Paychex Stock Analysis

Paychex Stock Analysis Notes

About 77.0% of the company shares are owned by institutional investors. The company last dividend was issued on the 12th of February 2024. Paychex had 3:2 split on the 23rd of May 2000. 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. Paychex operates under Staffing Employment Services classification in the United States and is traded on NASDAQ Exchange. It employs 16000 people. To find out more about Paychex contact Martin Mucci at 585 385 6666 or learn more at https://www.paychex.com.

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Paychex Thematic Classifications

Paychex Stock Institutional Investors

Note, although Paychex's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Paychex Market Capitalization

The company currently falls under 'Large-Cap' category with a current market capitalization of 44.28 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 Profitablity

The company has Profit Margin (PM) of 0.32 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.45 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.45.

Management Efficiency

Paychex has return on total asset (ROA) of 0.1135 % which means that it generated a profit of $0.1135 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.4647 %, meaning that it created $0.4647 on every $100 dollars invested by stockholders. Paychex's management efficiency ratios could be used to measure how well Paychex manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.14 in 2024. Return On Capital Employed is likely to drop to 0.33 in 2024. At this time, Paychex's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 3.6 B in 2024, whereas Other Current Assets are likely to drop slightly above 316.6 M in 2024.

Technical Drivers

As of the 15th of April 2024, Paychex holds the Risk Adjusted Performance of 0.0512, coefficient of variation of 1286.22, and Semi Deviation of 0.819. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Paychex, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Paychex, which can be compared to its competitors. Please check Paychex standard deviation, as well as the relationship between the value at risk and kurtosis to decide if Paychex is priced some-what accurately, providing market reflects its current price of 122.45 per share. Given that Paychex has jensen alpha of 0.0096, we recommend you to check out Paychex's recent market performance to make sure the company can sustain itself at a future point.

Paychex Price Movement Analysis

Paychex Insider Trading Activities

Paychex Predictive Daily Indicators

Paychex Corporate Filings

Paychex Forecast Models

Paychex's time-series forecasting models are one of many Paychex's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Paychex's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Paychex prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Paychex shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Paychex. By using and applying Paychex Stock analysis, traders can create a robust methodology for identifying Paychex entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Paychex analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Paychex analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Paychex stock analysis indicators help investors evaluate how Paychex stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Paychex shares will generate the highest return on investment. By understating and applying Paychex stock analysis, traders can identify Paychex position entry and exit signals to maximize returns.

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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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.

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.

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.