Paychex Stock Quote Today

PAYX
 Stock
  

USD 115.39  0.53  0.46%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
Paychex is trading at 115.39 as of the 4th of October 2022; that is 0.46% increase since the beginning of the trading day. The stock's open price was 114.86. Paychex has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Paychex are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 14th of October 2020 and ending today, the 4th of October 2022. Click here to learn more.
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. The company has 360.76 M outstanding shares of which 10.8 M shares are at this time shorted by private and institutional investors with about 5.4 trading days to cover. More on Paychex

Moving together with Paychex

+0.77JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr
Follow Valuation Odds of Bankruptcy
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Paychex Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Paychex's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Paychex or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Paychex is unlikely to experience financial distress in the next 2 years
About 72.0% of the company shares are owned by institutional investors
On 25th of August 2022 Paychex paid $ 0.79 per share dividend to its current shareholders
Latest headline from www.marketscreener.com: PAYCHEX INC Managements Discussion and Analysis of Financial Condition and Results of Operations - Marketscreener.com
Chairman of the BoardBThomas Golisano
Thematic IdeaOutsourcing (view all)
Average Analyst Recommendation
Analysts covering Paychex report their recommendations after researching Paychex's financial statements, talking to executives and customers, or listening in on Paychex's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Paychex. The Paychex consensus assessment is calculated by taking the average forecast from all of the analysts covering Paychex.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Paychex's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Paychex (PAYX) is traded on NASDAQ Exchange in USA and employs 16,000 people. The company currently falls under 'Large-Cap' category with current market capitalization of 40.91 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 these looking for more risk prefer small-cap and mid-cap equities. Paychex conducts business under Industrials sector and is part of Staffing & Employment Services industry. The entity has 360.76 M outstanding shares of which 10.8 M shares are at this time shorted by private and institutional investors with about 5.4 trading days to cover. Paychex currently holds about 1.22 B in cash with 1.51 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.4.
Check Paychex Probability Of Bankruptcy
Ownership
Paychex owns a total of three hundred sixty million seven hundred sixty thousand outstanding shares. The majority of Paychex outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Paychex to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Paychex. Please pay attention to any change in the institutional holdings of Paychex as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Paychex Ownership Details

Paychex Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Paychex jumping above the current price in 90 days from now is about 85.58%. The Paychex probability density function shows the probability of Paychex stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.1957 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Paychex will likely underperform. Additionally, the company has an alpha of 0.0975, implying that it can generate a 0.0975 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 115.39HorizonTargetOdds Above 115.39
14.30%90 days
 115.39 
85.58%
Based on a normal probability distribution, the odds of Paychex to move above the current price in 90 days from now is about 85.58 (This Paychex probability density function shows the probability of Paychex Stock to fall within a particular range of prices over 90 days) .

Paychex Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Paychex that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Paychex's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Paychex's value.
InstituionSecurity TypeTotal SharesValue
Blackrock IncCommon Shares30.3 M3.5 B
Vanguard Group IncCommon Shares29.9 M3.4 B
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Paychex Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Paychex market risk premium is the additional return an investor will receive from holding Paychex long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Paychex. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Paychex's alpha and beta are two of the key measurements used to evaluate Paychex's performance over the market, the standard measures of volatility play an important role as well.

Paychex Stock Against Markets

Picking the right benchmark for Paychex stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Paychex stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Paychex is critical whether you are bullish or bearish towards Paychex at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Paychex without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Paychex Corporate Directors

Paychex corporate directors refer to members of a Paychex board of directors. The board of directors generally takes responsibility for the Paychex's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Paychex's board members must vote for the resolution. The Paychex board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Phillip Horsley - Independent DirectorProfile
Kara Wilson - DirectorProfile
Grant Inman - Independent DirectorProfile
Joseph Tucci - Independent DirectorProfile

Invested in Paychex?

The danger of trading Paychex is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Paychex is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Paychex. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Paychex is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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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 Paychex value 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.