Market cap $44.21B
Enterprise value $44.41B
Revenue $5.213B
EBITDA $2.321B
Income $1.661B
Revenue Q/Q 4.22%
Revenue Y/Y 5.91%
P/E 27.21
Forward P/E 27.44
EV/Sales 8.52
EV/EBITDA 19.14
EV/EBIT 20.28
PEG 3.41
Price/Sales 8.48
P/FCF 23.04
Price/Book 12.66
Book/Share 9.91
Cash/Share 4.67
FCF yield 4.34%
Employees 17,296
RPE $301.388k
Volume 1.101M / 1.787M
Relative vol. 0.62 ×
EPS 4.61
EPS Q/Q 15.73%
Est. EPS Q/Q 4.40%
Profit margin 31.10%
Oper. margin 41.16%
Gross margin 70.98%
EBIT margin 42.01%
EBITDA margin 44.52%
Ret. on assets 13.89%
Ret. on equity 46.29%
ROIC 20.30%
ROCE 43.59%
Volatility 1.63%
Beta 0.66
RSI 60.19
Range $124.03 – $125.56
52 weeks $106.27 – $129.70
SMA 50 $122 +2.40%
SMA 200 $122 +2.73%
1 year target $82 -34.64%
Mean Recomm. 3.00
Shares outst. 359.963M
Shares float 0.000 0.00%
Short % of float 3.02%
Short ratio 4.92

Recent Paychex news

Wednesday, 12 June 2024
 
businesswire
Paychex, Inc. Schedules Fourth Quarter Fiscal 2024 Earnings Conference Call for June 26, 2024
Thursday, 23 May 2024
 
duckduckgo
What Does Paychex, Inc.'s Share Price Indicate?
Saturday, 4 May 2024
 
insidermonkey
23 Most Profitable Stocks of the Last 12 Months
Thursday, 4 January 2024
 
zacks
Here's Why Investors Should Retain Paychex Stock Now
Wednesday, 27 December 2023
 
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BBSI vs. PAYX: Which Stock Should Value Investors Buy Now?
Thursday, 21 December 2023
 
investopedia
S&P 500 Gains and Losses Today: Micron Boosted by Higher Prices and AI Demand
investopedia
Paychex Stock Slumps as Pressures on Businesses Affect Its Revenue
reuters
Paychex's quarterly revenue growth slows on weak client spending
benzinga
Paychex Stock Drops After Mixed Q2 Performance - What's Going On?
investopedia
Midday Movers: CarMax Helps Drive the S&P 500 Higher
Thursday, 9 November 2023
 
yahoo
Paychex Named a Leader in Payroll Services by NelsonHall
Wednesday, 8 November 2023
 
yahoo
Stocks most focused on their company's 'nuts and bolts'
Thursday, 12 October 2023
 
businesswire
Paychex Declares Quarterly Dividend
Friday, 6 October 2023
 
nasdaq
Should You Be Adding Paychex To Your Watchlist Today?
Tuesday, 3 October 2023
 
research.tdameritrade
Hourly Wage Growth for Small Business Workers Continues to Cool, Consistent with Overall Inflation Trend
Wednesday, 27 September 2023
 
gurufocus
Unveiling the Investment Potential of Paychex Inc : A Comprehensive Analysis of Financial ...
Thursday, 21 September 2023
 
nasdaq
Paychex, Inc.'s Intrinsic Value Is Potentially 34% Above Its Share Price
Thursday, 14 September 2023
 
morningstar
Paychex Releases 2023 Environmental, Social, and Governance Report
Wednesday, 13 September 2023
 
stockhouse
Paychex, Inc. Schedules First Quarter Fiscal 2024 Earnings Conference Call for September 27, 2023
Tuesday, 29 August 2023
 
gurufocus
Unveiling Paychex 's Value: Is It Really Priced Right? A Comprehensive Guide
Tuesday, 8 August 2023
 
investors
Paychex Stock Scores Rising Relative Strength Rating
Friday, 4 August 2023
 
yahoo
Paychex, Inc. Stock Goes Ex-Dividend In Just Four Days
Tuesday, 1 August 2023
 
businesswire
Job Market Remains Stable, Wage Growth Drops Below Four Percent
Sunday, 30 July 2023
 
yahoo
Paychex, Inc. is a favorite amongst institutional investors who own 74%
Thursday, 6 July 2023
 
markets.ft
Paychex Named a Leader in HCM Technology by NelsonHall
Wednesday, 5 July 2023
 
morningstar
Small Business Jobs Index Dips in June, Rate of Wage Growth Continues to Moderate
Monday, 3 July 2023
 
insidermonkey
Analysts Are Increasing Price Targets of These 10 Stocks
Sunday, 11 June 2023
 
nasdaq
Paychex, Inc.'s Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat?
Thursday, 18 May 2023
 
yahoo
Gen Z Surpasses Baby Boomers in Small Business Workforce Participation
Wednesday, 17 May 2023
 
fool
Got $5,000? These 3 High-Yielding Dividend Stocks Are Trading Near Their 52-Week Lows
Friday, 28 April 2023
 
morningstar
Paychex Declares a 13% Increase in Quarterly Dividend
Tuesday, 4 April 2023
 
investors
How This Payroll Processor Could Buck The Storm If Jobless Rate Rises
Saturday, 1 April 2023
 
seekingalpha
Paychex, Inc. Q3 2023 Earnings Call Transcript
Wednesday, 29 March 2023
 
insidermonkey
14 Best Affordable Tech Stocks to Buy Now
Monday, 13 March 2023
 
yahoo
Paychex Named One of The World's Most Ethical Companies by Ethisphere for the 15th Time
Saturday, 11 March 2023
 
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11 Best Debt Free Stocks to Buy
Saturday, 4 March 2023
 
fool
80% of Great Resigners Now Regret It. Here's How to Quit With Confidence
Friday, 27 January 2023
 
duckduckgo
At US$115, Is Paychex, Inc. Worth Looking At Closely?
Monday, 23 January 2023
 
morningstar
Paychex Wins 2023 BIG Innovation Award
Wednesday, 18 January 2023
 
duckduckgo
Business Leaders Optimistic for 2023 According to Paychex Survey
Thursday, 22 December 2022
 
realmoney.thestreet
Paychex Stock Looks Vulnerable to Further Weakness
yahoo
Paychex, Inc. Reports Second Quarter Results: Solid Growth in Revenue and Diluted Earnings Per Share; Raises Outlook for the Year
barrons
These Stocks Are Moving the Most Today: Micron, Under Armour, and More
Thursday, 8 December 2022
 
marketscreener
Paychex, Inc. Schedules Second Quarter Fiscal 2023 Earnings Conference Call for December 22, 2022
Tuesday, 29 November 2022
 
prnewswire
Small Business Hiring and Worker Wages Hold Steady
Wednesday, 2 November 2022
 
prnewswire
New Paychex Products Help Businesses Improve Recruiting, Hiring, Onboarding, and Retaining their Employees
Tuesday, 1 November 2022
 
prnewswire
Hourly Earnings Growth Continues to Moderate
Saturday, 29 October 2022
 
nasdaq
Calculating The Intrinsic Value Of Paychex, Inc.
barrons
Companies Are Coming Back to the U.S. Honeywell and Other Stocks That Should Benefit.
Friday, 28 October 2022
 
barrons
As China-U.S. Relations Cool, Reshoring Heats Up. Honeywell and Other Stocks That Should Benefit.
Tuesday, 4 October 2022
 
prnewswire
Hourly Earnings Growth Slows in September
8-K 17 Jun 2024 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compens...
8-K 17 May 2024 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compens...
8-K 16 Apr 2024 Entry into a Material Definitive Agreement; Creation of a Direct Financial Obligation or an Obligation unde...
10-Q 2 Apr 2024 Quarterly report
8-K 2 Apr 2024 Results of Operations and Financial Condition; Financial Statements and Exhibits
8-K 19 Jan 2024 Other Events; Financial Statements and Exhibits
8-K 21 Dec 2023 Results of Operations and Financial Condition; Financial Statements and Exhibits
10-Q 21 Dec 2023 Quarterly report
8-K 13 Oct 2023 Submission of Matters to a Vote of Security Holders; Financial Statements and Exhibits
8-K 6 Oct 2023 Regulation FD Disclosure; Financial Statements and Exhibits
10-Q 28 Sep 2023 Quarterly report
Insider
Trans.
Transaction
Price per share Total value
David J S Flaschen Option 24 May 2024 $54.25 $1,069,213
Joseph M Velli Option 17 May 2024 $41.70 $452,445
Michael E Gioja Sr. Vice President Option 7 Feb 2024 $60.84 $2,437,737
Mark Anthony Bottini Sr. VP of Sales Option 29 Jan 2024 $41.70 $645,558
David J S Flaschen Option 28 Dec 2023 $99.59 $1,596,527
Michael E Gioja Sr. Vice President Option 6 Oct 2023 $60.84 $2,514,456
Michael E Gioja Sr. Vice President Sale 1 Aug 2023 $124.96 $5,724,418
Efrain Rivera Sr. Vice President and CFO Sale 14 Jul 2023 $120.19 $2,433,727
Martin Mucci Director Option 14 Jul 2023 $41.70 $8,144,552
Joseph M Tucci Director Option 10 Jul 2023 $41.70 $452,445
Joseph M Tucci Director Option 6 Jul 2023 $38.89 $472,747
Q4 2022
29 June 2022
Q4 2022 Earnings Call Transcript
Q3 2022
30 March 2022
Q3 2022 Earnings Call Transcript
Q2 2022
23 December 2021
Q2 2022 Earnings Call Transcript
Q1 2022
30 September 2021
Q1 2022 Earnings Call Transcript
Q3 2021
6 April 2021
Q3 2021 Earnings Call Transcript
Q1 2021
8 October 2020
Q1 2021 Earnings Call Transcript
Q4 2020
7 July 2020
Q4 2020 Earnings Call Transcript
Q4 2020
7 July 2020
Q4 2020 Earnings Call Transcript
Q3 2020
25 March 2020
Q3 2020 Earnings Call Transcript
Q2 2020
18 December 2019
Q2 2020 Earnings Call Transcript
Q1 2020
2 October 2019
Q1 2020 Earnings Call Transcript

1,577 people own Paychex on Robinhood

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Overall analyst rating

Price target

Current $122.82
Average $82.00
Low $70 High $95

Dividends

Ex-dividend date N/A Frequency Quarterly Annual dividend +14.19%
Next dividend N/A Dividend yield 2.93% Growth period 10 years
Last dividend date Yield 3 years 2.82% Growth 3 years +11.74%
Last dividend Yield 5 years 2.60% Growth 5 years +9.68%

Paychex dividend history

Paychex executives

Insider Age Since Compensation
Martin Mucci (60) President, Chief Executive Officer, and Non-Independent Director since 2015 60 2015 $8,068,720
Martin Mucci (61) Chairman and CEO 61 $3,034,042
Efrain Rivera (63) Chief Financial Officer, Senior Vice President, and Treasurer since 2011 63 2011 $2,221,810
Michael Gioja (62) Senior Vice President - Information Technology and Product Development since 2011 62 2011 $1,866,660
Mark Bottini (59) Senior Vice President - Sales since 2011 59 2011 $1,845,560
John Gibson (54) Senior Vice President - Service since 2013 54 2013 $1,802,870
Efrain Rivera DM, MBA (64) Sr. VP, CFO, and Treasurer 64 $1,230,349
Michael E. Gioja (63) Sr. VP of Product Devel. and Information Technology 63 $1,178,113
Mark A. Bottini (60) Sr. VP of Sales 60 $1,172,794
B. Thomas Golisano (78) Non-Independent Chairman of the Board since 2015 78 2015 $335,000
David Flaschen (64) Independent Director since 1999 64 1999 $312,763
Joseph Tucci (73) Lead Independent Director since 2015 73 2015 $291,013
Joseph Velli (62) Independent Director since 2007 62 2007 $287,013
Kara Wilson (50) Independent Director since 2017 50 2017 $276,013
Joseph Doody (68) Independent Director since 2010 68 2010 $276,013
Thomas Bonadio (71) Independent Director since 2017 71 2017 $276,013
Pamela Joseph (61) Independent Director since 2018 61 2018 $275,263
Terri Allen 2012
Stephanie Schaeffer (50) Chief Legal Officer, Vice President, and Corporate Secretary since 2011 50 2011
Laurie Zaucha (55) Vice President - Human Resources and Organizational Development since 2011 55 2011
Robert Schrader (48) Vice President and Controller since 2019 48 2019
Frank Fiorille
Stephanie L. Schaeffer (51) VP, Chief Legal, Ethics Officer, and Corp. Sec. 51
Bradley J. Schaufenbuel J.D., L.L.M. (48) VP and Chief Information Security Officer 48
Christopher DeSalvo
Company Market cap P/E EV/EBITDA P/S P/B P/FCF Change
$44.21B 27.21 19.14 8.48 12.66 23.04 +0.60%
$112.28B 55.58 46.62 7.10 6.50 22.19 +1.19%
$107.89B 27.13 19.22 5.70 30.75 30.71 -0.22%
$24.85B 53.38 22.08 4.64 5.48 38.60 +1.15%
$4.38B 22.49 14.43 0.67 46.80 28.85 -1.33%

paychex, inc. (nasdaq: payx) is a leading provider of integrated human capital management solutions for payroll, hr, retirement, and insurance services. by combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. backed by 45 years of industry expertise, paychex serves approximately 605,000 payroll clients across more than 100 locations and pays one out of every 12 american private sector employees.

  • Industrials > Business Services
  • Paychex Inc., 911 Panorama Trail South, Rochester 14625-2396, United States
  • 585 385 6666
  • Investor relations

Dividends

Ex-dividend date N/A Frequency Quarterly Annual dividend +14.19%
Next dividend N/A Dividend yield 2.93% Growth period 10 years
Last dividend date Yield 3 years 2.82% Growth 3 years +11.74%
Last dividend Yield 5 years 2.60% Growth 5 years +9.68%

Paychex dividend history

Quarterly EPS estimates

Profit margin

Debt to assets

Cash flow

(in millions USD) 31 Mar 2024 31 Dec 2023 30 Sep 2023 30 Jun 2023
Current assets
Cash $1,734.6 $1,411 $1,695.7 $1,271.8
Short term investments $36.6 $34.4 $45.7 $373.4
Net receivables $1,679.3 $1,627.1 $1,551.2 $1,401.8
Inventory
Total current assets $9,886.4 $8,923.7 $9,088.5 $7,528.1
Long term investments $1.6 $1.6 $1.6 $3.8
Property, plant & equipment $478 $477 $466.1 $457.8
Goodwill & intangible assets $2,087.2 $2,083.3 $2,078.9 $2,021.4
Total noncurrent assets $3,137.5 $3,128.4 $3,111.5 $3,018.3
Total investments $38.2 $36 $47.3 $377.2
Total assets $13,023.9 $12,052.1 $12,200 $10,546.4
Current liabilities
Accounts payable $94 $92.3 $95.3 $84.7
Deferred revenue $51.7 $55.1 $51 $47.3
Short long term debt $18.8 $13.6 $13.7 $10.2
Total current liabilities $8,000.8 $7,254.4 $7,343.5 $5,805.4
Long term debt $850 $851.9 $853.4 $855.5
Total noncurrent liabilities $1,276 $1,273.3 $1,268.7 $1,247.8
Total debt $868.8 $865.5 $867.1 $865.7
Total liabilities $9,276.8 $8,527.7 $8,612.2 $7,053.2
Stockholders' equity
Retained earnings $2,186.2 $2,009.4 $2,100.9 $2,023.1
Other stockholder equity -$145.2 -$167.2 -$183.1 -$159.9
Total stockholder equity $3,747.1 $3,524.4 $3,587.8 $3,493.2
(in millions USD) 2023 2022 2021
Current assets
Cash $1,271.8 $420.3 $1,046.5
Short term investments $373.4 $853.9 $36.7
Net receivables $1,401.8 $1,295.9 $1,029.2
Inventory
Total current assets $7,528.1 $6,581.6 $6,169.5
Long term investments $3.8 $30.5 $44.1
Property, plant & equipment $457.8 $480 $498.8
Goodwill & intangible assets $2,021.4 $2,056.1 $2,096.5
Total noncurrent assets $3,018.3 $3,053.6 $3,057.7
Total investments $377.2 $884.4 $80.8
Total assets $10,546.4 $9,635.2 $9,227.2
Current liabilities
Accounts payable $84.7 $105.7 $89
Deferred revenue $47.3 $38.4 $37.9
Short long term debt $10.2 $8.7 $7.4
Total current liabilities $5,805.4 $5,269.2 $4,938.2
Long term debt $855.5 $872.5 $889.7
Total noncurrent liabilities $1,247.8 $1,280.8 $1,341
Total debt $865.7 $881.2 $897.1
Total liabilities $7,053.2 $6,550 $6,279.2
Stockholders' equity
Retained earnings $2,023.1 $1,669.6 $1,445.9
Other stockholder equity -$159.9 -$133.9 $51.8
Total stockholder equity $3,493.2 $3,085.2 $2,948

Income statement

(in millions USD) 31 Mar 2024 31 Dec 2023 30 Sep 2023 30 Jun 2023
Revenue
Total revenue $1,439.3 $1,257.9 $1,286 $1,229.6
Cost of revenue $379.8 $364.1 $360.2 $369.8
Gross profit $1,059.5 $893.8 $925.8 $859.8
Operating activities
Research & development
Selling, general & administrative $409.7 $387.6 $389.5 $406.5
Total operating expenses $409.7 $387.6 $389.5 $406.5
Operating income $649.8 $506.2 $536.3 $453.3
Income from continuing operations
EBIT $659.2 $517.9 $549.1 $463.6
Income tax expense $160.6 $125.2 $129.9 $113.2
Interest expense
Net income
Net income $498.6 $392.7 $419.2 $350.4
Income (for common shares) $498.6 $392.7 $419.2 $350.4
(in millions USD) 2023 2022 2021
Revenue
Total revenue $5,007.1 $4,611.7 $4,056.8
Cost of revenue $1,453 $1,356.3 $1,271.2
Gross profit $3,554.1 $3,255.4 $2,785.6
Operating activities
Research & development
Selling, general & administrative $1,521 $1,415.4 $1,324.9
Total operating expenses $1,521 $1,415.4 $1,324.9
Operating income $2,033.1 $1,840 $1,460.7
Income from continuing operations
EBIT $2,048.2 $1,824.6 $1,434.2
Income tax expense $490.9 $431.8 $336.7
Interest expense
Net income
Net income $1,557.3 $1,392.8 $1,097.5
Income (for common shares) $1,557.3 $1,392.8 $1,097.5
(in millions USD) 31 Mar 2024 31 Dec 2023 30 Sep 2023 30 Jun 2023
Net income $498.6 $392.7 $419.2 $350.4
Operating activities
Depreciation $44.8 $44.9 $41.2 $44.1
Business acquisitions & disposals -$0.3 -$208 $1.6
Stock-based compensation $14.4 $14.7 $16 $16.6
Total cash flows from operations $671.7 $348.5 $655.8 $409.3
Investing activities
Capital expenditures -$40.7 -$40.7 -$38.7 -$46
Investments $37.9 -$78.7 $277.2 -$100.7
Total cash flows from investing -$8.1 -$133.7 $24 -$143.9
Financing activities
Dividends paid -$320.4 -$320.2 -$321.9 -$320.9
Sale and purchase of stock -$169.2
Net borrowings $5.2 $3.8
Total cash flows from financing $307.5 -$537.1 $1,069.4 -$492.9
Effect of exchange rate
Change in cash and equivalents $971.1 -$322.3 $1,749.2 -$227.5
(in millions USD) 2023 2022 2021
Net income $1,557.3 $1,392.8 $1,097.5
Operating activities
Depreciation $176.6 $191.8 $192
Business acquisitions & disposals -$2.7 -$24.9 -$19.5
Stock-based compensation $62.6 $52.8 $52.5
Total cash flows from operations $1,699.4 $1,505.5 $1,260.3
Investing activities
Capital expenditures -$126.3 -$132.6 -$114.6
Investments $357.9 -$1,252.8 -$317.8
Total cash flows from investing $218.5 -$1,420.9 -$460.6
Financing activities
Dividends paid -$1,175 -$1,000 -$908.7
Sale and purchase of stock -$145.2 -$155.7
Net borrowings $2 $1.3 $2.3
Total cash flows from financing -$711.4 -$979.3 -$636.4
Effect of exchange rate
Change in cash and equivalents $1,206.5 -$894.7 $163.3

Recent institutional transactions

Quarter Shareholder Change
Shares owned
Shares
Value (in thousands USD)
2024 Q1 Fmr
-80.07%
890,677 $109,375,086
2024 Q1 Capital World Investors
+155.59%
2,478,325 $304,338,310
2024 Q1 Barclays PLC
-44.07%
1,125,210 $138,176
2024 Q1 Jpmorgan Chase & Co
+78.09%
2,002,010 $245,846,868
2024 Q1 Td Asset Management Inc
+57.23%
2,179,930 $267,695,404
2024 Q1 Qube Research & Technologies Ltd
+172.22%
1,224,738 $150,397,826
2024 Q1 Fil Ltd
+37.25%
2,642,000 $324,437,600
2024 Q1 Goldman Sachs Group Inc
-22.45%
2,200,913 $270,272,191
2024 Q1 Blackrock
+2.23%
28,585,013 $3,510,239,585
2024 Q1 Envestnet Asset Management Inc
+29.55%
2,689,568 $330,278,918

Institutional shareholders

Shareholder Stake
Shares owned
Shares
Value (in thousands USD)
Vanguard Group Inc 8.32% 29,931,007
Blackrock 7.94% 28,585,013
Capital International Investors 4.72% 16,980,869
State Street Corp 3.62% 13,040,576
Bank Of New York Mellon Corp 3.09% 11,126,465
Wells Fargo & Company/mn 2.68% 9,635,226
Geode Capital Management 2.41% 8,685,031
Charles Schwab Investment Management Inc 1.89% 6,788,274
Bank Of America Corp de/ 1.65% 5,937,290
Morgan Stanley 1.20% 4,302,020