PAYX
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% |
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% |
Debt/Equity | 2.02 |
---|---|
Net debt/EBITDA | -1.35 |
Current ratio | 1.24 |
Quick ratio | 1.24 |
Volatility | 1.63% |
---|---|
Beta | 0.66 |
RSI | 60.19 |
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Insider ownership | 10.75% |
---|---|
Inst. ownership | 73.22% |
Shares outst. | 359.963M |
---|---|
Shares float | 0.000 0.00% |
Short % of float | 3.02% |
Short ratio | 4.92 |
Dividend | $3.65 |
---|---|
Dividend yield | 2.93% |
Payout ratio | 79.18% |
Payment date | N/A |
Ex-dividend date | N/A |
Earnings date | 26 Jun 2024 |
Wednesday, 12 June 2024
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Paychex, Inc. Schedules Fourth Quarter Fiscal 2024 Earnings Conference Call for June 26, 2024 | |
Thursday, 23 May 2024
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What Does Paychex, Inc.'s Share Price Indicate? | |
Saturday, 4 May 2024
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23 Most Profitable Stocks of the Last 12 Months | |
Thursday, 4 January 2024
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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
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S&P 500 Gains and Losses Today: Micron Boosted by Higher Prices and AI Demand | |
Paychex Stock Slumps as Pressures on Businesses Affect Its Revenue | |
Paychex's quarterly revenue growth slows on weak client spending | |
Paychex Stock Drops After Mixed Q2 Performance - What's Going On? | |
Midday Movers: CarMax Helps Drive the S&P 500 Higher | |
Thursday, 9 November 2023
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Paychex Named a Leader in Payroll Services by NelsonHall | |
Wednesday, 8 November 2023
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Stocks most focused on their company's 'nuts and bolts' | |
Thursday, 12 October 2023
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Paychex Declares Quarterly Dividend | |
Friday, 6 October 2023
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Should You Be Adding Paychex To Your Watchlist Today? | |
Tuesday, 3 October 2023
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Hourly Wage Growth for Small Business Workers Continues to Cool, Consistent with Overall Inflation Trend | |
Wednesday, 27 September 2023
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Unveiling the Investment Potential of Paychex Inc : A Comprehensive Analysis of Financial ... | |
Thursday, 21 September 2023
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Paychex, Inc.'s Intrinsic Value Is Potentially 34% Above Its Share Price | |
Thursday, 14 September 2023
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Paychex Releases 2023 Environmental, Social, and Governance Report | |
Wednesday, 13 September 2023
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Paychex, Inc. Schedules First Quarter Fiscal 2024 Earnings Conference Call for September 27, 2023 | |
Tuesday, 29 August 2023
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Unveiling Paychex 's Value: Is It Really Priced Right? A Comprehensive Guide | |
Tuesday, 8 August 2023
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Paychex Stock Scores Rising Relative Strength Rating | |
Friday, 4 August 2023
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Paychex, Inc. Stock Goes Ex-Dividend In Just Four Days | |
Tuesday, 1 August 2023
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Job Market Remains Stable, Wage Growth Drops Below Four Percent | |
Sunday, 30 July 2023
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Paychex, Inc. is a favorite amongst institutional investors who own 74% | |
Thursday, 6 July 2023
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Paychex Named a Leader in HCM Technology by NelsonHall | |
Wednesday, 5 July 2023
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Small Business Jobs Index Dips in June, Rate of Wage Growth Continues to Moderate | |
Insider |
Trans.
Transaction
|
Total value |
---|---|---|
David J S Flaschen | Option 24 May 2024 | $1,069,213 |
Joseph M Velli | Option 17 May 2024 | $452,445 |
Michael E Gioja Sr. Vice President | Option 7 Feb 2024 | $2,437,737 |
Mark Anthony Bottini Sr. VP of Sales | Option 29 Jan 2024 | $645,558 |
David J S Flaschen | Option 28 Dec 2023 | $1,596,527 |
Michael E Gioja Sr. Vice President | Option 6 Oct 2023 | $2,514,456 |
Michael E Gioja Sr. Vice President | Sale 1 Aug 2023 | $5,724,418 |
Efrain Rivera Sr. Vice President and CFO | Sale 14 Jul 2023 | $2,433,727 |
Martin Mucci Director | Option 14 Jul 2023 | $8,144,552 |
Joseph M Tucci Director | Option 10 Jul 2023 | $452,445 |
Joseph M Tucci Director | Option 6 Jul 2023 | $472,747 |
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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% |
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 |
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% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
(in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
---|---|---|---|---|---|
Current assets | |||||
Cash | $1,734.6 | $1,411 | |||
Short term investments | $36.6 | $34.4 | |||
Net receivables | $1,679.3 | $1,627.1 | |||
Inventory | |||||
Total current assets | $9,886.4 | $8,923.7 | |||
Long term investments | $1.6 | $1.6 | |||
Property, plant & equipment | $478 | $477 | |||
Goodwill & intangible assets | $2,087.2 | $2,083.3 | |||
Total noncurrent assets | $3,137.5 | $3,128.4 | |||
Total investments | $38.2 | $36 | |||
Total assets | $13,023.9 | $12,052.1 | |||
Current liabilities | |||||
Accounts payable | $94 | $92.3 | |||
Deferred revenue | $51.7 | $55.1 | |||
Short long term debt | $18.8 | $13.6 | |||
Total current liabilities | $8,000.8 | $7,254.4 | |||
Long term debt | $850 | $851.9 | |||
Total noncurrent liabilities | $1,276 | $1,273.3 | |||
Total debt | $868.8 | $865.5 | |||
Total liabilities | $9,276.8 | $8,527.7 | |||
Stockholders' equity | |||||
Retained earnings | $2,186.2 | $2,009.4 | |||
Other stockholder equity | -$145.2 | -$167.2 | |||
Total stockholder equity | $3,747.1 | $3,524.4 |
(in millions USD) | 2023 | 2022 | ||
---|---|---|---|---|
Current assets | ||||
Cash | $1,271.8 | $420.3 | ||
Short term investments | $373.4 | $853.9 | ||
Net receivables | $1,401.8 | $1,295.9 | ||
Inventory | ||||
Total current assets | $7,528.1 | $6,581.6 | ||
Long term investments | $3.8 | $30.5 | ||
Property, plant & equipment | $457.8 | $480 | ||
Goodwill & intangible assets | $2,021.4 | $2,056.1 | ||
Total noncurrent assets | $3,018.3 | $3,053.6 | ||
Total investments | $377.2 | $884.4 | ||
Total assets | $10,546.4 | $9,635.2 | ||
Current liabilities | ||||
Accounts payable | $84.7 | $105.7 | ||
Deferred revenue | $47.3 | $38.4 | ||
Short long term debt | $10.2 | $8.7 | ||
Total current liabilities | $5,805.4 | $5,269.2 | ||
Long term debt | $855.5 | $872.5 | ||
Total noncurrent liabilities | $1,247.8 | $1,280.8 | ||
Total debt | $865.7 | $881.2 | ||
Total liabilities | $7,053.2 | $6,550 | ||
Stockholders' equity | ||||
Retained earnings | $2,023.1 | $1,669.6 | ||
Other stockholder equity | -$159.9 | -$133.9 | ||
Total stockholder equity | $3,493.2 | $3,085.2 |
Income statement
(in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
---|---|---|---|---|---|
Revenue | |||||
Total revenue | $1,439.3 | $1,257.9 | |||
Cost of revenue | $379.8 | $364.1 | |||
Gross profit | $1,059.5 | $893.8 | |||
Operating activities | |||||
Research & development | |||||
Selling, general & administrative | $409.7 | $387.6 | |||
Total operating expenses | $409.7 | $387.6 | |||
Operating income | $649.8 | $506.2 | |||
Income from continuing operations | |||||
EBIT | $659.2 | $517.9 | |||
Income tax expense | $160.6 | $125.2 | |||
Interest expense | |||||
Net income | |||||
Net income | $498.6 | $392.7 | |||
Income (for common shares) | $498.6 | $392.7 |
(in millions USD) | 2023 | 2022 | ||
---|---|---|---|---|
Revenue | ||||
Total revenue | $5,007.1 | $4,611.7 | ||
Cost of revenue | $1,453 | $1,356.3 | ||
Gross profit | $3,554.1 | $3,255.4 | ||
Operating activities | ||||
Research & development | ||||
Selling, general & administrative | $1,521 | $1,415.4 | ||
Total operating expenses | $1,521 | $1,415.4 | ||
Operating income | $2,033.1 | $1,840 | ||
Income from continuing operations | ||||
EBIT | $2,048.2 | $1,824.6 | ||
Income tax expense | $490.9 | $431.8 | ||
Interest expense | ||||
Net income | ||||
Net income | $1,557.3 | $1,392.8 | ||
Income (for common shares) | $1,557.3 | $1,392.8 |
Cash flows
(in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
---|---|---|---|---|---|
Net income | $498.6 | $392.7 | |||
Operating activities | |||||
Depreciation | $44.8 | $44.9 | |||
Business acquisitions & disposals | -$0.3 | ||||
Stock-based compensation | $14.4 | $14.7 | |||
Total cash flows from operations | $671.7 | $348.5 | |||
Investing activities | |||||
Capital expenditures | -$40.7 | -$40.7 | |||
Investments | $37.9 | -$78.7 | |||
Total cash flows from investing | -$8.1 | -$133.7 | |||
Financing activities | |||||
Dividends paid | -$320.4 | -$320.2 | |||
Sale and purchase of stock | -$169.2 | ||||
Net borrowings | $5.2 | ||||
Total cash flows from financing | $307.5 | -$537.1 | |||
Effect of exchange rate | |||||
Change in cash and equivalents | $971.1 | -$322.3 |
(in millions USD) | 2023 | 2022 | ||
---|---|---|---|---|
Net income | $1,557.3 | $1,392.8 | ||
Operating activities | ||||
Depreciation | $176.6 | $191.8 | ||
Business acquisitions & disposals | -$2.7 | -$24.9 | ||
Stock-based compensation | $62.6 | $52.8 | ||
Total cash flows from operations | $1,699.4 | $1,505.5 | ||
Investing activities | ||||
Capital expenditures | -$126.3 | -$132.6 | ||
Investments | $357.9 | -$1,252.8 | ||
Total cash flows from investing | $218.5 | -$1,420.9 | ||
Financing activities | ||||
Dividends paid | -$1,175 | -$1,000 | ||
Sale and purchase of stock | -$145.2 | |||
Net borrowings | $2 | $1.3 | ||
Total cash flows from financing | -$711.4 | -$979.3 | ||
Effect of exchange rate | ||||
Change in cash and equivalents | $1,206.5 | -$894.7 |
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 |