paychex inc. - PAYX
PAYX
Close Chg Chg %
141.83 2.26 1.59%
Closed Market
144.09
+2.26 (1.59%)
Volume: 1.09M
Last Updated:
Nov 21, 2024, 4:00 PM EDT
Company Overview: paychex inc. - PAYX
PAYX Key Data
| Open $143.08 | Day Range 141.72 - 144.19 |
| 52 Week Range 114.74 - 150.71 | Market Cap $51.04B |
| Shares Outstanding 359.90M | Public Float 321.82M |
| Beta 0.99 | Rev. Per Employee N/A |
| P/E Ratio 30.22 | EPS $4.72 |
| Yield 263.70% | Dividend $0.98 |
| EX-DIVIDEND DATE Nov 7, 2024 | SHORT INTEREST N/A |
| AVERAGE VOLUME 1.61M |
PAYX Performance
| 1 Week | -0.79% | ||
| 1 Month | 1.07% | ||
| 3 Months | 9.10% | ||
| 1 Year | 19.69% | ||
| 5 Years | 67.57% |
PAYX Analyst Ratings
- Sell
- Under
- Hold
- Over
- Buy
Number of Ratings
20
Full Ratings ➔
About paychex inc. - PAYX
Paychex, Inc. provides human capital management solutions for payroll, human resources, insurance and retirement for small and medium-sized businesses. Its solutions include payroll services, hiring services, business insurance, time and attendance, employee benefits, finance and payments, human resources services and startup services. The company was founded by Blase Thomas Golisano in 1971 and is headquartered in Rochester, NY.
PAYX At a Glance
Paychex, Inc.
911 Panorama Trail South
Rochester, New York 14625-2396
| Phone | 1-585-385-6666 | Revenue | 5.28B | |
| Industry | Data Processing Services | Net Income | 1.69B | |
| Sector | Technology Services | 2024 Sales Growth | 5.416% | |
| Fiscal Year-end | 05 / 2025 | Employees | 16,500 | |
| View SEC Filings |
PAYX Valuation
| P/E Current | 30.215 |
| P/E Ratio (with extraordinary items) | N/A |
| P/E Ratio (without extraordinary items) | 25.74 |
| Price to Sales Ratio | 8.243 |
| Price to Book Ratio | 11.384 |
| Price to Cash Flow Ratio | 22.928 |
| Enterprise Value to EBITDA | 18.227 |
| Enterprise Value to Sales | 8.117 |
| Total Debt to Enterprise Value | 0.021 |
PAYX Efficiency
| Revenue/Employee | 319,896.97 |
| Income Per Employee | 102,448.485 |
| Receivables Turnover | 3.248 |
| Total Asset Turnover | 0.504 |
PAYX Liquidity
| Current Ratio | 1.366 |
| Quick Ratio | 1.366 |
| Cash Ratio | 0.292 |
PAYX Profitability
| Gross Margin | 71.974 |
| Operating Margin | 41.189 |
| Pretax Margin | 42.021 |
| Net Margin | 32.025 |
| Return on Assets | 16.153 |
| Return on Equity | 46.349 |
| Return on Total Capital | 36.07 |
| Return on Invested Capital | 37.576 |
PAYX Capital Structure
| Total Debt to Total Equity | 23.297 |
| Total Debt to Total Capital | 18.895 |
| Total Debt to Total Assets | 8.528 |
| Long-Term Debt to Equity | 22.299 |
| Long-Term Debt to Total Capital | 18.086 |
- Income Statement
- Balance Sheet
- Cash Flow Statement
Annual Financials for Paychex Inc. - PAYX
Collapse All in section
| All values USD millions. | 2021 | 2022 | 2023 | 2024 | 5-year trend |
|---|---|---|---|---|---|
Sales/Revenue
| 4.06B | 4.61B | 5.01B | 5.28B | |
Sales Growth
| +0.40% | +13.68% | +8.57% | +5.42% | |
Cost of Goods Sold (COGS) incl D&A
| 1.27B | 1.36B | 1.45B | 1.48B | |
COGS excluding D&A
| - | - | - | - | - |
Depreciation & Amortization Expense
| 192.00M | 191.80M | 176.60M | 176.50M | |
Depreciation
| 123.40M | 133.70M | 128.40M | 127.50M | |
Amortization of Intangibles
| 68.60M | 58.10M | 48.20M | 49.00M | |
COGS Growth
| -0.75% | +6.69% | +7.13% | +1.81% | |
Gross Income
| 2.79B | 3.26B | 3.55B | 3.80B | |
Gross Income Growth
| +0.94% | +16.87% | +9.18% | +6.89% | |
Gross Profit Margin
| +68.66% | +70.59% | +70.98% | +71.97% |
| 2021 | 2022 | 2023 | 2024 | 5-year trend | |
|---|---|---|---|---|---|
SG&A Expense
| 1.32B | 1.42B | 1.52B | 1.62B | |
Research & Development
| - | - | - | - | - |
Other SG&A
| 1.32B | 1.42B | 1.52B | 1.62B | |
SGA Growth
| +1.98% | +6.83% | +7.46% | +6.83% | |
Other Operating Expense
| - | - | - | - | - |
Unusual Expense
| - | - | - | - | - |
EBIT after Unusual Expense
| 1.46B | 1.84B | 2.03B | 2.17B | |
Non Operating Income/Expense
| 9.30M | 21.20M | 51.80M | 81.20M | |
Non-Operating Interest Income
| 1.10M | 2.70M | 49.10M | 82.70M | |
Equity in Earnings of Affiliates
| - | - | - | - | - |
Interest Expense
| 35.80M | 36.60M | 36.70M | 37.30M | |
Interest Expense Growth
| -7.73% | +2.23% | +0.27% | +1.63% | |
Gross Interest Expense
| 35.80M | 36.60M | 36.70M | 37.30M | |
Interest Capitalized
| - | - | - | - | - |
Pretax Income
| 1.43B | 1.82B | 2.05B | 2.22B | |
Pretax Income Growth
| -0.20% | +27.22% | +12.25% | +8.29% | |
Pretax Margin
| +35.35% | +39.56% | +40.91% | +42.02% | |
Income Tax
| 336.70M | 431.80M | 490.90M | 527.60M | |
Income Tax - Current - Domestic
| 357.70M | 430.50M | 535.20M | 550.90M | |
Income Tax - Current - Foreign
| - | (1.00M) | (300.00K) | 6.50M | |
Income Tax - Deferred - Domestic
| (21.00M) | 1.80M | (41.60M) | (23.20M) | |
Income Tax - Deferred - Foreign
| - | 500.00K | (2.40M) | (6.60M) | |
Income Tax Credits
| - | - | - | - | - |
Equity in Earnings of Affiliates
| - | - | - | - | - |
Other After Tax Income (Expense)
| - | - | - | - | - |
Consolidated Net Income
| 1.10B | 1.39B | 1.56B | 1.69B | |
Minority Interest Expense
| - | - | - | - | - |
Net Income
| 1.10B | 1.39B | 1.56B | 1.69B | |
Net Income Growth
| -0.05% | +26.91% | +11.81% | +8.55% | |
Net Margin Growth
| +27.05% | +30.20% | +31.10% | +32.03% | |
Extraordinaries & Discontinued Operations
| - | - | - | - | - |
Discontinued Operations
| - | - | - | - | - |
Net Income After Extraordinaries
| 1.10B | 1.39B | 1.56B | 1.69B | |
Preferred Dividends
| - | - | - | - | - |
Net Income Available to Common
| 1.10B | 1.39B | 1.56B | 1.69B | |
EPS (Basic)
| 3.0495 | 3.8624 | 4.321 | 4.6916 | |
EPS (Basic) Growth
| -0.44% | +26.66% | +11.87% | +8.58% | |
Basic Shares Outstanding
| 359.90M | 360.60M | 360.40M | 360.30M | |
EPS (Diluted)
| 3.0309 | 3.8359 | 4.2984 | 4.6683 | |
EPS (Diluted) Growth
| -0.36% | +26.56% | +12.06% | +8.61% | |
Diluted Shares Outstanding
| 362.10M | 363.10M | 362.30M | 362.10M | |
EBITDA
| 1.65B | 2.03B | 2.21B | 2.35B | |
EBITDA Growth
| -1.05% | +22.94% | +8.76% | +6.38% | |
EBITDA Margin
| +40.74% | +44.06% | +44.13% | +44.53% |
Snapshot
| Average Recommendation | HOLD | Average Target Price | 135.538 | |
| Number of Ratings | 20 | Current Quarters Estimate | 1.125 | |
| FY Report Date | 11 / 2024 | Current Year's Estimate | 4.978 | |
| Last Quarter’s Earnings | 1.16 | Median PE on CY Estimate | N/A | |
| Year Ago Earnings | 4.72 | Next Fiscal Year Estimate | 5.278 | |
| Median PE on Next FY Estimate | N/A |
Earnings Per Share
| This Quarter | Next Quarter | This Fiscal | Next Fiscal | |
|---|---|---|---|---|
| # of Estimates | 15 | 15 | 16 | 16 |
| Mean Estimate | 1.13 | 1.48 | 4.98 | 5.28 |
| High Estimates | 1.15 | 1.51 | 5.05 | 5.37 |
| Low Estimate | 1.11 | 1.44 | 4.88 | 5.19 |
| Coefficient of Variance | 0.92 | 1.17 | 0.75 | 1.14 |
Analysts Recommendations
| Current | 1 Month Ago | 3 Months Ago | |
|---|---|---|---|
| BUY | 1 | 1 | 1 |
| OVERWEIGHT | 0 | 0 | 0 |
| HOLD | 14 | 15 | 15 |
| UNDERWEIGHT | 3 | 2 | 2 |
| SELL | 2 | 2 | 2 |
| MEAN | Hold | Hold | Hold |
SEC Filings for Paychex Inc. - PAYX
| Filing Date | Type | Category | Amended |
|---|---|---|---|
| No results | |||
Insider Actions for Paychex Inc. - PAYX
| Date | Name | Shares | Transaction | Value |
|---|---|---|---|---|
| Aug 20, 2024 | Christopher Simmons VP, Controller & Treasurer | 5,215 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $125.34 per share | 653,648.10 |
| Aug 20, 2024 | Christopher Simmons VP, Controller & Treasurer | 7,559 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $125.82 per share | 951,073.38 |
| Jul 26, 2024 | Mark Anthony Bottini Sr. VP of Sales | 79,232 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $123.6 per share | 9,793,075.20 |
| Jul 19, 2024 | Joseph G. Doody Director | 761 | Other acquisition or disposition | 0.00 |
| Jul 19, 2024 | Joseph G. Doody Director | 22,997 | Other acquisition or disposition | 0.00 |
| Jul 18, 2024 | John Bradley Gibson President and CEO | 65,203 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Jul 18, 2024 | John Bradley Gibson President and CEO | 79,637 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Jul 18, 2024 | John Bradley Gibson President and CEO | 56,017 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Jul 18, 2024 | Prabha Bhandari Chief Legal Officer, Secretary | 7,558 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Jul 18, 2024 | John Bradley Gibson President and CEO | 55,745 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $119.53 per share | 6,663,199.85 |
| Jul 18, 2024 | Thomas F. Bonadio Director | 3,351 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Jul 18, 2024 | Thomas F. Bonadio Director | 19,615 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Jul 18, 2024 | Mark Anthony Bottini Sr. VP of Sales | 80,837 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Jul 18, 2024 | Mark Anthony Bottini Sr. VP of Sales | 19,787 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Jul 18, 2024 | Mark Anthony Bottini Sr. VP of Sales | 88,186 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Jul 18, 2024 | Martin Mucci Director | 3,949 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Jul 18, 2024 | Martin Mucci Director | 434,473 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Jul 18, 2024 | Martin Mucci Director | 433,577 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $121.63 per share | 52,735,970.51 |
| Jul 18, 2024 | Joseph G. Doody Director | 3,351 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Jul 18, 2024 | Pamela A. Joseph Director | 3,351 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |