Paychex, Inc. Share Price and Company Fundamentals



Price
$114.26
Change
-0.540 (-0.470%)
52 week
71.97 - 114.96

Last traded: Yesterday at 8:00 PM

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, 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, 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 1971 and is headquartered in Rochester, New York.

Key Metrics

PE ratio

37.71

PB ratio

13.95

Dividend yield

2.20%

Beta

0.90

Market cap

$41.11B

Enterprise value

$41.2B

Company profile

Industry / SectorStaffing & Employment Services / Industrials
Full time employees15000
Websitehttp://www.paychex.com
Mailing address911 Panorama Trail South Rochester NY 14625-2396 United States
Phone / Fax585 385 6666 /

Dividends

Dividend yield

2.20%

Dividend amount

$2.52

Payout ratio

83.17%

5Y Avg. yield

2.98%

Paychex, Inc. paid $2.52 dividend and the ex-dividend date was 29 July 2021.The dividend payout ratio is 83.17%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.PAYX dividend payout ratio is between 70-90%. The lower dividend payout ratio is preferrable since it provides company margin to grow the dividends in future.

PAYX's forward dividend amount is $2.64 and the forward dividend yield is 2.30%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of Aug 2021, following are the company executives and directors listed on Paychex, Inc..

NameTitleAgeTotal Pay
Mr. Martin MucciPres, CEO & Director601.78M
Mr. Efrain Rivera M.B.A., DM, J.D., MBASr. VP, CFO & Treasurer63806.61k
Mr. Mark A. BottiniSr. VP of Sales59744.9k
Mr. Michael E. GiojaSr. VP of Product Devel. & Information Technology62765.99k
Mr. John B. GibsonSr. VP of Service53764.77k
Mr. Christopher DeSalvoVP of Service Excellence & Operations
Mr. Bradley J. Schaufenbuel J.D., L.L.M.VP & Chief Information Security Officer47
Ms. Terri AllenInvestor Relations
Ms. Stephanie L. SchaefferVP, Chief Legal Officer & Corp. Sec.50
Mr. Frank FiorilleVP of Risk, Compliance & Data Analytics

Profitability and management effectiveness

Profit margin

27.05%

Operating margin

36.01%

Return on assets

10.27%

Return on equity

38.31%

Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of Paychex, Inc. is 41.11B and its enterprise value is 41.2B. The enterprise value to revenue ratio of PAYX is 10.16.

The PAYX's stocks Beta value is 0.90 making it 10% less volatile compared to NASDAQ market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

Paychex, Inc. (NASDAQ:PAYX) Frequently Asked Questions

1. What is Paychex, Inc.'s Stock Symbol?

Paychex, Inc. trades on NASDAQ under the ticker symbol "PAYX".

2. What is Paychex, Inc.'s stock price today?

One share of PAYX stock can currently be purchased for approximately $114.26.

3. How can I contact Paychex, Inc.?

Paychex, Inc.'s mailing address is 911 Panorama Trail South Rochester NY 14625-2396 United States. The company can be reached via phone at 585 385 6666.

4. What is Paychex, Inc.'s official website?

The official website of Paychex, Inc. is http://www.paychex.com.