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Paychex Inc Stock Research

PAYX

116.51USD+3.79(+3.36%)Market Closed
Watchlist

Market Summary

USD116.51+3.79
Market Closed
3.36%

PAYX Stock Price

PAYX RSI Chart

PAYX Valuation

Market Cap

40.6B

Price/Earnings (Trailing)

26.09

Price/Sales (Trailing)

8.12

EV/EBITDA

17.72

Price/Free Cashflow

26.11

PAYX Price/Sales (Trailing)

PAYX Profitability

Operating Margin

70.68%

EBT Margin

40.10%

Return on Equity

44.2%

Return on Assets

14.18%

Free Cashflow Yield

3.83%

PAYX Fundamentals

PAYX Revenue

Revenue (TTM)

5.0B

Revenue Y/Y

7.45%

Revenue Q/Q

-10.96%

PAYX Earnings

Earnings (TTM)

1.6B

Earnings Y/Y

18.22%

Earnings Q/Q

-25.03%

Price Action

52 Week Range

104.09129.70
(Low)(High)

Last 7 days

-2.9%

Last 30 days

-7.5%

Last 90 days

1.8%

Trailing 12 Months

-0.5%

PAYX Financial Health

Current Ratio

1.27

PAYX Investor Care

Dividend Yield

2.89%

Dividend/Share (TTM)

3.26

Shares Dilution (1Y)

0.17%

Diluted EPS (TTM)

4.3

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for PAYX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-28
GOLISANO B THOMAS
gifted
-86,578
120
-716
-
2023-08-07
DOODY JOSEPH
acquired
-
-
739
-
2023-08-01
Gioja Michael E
sold
-5,724,630
124
-45,810
sr. vice president
2023-08-01
Gioja Michael E
acquired
2,538,410
113
22,401
sr. vice president
2023-08-01
Schrader Robert L.
sold (taxes)
-26,923
125
-214
vp/controller
2023-07-28
MUCCI MARTIN
gifted
-7,913,450
126
-62,547
-
2023-07-17
RIVERA EFRAIN
sold
-2,433,730
120
-20,249
sr. vice president, cfo
2023-07-17
RIVERA EFRAIN
acquired
1,192,950
73.53
16,224
sr. vice president, cfo
2023-07-15
Gioja Michael E
acquired
-
-
12,615
sr. vice president
2023-07-15
VELLI JOSEPH M
acquired
-
-
765
-

1–10 of 50

Which funds bought or sold PAYX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-26
M Holdings Securities, Inc.
sold off
-100
-297,000
-
-%
2023-09-26
DecisionPoint Financial, LLC
unchanged
-
-1,154
47,433
0.03%
2023-09-21
Baystate Wealth Management LLC
added
2.24
-367
158,658
0.01%
2023-09-20
BARCLAYS PLC
added
80.53
52,678,000
121,769,000
0.08%
2023-09-14
IMS Capital Management
added
0.31
-37,875
1,793,390
1.00%
2023-09-13
CGC Financial Services, LLC
new
-
7,831
7,831
-%
2023-09-12
Farther Finance Advisors, LLC
reduced
-26.21
-39,608
102,025
0.02%
2023-09-07
ST GERMAIN D J CO INC
new
-
26,066
26,066
-%
2023-09-05
Delos Wealth Advisors, LLC
unchanged
-
-85.00
3,468
-%
2023-09-05
Covenant Partners, LLC
unchanged
-
-32,485
1,336,060
0.48%

1–10 of 46

Latest Funds Activity

Are funds buying PAYX calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own PAYX
No. of Funds

Schedule 13G FIlings of Paychex

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
8.54%
30,787,344
SC 13G/A
Feb 03, 2023
blackrock inc.
8.6%
30,829,500
SC 13G
Feb 02, 2023
golisano b thomas
10.5%
37,835,955
SC 13G
Feb 10, 2022
vanguard group inc
8.07%
29,121,393
SC 13G/A
Feb 03, 2022
golisano b thomas
10.%
3
SC 13G
Feb 01, 2022
blackrock inc.
8.4%
30,380,253
SC 13G/A
Feb 10, 2021
vanguard group inc
7.41%
26,739,244
SC 13G/A
Jan 29, 2021
blackrock inc.
8.8%
31,661,171
SC 13G/A
Jan 25, 2021
golisano b thomas
10.%
37
SC 13G/A
Feb 12, 2020
vanguard group inc
7.54%
27,049,108
SC 13G/A

Recent SEC filings of Paychex

View All Filings
Date Filed Form Type Document
Sep 08, 2023
8-K
Current Report
Sep 05, 2023
8-K
Current Report
Sep 01, 2023
ARS
ARS
Sep 01, 2023
DEF 14A
DEF 14A
Sep 01, 2023
DEFA14A
DEFA14A
Aug 28, 2023
4
Insider Trading
Aug 09, 2023
4
Insider Trading
Aug 02, 2023
4
Insider Trading
Aug 02, 2023
4
Insider Trading
Aug 01, 2023
144
Notice of Insider Sale Intent

PAYX Fair Value

Loading...

Peers (Alternatives to Paychex)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
374.0B
23.6B
-1.86% 36.29%
36.56
15.86
13.06% 5.47%
40.6B
5.0B
-7.51% -0.48%
26.09
8.12
8.57% 11.81%
27.7B
5.7B
2.19% 27.38%
30.03
4.83
12.68% 25.63%
27.2B
19.7B
-19.78% -17.23%
-100.55
1.38
20.89% 45.06%
14.2B
9.7B
-5.42% 17.36%
48.17
1.47
12.05% -42.51%
MID-CAP
6.6B
4.4B
-0.71% -16.39%
16.17
1.5
- -
5.5B
14.2B
-1.02% -13.92%
7.64
0.37
-10.50% -216.97%
4.9B
4.4B
8.72% -3.78%
6.47
1.11
-9.80% -15.47%
2.8B
780.1M
-3.08% 20.74%
36.7
3.6
13.07% -11.13%
SMALL-CAP
661.6B
290.5M
-19.17% 3.63%
-20.8K
2.3K
12.47% -281.17%
733.3M
3.8B
6.33% -1.18%
-2.22
0.19
-4.55% -409.35%
635.2M
290.5M
2.86% 31.90%
17.18
2.19
-1.10% -18.53%
265.7M
2.0B
-15.03% -57.12%
-2.51
0.13
1.13% -9.87%
215.8M
296.1M
-10.28% -6.71%
13.78
0.73
4.29% -12.43%

Paychex News

Nasdaq
Top Stock Reports for Alphabet, Exxon Mobil & Merck.
Nasdaq,
2 hours ago
Investor's Business Daily
Proactive Investors USA
Investor's Business Daily
Proactive Investors USA
finanznachrichten.de
Investing.com Türkiye
Investing.com México
Investing.com Nederland

Returns for PAYX

Cumulative Returns on PAYX

14.0%


10-Year Cumulative Returns

12.3%


7-Year Cumulative Returns

11.6%


5-Year Cumulative Returns

15.4%


3-Year Cumulative Returns

Risks for PAYX

What is the probability of a big loss on PAYX?

36.9%


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.

Drawdowns

Financials for Paychex

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.7%5,0074,9224,8174,7354,6124,4974,3324,2084,0573,9433,9743,9814,0414,1064,0343,9023,7733,6383,5043,4483,378
Costs and Expenses0.9%2,9742,9482,8922,8422,7722,6972,6272,5882,5962,5362,5662,5852,5802,6192,5842,5722,401---2,086
Operating Expenses--------------2,6302,5992,5022,4012,2792,2052,1532,086
  S&GA Expenses1.1%1,5211,5051,4701,4481,4151,3851,3381,3111,3251,2891,3071,3231,2991,3191,3031,2641,2231,1581,1371,1011,068
EBITDA-100.0%-2,1552,0962,0632,0161,9721,8781,7901,6621,6121,6181,6131,6861,7091,6751,6061,567----
EBITDA Margin-100.0%-0.44*0.44*0.44*0.44*0.44*0.43*0.43*0.41*0.41*0.41*0.41*0.42*0.42*0.42*0.41*0.42*----
Earnings Before Taxes3.8%2,0481,9731,9101,8731,8251,7821,6901,6021,4341,3801,3821,3691,4371,4561,4171,3901,3681,3621,3081,3031,300
EBT Margin-100.0%-0.40*0.40*0.40*0.40*0.40*0.39*0.38*0.35*0.35*0.35*0.34*0.36*0.35*0.35*0.36*0.36*0.37*0.38*--
Net Income3.6%1,5571,5031,4671,4381,3931,8601,7801,7201,0981,0551,0591,0461,0981,1081,0781,0551,0341,0221,0641,027994
Net Income Margin-100.0%-0.31*0.30*0.30*0.30*0.30*0.30*0.29*0.27*0.27*0.27*0.26*0.27*0.27*0.27*0.27*0.27*0.28*0.28*--
Free Cashflow-100.0%-1,4971,5021,3511,3731,4311,2601,3071,1461,1371,1851,2401,3141,1741,2161,1671,1481,1901,135--
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-0.5%10,54610,6049,2149,1269,63510,2849,6889,3679,2279,6668,6158,3778,5519,4678,7028,6388,67610,3637,0027,0507,915
  Current Assets-0.9%7,5287,5956,1986,0856,5827,2376,6326,3176,1706,6225,5925,3405,4656,3895,6285,5565,6787,2925,2905,0765,894
    Cash Equivalents-7.2%1,2221,3171,0971,1843702686361,1029957876948361,6607806015869356965114402,301
  Net PPE2.9%396385393398401400399395396393392396407404402403409405394389394
  Goodwill0.0%1,8341,8341,8301,8251,8321,8321,8321,8171,8211,8201,7991,7971,7911,7901,7861,7831,7831,782811813814
Liabilities-2.1%7,0537,2036,0095,9896,5506,9986,5686,3246,2796,6905,7265,5985,7696,7076,1326,1196,0577,7654,5784,6635,559
  Current Liabilities-2.6%5,8055,9584,7544,7025,2695,6885,2224,9584,9385,3564,3804,2634,4275,3904,8244,8244,8456,5504,3074,3975,297
  Short Term Borrowings0%10.0010.0010.0010.009.009.009.007.007.007.007.006.005.0051.0051.0057.00-54.0057.0057.00-
    LT Debt, Non Current0.0%798798798798798798798797797797797797797797797797796800---
Shareholder's Equity2.7%3,4933,4013,2053,1373,0853,2863,1203,0442,9482,9762,8902,7792,7812,7602,5692,5192,6202,5982,4252,3872,357
  Retained Earnings1.5%2,0231,9941,8111,7361,6701,7991,6071,5131,4461,4991,4191,3701,4311,4331,3011,2651,4101,4261,3031,2681,263
  Additional Paid-In Capital1.1%1,6261,6081,5891,5691,5461,5311,5061,4821,4471,4161,3941,3251,2901,2781,2531,2241,2061,1881,1661,1511,127
Shares Outstanding0%361361361360360361361360360361360359359359358359359359359359359
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations4.4%1,6991,6271,6361,4841,5061,5581,3851,4311,2601,2591,3071,3611,4411,3011,3391,2931,2721,3101,2541,2071,276
  Share Based Compensation5.0%63.0060.0056.0055.0053.0054.0053.0052.0053.0049.0049.0050.0047.0049.0047.0046.0046.0049.0048.0047.0045.00
Cashflow From Investing99.4%21911092.00-175-1,420-1,028-421-246-460-192-283-9.10772-725-1,116-1,239-1,62826.001,8031,866999
Cashflow From Financing38.9%-711-1,164-1,727-1,577-979-791-476-465-636-1,086-1,305-1,457-1,488-2,209-269-311-1,0081,371-2,111-1,951-423
  Dividend Payments3.2%1,1751,1391,0931,0461,000953938924909893892891889890868847827805784762740
  Buy Backs-----145---15676.0029.0029.0017219619619657.0082.0082.0082.00143

PAYX Income Statement

2023-05-31
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2023
May 31, 2022
May 31, 2021
Revenue:   
Total service revenue$ 4,907.3$ 4,554.0$ 3,997.5
Interest on funds held for clients99.857.759.3
Total revenue5,007.14,611.74,056.8
Expenses:   
Cost of service revenue1,453.01,356.31,271.2
Selling, general and administrative expenses1,521.01,415.41,324.9
Total expenses2,974.02,771.72,596.1
Operating income2,033.11,840.01,460.7
Other income/(expense), net15.1(15.4)(26.5)
Income before income taxes2,048.21,824.61,434.2
Income taxes490.9431.8336.7
Net income1,557.31,392.81,097.5
Other comprehensive loss, net of tax(26.0)(185.7)(4.7)
Comprehensive income$ 1,531.3$ 1,207.1$ 1,092.8
Basic earnings per share$ 4.32$ 3.86$ 3.05
Diluted earnings per share$ 4.30$ 3.84$ 3.03
Weighted-average common shares outstanding360.4360.6359.9
Weighted-average common shares outstanding, assuming dilution362.3363.1362.1
Management Solutions [Member]   
Revenue:   
Total service revenue$ 3,730.5$ 3,442.7$ 3,023.4
PEO And Insurance Solutions [Member]   
Revenue:   
Total service revenue$ 1,176.8$ 1,111.3$ 974.1

PAYX Balance Sheet

2023-05-31
Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2023
May 31, 2022
Assets  
Cash and cash equivalents$ 1,222.0$ 370.0
Restricted cash49.850.3
Corporate investments373.4853.9
Interest receivable24.422.3
Accounts receivable, net of allowance for credit losses873.3723.8
PEO unbilled receivables, net of advance collections528.5572.1
Prepaid income taxes48.134.0
Prepaid expenses and other current assets289.8272.3
Current assets before funds held for clients3,409.32,898.7
Funds held for clients4,118.83,682.9
Total current assets7,528.16,581.6
Long-term restricted cash 25.5
Long-term corporate investments3.85.0
Property and equipment, net of accumulated depreciation396.3401.3
Operating lease right-of-use assets, net of accumulated amortization61.578.7
Intangible assets, net of accumulated amortization187.4224.6
Goodwill1,834.01,831.5
Long-term deferred costs470.1433.3
Other long-term assets65.253.7
Total assets10,546.49,635.2
Liabilities  
Accounts payable84.7105.7
Accrued corporate compensation and related items209.9225.4
Accrued worksite employee compensation and related items763.9683.4
Short-term borrowings10.28.7
Deferred revenue47.338.4
Other current liabilities395.4388.4
Current liabilities before client fund obligations1,511.41,450.0
Client fund obligations4,294.03,819.2
Total current liabilities5,805.45,269.2
Accrued income taxes83.058.1
Deferred income taxes112.1165.5
Long-term borrowings, net of debt issuance costs798.2797.7
Operating lease liabilities57.374.8
Other long-term liabilities197.2184.7
Total liabilities7,053.26,550.0
Commitments and contingencies - Note P
Stockholders' equity  
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 360.5 shares as of May 31, 2023 and 359.9 shares as of May 31, 20223.63.6
Additional paid-in capital1,626.41,545.9
Retained earnings2,023.11,669.6
Accumulated other comprehensive loss(159.9)(133.9)
Total stockholders' equity3,493.23,085.2
Total liabilities and stockholders' equity$ 10,546.4$ 9,635.2
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.