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PAYX

PAYX - Paychex Inc Stock Price, Fair Value and News

119.52USD+1.73 (+1.47%)Market Closed

Market Summary

PAYX
USD119.52+1.73
Market Closed
1.47%

PAYX Stock Price

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PAYX RSI Chart

PAYX Valuation

Market Cap

43.0B

Price/Earnings (Trailing)

25.91

Price/Sales (Trailing)

8.25

EV/EBITDA

16.62

Price/Free Cashflow

22.42

PAYX Price/Sales (Trailing)

PAYX Profitability

Operating Margin

71.73%

EBT Margin

42.01%

Return on Equity

44.32%

Return on Assets

12.75%

Free Cashflow Yield

4.46%

PAYX Fundamentals

PAYX Revenue

Revenue (TTM)

5.2B

Rev. Growth (Yr)

4.22%

Rev. Growth (Qtr)

14.42%

PAYX Earnings

Earnings (TTM)

1.7B

Earnings Growth (Yr)

6.68%

Earnings Growth (Qtr)

26.97%

Breaking Down PAYX Revenue

Last 7 days

-5.2%

Last 30 days

-2.7%

Last 90 days

-3.5%

Trailing 12 Months

7.3%

How does PAYX drawdown profile look like?

PAYX Financial Health

Current Ratio

1.24

Debt/Equity

0.21

Debt/Cashflow

2.61

PAYX Investor Care

Dividend Yield

2.98%

Dividend/Share (TTM)

3.56

Buy Backs (1Y)

0.14%

Diluted EPS (TTM)

4.59

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20245.2B000
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
-
Apr 15, 2024
vance beaumont
acquired
-
-
1,235
sr vp data, analytics, and ai
Mar 05, 2024
golisano b thomas
gifted
-88,856
122
-723
-
Feb 07, 2024
gioja michael e
acquired
2,437,740
60.84
40,068
sr. vice president
Feb 07, 2024
gioja michael e
sold
-4,883,890
121
-40,068
sr. vice president
Jan 29, 2024
bottini mark anthony
acquired
645,558
41.7
15,481
sr. vp of sales
Jan 29, 2024
bottini mark anthony
sold
-1,865,920
120
-15,481
sr. vp of sales
Jan 12, 2024
gibson john b
sold (taxes)
-23,106
119
-193
president and ceo
Dec 28, 2023
flaschen david j s
acquired
1,596,490
99.5875
16,031
-
Dec 28, 2023
flaschen david j s
sold
-1,920,310
119
-16,031
-

1–10 of 50

Which funds bought or sold PAYX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 18, 2024
FARMERS & MERCHANTS INVESTMENTS INC
unchanged
-
24,583
818,094
0.03%
Apr 18, 2024
Diversified Trust Co
added
146
1,830,150
3,021,370
0.09%
Apr 18, 2024
Capital Advisors, Ltd. LLC
reduced
-0.28
5,000
174,000
0.02%
Apr 18, 2024
Nikulski Financial, Inc.
new
-
220,422
220,422
0.07%
Apr 18, 2024
MV CAPITAL MANAGEMENT, INC.
added
2.56
1,066
19,648
-%
Apr 18, 2024
Hexagon Capital Partners LLC
reduced
-2.26
403
53,050
0.01%
Apr 18, 2024
BKM Wealth Management, LLC
added
13.34
207,174
1,436,270
0.62%
Apr 18, 2024
Measured Wealth Private Client Group, LLC
new
-
202,374
202,374
0.07%
Apr 18, 2024
STATE OF MICHIGAN RETIREMENT SYSTEM
reduced
-0.31
318,792
11,798,300
0.06%
Apr 18, 2024
Aviance Capital Partners, LLC
new
-
850,758
850,758
0.13%

1–10 of 48

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
Apr 18, 2024
3
Insider Trading
Apr 17, 2024
4
Insider Trading
Apr 16, 2024
8-K
Current Report
Apr 02, 2024
10-Q
Quarterly Report
Apr 02, 2024
8-K
Current Report
Mar 14, 2024
3
Insider Trading
Mar 08, 2024
4
Insider Trading
Mar 06, 2024
4
Insider Trading
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 09, 2024
SC 13G
Major Ownership Report

Peers (Alternatives to Paychex Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
99.9B
18.6B
-0.87% 11.50%
28.09
5.38
7.76% 13.08%
67.1B
9.4B
5.62% 45.91%
44.63
7.13
9.34% 15.98%
50.9B
4.1B
-5.47% 36.24%
37.5
12.53
10.52% 25.37%
26.8B
5.3B
-16.27% 11.63%
49.17
5.09
2.79% -21.68%
18.4B
10.3B
-4.58% 41.94%
45.05
1.79
13.90% -5.05%
11.0B
3.7B
-6.17% 19.79%
20.27
3
11.58% 17.98%
MID-CAP
7.4B
6.4B
-11.48% -7.93%
17.98
1.16
-11.68% -37.51%
5.4B
2.7B
5.09% 22.48%
8.86
2.03
15.87% 733.47%
4.6B
2.7B
-8.32% 16.46%
-216.9
1.74
-1.68% -137.70%
2.8B
8.2B
0.99% 2.29%
10.9
0.34
3.98% 33.49%
SMALL-CAP
1.9B
1.5B
-1.69% 90.27%
83.32
1.25
41.33% 169.51%
380.5M
1.9B
-3.40% -18.14%
42.76
0.2
19.40% -4.30%
114.2M
281.2M
5.08% -12.09%
13.87
0.41
-1.68% -25.77%
54.9M
1.1M
6.38% -56.90%
-2.29
49.78
336.95% -55.13%
8.8M
80.5M
-1.33% -21.00%
-4.9
0.11
-0.82% -207.00%

Paychex Inc News

Latest updates
MarketBeat38 hours ago
Yahoo Movies UK17 Apr 202410:26 am
Yahoo Movies UK16 Apr 202409:07 am
Yahoo Canada Shine On15 Apr 202409:46 am

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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue14.4%1,4391,2581,2861,2301,3811,1901,2061,1441,2761,1091,0831,0291,1129849329151,1439919929801,070
Cost Of Revenue4.3%380364360370373359351360352332313316328320307292340323325--
Costs and Expenses5.0%790752750776769718711750713668640675643629648616673649643--
Operating Expenses-----------------673649643666641
  S&GA Expenses5.7%410388390407396359360390361337328360315310341324332326318344316
EBITDA Margin0.7%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*0.41*0.41*---
Income Taxes28.3%16112513011315011511392.0012410611083.0011277.0065.0071.0011078.0080.0080.00101
Earnings Before Taxes27.3%659518549464617475492389554438444346463350276292464337344311426
EBT Margin0.8%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*0.35*0.35*---
Net Income27.0%499393419350467360379296431332334513351272212221355259264230325
Net Income Margin0.8%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*0.27*0.27*---
Free Cashflow105.0%631308617363539320334303578136355358408182194353456236---
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets8.1%13,02412,05212,20010,54610,6049,2149,1269,63510,2849,6889,3679,2279,6668,6158,3778,5519,4678,7028,6388,67610,363
  Current Assets10.8%9,8868,9249,0897,5287,5956,1986,0856,5827,2376,6326,3176,1706,6225,5925,3405,4656,3895,6285,5565,6787,292
    Cash Equivalents232.5%4,5331,3631,6461,2221,3171,0971,1849282686361,1029957876948361,660780601586935696
  Net PPE0.4%419418405396385393398401400399395396393392396407404402403409405
  Goodwill0%1,8821,8821,8811,8341,8341,8301,8251,8321,8321,8321,8171,8211,8201,7991,7971,7911,7901,7861,7831,7831,782
Liabilities8.8%9,2778,5288,6127,0537,2036,0095,9896,5506,9986,5686,3246,2796,6905,7265,5985,7696,7076,1326,1196,0577,765
  Current Liabilities10.3%8,0017,2547,3445,8055,9584,7544,7025,2695,6885,2224,9584,9385,3564,3804,2634,4275,3904,8244,8244,8456,550
  Short Term Borrowings38.2%19.0014.0014.0010.0010.0010.0010.009.009.009.007.007.007.007.006.005.0051.0051.0057.00-54.00
  Long Term Debt-100.0%-798798798798798798798798798797797797797797797797797797796800
    LT Debt, Non Current0.0%799798798798798798798798798798797797797797797797797797797796800
Shareholder's Equity6.3%3,7473,5243,5883,4933,4013,2053,1373,0853,2863,1203,0442,9482,9762,8902,7792,7812,7602,5692,5192,6202,598
  Retained Earnings8.8%2,1862,0092,1012,0231,9941,8111,7361,6701,7991,6071,5131,4461,4991,4191,3701,4311,4331,3011,2651,4101,426
  Additional Paid-In Capital1.4%1,7031,6791,6661,6261,6081,5891,5691,5461,5311,5061,4821,4471,4161,3941,3251,2901,2781,2531,2241,2061,188
Shares Outstanding0.1%360360361361361360360360361361360360360360359359359358---
Float------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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations92.7%672349656409570355364337613170386390440216215388488270295249526
  Share Based Compensation-2.0%14.0015.0016.0017.0016.0015.0014.0014.0013.0014.0012.0014.0013.0012.0013.0011.0013.0013.0011.0013.0011.00
Cashflow From Investing93.9%-8.10-13324.00-143-665-1951,223-252-716-429-22.30140-109-254-236408-20021.00545-1,089-592
Cashflow From Financing157.3%308-5371,069-492833-241-809-945270-91.20-211-758585-79.60-382-1,208365-231-413-1,9292,304
  Dividend Payments0.1%320320322321285285285285239238238238224224223223223222222223201
  Buy Backs-100.0%-169---------80.0047.00-29.00---17224.00-

PAYX Income Statement

2024-02-29
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 29, 2024
Feb. 28, 2023
Revenue:    
Total service revenue$ 1,395.4$ 1,345.7$ 3,875.1$ 3,702.6
Interest on funds held for clients43.935.3108.174.9
Total revenue1,439.31,381.03,983.23,777.5
Expenses:    
Cost of service revenue379.8372.91,104.11,083.2
Selling, general and administrative expenses409.7396.21,186.81,114.5
Total expenses789.5769.12,290.92,197.7
Operating income649.8611.91,692.31,579.8
Other income, net9.45.533.94.8
Income before income taxes659.2617.41,726.21,584.6
Income taxes160.6150.0415.7377.7
Net income498.6467.41,310.51,206.9
Other comprehensive income/(loss), net of tax22.0(5.9)14.7(70.3)
Comprehensive income$ 520.6$ 461.5$ 1,325.2$ 1,136.6
Basic earnings per share$ 1.39$ 1.30$ 3.64$ 3.35
Diluted earnings per share$ 1.38$ 1.29$ 3.62$ 3.33
Weighted-average common shares outstanding359.9360.5360.4360.3
Weighted-average common shares outstanding, assuming dilution361.7362.3362.2362.3
Management Solutions [Member]    
Revenue:    
Total service revenue$ 1,049.9$ 1,024.5$ 2,936.1$ 2,825.3
PEO And Insurance Solutions [Member]    
Revenue:    
Total service revenue$ 345.5$ 321.2$ 939.0$ 877.3

PAYX Balance Sheet

2024-02-29
Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 29, 2024
May 31, 2023
Assets  
Cash and cash equivalents$ 1,693.6$ 1,222.0
Restricted cash41.049.8
Corporate investments36.6373.4
Interest receivable22.824.4
Accounts receivable, net of allowance for credit losses1,088.6873.3
PEO unbilled receivables, net of advance collections590.7528.5
Prepaid income taxes21.048.1
Prepaid expenses and other current assets312.6289.8
Current assets before funds held for clients3,806.93,409.3
Funds held for clients6,079.54,118.8
Total current assets9,886.47,528.1
Long-term corporate investments1.63.8
Property and equipment, net of accumulated depreciation419.1396.3
Operating lease right-of-use assets, net of accumulated amortization58.961.5
Intangible assets, net of accumulated amortization204.9187.4
Goodwill1,882.31,834.0
Long-term deferred costs476.1470.1
Other long-term assets94.665.2
Total assets13,023.910,546.4
Liabilities  
Accounts payable94.084.7
Accrued corporate compensation and related items173.1209.9
Accrued worksite employee compensation and related items903.8763.9
Short-term borrowings18.810.2
Deferred revenue51.747.3
Other current liabilities518.0395.4
Current liabilities before client fund obligations1,759.41,511.4
Client fund obligations6,241.44,294.0
Total current liabilities8,000.85,805.4
Accrued income taxes99.383.0
Deferred income taxes94.8112.1
Long-term borrowings, net of debt issuance costs798.5798.2
Operating lease liabilities51.557.3
Other long-term liabilities231.9197.2
Total liabilities9,276.87,053.2
Commitments and contingencies - Note I
Stockholders' equity  
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 360.0 shares as of February 29, 2024 and 360.5 shares as of May 31, 20233.63.6
Additional paid-in capital1,702.51,626.4
Retained earnings2,186.22,023.1
Accumulated other comprehensive loss(145.2)(159.9)
Total stockholders' equity3,747.13,493.2
Total liabilities and stockholders' equity$ 13,023.9$ 10,546.4
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 Thu Apr 18 2024, market cap of Paychex Inc is 42.4 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 Thu Apr 18 2024, PAYX's PE ratio (Price to Earnings) is 25.53 and Price to Sales (PS) ratio is 8.13. 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.