Paychex Company Profile (NASDAQ:PAYX)

About Paychex

Paychex logoPaychex, Inc. is a provider of integrated human capital management (HCM) solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The Company also has operations in Germany. The Company offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services. As of May 31, 2016, the Company serviced approximately 605,000 payroll clients. It offers a portfolio of HCM services and products that allows its clients to meet their payroll and HR needs. Its payroll-related ancillary services and human resource service (HRS) offerings often leverage the information gathered in the base payroll processing service, allowing it to provide outsourcing services covering the HCM spectrum. The Company, through its HCM software-as-a-service platform, Paychex Flex, provides an integrated product suite that covers the employee life cycle from recruiting and hiring to retirement.

Industry, Sector and Symbol:
  • Sector: Business Services
  • Industry: Staffing & Outsourcing Services
  • Sub-Industry: Data Processing & Outsourced Services
  • Exchange: NASDAQ
  • Symbol: PAYX
  • CUSIP: 70432610
Key Metrics:
  • Previous Close: $60.85
  • 50 Day Moving Average: $60.68
  • 200 Day Moving Average: $58.98
  • 52-Week Range: $45.76 - $62.18
  • Trailing P/E Ratio: 28.39
  • Foreward P/E Ratio: 25.43
  • P/E Growth: 3.14
  • Market Cap: $21.90B
  • Outstanding Shares: 358,843,000
  • Beta: 0.88
  • Net Margins: 25.40%
  • Return on Equity: 41.00%
  • Return on Assets: 12.26%
  • Current Ratio: 1.11%
  • Quick Ratio: 1.11%
Additional Links:
Companies Related to Paychex:

Analyst Ratings

Consensus Ratings for Paychex (NASDAQ:PAYX) (?)
Ratings Breakdown: 7 Sell Ratings, 8 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 1.78)
Consensus Price Target: $56.67 (7.16% downside)

Analysts' Ratings History for Paychex (NASDAQ:PAYX)
DateFirmActionRatingPrice TargetDetails
1/11/2017Sanford C. BernsteinUpgradeUnderperform -> Market Perform$52.00 -> $59.00View Rating Details
12/23/2016ArgusReiterated RatingBuy$70.00View Rating Details
12/23/2016Wells Fargo & CompanyReiterated RatingMarket Perform$57.00 -> $61.00View Rating Details
12/23/2016Deutsche Bank AGReiterated RatingHold$56.00 -> $62.00View Rating Details
12/22/2016RBC Capital MarketsSet Price TargetSell$53.00 -> $54.00View Rating Details
12/22/2016Compass PointBoost Price TargetSell$45.00 -> $48.00View Rating Details
12/22/2016Royal Bank Of CanadaBoost Price TargetUnderperform$53.00 -> $54.00View Rating Details
12/20/2016Barclays PLCInitiated CoverageEqual Weight$63.00View Rating Details
12/16/2016Goldman Sachs Group Inc.UpgradeNeutral -> Buy$68.00View Rating Details
9/8/2016WedbushInitiated CoverageNeutral$65.00View Rating Details
8/23/2016Morgan StanleyReiterated RatingUnderweight$49.00View Rating Details
7/5/2016Jefferies GroupReiterated RatingUnderperform$40.00View Rating Details
7/5/2016BMO Capital MarketsReiterated RatingMarket Perform$55.00 -> $58.00View Rating Details
5/16/2016Sterne Agee CRTReiterated RatingNeutralView Rating Details
4/3/2016Oppenheimer Holdings Inc.Reiterated RatingBuyView Rating Details
3/31/2016Bank of America Corp.Reiterated RatingSell$50.00View Rating Details
3/31/2016Robert W. BairdReiterated RatingHoldView Rating Details
3/31/2016Citigroup Inc.Boost Price TargetSell$48.00 -> $49.00View Rating Details
8/14/2015JPMorgan Chase & Co.Reiterated RatingNeutral$48.00 -> $52.00View Rating Details
(Data available from 1/19/2015 forward)


Earnings History for Paychex (NASDAQ:PAYX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
12/21/2016Q217$0.55$0.56$778.99 million$771.40 millionViewN/AView Earnings Details
9/28/2016Q117$0.57$0.60$782.80 million$785.50 millionViewN/AView Earnings Details
6/30/2016Q416$0.49$0.49$753.90 millionViewListenView Earnings Details
3/30/2016Q316$0.50$0.50$751.14 million$752.60 millionViewListenView Earnings Details
12/22/2015Q216$0.51$0.52$722.40 millionViewListenView Earnings Details
9/30/2015Q116$0.51$0.52$723.00 millionViewN/AView Earnings Details
7/1/2015Q415$0.44$0.44$692.20 millionViewN/AView Earnings Details
3/25/2015Q315$0.46$0.46$701.16 million$693.60 millionViewN/AView Earnings Details
12/19/2014Q215$0.46$0.47$676.30 millionViewN/AView Earnings Details
9/24/2014Q115$0.46$0.47$666.80 millionViewListenView Earnings Details
7/1/2014Q414$0.40$0.40$617.35 million$639.00 millionViewListenView Earnings Details
3/26/2014Q314$0.42$0.44$628.85 million$636.00 millionViewListenView Earnings Details
12/19/2013Q2$0.42$0.43$598.89 million$610.50 millionViewListenView Earnings Details
10/1/2013Q114$0.43$0.44$605.56 million$597.90 millionViewListenView Earnings Details
6/26/2013Q4 2013$0.38$0.38$585.96 million$575.30 millionViewListenView Earnings Details
3/27/2013Q3 2013$0.39$0.40$592.62 million$593.30 millionViewListenView Earnings Details
12/19/2012Q2 2013$0.34$0.41$557.66 million$559.40 millionViewListenView Earnings Details
9/24/2012Q113$0.41$0.42$584.05 million$578.20 millionViewN/AView Earnings Details
6/27/2012$0.34$0.34ViewN/AView Earnings Details
3/28/2012$0.37$0.37ViewN/AView Earnings Details
12/20/2011$0.38$0.39ViewN/AView Earnings Details
9/27/2011$0.38$0.41ViewN/AView Earnings Details
6/22/2011$0.33$0.33ViewN/AView Earnings Details
3/23/2011$0.35$0.36ViewN/AView Earnings Details
12/20/2010$0.35$0.37$510.65 million$512.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Paychex (NASDAQ:PAYX)
Current Year EPS Consensus Estimate: $2.23 EPS
Next Year EPS Consensus Estimate: $2.4 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.49$0.51$0.50
Q2 20164$0.49$0.50$0.49
Q3 20163$0.57$0.57$0.57
Q4 20163$0.56$0.57$0.57
Q1 20173$0.56$0.57$0.56
Q2 20174$0.54$0.56$0.55
Q3 20174$0.53$0.60$0.55
Q4 20174$0.53$0.59$0.55
Q1 20182$0.62$0.64$0.63
Q2 20181$0.59$0.59$0.59
Q3 20181$0.58$0.58$0.58
Q4 20181$0.59$0.59$0.59
Q1 20191$0.69$0.69$0.69
Q2 20192$0.64$0.66$0.65
(Data provided by Zacks Investment Research)


Current Dividend Information for Paychex (NASDAQ:PAYX)
Annual Dividend:$1.84
Dividend Yield:3.01%
Dividend Growth:36.00% (3 Year Average)
Payout Ratio:85.58% (Based on Trailing 12 Months of Earnings)
82.51% (Based on Current Year Consensus EPS Estimate)
76.67% (Based on Next Year Consensus EPS Estimate)

Dividend History for Paychex (NASDAQ:PAYX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Paychex (NASDAQ:PAYX)
Insider Ownership Percentage: 11.60%
Institutional Ownership Percentage: 68.10%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
1/17/2017David J S FlaschenDirectorSell10,250$61.05$625,762.50View SEC Filing  
1/17/2017Michael E GiojaInsiderSell24,726$60.72$1,501,362.72View SEC Filing  
1/10/2017Pamela A JosephDirectorSell18,500$61.20$1,132,200.00View SEC Filing  
7/29/2016John B GibsonVPSell11,450$59.00$675,550.00View SEC Filing  
7/22/2016Joseph DoodyDirectorSell44,441$60.51$2,689,124.91View SEC Filing  
7/21/2016Michael E GiojaInsiderSell6,190$60.23$372,823.70View SEC Filing  
7/14/2016Jennifer R VosslerVPSell12,000$61.05$732,600.00View SEC Filing  
7/8/2016Efrain RiveraCFOSell7,235$61.33$443,722.55View SEC Filing  
7/8/2016Joseph M TucciDirectorSell3,641$61.00$222,101.00View SEC Filing  
7/8/2016Mark Anthony BottiniVPSell6,112$61.33$374,848.96View SEC Filing  
7/8/2016Martin MucciCEOSell42,397$61.33$2,600,208.01View SEC Filing  
7/8/2016Stephanie L. SchaefferInsiderSell3,438$61.33$210,852.54View SEC Filing  
7/7/2016Martin MucciCEOSell65,965$60.63$3,999,457.95View SEC Filing  
6/30/2016Laurie L ZauchaVPSell26,605$58.06$1,544,686.30View SEC Filing  
6/20/2016Laurie L ZauchaVPSell13,500$55.50$749,250.00View SEC Filing  
6/16/2016Laurie L ZauchaVPSell10,000$54.51$545,100.00View SEC Filing  
5/12/2016Pamela A JosephDirectorSell6,000$52.49$314,940.00View SEC Filing  
4/27/2016Grant M InmanDirectorSell4,197$52.85$221,811.45View SEC Filing  
4/5/2016Michael E GiojaVPSell19,450$53.52$1,040,964.00View SEC Filing  
4/1/2016David J S FlaschenDirectorSell6,000$53.57$321,420.00View SEC Filing  
11/19/2015Laurie L. ZauchaVPSell11,780$54.00$636,120.00View SEC Filing  
10/28/2015Martin MucciCEOSell30,000$52.00$1,560,000.00View SEC Filing  
10/27/2015Stephanie L. SchaefferinsiderSell31,375$52.01$1,631,813.75View SEC Filing  
10/26/2015Laurie L. ZauchaVPSell3,000$52.00$156,000.00View SEC Filing  
10/22/2015Laurie L. ZauchaVPSell3,093$51.00$157,743.00View SEC Filing  
10/21/2015Stephanie L. SchaefferinsiderSell12,000$50.72$608,640.00View SEC Filing  
10/16/2015Martin MucciCEOSell84,591$49.91$4,221,936.81View SEC Filing  
10/8/2015Laurie L. ZauchaVPSell3,858$50.00$192,900.00View SEC Filing  
7/11/2015Efrain RiveraCFOSell7,641$47.78$365,086.98View SEC Filing  
7/11/2015Mark Anthony BottiniVPSell8,128$47.78$388,355.84View SEC Filing  
7/11/2015Martin MucciCEOSell42,740$47.78$2,042,117.20View SEC Filing  
7/11/2015Stephanie L SchaefferInsiderSell3,300$47.78$157,674.00View SEC Filing  
7/9/2015Martin MucciCEOSell3,107$47.43$147,365.01View SEC Filing  
7/6/2015Joseph M TucciDirectorSell7,029$48.00$337,392.00View SEC Filing  
5/15/2015Grant M InmanDirectorSell6,753$49.92$337,109.76View SEC Filing  
4/20/2015Michael E GiojaVPSell19,483$49.03$955,251.49View SEC Filing  
3/16/2015Laurie L ZauchaVPSell9,279$51.00$473,229.00View SEC Filing  
2/20/2015Laurie L ZauchaVPSell9,000$49.50$445,500.00View SEC Filing  
2/5/2015Mark Anthony BottiniVPSell75,000$47.25$3,543,750.00View SEC Filing  
12/23/2014Martin MucciCEOSell70,000$47.43$3,320,100.00View SEC Filing  
11/10/2014Jennifer R VosslerVPSell5,000$47.48$237,400.00View SEC Filing  
11/3/2014Laurie L ZauchaVPSell11,574$47.02$544,209.48View SEC Filing  
11/3/2014Stephanie L SchaefferInsiderSell9,000$47.02$423,180.00View SEC Filing  
10/27/2014Martin MucciCEOSell50,000$45.67$2,283,500.00View SEC Filing  
9/26/2014David J S FlaschenDirectorSell10,000$43.80$438,000.00View SEC Filing  
8/6/2014Jennifer R VosslerVPSell5,000$40.40$202,000.00View SEC Filing  
7/11/2014Martin MucciCEOSell3,835$41.92$160,763.20View SEC Filing  
7/10/2014Efrain RiveraCFOSell570$41.92$23,894.40View SEC Filing  
7/10/2014Martin MucciCEOSell6,809$41.81$284,684.29View SEC Filing  
7/10/2014Michael E GiojaVPSell2,307$41.78$96,386.46View SEC Filing  
7/10/2014Stephanie L SchaefferInsiderSell1,470$41.74$61,357.80View SEC Filing  
7/9/2014Jennifer R VosslerVPSell418$41.70$17,430.60View SEC Filing  
7/9/2014Martin MucciCEOSell3,302$41.70$137,693.40View SEC Filing  
7/9/2014Stephanie L SchaefferInsiderSell1,184$41.70$49,372.80View SEC Filing  
7/6/2014Martin MucciCEOSell26,309$41.55$1,093,138.95View SEC Filing  
7/6/2014Michael E GiojaVPSell4,422$41.55$183,734.10View SEC Filing  
7/6/2014Stephanie L SchaefferInsiderSell2,190$41.55$90,994.50View SEC Filing  
5/9/2014Grant InmanDirectorSell7,800$40.94$319,332.00View SEC Filing  
5/2/2014Jennifer VosslerVPSell1,122$41.40$46,450.80View SEC Filing  
4/4/2014Martin MucciCEOSell30,000$42.55$1,276,500.00View SEC Filing  
4/2/2014David FlaschenDirectorSell10,000$42.50$425,000.00View SEC Filing  
4/2/2014Michael GiojaVPSell24,329$42.37$1,030,819.73View SEC Filing  
1/27/2014Michael GiojaVPSell9,800$42.19$413,462.00View SEC Filing  
10/21/2013Kevin N HillVPSell25,317$42.20$1,068,377.40View SEC Filing  
10/12/2013Martin MucciCEOSell1,475$40.74$60,091.50View SEC Filing  
8/13/2013Martin MucciCEOSell50,000$40.23$2,011,500.00View SEC Filing  
7/11/2013Martin MucciCEOSell30,123$38.82$1,169,374.86View SEC Filing  
7/11/2013Michael E GiojaVPSell3,922$38.89$152,526.58View SEC Filing  
7/7/2013Martin MucciCEOSell3,055$37.61$114,898.55View SEC Filing  
12/28/2012Michael E GiojaVPSell26,375$31.09$819,998.75View SEC Filing  
10/8/2012Phillip HorsleyDirectorSell22,084$33.25$734,293.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Paychex (NASDAQ:PAYX)
DateHeadline logoThe SurePayroll Small Business Scorecard®: Optimism Hits New Highs (NASDAQ:PAYX) - January 18 at 7:42 PM
News IconWill The Needle Move For Paychex, Inc. (NASDAQ:PAYX) Shares This Earnings Season? - Wall Street Beacon (NASDAQ:PAYX) - January 17 at 11:10 AM logoPAYCHEX INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits (NASDAQ:PAYX) - January 17 at 11:10 AM logoPaychex (PAYX) Names Thomas Bonadio to Board of Directors (NASDAQ:PAYX) - January 14 at 12:02 AM logoPaychex Declares Quarterly Dividend (NASDAQ:PAYX) - January 14 at 12:02 AM logoPaychex Expands Board of Directors, Appoints New Member (NASDAQ:PAYX) - January 14 at 12:02 AM
News IconWall Street and Armchair Analysts Weigh in on Paychex, Inc. (NASDAQ:PAYX) Heading Into The New Year - Wall Street Beacon (NASDAQ:PAYX) - January 13 at 12:46 AM logoDish Network Becomes #5 Most Shorted Nasdaq 100 Component, Replacing Paychex (NASDAQ:PAYX) - January 12 at 3:02 PM logoPaychex upgraded by Bernstein (NASDAQ:PAYX) - January 11 at 7:47 PM
News IconHigh Market Cap Stock of the Day – Paychex, Inc. (NASDAQ:PAYX) (NASDAQ:PAYX) - January 10 at 8:00 PM logoPaychex Small Business Snapshot: Small Business Owners Identify Top Priorities for the Trump Administration (NASDAQ:PAYX) - January 5 at 11:53 PM logoPaychex Small Business Snapshot: Top Priorities for Small Business Owners Under Trump Administration (NASDAQ:PAYX) - January 5 at 11:53 PM logoETFs with exposure to Paychex, Inc. : January 4, 2017 (NASDAQ:PAYX) - January 4 at 7:55 PM
News IconSmall business jobs growth increased as 2016 ended (NASDAQ:PAYX) - January 3 at 10:21 AM logoPaychex | IHS Small Business Jobs Index Signals Employment Growth Increase as 2016 Ends (NASDAQ:PAYX) - January 3 at 10:21 AM
News IconWhy PAYX Stock Creates Vast Wealth (NASDAQ:PAYX) - January 2 at 8:51 AM logoPAYCHEX INC Financials (NASDAQ:PAYX) - December 30 at 7:28 PM logoPaychex, Inc. : Post Earnings Coverage as Paychex Reported Better-than-Expected Q2 Earnings Numbers (NASDAQ:PAYX) - December 30 at 9:10 AM logoPost Earnings Coverage as Paychex Reported Better-than-Expected Q2 Earnings Numbers (NASDAQ:PAYX) - December 30 at 9:10 AM
News IconPaychex, Inc. (NASDAQ:PAYX)- Diversion of Trends on Earning Estimates: HD Supply Holdings (NASDAQ:HDS) - Street Wise Report (press release) (blog) (NASDAQ:PAYX) - December 29 at 7:04 PM logoPaychex Small Business Snapshot: Business Owners Share New Year’s Resolutions for 2017 (NASDAQ:PAYX) - December 29 at 7:04 PM logoPaychex, Inc. : PAYX-US: Dividend Analysis : November 01st, 2016 (record date) : By the numbers : December 29, 2016 (NASDAQ:PAYX) - December 29 at 7:04 PM logoPaychex, Inc. :PAYX-US: Earnings Analysis: Q2, 2017 By the Numbers : December 29, 2016 (NASDAQ:PAYX) - December 29 at 9:14 AM logoPaychex Becomes #5 Most Shorted Nasdaq 100 Component, Replacing Expedia (NASDAQ:PAYX) - December 28 at 2:50 PM logoPaychex (PAYX) Poised for Long-Term Growth Despite Risks (NASDAQ:PAYX) - December 27 at 9:50 AM
News IconMercer Capital Advisers Inc. Acquires 7 Shares of Paychex Inc. (PAYX) (NASDAQ:PAYX) - December 24 at 8:48 AM
News IconSouth Dakota Investment Council Sells 8500 Shares of Paychex Inc. (PAYX) (NASDAQ:PAYX) - December 24 at 8:48 AM logoPotential Paychex (PAYX) Trade Has 5.36% Downside Protection (NASDAQ:PAYX) - December 24 at 12:17 AM logo[$$] McDonald's Pipeline Will Drive Sales Pickup (NASDAQ:PAYX) - December 24 at 12:17 AM logoPaychex, Inc.: Love The Company, Not The Price (NASDAQ:PAYX) - December 23 at 7:17 PM logoWeakness In Paychex Shares Has Created Buying Opportunity (NASDAQ:PAYX) - December 23 at 7:16 PM logoPAYCHEX INC Files SEC form 10-Q, Quarterly Report (NASDAQ:PAYX) - December 23 at 7:16 PM
News IconPaychex Inc. (PAYX) Stake Boosted by Kayne Anderson Rudnick Investment Management LLC (NASDAQ:PAYX) - December 23 at 6:06 AM
News IconPaychex Inc. (PAYX) Price Target Raised to $54.00 (NASDAQ:PAYX) - December 23 at 6:06 AM
News IconPaychex, Inc. (NASDAQ:PAYX), The Gap, Inc. (NYSE:GPS) (NASDAQ:PAYX) - December 23 at 12:30 AM logoPaychex Inc. Reveals 6% Increase In Q2 Earnings (NASDAQ:PAYX) - December 22 at 7:28 PM logoPaychex (PAYX) Q2 Earnings Beat Estimates, Revenues Miss (NASDAQ:PAYX) - December 22 at 7:28 PM logoPaychex Maintains Outlook As Revenue Falls Short Of Estimates (NASDAQ:PAYX) - December 22 at 7:28 PM
News IconPaychex, Inc.: Here’s Why Paychex (PAYX) Stock Is Down Today (NASDAQ:PAYX) - December 22 at 7:28 PM logoPAYCHEX,INC. (NASDAQ:PAYX) Files An 8-K Results of Operations and Financial Condition (NASDAQ:PAYX) - December 22 at 7:28 PM logoPaychex Identifies the Top 10 Regulatory Issues for Small Businesses in 2017 (NASDAQ:PAYX) - December 22 at 7:28 PM logoEasing Regulations Threaten Paychex (NASDAQ:PAYX) - December 22 at 7:28 PM logoPAYCHEX INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits (NASDAQ:PAYX) - December 22 at 7:28 PM logoEdited Transcript of PAYX earnings conference call or presentation 21-Dec-16 2:30pm GMT (NASDAQ:PAYX) - December 22 at 7:28 PM logoPaychex (PAYX) Beats Q2 Earnings Estimates; Revenues Lag (NASDAQ:PAYX) - December 22 at 7:28 PM logoPaychex Again Honored with Bronze Brandon Hall Group Excellence Award in Technology for Paychex Flex (NASDAQ:PAYX) - December 22 at 7:28 PM logoETFs with exposure to Paychex, Inc. : December 22, 2016 (NASDAQ:PAYX) - December 22 at 7:28 PM logoPaychex In A Trump Tax World (NASDAQ:PAYX) - December 22 at 3:22 PM logoStock's Trend Analysis Report: Mylan N.V. (MYL), Paychex, Inc ... - iStreetWire (NASDAQ:PAYX) - December 21 at 7:56 PM logoEarnings Whispers: Paychex, Inc. (PAYX) And Herman Miller, Inc ... - TCC (NASDAQ:PAYX) - December 21 at 7:56 PM


Paychex (NASDAQ:PAYX) Chart for Thursday, January, 19, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Paychex (NASDAQ:PAYX)

Earnings History Chart

Earnings by Quarter for Paychex (NASDAQ:PAYX)

Dividend History Chart

Dividend Payments by Quarter for Paychex (NASDAQ:PAYX)

Last Updated on 1/19/2017 by Staff