Paychex Stock Performance
| PAYX Stock | USD 121.23 1.71 1.43% |
The company holds a Beta of 0.86, which implies possible diversification benefits within a given portfolio. Paychex returns are very sensitive to returns on the market. As the market goes up or down, Paychex is expected to follow. Paychex right now holds a risk of 0.98%. Please check Paychex treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to decide if Paychex will be following its historical price patterns.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Paychex has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, Paychex is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
Actual Historical Performance (%)
One Day Return 0.57 | Five Day Return 1.79 | Year To Date Return 3.44 | Ten Year Return 198.24 | All Time Return 58.5 K |
Forward Dividend Yield 0.0294 | Payout Ratio 0.779 | Last Split Factor 3:2 | Forward Dividend Rate 3.56 | Dividend Date 2024-02-27 |
| Paychex dividend paid on 13th of February 2024 | 02/13/2024 |
| Paychex dividend paid on 27th of February 2024 | 02/27/2024 |
1 | Disposition of tradable shares by Vance Beaumont of Paychex subject to Rule 16b-3 | 03/11/2024 |
2 | Disposition of 1960 shares by Christopher Simmons of Paychex at 117.98 subject to Rule 16b-3 | 03/14/2024 |
3 | Paychex Named Among FORTUNEs Most Innovative Companies | 03/26/2024 |
4 | Paychex, Inc. Reports Third Quarter Results Sustained Growth in Revenue and Earnings | 04/02/2024 |
5 | U.S. Small Business Job and Wage Growth Remain Steady | 04/03/2024 |
6 | Paychex Recognized for Excellence in Health Well-being by Business Group on Health | 04/09/2024 |
7 | Acquisition by Vance Beaumont of 1235 shares of Paychex subject to Rule 16b-3 | 04/15/2024 |
| Begin Period Cash Flow | 928.4 M | |
| Total Cashflows From Investing Activities | 218.5 M |
Paychex |
Paychex Relative Risk vs. Return Landscape
If you would invest 12,101 in Paychex on January 24, 2024 and sell it today you would earn a total of 22.00 from holding Paychex or generate 0.18% return on investment over 90 days. Paychex is currently generating 0.0076% in daily expected returns and assumes 0.9756% risk (volatility on return distribution) over the 90 days horizon. In different words, 8% of stocks are less volatile than Paychex, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Paychex Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paychex's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Paychex, and traders can use it to determine the average amount a Paychex's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0078
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| Negative Returns | PAYX |
Estimated Market Risk
| 0.98 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Paychex is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Paychex by adding Paychex to a well-diversified portfolio.
Paychex Fundamentals Growth
Paychex Stock prices reflect investors' perceptions of the future prospects and financial health of Paychex, and Paychex fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Paychex Stock performance.
| Return On Equity | 0.46 | ||||
| Return On Asset | 0.11 | ||||
| Profit Margin | 0.32 % | ||||
| Operating Margin | 0.45 % | ||||
| Current Valuation | 42.78 B | ||||
| Shares Outstanding | 359.96 M | ||||
| Price To Earning | 31.04 X | ||||
| Price To Book | 11.82 X | ||||
| Price To Sales | 8.49 X | ||||
| Revenue | 5.01 B | ||||
| Gross Profit | 3.26 B | ||||
| EBITDA | 2.21 B | ||||
| Net Income | 1.56 B | ||||
| Cash And Equivalents | 1.23 B | ||||
| Cash Per Share | 3.41 X | ||||
| Total Debt | 865.7 M | ||||
| Debt To Equity | 0.28 % | ||||
| Current Ratio | 1.29 X | ||||
| Book Value Per Share | 10.41 X | ||||
| Cash Flow From Operations | 1.7 B | ||||
| Earnings Per Share | 4.59 X | ||||
| Market Capitalization | 43.64 B | ||||
| Total Asset | 10.55 B | ||||
| Retained Earnings | 2.02 B | ||||
| Working Capital | 1.72 B | ||||
| Current Asset | 4.86 B | ||||
| Current Liabilities | 4.37 B | ||||
About Paychex Performance
To evaluate Paychex Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Paychex generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Paychex Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Paychex market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Paychex's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 953.33 | 674.23 | |
| Return On Tangible Assets | 0.21 | 0.14 | |
| Return On Capital Employed | 0.39 | 0.33 | |
| Return On Assets | 0.17 | 0.13 | |
| Return On Equity | 0.40 | 0.26 |
Things to note about Paychex performance evaluation
Checking the ongoing alerts about Paychex for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Paychex help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Over 77.0% of the company shares are owned by institutional investors | |
| On 27th of February 2024 Paychex paid $ 0.89 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Disposition of 1960 shares by Christopher Simmons of Paychex at 117.98 subject to Rule 16b-3 |
- Analyzing Paychex's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Paychex's stock is overvalued or undervalued compared to its peers.
- Examining Paychex's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Paychex's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Paychex's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Paychex's stock. These opinions can provide insight into Paychex's potential for growth and whether the stock is currently undervalued or overvalued.
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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.