PAYCHEX NASDAQ: PAYX
Background of Paychex
- Paychex, Inc. was established in 1971 by B. Thomas Golisano and it is an American provider of human resource (HR), payroll, and benefits outsourcing its services for small- to medium businesses.
- Today, Paychex has more than 100 offices which serve more than 700,000 clients in both the United States and Europe.
- As per the history of Paychex, Inc. was started with only $3,000 (44,449 ZAR, at the time of writing) and by 1979, operations had grown to include 18 franchises as well as partnerships.
- In 1983, Paychex, Inc. held its initial public offering (IPO) and began trading on NASDAQ under PAYX.
- During the first quarter of the fiscal year 2025, Paychex, Inc. had repurchased $171.9 million (254 million ZAR) of its own stock.
- In 2014, Paychex and HIS Markit had launched a Small Business Jobs Index which measures the health of businesses which have 50 employees or less.
- Today, the Paychex/HIS Markit Small Business Employment Watch shares small business jobs data which can be traced back to 2005, and wage data which is from 2011 to present.
- The Employment Watch is regularly used by financial experts, analysts, and journalists who evaluate the economic outlook.
- Paychex, Inc.’s portfolio of services ranges from integrated human capital management solutions, payroll, benefits, and insurance services by offering payroll processing services, payroll tax administration services, and more.
- Paychex, Inc. also provides insurance for property as well as casualty coverage which includes workers’ compensation, business-owner policies, cyber security protection, and more.
Paychex Shares Growth Driver
- Paychex, Inc. ranked 700th on the Fortune 500 list of largest corporations in 2017, based on its revenue. Today, Paychex, Inc. ranks 617th on the Fortune 500, at the time of writing.
- Between 1995 and 2018, Paychex, Inc. had acquired more than 15 companies including, but not limited to Oasis (2018), ExpenseWire (2012), InterPay, Inc. (2003), National Business Solutions (1996), and several others.
- The CEO for Paychex, Inc., Martin Mucci, frequently appears in the media, providing analysis on the Small Business Employment Watch data. This also includes any insight to the health of Paychex, Inc. as a business and what it can say about the health of small business and the economy overall.
- Paychex Flex received the 2016 TekTonic Award from HRO Magazine for being the best mobile and cloud-based technology suite.
- Paychex, Inc. was named one of the Best Places to Work in Rochester in 2016 by the Rochester Democrat and Chronicle.
- During 2018, Paychex, Inc. was named one of the best ethical companies in the world by Ethisphere for an 11th
- In 2019, Paychex, Inc. was named in the Fortune 50 companies.
- During the same year, Paychex, Inc. was listed 211 on the Forbes 2019 list of the Best in the World.
- Paychex, Inc. was named to the HR Examiner’s 2025 Watchlist for employing Artificial Intelligence (AI) in Human Resources.
- Paychex, Inc. places emphasis on giving back to local communities, enriching their lives as much as possible.
- Paychex, Inc. is dedicated to giving its clients more than the best solutions for their business and works towards helping clients conduct business in the right way.
- There is conceited effort made in focusing on improvements in the work environment of clients and supporting employees beyond the workplace.
- During the past year, Paychex, Inc.’s client base showed sturdy growth, ending the fiscal year with more than 700,000 clients worldwide.
- The fiscal year also showed positive service revenue growth, a clear testament of the resilience, innovation, and commitment of Paychex, Inc. employees as well as the strength of the business model used.
- Despite the uncertain environment associated with the pandemic, Paychex, Inc. is well-positioned with consistent and continuous innovation of technology and product portfolio to meet the needs of clients.
- During the fourth quarter, Paychex, Inc. achieved double-digit revenue as well as earnings growth, with revenues showing clear positive performance across main lines of business.
- Despite the pandemic, Paychex, Inc. shows a client retention of 85%.
- The management solutions revenue of $756.4 million (11.1 billion ZAR), which is an increase of 14%, was led by increase in the customer base and penetration of solution suites, especially HR outsourcing, retirement services, as well as time and attendance.
- As of May, Paychex, Inc.’s financial position as well as cash flow generation remained strong with cash, restricted cash, and total corporate investments amounting to $1.1 billion (16.2 billion ZAR).
- During this period, Paychex, Inc. experienced both short-term and long-term borrowings, net of debt issuance costs of $804.7 million (11.9 billion ZAR).
- The AI and machine-learning chatbot of Paychex Flex has made great strides, boosting customer experience, and having successfully serviced more than 1.8 million clients in the fiscal year.
Paychex Investor Tip
- Paychex, Inc. is a successful company which has been in operation for the past 50 years.
- Paychex, Inc. trades its shares on the NASDAQ Stock Market (NASDAQ) under the stock symbol PAYX. Paychex, Inc. forms part of both NASDAQ-100 and the S&P 500
- An analysis on the financial performance for Paychex, Inc. for the fourth quarter and full year of 2025, shows that service revenue had grown by 14% to $1.0 billion (14.7 billion ZAR), with fourth quarter diluted earnings having grown by 20%.
- The operating income for the fourth quarter, having ended in May, indicate operating income of $353.8 billion (524.6 billion ZAR), diluted earnings per share of $0.73 (10.82 ZAR), and adjusted diluted earnings per share of $0.72 (10.67 ZAR).
- Data from the financial performance analysis must be weighed against forecasted performance during this pandemic, but for now, prices on shares and in turn dividends remain unaffected, which provides shareholders with assurance that they will have a strong buy-in on NASDAQ.
- When evaluating the share performance of PAYX during the past year, share value has increased significantly, from $72.35 (1,071.97 ZAR) in July 2025 to $113.22 (1,677.51 ZAR) at the time of writing, showing a 40% increase.
- During the past year, PAYX shares peaked at a price of $113.91 (1,687.74 ZAR), with an all-year low of $112.18 (1,662.10 ZAR).
- Despite the pandemic, Paychex, Inc. experienced continued and solid growth from new services as well as product initiative offerings.
- There were higher checks per client experienced as businesses recovered from the pandemic and their employees subsequently returned to work.
- The fiscal year forecast for 2025 shows growth of between 7% to 10% across all departments, with the adjusted diluted EPS anticipated to increase between 10% to 12%, providing investors assurance of lucrative dividends.
- The adjusted operating income is forecasted to increase by 38% while adjusted EBITDA is expected to increase by 42%.
- As more businesses are returning to normal operations, and increased vaccination rates that allow employees to return to work, Paychex, Inc. is expected to further expand its client base, serving more customers across the US as well as Europe.
Sector
Industrials
Industry
Business Process Outsourcing, Human Capital Management
Sub industry
Staffing and Employment Services
Latest News
Paychex: How to buy Paychex Shares Online
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FAQ
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