Paychex logged a 3.3% change during today's evening session, and is now trading at a price of $112.47 per share. On average, analysts give it a target price of $119.92.
Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. The large-cap company is based in the United States. Paychex currently returns an annual dividend yield of 3.1%.
Make Sure to Consider the Following Before Buying Paychex:
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Paychex has moved 1.0% over the last year.
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PAYX has a forward P/E ratio of 22.4 based on its EPS guidance of 5.02.
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Over the last 6 years, earnings per share (EPS) have been growing at a compounded average rate of 7.7%.
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The company has a price to earnings growth (PEG) ratio of 2.94.
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Its Price to Book (P/B) ratio is 11.32
Paychex Has Generally Positive Cash Flows
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 1,699,400 | 143,000 | 1,556,400 | 13.47 |
| 2022 | 1,505,500 | 133,800 | 1,371,700 | 20.12 |
| 2021 | 1,260,300 | 118,400 | 1,141,900 | -13.09 |
| 2020 | 1,440,900 | 127,000 | 1,313,900 | 14.48 |
| 2019 | 1,271,500 | 123,800 | 1,147,700 | 52.24 |
| 2018 | 1,276,400 | 522,500 | 753,900 |
Paychex's free cash flows are strong in the aggregate, since they average out to $1.21 Billion over the last 6 years. But they are highly variable since their coefficient of variability is 160.4%. The compounded average growth rate for this period stands at 12.8%.
