Paychex Stock Today
| PAYX Stock | USD 119.52 1.73 1.47% |
Performance0 of 100
| Odds Of DistressLess than 5
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Paychex is trading at 119.52 as of the 19th of April 2024; that is 1.47 percent up since the beginning of the trading day. The stock's open price was 117.79. Paychex has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Paychex are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Commercial & Professional Services | IPO Date 26th of March 1990 | Category Industrials |
Paychex, Inc. provides integrated human capital management solutions for human resources , payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. The company was founded in 1971 and is headquartered in Rochester, New York. The company has 359.96 M outstanding shares of which 11.16 M shares are at this time shorted by private and institutional investors with about 6.19 trading days to cover. More on Paychex
Follow Valuation Options Odds of Bankruptcy
Financial Report 4th of July 2024
Paychex Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Paychex's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Paychex or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Paychex's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Paychex's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| Chairman | Martin Mucci | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Hedge Favorites (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Human Resource & Employment Services, Commercial & Professional Services, Industrials, SP 500 Index, Nasdaq 100, NASDAQ 100 Pre, NASDAQ Composite, NASDAQ Composite Total, BETTERINVESTING 100 INDEX, BTRINVSTNG 100 INDEX, Hedge Favorites, Industrials, Professional Services, Staffing & Employment Services, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Paychex report their recommendations after researching Paychex's financial statements, talking to executives and customers, or listening in on Paychex's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Paychex. The Paychex consensus assessment is calculated by taking the average forecast from all of the analysts covering Paychex. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key measurements obtained from Paychex's financial statements, Paychex may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Paychex is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Paychex's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Paychex's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Paychex's financial leverage. It provides some insight into what part of Paychex's total assets is financed by creditors.
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Paychex (PAYX) is traded on NASDAQ Exchange in USA. It is located in 911 Panorama Trail South, Rochester, NY, United States, 14625-2396 and employs 16,000 people. Paychex is listed under Human Resource & Employment Services category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 42.4 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Paychex's market, we take the total number of its shares issued and multiply it by Paychex's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Paychex conducts business under Professional Services sector and is part of Industrials industry. The entity has 359.96 M outstanding shares of which 11.16 M shares are at this time shorted by private and institutional investors with about 6.19 trading days to cover.
Paychex currently holds about 1.23 B in cash with 1.7 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.41.
Check Paychex Probability Of Bankruptcy
Ownership AllocationPaychex has a total of 359.96 Million outstanding shares. The majority of Paychex outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Paychex to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Paychex. Please pay attention to any change in the institutional holdings of Paychex as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Paychex Ownership Details
Paychex Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Paychex jumping above the current price in 90 days from now is about 90.4%. The Paychex probability density function shows the probability of Paychex stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Paychex has a beta of 0.7927 indicating as returns on the market go up, Paychex average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Paychex will be expected to be much smaller as well. Additionally, paychex has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Paychex to move above the current price in 90 days from now is about 90.4 (This Paychex probability density function shows the probability of Paychex Stock to fall within a particular range of prices over 90 days) .
Paychex Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Paychex that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Paychex's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Paychex's value.| Instituion | Recorded On | Shares | |
| Northern Trust Corp | 2023-12-31 | 4.3 M | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 3.9 M | |
| Legal & General Group Plc | 2023-12-31 | 3.2 M | |
| Envestnet Asset Management Inc | 2023-12-31 | 2.7 M | |
| Fidelity International Ltd | 2023-12-31 | 2.5 M | |
| Amvescap Plc. | 2023-12-31 | 2.5 M | |
| Select Equity Group Lp | 2023-12-31 | 2.4 M | |
| Royal Bank Of Canada | 2023-12-31 | 2.3 M | |
| First Trust Advisors L.p. | 2023-12-31 | 2.2 M | |
| Vanguard Group Inc | 2023-12-31 | 30.4 M | |
| Blackrock Inc | 2023-12-31 | 28 M |
Paychex Historical Income Statement
Paychex Income Statement is one of the three primary financial statements used for reporting Paychex's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Paychex revenue and expense. Paychex Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Paychex's Total Other Income Expense Net is fairly stable compared to the past year. Net Income is likely to rise to about 1.9 B in 2024, despite the fact that Interest Expense is likely to grow to (16.5 M). View More FundamentalsPaychex Stock Against Markets
Picking the right benchmark for Paychex stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Paychex stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Paychex is critical whether you are bullish or bearish towards Paychex at a given time. Please also check how Paychex's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Paychex without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Paychex Corporate Directors
Paychex corporate directors refer to members of a Paychex board of directors. The board of directors generally takes responsibility for the Paychex's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Paychex's board members must vote for the resolution. The Paychex board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| David Flaschen | Independent Director | Profile | |
| Joseph Doody | Independent Director | Profile | |
| Joseph Velli | Independent Director | Profile | |
| Pamela Joseph | Independent Director | Profile |
How to buy Paychex Stock?
Before investing in Paychex, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Paychex. To buy Paychex stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Paychex. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Paychex stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Paychex stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Paychex stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Paychex, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.
Already Invested in Paychex?
The danger of trading Paychex is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Paychex is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Paychex. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Paychex is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Paychex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Paychex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Paychex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Paychex Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Paychex Stock analysis
When running Paychex's price analysis, check to measure Paychex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Paychex is operating at the current time. Most of Paychex's value examination focuses on studying past and present price action to predict the probability of Paychex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paychex's price. Additionally, you may evaluate how the addition of Paychex to your portfolios can decrease your overall portfolio volatility.
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Is Paychex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paychex. If investors know Paychex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paychex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.07 | Dividend Share 3.56 | Earnings Share 4.59 | Revenue Per Share 14.461 | Quarterly Revenue Growth 0.042 |
The market value of Paychex is measured differently than its book value, which is the value of Paychex that is recorded on the company's balance sheet. Investors also form their own opinion of Paychex's value that differs from its market value or its book value, called intrinsic value, which is Paychex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paychex's market value can be influenced by many factors that don't directly affect Paychex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paychex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paychex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paychex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.