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PAYX

PAYX - Paychex Inc Stock Price, Fair Value and News

122.70USD-1.54 (-1.24%)Delayed

Market Summary

PAYX
USD122.70-1.54
Delayed
-1.24%

PAYX Alerts

  • 2 major insider sales recently.

PAYX Stock Price

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PAYX RSI Chart

PAYX Valuation

Market Cap

44.2B

Price/Earnings (Trailing)

26.14

Price/Sales (Trailing)

8.37

EV/EBITDA

18

Price/Free Cashflow

25.45

PAYX Price/Sales (Trailing)

PAYX Profitability

Operating Margin

71.97%

EBT Margin

42.02%

Return on Equity

44.47%

Return on Assets

16.28%

Free Cashflow Yield

3.93%

PAYX Fundamentals

PAYX Revenue

Revenue (TTM)

5.3B

Rev. Growth (Yr)

5.33%

Rev. Growth (Qtr)

-10.02%

PAYX Earnings

Earnings (TTM)

1.7B

Earnings Growth (Yr)

8.42%

Earnings Growth (Qtr)

-23.81%

Breaking Down PAYX Revenue

Last 7 days

3.7%

Last 30 days

-2.2%

Last 90 days

2.7%

Trailing 12 Months

-0.9%

How does PAYX drawdown profile look like?

PAYX Financial Health

Current Ratio

1.37

Debt/Equity

0.21

Debt/Cashflow

2.38

PAYX Investor Care

Dividend Yield

2.97%

Dividend/Share (TTM)

3.65

Buy Backs (1Y)

0.12%

Diluted EPS (TTM)

4.67

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20245.2B5.3B00
20234.9B5.0B5.1B5.2B
20224.5B4.6B4.7B4.8B
20213.9B4.1B4.2B4.3B
20204.1B4.0B4.0B4.0B
20193.6B3.8B3.9B4.0B
20183.3B3.4B3.4B3.5B
20173.1B3.2B3.2B3.2B
20162.9B3.0B3.0B3.1B
20152.7B2.7B2.8B2.8B
20142.5B2.5B2.6B2.6B
20132.3B2.3B2.4B2.4B
20122.2B2.2B2.2B2.3B
20112.1B2.1B2.1B2.2B
20102.0B2.0B2.0B2.0B
20092.1B2.1B2.0B2.0B
200802.1B2.1B2.1B
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Tracking the Latest Insider Buys and Sells of Paychex Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Aug 24, 2024
flaschen david j s
bought
5,556
122
45.431
-
Jul 17, 2024
doody joseph
sold
-
-
-765
-
Jul 17, 2024
doody joseph
acquired
-
-
765
-
Jul 15, 2024
roaldsen elizabeth
sold (taxes)
-26,637
121
-219
sr. vice president
Jul 15, 2024
bottini mark anthony
acquired
-
-
10,309
sr. vp of sales
Jul 15, 2024
mucci martin
acquired
-
-
896
-
Jul 15, 2024
gibson john b
sold
-1,514,450
119
-12,670
president and ceo
Jul 15, 2024
gioja michael e
sold (taxes)
-755,201
121
-6,209
sr. vice president
Jul 15, 2024
gioja michael e
acquired
-
-
10,932
sr. vice president
Jul 15, 2024
simmons christopher c
acquired
-
-
2,906
vp, controller & treasurer

1–10 of 50

Which funds bought or sold PAYX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jul 18, 2024
Wynn Capital, LLC
unchanged
-
-15,264
426,816
0.32%
Jul 18, 2024
NorthLanding Financial Partners, LLC
added
0.59
-11,380
383,083
0.40%
Jul 18, 2024
Good Life Advisors, LLC
reduced
-0.85
-16,751
374,165
0.03%
Jul 18, 2024
Blue Trust, Inc.
added
164
215,883
346,894
-%
Jul 18, 2024
Tradewinds Capital Management, LLC
unchanged
-
-1,908
53,352
0.02%
Jul 18, 2024
Brookstone Capital Management
added
20.39
72,170
369,092
0.01%
Jul 18, 2024
Triad Wealth Partners, LLC
new
-
711
711
-%
Jul 18, 2024
FRANKLIN STREET ADVISORS INC /NC
sold off
-100
-248,000
-
-%
Jul 18, 2024
GSB Wealth Management, LLC
added
1.19
-15,524
657,297
0.18%
Jul 18, 2024
Ellsworth Advisors, LLC
added
3.59
-7,365
4,893,440
1.36%

1–10 of 50

Are Funds Buying or Selling PAYX?

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

Unveiling Paychex Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
8.45%
30,417,301
SC 13G/A
Feb 09, 2024
capital international investors
5.2%
18,601,536
SC 13G
Jan 26, 2024
blackrock inc.
7.8%
27,959,696
SC 13G/A
Jan 25, 2024
golisano b thomas
10.5%
37,832,681
SC 13G
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

Recent SEC filings of Paychex Inc

View All Filings
Date Filed Form Type Document
Jul 18, 2024
4
Insider Trading
Jul 17, 2024
4
Insider Trading
Jul 17, 2024
4
Insider Trading
Jul 17, 2024
4
Insider Trading
Jul 17, 2024
4
Insider Trading
Jul 17, 2024
4
Insider Trading
Jul 17, 2024
4
Insider Trading
Jul 17, 2024
4
Insider Trading
Jul 17, 2024
4
Insider Trading
Jul 17, 2024
4
Insider Trading

Peers (Alternatives to Paychex Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
101.1B
18.9B
1.05% 4.18%
27.32
5.35
7.08% 13.46%
77.0B
9.4B
6.69% 49.59%
51.19
8.18
9.34% 15.98%
49.8B
4.2B
-5.72% 13.42%
35.85
11.95
10.92% 20.33%
32.2B
5.4B
7.68% 20.33%
57.69
6.01
5.76% -4.95%
20.2B
10.7B
1.44% 34.25%
33.32
1.89
15.15% 122.86%
10.9B
3.6B
6.41% -0.43%
20.07
3
4.33% 10.69%
MID-CAP
6.9B
6.2B
3.32% -19.23%
19.61
1.12
-13.83% -42.32%
5.4B
2.6B
0.12% 28.28%
-278.4
2.06
-3.11% -123.81%
5.3B
2.7B
2.70% 5.73%
8.92
1.95
15.08% 18.59%
3.4B
8.2B
5.70% 21.82%
13.49
0.41
3.28% 27.24%
2.5B
2.7B
5.89% 92.20%
68.84
0.91
81.17% 132.75%
SMALL-CAP
343.7M
1.9B
20.44% -40.37%
41.01
0.18
15.20% -4.30%
132.6M
283.1M
16.73% -13.28%
15.15
0.47
-0.83% -20.92%
39.6M
212.0K
-2.78% -74.82%
-1.58
213.63
-40.62% -60.52%
8.5M
81.0M
-7.66% -9.96%
-7.67
0.1
-5.10% -9.75%

Paychex Inc News

Latest updates
MarketWatch17 hours ago
Yahoo Canada Finance18 Jul 202412:00 pm
American Banking and Market News16 Jul 202402:17 pm
American Banking and Market News15 Jul 202402:16 pm

Paychex Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q2
Revenue-10.0%1,2951,4391,2581,2861,2301,3811,1901,2061,1441,2761,1091,0831,0291,1129849329151,143991992980
Cost Of Revenue-1.2%375380364360370373359351360352332313316328320307292340323325-
Costs and Expenses3.0%813790752750776769718711750713668640675643629648616673649643-
Operating Expenses------------------673649643666
  S&GA Expenses6.9%438410388390407396359360390361337328360315310341324332326318344
EBITDA Margin0.0%0.45*0.45*0.45*0.45*0.44*0.44*0.44*0.44*0.44*0.44*0.43*0.43*0.40*0.40*0.40*0.40*0.41*----
Income Taxes-30.3%11216112513011315011511392.0012410611083.0011277.0065.0071.0011078.0080.0080.00
Earnings Before Taxes-25.4%492659518549464617475492389554438444346463350276292464337344311
EBT Margin0.0%0.42*0.42*0.42*0.41*0.41*0.40*0.40*0.40*0.40*0.40*0.39*0.38*0.35*0.35*0.35*0.34*0.36*----
Net Income-23.8%380499393419350467360379296431332334513351272212221355259264230
Net Income Margin0.5%0.32*0.32*0.32*0.31*0.31*0.31*0.30*0.30*0.30*0.36*0.35*0.35*0.33*0.27*0.27*0.26*0.27*----
Free Cashflow-71.4%180631308617365538320334303578136355358408182194353----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q2
Assets-20.3%10,38313,02412,05212,20010,54610,6049,2149,1269,63510,2849,6889,3679,2279,6668,6158,3778,5519,4678,7028,6388,676
  Current Assets-26.7%7,2529,8868,9249,0897,5287,5956,1986,0856,5827,2376,6326,3176,1706,6225,5925,3405,4656,3895,6285,5565,678
    Cash Equivalents12.0%1,8971,6941,3631,6461,2221,3171,0971,1849282686361,1029957876948361,660780601586935
  Net PPE-1.8%412419418405396385393398401400399395396393392396407404402403409
  Goodwill0.0%1,8831,8821,8821,8811,8341,8341,8301,8251,8321,8321,8321,8171,8211,8201,7991,7971,7911,7901,7861,7831,783
Liabilities-29.0%6,5829,2778,5288,6127,0537,2036,0095,9896,5506,9986,5686,3246,2796,6905,7265,5985,7696,7076,1326,1196,057
  Current Liabilities-33.6%5,3098,0017,2547,3445,8055,9584,7544,7025,2695,6885,2224,9584,9385,3564,3804,2634,4275,3904,8244,8244,845
  Short Term Borrowings-0.5%19.0019.0014.0014.0010.0010.0010.0010.009.009.009.007.007.007.007.006.005.0051.0051.0057.00-
  Long Term Debt0.0%799799798798798798798798798798798797797797797797797797797797796
    LT Debt, Non Current-100.0%-799798798798798798798798798798797797797797797797797797797796
Shareholder's Equity1.4%3,8013,7473,5243,5883,4933,4013,2053,1373,0853,2863,1203,0442,9482,9762,8902,7792,7812,7602,5692,5192,620
  Retained Earnings1.2%2,2132,1862,0092,1012,0231,9941,8111,7361,6701,7991,6071,5131,4461,4991,4191,3701,4311,4331,3011,2651,410
  Additional Paid-In Capital1.6%1,7301,7031,6791,6661,6261,6081,5891,5691,5461,5311,5061,4821,4471,4161,3941,3251,2901,2781,2531,2241,206
Shares Outstanding0.0%360360360361361361360360360361360360360361360359359----
Float---32,215---31,621---30,609---29,976---27,531--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q2
Cashflow From Operations-67.0%222672349656411569355364337613170386390440216215388488270295249
  Share Based Compensation11.1%16.0014.0015.0016.0017.0016.0015.0014.0014.0013.0014.0012.0014.0013.0012.0013.0011.0013.0013.0011.0013.00
Cashflow From Investing-1666.7%-143-8.10-13324.00-145-664-1951,223-252-716-429-22.30140-109-254-236408-20021.00545-1,089
Cashflow From Financing-982.8%-2,714308-5371,069-492833-241-809-945270-91.20-211-758585-79.60-382-1,208365-231-413-1,929
  Dividend Payments10.1%353320320322321285285285285239238238238224224223223223222222223
  Buy Backs---169---------80.0047.00-29.00---17224.00
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PAYX Income Statement

2024-05-31
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2024
May 31, 2023
May 31, 2022
Revenue:   
Total service revenue$ 5,132.0$ 4,907.3$ 4,554.0
Interest on funds held for clients146.399.857.7
Total revenue5,278.35,007.14,611.7
Expenses:   
Cost of service revenue1,479.31,453.01,356.3
Selling, general and administrative expenses1,624.91,521.01,415.4
Total expenses3,104.22,974.02,771.7
Operating income2,174.12,033.11,840.0
Other income/(expense), net43.915.1(15.4)
Income before income taxes2,218.02,048.21,824.6
Income taxes527.6490.9431.8
Net income1,690.41,557.31,392.8
Other comprehensive Income (loss), net of tax14.8(26.0)(185.7)
Comprehensive income$ 1,705.2$ 1,531.3$ 1,207.1
Basic earnings per share$ 4.69$ 4.32$ 3.86
Diluted earnings per share$ 4.67$ 4.3$ 3.84
Weighted-average common shares outstanding360.3360.4360.6
Weighted-average common shares outstanding, assuming dilution362.1362.3363.1
Management Solutions [Member]   
Revenue:   
Total service revenue$ 3,866.4$ 3,730.5$ 3,442.7
PEO And Insurance Solutions [Member]   
Revenue:   
Total service revenue$ 1,265.6$ 1,176.8$ 1,111.3

PAYX Balance Sheet

2024-05-31
Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2024
May 31, 2023
Assets  
Cash and cash equivalents$ 1,468.9$ 1,222.0[1]
Restricted cash47.849.8
Corporate investments33.9373.4
Interest receivable23.324.4
Accounts receivable, net of allowance for credit losses1,059.6873.3
PEO unbilled receivables, net of advance collections542.4528.5
Prepaid income taxes47.548.1
Prepaid expenses and other current assets321.9289.8
Current assets before funds held for clients3,545.33,409.3
Funds held for clients3,706.24,118.8
Total current assets7,251.57,528.1
Long-term corporate investments3.73.8
Property and equipment, net of accumulated depreciation411.7396.3
Operating lease right-of-use assets, net of accumulated amortization46.961.5
Intangible assets, net of accumulated amortization194.5187.4
Goodwill1,882.71,834.0
Long-term deferred costs477.1470.1
Other long-term assets115.065.2
Total assets10,383.110,546.4
Liabilities  
Accounts payable104.384.7
Accrued corporate compensation and related items135.0209.9
Accrued worksite employee compensation and related items662.4763.9
Short-term borrowings18.710.2
Deferred revenue50.247.3
Other current liabilities469.8395.4
Current liabilities before client fund obligations1,440.41,511.4
Client fund obligations3,868.74,294.0
Total current liabilities5,309.15,805.4
Accrued income taxes102.683.0
Deferred income taxes86.0112.1
Long-term borrowings, net of debt issuance costs798.6798.2
Operating lease liabilities49.057.3
Other long-term liabilities236.8197.2
Total liabilities6,582.17,053.2
Commitments and contingencies - Note Q
Stockholders' equity  
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 360.1 shares as of May 31, 2024 and 360.5 shares as of May 31, 20233.63.6
Additional paid-in capital1,729.51,626.4
Retained earnings2,213.02,023.1
Accumulated other comprehensive loss(145.1)(159.9)
Total stockholders' equity3,801.03,493.2
Total liabilities and stockholders' equity$ 10,383.1$ 10,546.4
[1]The consolidated statement of cash flows for the fiscal years ended May 31, 2023 and May 31, 2022 include revisions to previously reported amounts related to the presentation of cash flows associated with short-term receivables purchased from the Company’s clients under non-recourse arrangements, net of funding reserves. See Note A for further discussion on the revision.
PAYX
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, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company 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, it 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, the company 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. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.
 CEO
 WEBSITEpaychex.com
 INDUSTRYInformation Technology Services
 EMPLOYEES16600

Paychex Inc Frequently Asked Questions


What is the ticker symbol for Paychex Inc? What does PAYX stand for in stocks?

PAYX is the stock ticker symbol of Paychex Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Paychex Inc (PAYX)?

As of Fri Jul 19 2024, market cap of Paychex Inc is 44.19 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PAYX stock?

You can check PAYX's fair value in chart for subscribers.

What is the fair value of PAYX stock?

You can check PAYX's fair value in chart for subscribers. The fair value of Paychex Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Paychex Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PAYX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Paychex Inc a good stock to buy?

The fair value guage provides a quick view whether PAYX is over valued or under valued. Whether Paychex Inc is cheap or expensive depends on the assumptions which impact Paychex Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PAYX.

What is Paychex Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Jul 19 2024, PAYX's PE ratio (Price to Earnings) is 26.14 and Price to Sales (PS) ratio is 8.37. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PAYX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Paychex Inc's stock?

In the past 10 years, Paychex Inc has provided 0.142 (multiply by 100 for percentage) rate of return.