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Last $48.28 USD
Change Today -0.76 / -1.55%
Volume 2.1M
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

paychex inc (PAYX) Snapshot

Open
$48.72
Previous Close
$49.04
Day High
$48.99
Day Low
$48.00
52 Week High
03/23/15 - $51.72
52 Week Low
05/8/14 - $40.03
Market Cap
17.5B
Average Volume 10 Days
1.5M
EPS TTM
$1.80
Shares Outstanding
363.2M
EX-Date
01/29/15
P/E TM
26.8x
Dividend
$1.52
Dividend Yield
3.09%
Current Stock Chart for PAYCHEX INC (PAYX)

paychex inc (PAYX) Details

Paychex, Inc. provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that include the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients’ payroll obligations. It also provides a suite of self-service products and services, including Paychex Online Payroll, Internet time sheet, Paychex Online Reports, and general ledger reporting services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing services In addition, the company offers human resource outsourcing solutions that provide a package of services consisting of payroll, employer compliance, human resource and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained human resource representative. Further, it provides retirement services administration; insurance agency services for property and casualty, business-owner, commercial auto, and health and benefits insurance products; online human resource administration software tools for managing employee benefits, personnel information, and human resource compliance and reporting; and other human resource services products, including employee handbooks, management manuals, and personnel and required regulatory forms. Additionally, the company offers accounting and finance services, including Paychex Accounting Online, Paychex Payment Processing Services, and Paychex Small Business Loan Resource Center. As of May 31, 2014, it serviced approximately 580,000 payroll clients. The company was founded in 1979 and is headquartered in Rochester, New York.

13,100 Employees
Last Reported Date: 03/25/15
Founded in 1971

paychex inc (PAYX) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $845.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $425.0K
Senior Vice President of Service
Total Annual Compensation: $400.0K
Senior Vice President of Information Technolo...
Total Annual Compensation: $396.9K
Vice President of Major Market Services (MMS)...
Total Annual Compensation: $180.0K
Compensation as of Fiscal Year 2014.

paychex inc (PAYX) Key Developments

Paychex, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015; Provides Earnings Guidance for the Fiscal Year Ending May 31, 2015

Paychex, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2015. For the quarter, the company reported total revenue of $704.3 million compared to $650.4 million a year ago. Operating income was $264.3 million compared to $250.7 million a year ago. Income before income taxes was $265.9 million compared to $252.2 million a year ago. Net income was $169.4 million or $0.46 per diluted share compared to $160.1 million or $0.44 per diluted share a year ago. The fluctuations in total Revenues were driven by an increase in average investment balances. For the nine months period, the company reported total revenue of $2,047.4 million compared to $1,879.9 million a year ago. Operating income was $802.0 million compared to $754.4 million a year ago. Income before income taxes was $806.4 million compared to $758.4 million a year ago. Net income was $513.7 million or $1.41 per diluted share compared to $481.6 million or $1.31 per diluted share a year ago. Net cash provided by operating activities was $692.8 million compared to $705.8 million a year ago. This decrease resulted from fluctuations in operating assets and liabilities, partially offset by higher net income. Purchases of property and equipment were $72.0 million compared to $62.8 million a year ago. The company provided earnings guidance for the fiscal year ending May 31, 2015. The company expects increase in total service revenue from 8% to 10% and net income from 6% to 8%.

Paychex Mulls Acquisitions

Paychex, Inc. (NasdaqGS:PAYX) is looking for acquisitions. Martin Mucci, President and Chief Executive Officer of Paychex, Inc. said (regarding acquisitions), "Yes, we do. We still see a lot of available. We're looking at more than we probably ever have in the past. Everything is pretty highly valued, so we're going to be very selective as to what we do."

Paychex, Inc. to Report Q3, 2015 Results on Mar 25, 2015

Paychex, Inc. announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Mar 25, 2015

 

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Industry Analysis

PAYX

Industry Average

Valuation PAYX Industry Range
Price/Earnings 26.7x
Price/Sales 6.5x
Price/Book 9.4x
Price/Cash Flow 26.6x
TEV/Sales 6.3x
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