PAYX Paychex Dashboard

Paychex, Inc. is a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 45 years of industry expertise, Paychex served more than 680,000 payroll clients as of May 31, 2020 across more than 100 locations in the U.S. and Europe, and pays one out of every 12 American private sector employees.

Company profile

Ticker

PAYX

Exchange

NASDAQ

Website

www.paychex.com

CEO

Martin Mucci

Incorporated

Delaware

Location

New York

Fiscal year end

May 31

Sector

Professional, Scientific, and Technical Services > Payroll Services

Industry (SIC)

Services - Engineering, Accounting, Research, Management

Forrester Research • PRGX Global • PAE • Unex • ADGS Advisory • Goxus ...

SEC CIK

0000723531

Corporate docs

Articles of Incorporation & Bylaws

IRS number

161124166

PAYX stock data

S&P 500

1M 1Y 2Y 5Y

News

Pro users get this 30m faster

Benzinga's Top Ratings Upgrades, Downgrades For April 7, 2021

7 Apr 21

Goldman Sachs Maintains Sell on Paychex, Raises Price Target to $89

7 Apr 21

Goldman Sachs analyst Matthew O'Neill maintains Paychex (NASDAQ:PAYX) with a Sell and raises the price target from $85 to $89.

BMO Capital Maintains Market Perform on Paychex, Raises Price Target to $96

7 Apr 21

BMO Capital analyst Jeffrey Silber maintains Paychex (NASDAQ:PAYX) with a Market Perform and raises the price target from $93 to $96.

Argus Research Maintains Buy on Paychex, Raises Price Target to $105

7 Apr 21

Baird Maintains Outperform on Paychex, Raises Price Target to $94

7 Apr 21

Press releases

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Paychex Ranks No. 1 in Payroll Voice of the Customer Report From Sapient Insights Group

7 Apr 21

ROCHESTER, N.Y., April 7, 2021 /PRNewswire/ -- Paychex, Inc., the HR software and services company that provides the power of simplicity for increasingly complex workplaces, ranked No. 1 among all solution providers in

Paychex, Inc. Reports Third Quarter Results and Improves Full Year Guidance; Reflects Client Base Growth and Strong Client Retention

6 Apr 21

Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the quarter ended February 28, 2021 (the "third quarter"), as compared to the corresponding prior-year

Paychex, Inc. to Host Earnings Call

6 Apr 21

NEW YORK, NY / ACCESSWIRE / April 6, 2021 / Paychex, Inc. (NASDAQ:PAYX) will be discussing their earnings results in their 2021 Third Quarter Earnings call to be held on April 6, 2021 at 9:30 AM Eastern Time.To listen to

Small Business Jobs Growth Shows First Significant Gain Since the Start of the Pandemic in the U.S.

30 Mar 21

Paychex Honored Among the World's Best Training Organizations, Ranking No. Seven on Training Magazine's Top 100 List

29 Mar 21

Calendar

7 Apr 21

18 Apr 21

31 May 21

Financial summary

Financial statements Chart PAYX financial data

Quarter (USD)	Feb 21	Nov 20	Aug 20	May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	May 20	May 19	May 18	May 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Paychex earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.05B	2.05B	2.05B	2.05B	2.05B	2.05B
Cash burn (monthly)	(positive/no burn)	1.69M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	n/a	2.88M	n/a	n/a	n/a	n/a
Cash remaining	n/a	2.05B	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	1211.4	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

PAYX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Apr 21	Velli Joseph M	Common Stock	Sell	Dispose S	No	No	96.93	3,753	363.78K	48,866
15 Apr 21	Velli Joseph M	Common Stock	Option exercise	Aquire M	No	No	31.63	11,468	362.73K	52,619
15 Apr 21	Velli Joseph M	Stock Option Common Stock	Option exercise	Dispose M	No	No	31.63	11,468	362.73K	0
13 Apr 21	Gioja Michael E	Common Stock	Sell	Dispose S	No	No	96.16	29,484	2.84M	55,678
13 Apr 21	Gioja Michael E	Common Stock	Option exercise	Aquire M	No	No	60.84	29,484	1.79M	85,162
13 Apr 21	Gioja Michael E	Common Stock	Sell	Dispose S	No	No	96.16	5,809	558.59K	55,678
13 Apr 21	Gioja Michael E	Stock Option Common Stock	Option exercise	Dispose M	No	No	60.84	29,484	1.79M	66,068
12 Apr 21	Gioja Michael E	Common Stock	Sell	Dispose S	No	No	95.53	5,809	554.93K	61,487
12 Apr 21	Gioja Michael E	Common Stock	Sell	Dispose S	No	No	95.53	17,766	1.7M	67,296
12 Apr 21	Gioja Michael E	Common Stock	Option exercise	Aquire M	No	No	60.84	17,766	1.08M	85,062

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

PAYX institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

70.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1188	1086	+9.4%
Opened positions	157	78	+101.3%
Closed positions	55	69	-20.3%
Increased positions	425	389	+9.3%
Reduced positions	418	413	+1.2%

13F shares	Current	Prev Q	Change
Total value	23.54B	20.15B	+16.8%
Total shares	253.01M	252.52M	+0.2%
Total puts	1.26M	776.36K	+62.7%
Total calls	2.21M	1.76M	+26.0%
Total put/call ratio	0.6	0.4	+29.1%

Largest owners	Shares	Value	Change
BLK Blackrock	31.66M	$2.95B	-2.8%
Vanguard	26.74M	$2.49B	-1.4%
Capital International Investors	15.72M	$1.47B	+4.9%
STT State Street	13.3M	$1.24B	-3.2%
WFC Wells Fargo & Co.	9.81M	$913.8M	+0.9%
BAC Bank Of America	9.5M	$884.98M	-4.4%
BK Bank Of New York Mellon	7.42M	$691.27M	+19.8%
Select Equity	6.52M	$607.43M	+37.9%
Geode Capital Management	6.36M	$591.77M	+0.5%
NTRS Northern Trust	5.08M	$473.67M	-2.0%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	2.1M	+2.1M	NEW
Select Equity	6.52M	+1.79M	+37.9%
BK Bank Of New York Mellon	7.42M	+1.22M	+19.8%
GS Goldman Sachs	1.22M	-960.88K	-44.0%
BLK Blackrock	31.66M	-914.46K	-2.8%
Capital International Investors	15.72M	+740.39K	+4.9%
AMP Ameriprise Financial	1.08M	-556.28K	-34.1%
Two Sigma Advisers	213.7K	-551.3K	-72.1%
Alley	137.3K	-485.86K	-78.0%
STT State Street	13.3M	-443.09K	-3.2%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Equifax • Asure Software • Barrett Business Services • TriNet • Insperity • The Ultimate Software Group Inc • Paycom Software • Paylocity Holding • Conduent • Cannae

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: accuracy, Aid, analyze, attainment, brought, Clover, confidently, customizable, dynamically, efficiently, enrollment, equitable, fintech, Fiserv, found, Functionality, greater, half, incentive, Itria, launch, ledger, loan, magnitude, moderate, multifaceted, paycheck, Pooled, PPP, reassessed, Relief, save, scheduling, softening, stage, system, traditional, uncover, visibility, VRDN

Removed: developed, evaluating, furniture, impacting, internally, list, national, November, premium, promised, reduction, retain, serve

From filing 10-Q 2021 Q3