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Paychex, Inc. (PAYX)

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139.09 -0.24 (-0.17%)
At close: November 1 at 4:00 PM EDT
139.19 +0.10 (+0.07%)
After hours: November 1 at 5:53 PM EDT
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DELL
  • Previous Close 139.33
  • Open 139.14
  • Bid 139.01 x 300
  • Ask 139.15 x 300
  • Day's Range 138.02 - 140.13
  • 52 Week Range 109.98 - 144.17
  • Volume 1,165,296
  • Avg. Volume 1,598,282
  • Market Cap (intraday) 50.058B
  • Beta (5Y Monthly) 0.99
  • PE Ratio (TTM) 29.66
  • EPS (TTM) 4.69
  • Earnings Date Dec 19, 2024 - Dec 23, 2024
  • Forward Dividend & Yield 3.92 (2.82%)
  • Ex-Dividend Date Nov 7, 2024
  • 1y Target Est 133.54

Paychex, Inc., together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), 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 integrated HCM technology solutions and HR advisory services through both virtual and on-site availability of a professionally trained HR representative, as well as HR support to non-payroll clients through its HR Partner Plus solution; and retirement services administration, such as 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.com

16,000

Full Time Employees

May 31

Fiscal Year Ends

Recent News: PAYX

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Performance Overview: PAYX

Trailing total returns as of 11/1/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

PAYX
19.53%
S&P 500
20.10%

1-Year Return

PAYX
29.21%
S&P 500
36.60%

3-Year Return

PAYX
22.08%
S&P 500
24.39%

5-Year Return

PAYX
90.69%
S&P 500
88.60%

Compare To: PAYX

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Statistics: PAYX

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Valuation Measures

Annual
As of 11/1/2024
  • Market Cap

    50.06B

  • Enterprise Value

    49.43B

  • Trailing P/E

    29.66

  • Forward P/E

    27.70

  • PEG Ratio (5yr expected)

    4.09

  • Price/Sales (ttm)

    9.48

  • Price/Book (mrq)

    13.00

  • Enterprise Value/Revenue

    9.31

  • Enterprise Value/EBITDA

    20.28

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    31.98%

  • Return on Assets (ttm)

    12.03%

  • Return on Equity (ttm)

    45.67%

  • Revenue (ttm)

    5.31B

  • Net Income Avi to Common (ttm)

    1.7B

  • Diluted EPS (ttm)

    4.69

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.5B

  • Total Debt/Equity (mrq)

    22.52%

  • Levered Free Cash Flow (ttm)

    1.18B

Research Analysis: PAYX

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 1.32B
Earnings 427.4M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

115.00 Low
133.54 Average
139.09 Current
148.00 High
 

Company Insights: PAYX

Research Reports: PAYX

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  • Raising target price

    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 over 16,000 employees. The shares are a component of the S&P 500 Index.

    Rating
    Price Target
     
  • The big banks kick off earnings season this week, while the economic focus is

    The big banks kick off earnings season this week, while the economic focus is on inflation with the CPI report. Last week, the Dow Jones Industrial Average and the Nasdaq both eked out a positive return, with each ending higher by 0.1%; the S&P 500 was barely better having gained 0.2%. For the year, the Dow is higher by 12%, and the S&P 500 and the Nasdaq have both popped by 21%. On the economic calendar, key inflation data is due on Thursday in the form of the CPI report. In August, CPI printed at 2.5% and core CPI was 3.2%. We see CPI slowing to 2.3% for September and core inching lower to 3.1%. In other economic news, the U.S. Trade Deficit is reported on Tuesday; the minutes from the last Fed rate meeting are released on Wednesday; and on Friday, the Producer Price index comes out, providing an update on wholesale inflation. As well, multiple Fed officials speak publicly. On the earnings calendar, some of the country's biggest banks start things off with reports on Friday. The list includes JP Morgan Chase, Wells Fargo, Bank of New York, and BlackRock. Now that the Federal Reserve has shifted its monetary policy, investors likely will be expecting guidance on how lower interest rates might stimulate loan growth. Also reporting next week are PepsiCo and Domino's Pizza. Last week, data on the jobs market was surprisingly strong. Nonfarm payrolls printed at 254,000 for September versus a revised-higher 159,000 in August. The unemployment rate dipped to 4.1% from 4.2% the month prior. Wall Street took this as a sign that the economy, and especially the labor market, are healthy. Mortgage rates ticked up to 6.12% for the average 30-year fixed-rate mortgage. Gas prices dropped a penny to $3.18 per gallon for the average price of regular gas. The Atlanta Fed GDPNow indicator is forecasting for 3Q and calls for expansion of 2.5%. The Cleveland Fed CPINow forecast for October is 2.5%. The next Fed rate decisions are on November 7 and December 18. For November, odds are at 97% for a 25-basis-point cut, this according to the CME FedWatch tool. Previously, there had been lots of chatter about a bigger cut -- but the strong jobs data from last week seemingly dampened that sentiment. We forecast two more rate cuts by the end of 2024 and three in 2025 -- with all by 25 basis points.

     
  • Paychex Earnings: Underlying Fundamentals Robust Despite Program Expiration Headwinds

    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, founded in 1971, services over 745,000 clients and pays 1 in 12 US 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.

    Rating
    Price Target
     
  • Daily – Vickers Top Buyers & Sellers for 07/26/2024

    The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

     

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