Last $41.87 USD
Change Today -0.36 / -0.85%
Volume 1.6M
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As of 5:20 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

paychex inc (PAYX) Snapshot

Open
$42.27
Previous Close
$42.23
Day High
$42.41
Day Low
$41.86
52 Week High
01/7/14 - $45.95
52 Week Low
09/4/13 - $36.80
Market Cap
15.2B
Average Volume 10 Days
1.4M
EPS TTM
$1.71
Shares Outstanding
363.1M
EX-Date
07/30/14
P/E TM
24.5x
Dividend
$1.52
Dividend Yield
3.34%
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.

12,700 Employees
Last Reported Date: 07/22/14
Founded in 1971

paychex inc (PAYX) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $870.2K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $441.3K
Vice President of Insurance and Human Resourc...
Total Annual Compensation: $282.2K
Senior Vice President of Information Technolo...
Total Annual Compensation: $381.3K
Vice President of Major Market Services (MMS)...
Total Annual Compensation: $180.0K
Compensation as of Fiscal Year 2013.

paychex inc (PAYX) Key Developments

Paychex, Inc. Increases Quarterly Dividend, Payable on August 15, 2014

The board of directors of Paychex, Inc. declared a nearly 9% increase in the company's regular quarterly dividend. The dividend, increasing from $0.35 per share to $0.38 per share, is payable August 15, 2014 to shareholders of record August 1, 2014.

Paychex, Inc. Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015

Paychex, Inc. reported consolidated unaudited earnings results for the fourth quarter and full year ended March 31, 2014. For the quarter, the company reported total revenue of $639.0 million against $585.3 million a year ago. Operating income was $228.3 million against $211.8 million a year ago. Income before income taxes was $229.7 million against $213.2 million a year ago. Net income was $145.9 million or $0.40 per diluted share compared to $123.5 million $0.34 per diluted share a year ago. For the year, the company reported total revenue of $2,518.9 million against $2,326.2 million a year ago. Operating income was $982.7 million against $904.8 million a year ago. Income before income taxes was $988.1 million against $911.4 million a year ago. Net income was $637.5 million or $0.40 per diluted share compared to $569 million $0.34 per diluted share a year ago. Net cash provided by operating activities was $880.9 million against $675.3 million a year ago. This increase was the result of higher net income adjusted for non-cash items, and fluctuations in working capital. Purchases of property and equipment were $84.1 million against $98.7 million a year ago. The company reported its outlook for the fiscal year ending May 31, 2015, payroll service revenue of 3% to 5%, HRS revenue of 16% to 19%, and total service revenue of 8% to 10% and net income of 6% to 8%. Operating income, net of certain items, as a percent of total service revenue is expected to be in the range of 37% to 38% for fiscal 2015. The effective income tax rate for fiscal 2015 is expected to be consistent with that experienced for fiscal 2014. Interest on funds held for clients for fiscal 2015 is expected to be relatively flat as it continues to be impacted by the low interest rate environment, with funds reinvested at lower yields.

Paychex, Inc. to Report Q4, 2014 Results on Jul 01, 2014

Paychex, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Jul 01, 2014

 

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PAYX

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Valuation PAYX Industry Range
Price/Earnings 24.6x
Price/Sales 6.1x
Price/Book 8.6x
Price/Cash Flow 24.4x
TEV/Sales 5.9x
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