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Paychex Inc

Industrials
$117.44
- $4.18 (3.44%) 1D
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Performance

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    Today’s High
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      Open PricePrev. CloseVolumeAvg. Volume
      $120.39$121.621,606,7782,002,574

      Fundamentals

      Market Cap$42.39B
      P/B Ratio12.9
      P/E Ratio31.2
      Enterprise Value$42.96B
      Div. Yield2.60%
      Book Value9.11
      EPS(TTM)3.77
      ROE43.90%
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      About the Company

      Paychex 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 um
      Paychex 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.
      ...Read more
      OrganisationPaychex Inc
      IndustryStaffing & Employment Services
      HeadQuartersRochester, NY

      Company Financials

      *All values are in Million $
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      FAQs on Paychex Inc

      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 $117.44 as of 18 May ‘22

      What is the Market Cap of Paychex Inc?

      The Paychex Inc market cap is $42.39B as of 18 May ‘22

      What is the PE and PB ratio of Paychex Inc?

      The PE and PB ratio of Paychex Inc is 31.2 and 12.9 as of 18 May ‘22
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