PAYX Paychex

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
Website
CEO
Martin Mucci
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
161124166
PAYX stock data
()
News
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
BMO Capital Maintains Market Perform on Paychex, Raises Price Target to $96
7 Apr 21
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
Paychex Ranks No. 1 in Payroll Voice of the Customer Report From Sapient Insights Group
7 Apr 21
Paychex, Inc. Reports Third Quarter Results and Improves Full Year Guidance; Reflects Client Base Growth and Strong Client Retention
6 Apr 21
Paychex, Inc. to Host Earnings Call
6 Apr 21
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
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 |
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 1188 |
Opened positions | 157 |
Closed positions | 55 |
Increased positions | 425 |
Reduced positions | 418 |
13F shares |
Current |
---|---|
Total value | 23.54B |
Total shares | 253.01M |
Total puts | 1.26M |
Total calls | 2.21M |
Total put/call ratio | 0.6 |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 31.66M | $2.95B |
Vanguard | 26.74M | $2.49B |
Capital International Investors | 15.72M | $1.47B |
STT State Street | 13.3M | $1.24B |
WFC Wells Fargo & Co. | 9.81M | $913.8M |
BAC Bank Of America | 9.5M | $884.98M |
BK Bank Of New York Mellon | 7.42M | $691.27M |
Select Equity | 6.52M | $607.43M |
Geode Capital Management | 6.36M | $591.77M |
NTRS Northern Trust | 5.08M | $473.67M |
Financial report summary
?Competition
Equifax • Asure Software • Barrett Business Services • TriNet • Insperity • The Ultimate Software Group Inc • Paycom Software • Paylocity Holding • Conduent • CannaeContent 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
Financial reports
10-Q
2021 Q3
Quarterly report
7 Apr 21
10-Q
2021 Q2
Quarterly report
22 Dec 20
10-Q
2021 Q1
Quarterly report
9 Oct 20
10-K
2020 FY
Annual report
17 Jul 20
10-Q
2020 Q3
Quarterly report
27 Mar 20
10-Q
2020 Q2
Quarterly report
20 Dec 19
10-Q
2020 Q1
Quarterly report
4 Oct 19
10-K
2019 FY
Annual report
24 Jul 19
10-Q
2019 Q3
Quarterly report
29 Mar 19
10-Q
2019 Q2
Quarterly report
21 Dec 18
Current reports
8-K
Paychex, Inc. Reports Third Quarter Results and Improves Full Year Guidance; Reflects Client Base Growth and Strong Client Retention
6 Apr 21
8-K
Entry into a Material Definitive Agreement
23 Feb 21
8-K
Paychex, Inc. Reports Second Quarter Results
23 Dec 20
8-K
Submission of Matters to a Vote of Security Holders
16 Oct 20
8-K
Paychex, Inc. Reports First Quarter Results
6 Oct 20
8-K
Paychex, Inc. Reports Fourth Quarter and Fiscal 2020 Results
7 Jul 20
8-K
Paychex, Inc. Provides COVID-19 Business Update
19 May 20
8-K
Amendments to Articles of Incorporation or Bylaws
5 May 20
8-K
Paychex, Inc. Reports Third Quarter Results
25 Mar 20
8-K
Entry into a Material Definitive Agreement
11 Feb 20
Registration and prospectus
424B7
Prospectus with selling stockholder info
17 Oct 17
S-3ASR
Automatic shelf registration
16 Oct 17
S-8
Registration of securities for employees
22 Oct 15
S-8
Registration of securities for employees
22 Oct 15
S-8
Registration of securities for employees
29 Nov 10
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Oct 06
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Oct 06
S-8
Registration of securities for employees
7 Nov 05
S-8
Registration of securities for employees
7 Nov 05
S-8
Registration of securities for employees
6 Nov 02
Proxies
DEFA14A
Additional proxy soliciting materials
4 Sep 20
DEF 14A
Definitive proxy
4 Sep 20
DEF 14A
Definitive proxy
18 Sep 19
DEF 14A
Definitive proxy
6 Sep 18
DEF 14A
Definitive proxy
7 Sep 17
DEF 14A
Definitive proxy
8 Sep 16
DEF 14A
Definitive proxy
9 Sep 15
DEF 14A
Definitive proxy
8 Sep 14
DEF 14A
Definitive proxy
9 Sep 13
DEF 14A
Definitive proxy
13 Sep 12
Other
UPLOAD
Letter from SEC
8 Apr 20
CORRESP
Correspondence with SEC
7 Apr 20
UPLOAD
Letter from SEC
18 Mar 20
CORRESP
Correspondence with SEC
10 Mar 20
UPLOAD
Letter from SEC
26 Feb 20
UPLOAD
Letter from SEC
5 Nov 14
CORRESP
Correspondence with SEC
26 Oct 14
UPLOAD
Letter from SEC
1 Oct 14
UPLOAD
Letter from SEC
20 Nov 11
CORRESP
Correspondence with SEC
9 Nov 11
Ownership
4
PAYCHEX / JOSEPH M VELLI ownership change
16 Apr 21
3
PAYCHEX / Karen E. Saunders-McClendon ownership change
16 Apr 21
4
PAYCHEX / Michael E Gioja ownership change
14 Apr 21
4
PAYCHEX / B THOMAS GOLISANO ownership change
18 Mar 21
4
PAYCHEX / MARTIN MUCCI ownership change
26 Feb 21
SC 13G/A
PAYCHEX / VANGUARD ownership change
9 Feb 21
4
PAYCHEX / John B Gibson ownership change
2 Feb 21
SC 13G/A
PAYCHEX / BlackRock ownership change
28 Jan 21
SC 13G/A
PAYCHEX / GOLISANO B THOMAS ownership change
25 Jan 21
4
PAYCHEX / Robert L. Schrader ownership change
28 Dec 20
Transcripts
2021 Q3
Earnings call transcript
7 Apr 21
2021 Q2
Earnings call transcript
23 Dec 20
2021 Q1
Earnings call transcript
6 Oct 20
2020 Q4
Earnings call transcript
7 Jul 20
2020 Q3
Earnings call transcript
25 Mar 20
2020 Q2
Earnings call transcript
18 Dec 19
2020 Q1
Earnings call transcript
2 Oct 19
2019 Q4
Earnings call transcript
26 Jun 19
2019 Q3
Earnings call transcript
27 Mar 19
2019 Q2
Earnings call transcript
19 Dec 18
Reddit threads
Significant Insider Trading Activity (Last 7 Days)
15 Apr 21
Here is a Market Recap for today Wednesday, April 7, 2021
7 Apr 21
Here is a Market Recap for today Wednesday, April 7, 2021
7 Apr 21
Low IV Rank Leaps Strategy?
6 Apr 21
U.S. Market Recap - Tuesday, April 6, 2021
6 Apr 21
Daily Discussion Thread - April 6th, 2021
6 Apr 21
Daily Discussion Thread - April 5th, 2021
5 Apr 21
Expected Moves for this week and a look ahead, SPY, VIPS, BIDU, TSLA, NFLX
4 Apr 21
Wall Street Week Ahead for the trading week beginning April 5th, 2021
3 Apr 21
Wall Street Week Ahead for the trading week beginning April 5th, 2021
3 Apr 21