Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

How to buy Paychex stock | 83.73

Own Paychex stock in just a few minutes.


Fact checked

Paychex, Inc is a staffing & employment services business based in the US. Paychex shares (PAYX) are listed on the NASDAQ and all prices are listed in US Dollars. Paychex employs 15,600 staff and has a trailing 12-month revenue of around USD$4 billion.

How to buy shares in Paychex

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Paychex. Find the stock by name or ticker symbol: PAYX. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Paychex reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$83.73, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Paychex, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Paychex. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Paychex's share price?

Since the stock market crash in March caused by coronavirus, Paychex's share price has had significant negative movement.

Its last market close was USD$83.73, which is 5.97% down on its pre-crash value of USD$89.05 and 74.90% up on the lowest point reached during the March crash when the shares fell as low as USD$47.8727.

If you had bought USD$1,000 worth of Paychex shares at the start of February 2020, those shares would have been worth USD$582.00 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$967.08.

Paychex share price

Use our graph to track the performance of PAYX stocks over time.

Paychex shares at a glance

Information last updated 2020-10-14.
Latest market closeUSD$83.73
52-week rangeUSD$47.8727 - USD$90.535
50-day moving average USD$78.1897
200-day moving average USD$72.6837
Wall St. target priceUSD$81.71
PE ratio 28.6241
Dividend yield USD$2.48 (2.99%)
Earnings per share (TTM) USD$2.9

Compare trading platforms

Compare special offers, low fees and a wide range of types of investments among top trading platforms.
Name Product Stock trade fee Asset types Option trade fee Annual fee
Stocks, Mutual funds, ETFs, Forex
$20 per year
Get a personal advisor when you open an account with at least $50,000.
Stocks, Options, ETFs, Cryptocurrency
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Sofi Invest
A free way to invest in stocks, ETFs and crypto.
Stocks, Options, ETFs, Futures
Stocks & ETFs: $1/contract to open, $0 to close, $10 max/leg
Futures: $2.50/contract to open, $0 to close
Trade stocks, options, ETFs and futures on mobile or desktop with this advanced platform.
Interactive Brokers
Stocks, Bonds, Options, Mutual funds, Index funds, ETFs, Futures, Cash
$0 + $0.65/contract, $1 minimum
IBKR Lite offers $0 commissions, and IBKR Pro offers advanced tools for professional traders.
TD Ameritrade
or $25 broker-assisted
$0 + $0.65/contract,
or $25 broker-assisted
TD Ameritrade features $0 commission for online stock, but watch out for high short-term ETF and broker-assisted trading fees.

Compare up to 4 providers

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Paychex stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Paychex price performance over time

Historical closes compared with the close of $83.73 from 2020-10-16

1 week (2020-10-23) -1.53%
1 month (2020-10-01) 5.52%
3 months (2020-07-30) 15.73%
6 months (2020-04-30) 22.20%
1 year (2019-10-30) -1.09%
2 years (2018-10-30) 29.55%
3 years (2017-10-30) 29.87%
5 years (2015-10-30) 62.33%

Is Paychex under- or over-valued?

Valuing Paychex stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Paychex's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Paychex's P/E ratio

Paychex's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 29x. In other words, Paychex shares trade at around 29x recent earnings.

That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).

Paychex's PEG ratio

Paychex's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 5.5717. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Paychex's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Paychex's EBITDA

Paychex's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$1.6 billion.

The EBITDA is a measure of a Paychex's overall financial performance and is widely used to measure a its profitability.

Paychex financials

Revenue TTM USD$4 billion
Operating margin TTM 35.05%
Gross profit TTM USD$2.8 billion
Return on assets TTM 10.25%
Return on equity TTM 39.47%
Profit margin 26.26%
Book value $7.729
Market capitalisation USD$30.1 billion

TTM: trailing 12 months

Shorting Paychex shares

There are currently 10.0 million Paychex shares held short by investors – that's known as Paychex's "short interest". This figure is 2.9% up from 9.7 million last month.

There are a few different ways that this level of interest in shorting Paychex shares can be evaluated.

Paychex's "short interest ratio" (SIR)

Paychex's "short interest ratio" (SIR) is the quantity of Paychex shares currently shorted divided by the average quantity of Paychex shares traded daily (recently around 1.8 million). Paychex's SIR currently stands at 5.54. In other words for every 100,000 Paychex shares traded daily on the market, roughly 5540 shares are currently held short.

However Paychex's short interest can also be evaluated against the total number of Paychex shares, or, against the total number of tradable Paychex shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Paychex's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Paychex shares in existence, roughly 30 shares are currently held short) or 0.0311% of the tradable shares (for every 100,000 tradable Paychex shares, roughly 31 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Paychex.

Find out more about how you can short Paychex stock.

Paychex's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Paychex.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Paychex's total ESG risk score

Total ESG risk: 21.65

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Paychex's overall score of 21.65 (as at 10/01/2020) is excellent – landing it in it in the 16th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Paychex is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Paychex's environmental score

Environmental score: 7.61/100

Paychex's environmental score of 7.61 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Paychex is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Paychex's social score

Social score: 16.2/100

Paychex's social score of 16.2 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Paychex is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Paychex's governance score

Governance score: 13.33/100

Paychex's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that Paychex is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Environmental, social, and governance (ESG) summary

Paychex, Inc was last rated for ESG on: 2020-10-01.

Total ESG score 21.65
Total ESG percentile 16.06
Environmental score 7.61
Environmental score percentile 8
Social score 16.2
Social score percentile 8
Governance score 13.33
Governance score percentile 8

Paychex share dividends


Dividend payout ratio: 68.51% of net profits

Recently Paychex has paid out, on average, around 68.51% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.99% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Paychex shareholders could enjoy a 2.99% return on their shares, in the form of dividend payments. In Paychex's case, that would currently equate to about $2.48 per share.

Paychex's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Paychex's most recent dividend payout was on 27 August 2020. The latest dividend was paid out to all shareholders who bought their shares by 31 July 2020 (the "ex-dividend date").

Have Paychex's shares ever split?

Paychex's shares were split on a 3:2 basis on 23 May 2000. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Paychex shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Paychex shares which in turn could have impacted Paychex's share price.

Paychex share price volatility

Over the last 12 months, Paychex's shares have ranged in value from as little as $47.8727 up to $90.535. A popular way to gauge a stock's volatility is its "beta".

PAYX.US volatility(beta: 0.9)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Paychex's is 0.8996. This would suggest that Paychex's shares are less volatile than average (for this exchange).

Paychex overview

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 and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, the company offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, it provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. The company markets and sells its services primarily through its direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site