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Paychex Inc PAYX Stock Quote

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NASDAQ: PAYX

Morningstar‘s Stock Analysis PAYX

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Is it the right time to buy or sell?

1-Star Price

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5-Star Price

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Economic Moat

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Capital Allocation

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Paychex's Client Retention Proves Resilient Aided by Greater Product Uptake and A Skew Upmarket

Emma Williams Equity Analyst

Business Strategy and Outlook

| Emma Williams |

Paychex's offering appeals to businesses wishing to outsource mission-critical functions, manage and attract employees, and remain compliant with increasingly complex and evolving regulations. We expect increased regulatory complexity, tight labor markets, and a growing adoption of hybrid work will underpin strong demand for Paychex's suite of offerings supporting greater share of wallet and market share gains. This includes greater penetration of the outsourced payroll and human resources model in the small-business market. While we factor in market share gains, we expect increasing competition to limit Paychex's pricing power and force the company to sustain elevated expenditure on software development and innovation to remain competitive.

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Key Statistics PAYX

Company Profile PAYX

Business Description

Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 730,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.

Contact
911 Panorama Trail South
Rochester, NY, 14625-2396
Industry Staffing & Employment Services
Employees 16,000

Related Articles PAYX

FAQs for Paychex Inc Stock

Yes. PAYX has a forward dividend yield of 2.62%. See PAYX’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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PAYX’s market cap is 43.37 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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PAYX’s stock style is Large Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

PAYX’s price/sales is 9.25.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

PAYX’s price/forward earnings is 29.33.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

PAYX’s price/book is 13.86.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See PAYX’s valuation ratios compared to the Market Index.

PAYX’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare PAYX’s historical performance against its industry peers and the overall market.