Paychex, Inc. (PAYX)
- Previous Close
121.62 - Open
120.62 - Bid 122.48 x 100
- Ask 122.55 x 100
- Day's Range
120.42 - 122.68 - 52 Week Range
104.09 - 129.70 - Volume
1,806,077 - Avg. Volume
1,855,372 - Market Cap (intraday)
44.103B - Beta (5Y Monthly) 0.93
- PE Ratio (TTM)
26.69 - EPS (TTM)
4.59 - Earnings Date Jun 27, 2024 - Jul 1, 2024
- Forward Dividend & Yield 3.56 (2.91%)
- Ex-Dividend Date Feb 12, 2024
- 1y Target Est
121.11
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.
www.paychex.comRecent News: PAYX
Performance Overview: PAYX
Trailing total returns as of 4/24/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: PAYX
Valuation Measures
Market Cap
43.77B
Enterprise Value
42.91B
Trailing P/E
26.49
Forward P/E
24.15
PEG Ratio (5yr expected)
3.11
Price/Sales (ttm)
8.45
Price/Book (mrq)
11.68
Enterprise Value/Revenue
8.23
Enterprise Value/EBITDA
17.86
Financial Highlights
Profitability and Income Statement
Profit Margin
31.86%
Return on Assets (ttm)
11.35%
Return on Equity (ttm)
46.47%
Revenue (ttm)
5.21B
Net Income Avi to Common (ttm)
1.66B
Diluted EPS (ttm)
4.59
Balance Sheet and Cash Flow
Total Cash (mrq)
1.73B
Total Debt/Equity (mrq)
23.19%
Levered Free Cash Flow (ttm)
1.53B
Research Analysis: PAYX
Company Insights: PAYX
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Research Reports: PAYX
Analyst Report: Paychex, Inc.
Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 740,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.
RatingPrice TargetAnalyst Report: Paychex Inc.
Paychex Inc. is a provider of payroll, human resource, retirement, and insurance services to small and medium-size firms. Paychex's operations are primarily domestic; however, the company does have some offices in Europe. The company has approximately 16,000 employees. The shares are a component of the S&P 500 Index.
RatingPrice TargetMarket Update: PAYX
Stock markets were down on Tuesday morning ahead of the next read on inflation due out Wednesday morning via CPI and the unofficial start of earnings season, with big banks J.P. Morgan Chase, Wells Fargo, and Citigroup reporting. The Dow was down 0.3% and the S&P 500 fell .2%, while and the Nasdaq lost 0.04%. Crude oil traded just above $85 per barrel and gold rose $13 to $2364 per ounce.
Analyst Report: Paychex, Inc.
Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 740,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.
RatingPrice Target