
32.47
4.68
16.51% 28.63%
14.4B
8.8B
-2.00% 25.66%
27.18
1.63
10.51% -10.41%
MID-CAP
8.9B
4.2B
-7.50% -9.36%
25.93
2.1
- -
6.9B
15.8B
-2.61% -6.16%
12.68
0.43
-8.85% 62.28%
5.4B
4.9B
4.03% -6.73%
6.04
1.1
-3.28% 9.73%
2.6B
689.9M
-10.09% 4.51%
30.71
3.83
66.02% 1186.66%
SMALL-CAP
884.8M
4.0B
-3.41% -24.43%
8.27
0.22
-4.07% 729.41%
694.8M
293.7M
4.01% 8.75%
15.31
2.37
15.69% 118.43%
601.3M
2.0B
-54.57% -78.36%
-2.68
0.3
-5.25% 53.71%
549.4M
258.3M
39.32% -47.53%
-65.73
2.13
46.73% 81.42%
264.5M
283.9M
-5.96% -37.29%
14.79
0.93
7.07% 62.11%

Financials for Paychex

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue2.7%4,7354,6124,4974,3324,208
  S&GA Expenses2.3%1,4481,4151,3851,3381,311
Earnings Before Taxes2.6%1,8731,8251,7821,6901,602
Net Income3.3%1,4381,3931,3591,2791,220
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-5.3%9,1269,63510,2849,6889,367
  Current Assets-7.5%6,0856,5827,2376,6326,317
    Cash Equivalents361.1%1,7063702686361,102
  Net PPE-0.8%398401400399395
  Goodwill-0.3%1,8251,8321,8321,8321,817
Liabilities-8.6%5,9896,5506,9986,5686,324
  Current Liabilities-10.8%4,7025,2695,6885,2224,958
.    Short Term Borrowings18.4%109997
    LT Debt, Non Current0.0%798798798798797
Shareholder's Equity1.7%3,1373,0853,2863,1203,044
  Retained Earnings4.0%1,7361,6701,7991,6071,513
  Additional Paid-In Capital1.0%1,5461,5311,5061,482-
Shares Outstanding0.1%360360361361361
Float-30,609----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-1.4%1,4841,5061,5581,3851,431
  Share Based Compensation3.8%5553545352
Cashflow From Investing87.6%-175.50-1,420.90-1,028.40-421.60-246.60
Cashflow From Financing-61.1%-1,577.30-979.30-791.90-476.90-465.30
  Dividend Payments4.9%1,000953938924
  Buy Backs14.4%145127127

Risks

What is the probability of a big loss on PAYX?

22.7%


Probability that Paychex stock will be more than 20% underwater in next one year

19.2%


Probability that Paychex stock will be more than 30% underwater in next one year.

18.5%


Probability that Paychex stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PAYX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Paychex was unfortunately bought at previous high price.

Returns

Cumulative Returns on PAYX

17.6%


10-Year Cumulative Returns

15.5%


7-Year Cumulative Returns

15.6%


5-Year Cumulative Returns

14.9%


3-Year Cumulative Returns

What are the long-term rolling returns for PAYX?

FIve years rolling returns for Paychex.

Which funds bought or sold PAYX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
SALEM CAPITAL MANAGEMENT INC
UNCHANGED
-
-22,000
1,441,000
1.14%
2022-11-23
Eagle Bay Advisors LLC
REDUCED
-7.25
-4,142
43,000
0.03%
2022-11-23
Toroso Investments, LLC
ADDED
20.64
323,000
2,029,000
0.08%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
3,363,000
3,363,000
0.04%
2022-11-22
SMITH CHAS P & ASSOCIATES PA CPAS
ADDED
0.7
-3,000
370,000
0.03%
2022-11-22
CVA Family Office, LLC
ADDED
4.1
3,000
114,000
0.03%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
26.81
328,000
1,643,000
0.05%
2022-11-22
IHT Wealth Management, LLC
ADDED
24.44
77,000
414,000
0.03%
2022-11-21
Parallax Volatility Advisers, L.P.
NEW
-
2,140,000
2,140,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.36
-1,818,000
63,135,000
0.11%

1–10 of 47

Latest Funds Activity

Are funds buying PAYX calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own PAYX

Paychex News

MarketWatch

Paychex Inc. stock outperforms competitors despite losses on the day.14 hours ago

PAYX Fair Value

Paychex fair value in different scenarios

The table shows the Fair Value estimates for Paychex for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

64.20

-46.57%

86.48

-28.02%

106.15

-11.65%

138.45

15.23%

168.49

40.23%

Current Inflation

58.09

-51.65%

76.60

-36.25%

92.37

-23.12%

119.38

-0.64%

144.07

19.91%

Very High Inflation

50.69

-57.81%

64.99

-45.91%

76.52

-36.31%

97.65

-18.73%

116.50

-3.04%

Historical Paychex Fair Value Estimates


Recent SEC filings of Paychex

View All Filings
Date Filed Form Type Document
Oct 24, 2022
4
Insider Trading
Oct 24, 2022
4
Insider Trading
Oct 24, 2022
4
Insider Trading
Oct 18, 2022
4
Insider Trading
Oct 18, 2022
4
Insider Trading
Oct 14, 2022
8-K
Current Report
Oct 11, 2022
4
Insider Trading
Sep 29, 2022
10-Q
Quarterly Report
Sep 29, 2022
DEFA14A
DEFA14A
Sep 28, 2022
8-K
Current Report

Latest Insider Trading transactions for PAYX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-10-20
RIVERA EFRAIN
SOLD
-33,095.9
111.06
-298
Sr. Vice President, CFO
2022-10-20
Bottini Mark Anthony
SOLD
-23,877.9
111.06
-215
Sr. VP of Sales
2022-10-20
Gioja Michael E
SOLD
-27,653.9
111.06
-249
Sr. Vice President
2022-10-15
Gibson John B
ACQUIRED
-
-
3,663
President and CEO
2022-10-15
MUCCI MARTIN
ACQUIRED
-
-
916
-
2022-10-14
Gioja Michael E
GIFTED
-24,479.9
110.27
-222
Sr. Vice President
2022-10-14
MUCCI MARTIN
SOLD
-
-
-12,391
-
2022-10-07
FLASCHEN DAVID J S
ACQUIRED
94,860
47.43
2,000
-
2022-08-29
FLASCHEN DAVID J S
SOLD
-
-
-8,994
-
2022-08-29
GOLISANO B THOMAS
GIFTED
-96,932.6
134.07
-723
-

1–10 of 50

Martin Mucci
15000
Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, the company offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, it provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. The company markets and sells its services primarily through its direct sales force. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.

PAYX Income Statement

2022-08-31
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Revenue:  
Total service revenue$ 1,188.3$ 1,068.4
Interest on funds held for clients17.914.5
Total revenue1,206.21,082.9
Expenses:  
Cost of service revenue351.0312.5
Selling, general and administrative expenses359.6327.5
Total expenses710.6640.0
Operating income495.6442.9
Other (expense)/income, net(3.6)1.0
Income before income taxes492.0443.9
Income taxes112.8110.3
Net income379.2333.6
Other comprehensive loss, net of tax(37.5)(6.7)
Comprehensive income$ 341.7$ 326.9
Basic earnings per share$ 1.05$ 0.93
Diluted earnings per share$ 1.05$ 0.92
Weighted-average common shares outstanding360.1360.1
Weighted-average common shares outstanding, assuming dilution362.4362.8
Management Solutions [Member]  
Revenue:  
Total service revenue$ 905.5$ 805.5
PEO And Insurance Solutions [Member]  
Revenue:  
Total service revenue$ 282.8$ 262.9

PAYX Balance Sheet

2022-08-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2022
May 31, 2022
ASSETS  
Cash and cash equivalents$ 1,184.2$ 370.0
Restricted cash60.150.3
Corporate investments45.8853.9
Interest receivable20.622.3
Accounts receivable, net of allowance for credit losses876.4723.8
PEO unbilled receivables, net of advance collections476.3572.1
Prepaid income taxes 34.0
Prepaid expenses and other current assets286.2272.3
Current assets before funds held for clients2,949.62,898.7
Funds held for clients3,135.83,682.9
Total current assets6,085.46,581.6
Long-term restricted cash32.625.5
Long-term corporate investments3.95.0
Property and equipment, net of accumulated depreciation398.1401.3
Operating lease right-of-use assets, net of accumulated amortization74.778.7
Intangible assets, net of accumulated amortization212.5224.6
Goodwill1,825.31,831.5
Long-term deferred costs441.1433.3
Other long-term assets52.353.7
Total assets9,125.99,635.2
LIABILITIES  
Accounts payable84.7105.7
Accrued corporate compensation and related items138.7225.4
Accrued worksite employee compensation and related items715.0683.4
Short-term borrowings10.38.7
Accrued income taxes40.0 
Deferred revenue40.838.4
Other current liabilities361.4388.4
Current liabilities before client fund obligations1,390.91,450.0
Client fund obligations3,311.33,819.2
Total current liabilities4,702.25,269.2
Accrued income taxes61.758.1
Deferred income taxes157.1165.5
Long-term borrowings, net of debt issuance costs797.8797.7
Operating lease liabilities71.074.8
Other long-term liabilities198.7184.7
Total liabilities5,988.56,550.0
Commitments and contingencies - Note H
STOCKHOLDERS' EQUITY  
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 360.4 shares as of August 31, 2022 and 359.9 shares as of May 31, 20223.63.6
Additional paid-in capital1,568.91,545.9
Retained earnings1,736.31,669.6
Accumulated other comprehensive loss(171.4)(133.9)
Total stockholders' equity3,137.43,085.2
Total liabilities and stockholders' equity$ 9,125.9$ 9,635.2