Can I Buy Paychex Inc Shares in India?

Yes, Paychex Inc shares can be bought in India by opening an international trading account with Groww.

How to Buy Paychex Inc Shares in India?

One can easily invest in Paychex Inc shares from India by: Direct Investment - Opening an international trading account with Groww which includes KYC verification in the US. Your account gets activated in a few minutes to a few hours, after which you can start adding funds in USD balance to buy Paychex Inc shares. Indirect Investment - Under this form of investment, you can choose either a Mutual Fund (MF) or an Exchange-Traded Fund (ETF) that invests in global shares and start investing in shares of Paychex Inc.

What is the Share Price of Paychex Inc?

The share price of Paychex Inc is in Dollars and if you are investing from India, you can always check the INR valuation before investing. The current Paychex Inc share price is $121.45 as of 25 Apr ‘24

What is the Market Cap of Paychex Inc?

The Paychex Inc market cap is $43.90B as of 25 Apr ‘24

What is the PE and PB ratio of Paychex Inc?

The PE and PB ratio of Paychex Inc is 26.4 and 11.7 as of 25 Apr ‘24

Paychex Inc Share Price, PAYX Stock Price Quote Today

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Paychex Inc Industrials 
$121.45
-0.52(0.43%) 1D
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Performance
Open PricePrev. CloseVolumeAvg. Volume
$123.41$121.972,3282,137,450
FundamentalsMarket Cap$43.90B
P/B Ratio11.7
P/E Ratio26.4
Enterprise Value$43.03B
Div. Yield2.92%
Book Value9.94
EPS(TTM)4.43
ROE46.70%
Understand Fundamentals
FUNDAMENTALS
It is financial information that is reported quarterly or annually.
Market Cap
Market cap or market capitalization is the total market value of all of a company's outstanding shares.
Div. Yield
The divided yield displayed as a percentage is the amount of money a company pays shareholders for owning a share of its stock divided by its current stock price
P/B Ratio
The price-to-book ratio is a company's current market price to its Book Value. Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock.
Book Value
The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities.
P/E Ratio
The price-earnings ratio is a company's share price to the company's Earnings per Share. The ratio is used for evaluating companies and to find out whether they are overvalued or undervalued.
EPS(TTM)
Earnings per share (EPS) is a company's net profit divided by the number of common shares it has outstanding. EPS indicates how much money a company makes for each share of its stock, and is widely used metric to estimate corporate value
Enterprise Value
Enterprise Value is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. Enterprise value includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.
ROE
Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholder's equity
About the CompanyPaychex was set up in 1971 by Tom Golisano with an initial investment amount of 3,000 USD. The company started out as providing payroll solutions for small-time businesses. Eventually, it grew to 18 franchises and partnerships which came under one umbrella of Paychex. The company has its headquarters in Rochester, New York and operates over 100 offices. They serve over 6,80,000 clients across the US and Europe. The initial public offering was opened in 1983, and it has a ticker symbol of PAYX on the NASDAQ.
The company provides many services like Payroll, Business Insurance, Time and Attendance, and Employee Benefits. Under the umbrella of Payroll, Paychex offers customers of small and medium-sized businesses with payroll services and the option of online payroll. Also, it provides Group Health Insurance and Retirement Services. They offer HR services like Onboarding, Hiring Services and PEO. Lastly, they provide business Insurance to cover Workers’ Compensation, General Liability and Cyber Liability.
The company has undergone many acquisitions during its 50-year history. They acquired Pay-Fone and Payday in 1995. In 1996 Paychex acquired Olsen Computer Systems Inc. and National Business Solutions. Advantage Payroll Services Inc. was taken over in 2002. 2003 saw the company take InterPay Inc. and Time In A Box product line from Stromberg. Stromberg itself was acquired in 2004. The next acquisition for an undisclosed sum was Hawthorne Benefit Technologies Inc. 2010 saw Paychex take over SurePayroll Inc. and ePlan Services in 2011. The following year the company bought Icon Time Systems and ExpenseWire. The other acquisitions include myStaffingPro (2013), NETtimeSolutions (2014), Advance Partners (2015), Human Resources Outsourcing Inc. (2017), Lessor Group and Oasis (2018).
Paychex has also been awarded multiple times and at numerous forums. Some of the major awards include an honourable mention in the HR Examiner’s 2020 Watchlist, in 2019 it was named in the Fortune’s list of Future 50 companies. In 2019 Forbes ranked Paychex at 211 among the World’s Best Companies. Back in 2018, Forbes had also placed Paychex at 76 on their list of World’s Most Innovative Companies.;
OrganisationPaychex Inc
IndustryStaffing & Employment Services
HeadQuartersRochester, NY
Company Financials
*All values are in Million $
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Open Price	Prev. Close	Volume	Avg. Volume
$123.41	$121.97	2,328	2,137,450

Market Cap	$43.90B
P/B Ratio	11.7
P/E Ratio	26.4
Enterprise Value	$43.03B

Organisation	Paychex Inc
Industry	Staffing & Employment Services
HeadQuarters	Rochester, NY