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Paychex Inc Stock Research

PAYX

108.67USD+1.67(+1.56%)Market Closed

Market Summary

USD108.67+1.67
Market Closed
1.56%

PAYX Stock Price

PAYX RSI Chart

PAYX Valuation

Market Cap

39.2B

Price/Earnings (Trailing)

26.71

Price/Sales (Trailing)

8.13

EV/EBITDA

18.17

Price/Free Cashflow

26.08

PAYX Price/Sales (Trailing)

PAYX Profitability

Operating Margin

70.47%

EBT Margin

39.66%

Return on Equity

45.76%

Return on Assets

15.92%

Free Cashflow Yield

3.83%

PAYX Fundamentals

PAYX Revenue

Revenue (TTM)

4.8B

Revenue Y/Y

7.38%

Revenue Q/Q

-1.32%

PAYX Earnings

Earnings (TTM)

1.5B

Earnings Y/Y

8.49%

Earnings Q/Q

-4.98%

Price Action

52 Week Range

104.94139.18
(Low)(High)

Last 7 days

-5.1%

Last 30 days

-7.4%

Last 90 days

-8.6%

Trailing 12 Months

-10.4%

PAYX Financial Health

Current Ratio

1.3

PAYX Investor Care

Dividend Yield

2.79%

Dividend/Share (TTM)

3.03

Buy Backs (1Y)

0.06%

Diluted EPS (TTM)

4.05

Peers (Alternatives to Paychex)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
335.8B
22.2B
-6.13% 4.21%
33.82
15.1
17.76% 14.31%
44.5B
17.5B
-3.58% -28.15%
-82.3
2.54
-0.73% -425.19%
39.2B
4.8B
-7.37% -10.43%
26.71
8.13
11.18% -17.61%
24.2B
5.5B
-11.56% 11.17%
30.02
4.43
15.67% 1.79%
12.0B
9.1B
-5.84% 7.71%
27.8
1.32
11.83% -25.03%
MID-CAP
8.0B
4.4B
-8.72% 3.39%
22.77
1.84
- -
5.4B
14.8B
-21.29% -25.03%
7.52
0.36
-10.79% 217.70%
4.0B
4.5B
-25.42% -36.83%
4.4
0.89
-11.74% 13.01%
2.6B
741.6M
8.00% 6.06%
28.25
3.52
34.69% 123.11%
SMALL-CAP
733.6M
3.9B
-23.97% -24.66%
-4.03
0.19
-6.81% -550.00%
571.5M
279.2M
-30.85% -51.37%
44.52
2.05
27.35% 125.63%
565.9M
293.9M
-19.71% -15.29%
11.89
1.93
9.71% 83.69%
235.8M
281.7M
-10.58% -31.37%
12.4
0.84
2.55% 41.96%
233.9M
2.0B
-37.32% -83.97%
-2.21
0.12
-3.63% 76.37%

Financials for Paychex

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.7%4,8174,7354,6124,4974,332
  S&GA Expenses1.5%1,4701,4481,4151,3851,338
Costs and Expenses1.8%2,8922,8422,7722,6972,627
EBITDA1.6%2,0962,0632,0161,972-
EBITDA Margin-0.1%0.44*0.44*0.44*0.44*-
Earnings Before Taxes2.0%1,9101,8731,8251,7821,690
EBT Margin0.3%0.40*0.40*0.40*0.40*-
Net Income2.0%1,4671,4381,3931,8601,780
Net Income Margin0.2%0.30*0.30*0.30*0.30*-
Free Cahsflow11.2%1,5021,3511,3731,431-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.0%9,2149,1269,63510,2849,688
  Current Assets1.9%6,1986,0856,5827,2376,632
    Cash Equivalents-7.4%1,0971,184370268636
  Net PPE-1.3%393398401400399
  Goodwill0.3%1,8301,8251,8321,8321,832
Liabilities0.3%6,0095,9896,5506,9986,568
  Current Liabilities1.1%4,7544,7025,2695,6885,222
.    Short Term Borrowings-1.9%10.0010.009.009.009.00
    LT Debt, Non Current0.0%798798798798798
Shareholder's Equity2.2%3,2053,1373,0853,2863,120
  Retained Earnings4.3%1,8111,7361,6701,7991,607
  Additional Paid-In Capital1.3%1,5891,5691,5461,5311,506
Shares Outstanding0.0%361360360361361
Float-30,609----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations10.2%1,6361,4841,5061,5581,385
  Share Based Compensation2.4%56.0055.0053.0054.0053.00
Cashflow From Investing152.5%92.00-175-1,420-1,028-421
Cashflow From Financing-9.5%-1,727-1,577-979-791-476
  Dividend Payments4.4%1,0931,0461,000953938
  Buy Backs-145----

Risks for PAYX

What is the probability of a big loss on PAYX?

28.9%


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

Returns for PAYX

Cumulative Returns on PAYX

15.5%


10-Year Cumulative Returns

13.7%


7-Year Cumulative Returns

13.2%


5-Year Cumulative Returns

17.3%


3-Year Cumulative Returns

What are the long-term rolling returns for PAYX?

FIve years rolling returns for Paychex.

Annualized Returns

Which funds bought or sold PAYX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
3.46
106,486
1,749,490
0.05%
2023-03-13
Claro Advisors LLC
added
18.03
138,555
839,555
0.28%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
2.56
3,626,170
68,082,200
0.07%
2023-03-10
BAILLIE GIFFORD & CO
unchanged
-
405
13,405
-%
2023-03-10
MATHER GROUP, LLC.
reduced
-2.46
2,052
367,052
0.01%
2023-03-08
SHEETS SMITH WEALTH MANAGEMENT
reduced
-2.66
14,128
5,676,130
0.89%
2023-03-07
Great Lakes Retirement, Inc.
new
-
1,583,630
1,583,630
0.41%
2023-03-07
Nordwand Advisors, LLC
new
-
872,362
872,362
0.11%
2023-03-06
Rockefeller Capital Management L.P.
added
9.61
317,000
2,769,000
0.01%
2023-03-03
TIAA, FSB
reduced
-2.95
-279
1,083,720
-%

1–10 of 47

Latest Funds Activity

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

Paychex News

MarketWatch

Intuit Inc. stock outperforms market despite losses on the day.

MarketWatch,
2 days ago

Yahoo Finance

11 Best Debt Free Stocks to Buy.

Yahoo Finance,
8 days ago

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

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

71.80

-33.93%

88.26

-18.78%

116.48

7.19%

153.76

41.49%

181.72

67.22%
Current Inflation

65.25

-39.96%

79.00

-27.30%

102.22

-5.94%

133.00

22.39%

155.93

43.49%
Very High Inflation

57.26

-47.31%

67.96

-37.46%

85.63

-21.20%

109.26

0.54%

126.70

16.59%

Historical Paychex Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Paychex

View All Filings
Date Filed Form Type Document
Mar 14, 2023
4
Insider Trading
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 07, 2023
8-K
Current Report
Feb 03, 2023
SC 13G
Major Ownership Report
Feb 02, 2023
SC 13G
Major Ownership Report
Jan 25, 2023
3
Insider Trading
Jan 24, 2023
8-K
Current Report
Jan 17, 2023
4
Insider Trading
Dec 28, 2022
4
Insider Trading
Dec 22, 2022
10-Q
Quarterly Report

Latest Insider Trading transactions for PAYX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-13
GOLISANO B THOMAS
gifted
-101,858
111
-915
-
2023-01-13
Gibson John B
sold
-23,340
120
-194
president and ceo
2022-12-28
Gioja Michael E
sold
-1,584,680
115
-13,744
sr. vice president
2022-11-30
GOLISANO B THOMAS
gifted
-99,820
122
-813
-
2022-10-20
RIVERA EFRAIN
sold
-33,095
111
-298
sr. vice president, cfo
2022-10-20
Bottini Mark Anthony
sold
-23,877
111
-215
sr. vp of sales
2022-10-20
Gioja Michael E
sold
-27,653
111
-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
110
-222
sr. vice president

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

2022-11-30
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2022
Nov. 30, 2021
Revenue:    
Total service revenue$ 1,168.6$ 1,094.4$ 2,356.9$ 2,162.8
Interest on funds held for clients21.714.139.628.6
Total revenue1,190.31,108.52,396.52,191.4
Expenses:    
Cost of service revenue359.3331.6710.3644.1
Selling, general and administrative expenses358.7336.6718.3664.1
Total expenses718.0668.21,428.61,308.2
Operating income472.3440.3967.9883.2
Other income/(expense), net2.9(2.7)(0.7)(1.7)
Income before income taxes475.2437.6967.2881.5
Income taxes114.9105.5227.7215.8
Net income360.3332.1739.5665.7
Other comprehensive loss, net of tax(26.9)(41.3)(64.4)(48.0)
Comprehensive income$ 333.4$ 290.8$ 675.1$ 617.7
Basic earnings per share$ 1.00$ 0.92$ 2.05$ 1.85
Diluted earnings per share$ 0.99$ 0.91$ 2.04$ 1.83
Weighted-average common shares outstanding360.5360.7360.2360.4
Weighted-average common shares outstanding, assuming dilution362.3363.1362.3362.9
Management Solutions [Member]    
Revenue:    
Total service revenue$ 895.3$ 832.0$ 1,800.8$ 1,637.5
PEO And Insurance Solutions [Member]    
Revenue:    
Total service revenue$ 273.3$ 262.4$ 556.1$ 525.3

PAYX Balance Sheet

2022-11-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 30, 2022
May 31, 2022
ASSETS  
Cash and cash equivalents$ 1,096.5$ 370.0
Restricted cash57.850.3
Corporate investments165.6853.9
Interest receivable23.222.3
Accounts receivable, net of allowance for credit losses873.6723.8
PEO unbilled receivables, net of advance collections494.8572.1
Prepaid income taxes67.334.0
Prepaid expenses and other current assets286.7272.3
Current assets before funds held for clients3,065.52,898.7
Funds held for clients3,132.73,682.9
Total current assets6,198.26,581.6
Long-term restricted cash10.425.5
Long-term corporate investments3.95.0
Property and equipment, net of accumulated depreciation393.0401.3
Operating lease right-of-use assets, net of accumulated amortization70.778.7
Intangible assets, net of accumulated amortization203.9224.6
Goodwill1,830.01,831.5
Long-term deferred costs443.6433.3
Other long-term assets60.653.7
Total assets9,214.39,635.2
LIABILITIES  
Accounts payable86.7105.7
Accrued corporate compensation and related items173.8225.4
Accrued worksite employee compensation and related items742.0683.4
Short-term borrowings10.18.7
Deferred revenue44.838.4
Other current liabilities346.1388.4
Current liabilities before client fund obligations1,403.51,450.0
Client fund obligations3,350.43,819.2
Total current liabilities4,753.95,269.2
Accrued income taxes65.658.1
Deferred income taxes129.8165.5
Long-term borrowings, net of debt issuance costs797.9797.7
Operating lease liabilities66.874.8
Other long-term liabilities195.0184.7
Total liabilities6,009.06,550.0
Commitments and contingencies - Note H
STOCKHOLDERS' EQUITY  
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 360.5 shares as of November 30, 2022 and 359.9 shares as of May 31, 20223.63.6
Additional paid-in capital1,588.61,545.9
Retained earnings1,811.41,669.6
Accumulated other comprehensive loss(198.3)(133.9)
Total stockholders' equity3,205.33,085.2
Total liabilities and stockholders' equity$ 9,214.3$ 9,635.2