paychex, inc. (nasdaq: payx) is a leading provider of integrated human capital management solutions for payroll, hr, retirement, 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 45 years of industry expertise, paychex serves approximately 605,000 payroll clients across more than 100 locations 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
Subsidiaries
ACH Insurance, LLC • Advantage Payroll Services, Inc. • ESG Insurance, LLC • Fast 401k, Inc. • Lessor A/S • Oasis Advisory Services, LLC • Oasis HR Solutions III, LLC • Oasis Outsourcing Acquisition Corporation • Oasis Outsourcing Holdings, Inc. • Oasis Outsourcing, LLC ...
IRS number
161124166
PAYX stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
8 Sep 23
8-K
Paychex announces Efrain Rivera plans to Retire as CFO
5 Sep 23
ARS
2023 FY
Annual report to shareholders
1 Sep 23
DEFA14A
Additional proxy soliciting materials
1 Sep 23
DEF 14A
Definitive proxy
1 Sep 23
10-K
2023 FY
Annual report
14 Jul 23
8-K
Results of Operations and Financial Condition
29 Jun 23
8-K
Paychex Names Elizabeth Roaldsen as Senior Vice President of Operations and Customer Experience
15 May 23
10-Q
2023 Q3
Quarterly report
30 Mar 23
8-K
Strong Revenue and Earnings Growth
29 Mar 23
Transcripts
PAYX
Earnings call transcript
2023 Q4
29 Jun 23
PAYX
Earnings call transcript
2023 Q3
29 Mar 23
PAYX
Earnings call transcript
2023 Q2
22 Dec 22
PAYX
Earnings call transcript
2023 Q1
28 Sep 22
PAYX
Earnings call transcript
2022 Q4
29 Jun 22
PAYX
Earnings call transcript
2022 Q3
30 Mar 22
PAYX
Earnings call transcript
2022 Q2
22 Dec 21
PAYX
Earnings call transcript
2022 Q1
30 Sep 21
PAYX
Earnings call transcript
2021 Q4
25 Jun 21
PAYX
Earnings call transcript
2021 Q3
7 Apr 21
Latest ownership filings
4
B THOMAS GOLISANO
28 Aug 23
4
JOSEPH DOODY
9 Aug 23
4
Michael E Gioja
2 Aug 23
4
Robert L. Schrader
2 Aug 23
144
Notice of proposed sale of securities
1 Aug 23
144
Notice of proposed sale of securities
1 Aug 23
4
MARTIN MUCCI
31 Jul 23
4
Stephanie L Schaeffer
18 Jul 23
4
EFRAIN RIVERA
18 Jul 23
4
John B Gibson
18 Jul 23
Financial summary
| Quarter (USD) | May 23 | Feb 23 | Nov 22 | Aug 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | May 23 | May 22 | May 21 | May 20 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 2.13 bn | 2.13 bn | 2.13 bn | 2.13 bn | 2.13 bn | 2.13 bn |
| Cash burn (monthly) | 75.83 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 294.01 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 1.84 bn | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 24.3 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
71.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1356 |
| Opened positions | 105 |
| Closed positions | 139 |
| Increased positions | 488 |
| Reduced positions | 495 |
| 13F shares | Current |
|---|---|
| Total value | 28.90 tn |
| Total shares | 258.98 mm |
| Total puts | 1.03 mm |
| Total calls | 1.41 mm |
| Total put/call ratio | 0.7 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 29.76 mm | $3.33 tn |
| BLK Blackrock | 26.93 mm | $3.01 tn |
| Capital International Investors | 18.82 mm | $2.11 tn |
| STT State Street | 12.90 mm | $1.44 tn |
| BK Bank Of New York Mellon | 10.40 mm | $1.16 tn |
| WFC Wells Fargo & Co. | 9.66 mm | $1.08 tn |
| Geode Capital Management | 8.31 mm | $928.28 bn |
| BAC Bank Of America | 7.24 mm | $810.33 bn |
| Charles Schwab Investment Management | 6.62 mm | $740.51 bn |
| FMR | 4.47 mm | $499.84 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 Aug 23 | B Thomas Golisano | Common Stock | Gift | Dispose G | Yes | No | 120.92 | 716 | 86.58 k | 46,491 |
| 7 Aug 23 | Doody Joseph | Common Stock - Family Trust | Other | Acquire J | Yes | No | 0 | 739 | 0.00 | 22,232 |
| 1 Aug 23 | Schrader Robert L. | Common Stock | Payment of exercise | Dispose F | No | No | 125.81 | 214 | 26.92 k | 12,602 |
| 1 Aug 23 | Gioja Michael E | Common Stock | Sell | Dispose S | No | No | 124.9 | 6,220 | 776.88 k | 19,800 |
| 1 Aug 23 | Gioja Michael E | Common Stock | Option exercise | Acquire M | No | No | 115 | 6,220 | 715.30 k | 26,020 |
| 1 Aug 23 | Gioja Michael E | Common Stock | Sell | Dispose S | No | No | 124.75 | 16,181 | 2.02 mm | 19,800 |
| 1 Aug 23 | Gioja Michael E | Common Stock | Option exercise | Acquire M | No | No | 112.67 | 16,181 | 1.82 mm | 35,981 |
| 1 Aug 23 | Gioja Michael E | Common Stock | Sell | Dispose S | No | No | 125.13 | 23,409 | 2.93 mm | 19,800 |
| 1 Aug 23 | Gioja Michael E | Stock Option Common Stock | Option exercise | Dispose M | No | No | 115 | 6,220 | 715.30 k | 12,441 |
| 1 Aug 23 | Gioja Michael E | Stock Option Common Stock | Option exercise | Dispose M | No | No | 112.67 | 16,181 | 1.82 mm | 8,091 |
News
The Latest Analyst Ratings for Paychex
26 Sep 23
Preview: Paychex's Earnings
26 Sep 23
Wedbush Reiterates Neutral on Paychex, Maintains $115 Price Target
26 Sep 23
Fed Holds But Signals Hawkish Path Ahead, Treasury Yields Rise: The Week In The Markets
22 Sep 23
Looking Into Paychex's Recent Short Interest
21 Sep 23
Press releases
Paychex Releases 2023 Environmental, Social, and Governance (ESG) Report
14 Sep 23
Paychex, Inc. Schedules First Quarter Fiscal 2024 Earnings Conference Call for September 27, 2023
13 Sep 23
Payroll Outsourcing Market Analysis, Industry Size, Share & Forecast 2023-2028
11 Sep 23
Paychex Announces Efrain Rivera Plans to Retire as CFO
5 Sep 23
August Job Growth Among Small Businesses Unchanged from July
29 Aug 23