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Paychex, Inc. (PAYX)

Stock Price: $72.61 USD -0.15 (-0.21%)
Updated Aug 4, 2020 4:00 PM EDT - Market closed
After-hours: $72.62 +0.01 (0.01%) Aug 4, 5:02 PM

Stock Price Chart

Key Info

Market Cap 26.05B
Revenue (ttm) 4.04B
Net Income (ttm) 1.10B
Shares Out 358.80M
EPS (ttm) 3.04
PE Ratio 23.88
Forward PE 25.25
Dividend $2.48
Dividend Yield 3.42%

Stock Quote

Trading Day Aug 4, 2020
Last Price $72.61
Previous Close $72.76
Change ($) -0.15
Change (%) -0.21%
Day's Open 72.44
Day's Range 72.20 - 73.07
Day's Volume 1,902,689
52-Week Range 47.87 - 90.54

More Stats

Market Cap 26.05B
Enterprise Value 25.97B
Earnings Date (est) Sep 30, 2020
Ex-Dividend Date Jul 31, 2020
Shares Outstanding 358.80M
Float 320.11M
EPS (basic) 3.06
EPS (diluted) 3.04
FCF / Share 3.67
Dividend $2.48
Dividend Yield 3.42%
Earnings Yield 4.19%
FCF Yield 5.04%
Payout Ratio 81.00%
Shares Short 10.33M
Short Ratio 4.28
Short % of Float 3.20%
Beta 0.94
PE Ratio 23.88
Forward PE 25.25
P/FCF Ratio 19.83
PS Ratio 6.45
PB Ratio 9.28
Revenue 4.04B
Operating Income 1.46B
Net Income 1.10B
Free Cash Flow 1.31B
Net Cash 83.40M
Net Cash / Share 0.23
Gross Margin 68.30%
Operating Margin 36.15%
Profit Margin 27.20%
FCF Margin 32.52%
ROA 10.60%
ROE 40.66%
ROIC 72.00%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (21)

Buy 2
Overweight 0
Hold 16
Underweight 1
Sell 2

Analyst Consensus: Hold

Price Target

$73.82*
(1.67% upside)
Low
63.0
Current: $72.61
High
85.0
Target: 73.82
*Average 12-month price target from 17 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2020201920182017201620152014201320122011
Revenue4,0413,7733,3783,1532,9522,7402,5192,3262,2302,084
Revenue Growth7.1%11.69%7.13%6.81%7.75%8.76%8.28%4.32%6.98%-
Gross Profit2,7602,5952,3602,2342,0951,9321,7861,6551,5601,433
Operating Income1,4611,3711,2921,2541,1471,054983905854786
Net Income1,0981,034994826757675628569548515
Shares Outstanding359359359360361363365364362362
Earnings Per Share3.042.862.752.282.091.851.711.561.511.42
EPS Growth6.29%4%20.61%9.09%12.97%8.19%9.62%3.31%6.34%-
Dividend Per Share2.482.302.061.841.681.521.401.311.271.24
Dividend Growth7.83%11.65%11.96%9.52%10.53%8.57%6.87%3.15%2.42%-
Operating Cash Flow1,4411,2721,2769601,018895881675707715
Capital Expenditures-127-124-154-94.30-97.70-103-84.10-98.70-89.60-101
Free Cash Flow1,3141,1481,122866921792797577617615
Cash & Equivalents982763424323352537551506316464
Total Debt899809--------
Net Cash / Debt83.40-46.20424323352537551506316464
Assets8,5518,6767,9156,8346,4416,4686,3706,1646,4805,394
Liabilities5,7696,0575,5594,8784,5294,6824,5934,3904,8753,898
Book Value2,7812,6202,3571,9551,9121,7861,7771,7741,6051,496
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Paychex, Inc.
Country United States
Employees 15,600
CEO Martin Mucci

Stock Information

Ticker Symbol PAYX
Stock Exchange NASDAQ
Sector Industrials
Industry Staffing & Employment Services
Unique Identifier NASDAQ: PAYX

Description

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 and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It 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, the company offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, 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, it 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. The company markets and sells its services primarily through its direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.