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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt No Debt
PAYX's Cash to Debt is ranked higher than
72% of the 156 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 9.09 vs. PAYX: No Debt )
PAYX' s 10-Year Cash to Debt Range
Min: 9.91   Max: No Debt
Current: No Debt

Equity to Asset 0.28
PAYX's Equity to Asset is ranked lower than
58% of the 158 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 0.46 vs. PAYX: 0.28 )
PAYX' s 10-Year Equity to Asset Range
Min: 0.18   Max: 0.87
Current: 0.28

0.18
0.87
F-Score: 7
Z-Score: 3.23
M-Score: -2.54
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Revenue Growth (%) 6.20
PAYX's Revenue Growth (%) is ranked higher than
69% of the 142 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 5.50 vs. PAYX: 6.20 )
PAYX' s 10-Year Revenue Growth (%) Range
Min: -1.8   Max: 20
Current: 6.2

-1.8
20
EBITDA Growth (%) 7.20
PAYX's EBITDA Growth (%) is ranked higher than
70% of the 113 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 7.20 vs. PAYX: 7.20 )
PAYX' s 10-Year EBITDA Growth (%) Range
Min: -0.7   Max: 35
Current: 7.2

-0.7
35
EPS Growth (%) 6.40
PAYX's EPS Growth (%) is ranked higher than
70% of the 105 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 7.00 vs. PAYX: 6.40 )
PAYX' s 10-Year EPS Growth (%) Range
Min: -3.1   Max: 35.1
Current: 6.4

-3.1
35.1
» PAYX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

PAYX Guru Trades in Q3 2013

Murray Stahl 8,248 sh (New)
Steven Cohen 9,040 sh (+56.54%)
Tom Gayner 150,900 sh (unchged)
Arnold Van Den Berg 330,773 sh (-1.79%)
Jeff Auxier 91,093 sh (-9.89%)
Jeremy Grantham 481,371 sh (-13.71%)
Joel Greenblatt 5,088 sh (-82.75%)
» More
Q4 2013

PAYX Guru Trades in Q4 2013

Paul Tudor Jones 27,480 sh (New)
Steven Cohen 22,137 sh (+144.88%)
Murray Stahl 11,683 sh (+41.65%)
Tom Gayner 150,900 sh (unchged)
Joel Greenblatt Sold Out
Arnold Van Den Berg Sold Out
Jeremy Grantham 446,761 sh (-7.19%)
Jeff Auxier 75,743 sh (-16.85%)
» More
Q1 2014

PAYX Guru Trades in Q1 2014

Ray Dalio 10,227 sh (New)
Joel Greenblatt 90,080 sh (New)
Paul Tudor Jones 741,416 sh (+2598.02%)
Jeremy Grantham 752,709 sh (+68.48%)
Murray Stahl 18,419 sh (+57.66%)
Steven Cohen 30,231 sh (+36.56%)
Tom Gayner 150,000 sh (-0.6%)
Jeff Auxier 59,643 sh (-21.26%)
» More
Q2 2014

PAYX Guru Trades in Q2 2014

Manning & Napier Advisors, Inc 27,722 sh (New)
» More
» Details

Insider Trades

Latest Guru Trades with PAYX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-03-31 New Buy0.06%$40.4 - $45.67 $ 42.26-1%90080
Ray Dalio 2014-03-31 New Buy$40.4 - $45.67 $ 42.26-1%10227
Arnold Van Den Berg 2013-12-31 Sold Out 1.3%$39.42 - $45.67 $ 42.26-1%0
Joel Greenblatt 2013-12-31 Sold Out 0.01%$39.42 - $45.67 $ 42.26-1%0
Joel Greenblatt 2013-09-30 Reduce -82.75%0.04%$36.94 - $41.11 $ 42.267%5088
Arnold Van Den Berg 2013-06-30 Reduce -8.82%0.11%$34.89 - $38.65 $ 42.2615%336803
Ray Dalio 2013-03-31 Sold Out 0.06%$31.1 - $35.06 $ 42.2628%0
Joel Greenblatt 2013-03-31 Reduce -37.78%0.03%$31.1 - $35.06 $ 42.2628%26678
Ray Dalio 2012-12-31 New Buy0.06%$30.88 - $33.92 $ 42.2630%183664
Joel Greenblatt 2012-12-31 Add 322.89%0.06%$30.88 - $33.92 $ 42.2630%42877
Arnold Van Den Berg 2012-09-30 Reduce -35.19%0.63%$31.14 - $34.56 $ 42.2629%387609
Richard Perry 2012-06-30 Sold Out 0.02%$29.2 - $32.49 $ 42.2637%0
Joel Greenblatt 2012-06-30 Reduce -29.62%0.01%$29.2 - $32.49 $ 42.2637%10017
Donald Yacktman 2012-06-30 Sold Out 0.0031%$29.2 - $32.49 $ 42.2637%0
John Hussman 2012-06-30 Sold Out 0.001%$29.2 - $32.49 $ 42.2637%0
Joel Greenblatt 2012-03-31 New Buy0.04%$30.23 - $32.56 $ 42.2643%14233
Richard Perry 2012-03-31 New Buy0.02%$30.23 - $32.56 $ 42.2643%16000
Donald Yacktman 2012-03-31 Reduce -21.51%$30.23 - $32.56 $ 42.2643%14600
John Hussman 2012-03-31 New Buy$30.23 - $32.56 $ 42.2643%1750
Tom Gayner 2011-12-31 Add 186.64%0.15%$25.55 - $30.24 $ 42.2647%145900
Arnold Van Den Berg 2011-09-30 Add 60.99%0.63%$25.35 - $31.63 $ 42.2652%654524
Joel Greenblatt 2011-09-30 Sold Out 0.0344%$25.35 - $31.63 $ 42.2652%0
Ray Dalio 2011-09-30 Sold Out 0.03%$25.27 - $31.63 $ 42.2653%0
Joel Greenblatt 2011-06-30 New Buy0.03%$29.24 - $33.5 $ 42.2634%8000
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 24.70
PAYX's P/E(ttm) is ranked higher than
58% of the 166 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 22.70 vs. PAYX: 24.70 )
PAYX' s 10-Year P/E(ttm) Range
Min: 13.65   Max: 49.75
Current: 24.7

13.65
49.75
P/B 8.70
PAYX's P/B is ranked lower than
61% of the 166 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 2.66 vs. PAYX: 8.70 )
PAYX' s 10-Year P/B Range
Min: 5.67   Max: 13.24
Current: 8.7

5.67
13.24
P/S 6.10
PAYX's P/S is ranked lower than
65% of the 166 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 0.61 vs. PAYX: 6.10 )
PAYX' s 10-Year P/S Range
Min: 3.6   Max: 13.33
Current: 6.1

3.6
13.33
PFCF 19.70
PAYX's PFCF is ranked higher than
73% of the 166 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 25.54 vs. PAYX: 19.70 )
PAYX' s 10-Year PFCF Range
Min: 12.03   Max: 45.26
Current: 19.7

12.03
45.26
EV-to-EBIT 15.02
PAYX's EV-to-EBIT is ranked higher than
60% of the 166 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 13.78 vs. PAYX: 15.02 )
PAYX' s 10-Year EV-to-EBIT Range
Min: 8.5   Max: 34.6
Current: 15.02

8.5
34.6
PEG 3.40
PAYX's PEG is ranked higher than
73% of the 166 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 11.84 vs. PAYX: 3.40 )
PAYX' s 10-Year PEG Range
Min: 0.95   Max: 15.57
Current: 3.4

0.95
15.57
Shiller P/E 26.50
PAYX's Shiller P/E is ranked higher than
86% of the 166 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 9999.00 vs. PAYX: 26.50 )
PAYX' s 10-Year Shiller P/E Range
Min: 16.62   Max: 62.77
Current: 26.5

16.62
62.77
Current Ratio 1.13
PAYX's Current Ratio is ranked lower than
56% of the 160 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 1.61 vs. PAYX: 1.13 )
PAYX' s 10-Year Current Ratio Range
Min: 1.07   Max: 7.39
Current: 1.13

1.07
7.39
Quick Ratio 1.13
PAYX's Quick Ratio is ranked lower than
54% of the 160 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 1.61 vs. PAYX: 1.13 )
PAYX' s 10-Year Quick Ratio Range
Min: 1.07   Max: 7.39
Current: 1.13

1.07
7.39

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.30
PAYX's Dividend Yield is ranked higher than
76% of the 121 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 2.00 vs. PAYX: 3.30 )
PAYX' s 10-Year Dividend Yield Range
Min: 1.13   Max: 5.87
Current: 3.3

1.13
5.87
Dividend Payout 0.90
PAYX's Dividend Payout is ranked higher than
79% of the 166 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 9999.00 vs. PAYX: 0.90 )
PAYX' s 10-Year Dividend Payout Range
Min: 0.17   Max: 1
Current: 0.9

0.17
1
Dividend growth (3y) 4.10
PAYX's Dividend growth (3y) is ranked higher than
59% of the 69 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 7.50 vs. PAYX: 4.10 )
PAYX' s 10-Year Dividend growth (3y) Range
Min: -19.4   Max: 50.1
Current: 4.1

-19.4
50.1
Yield on cost (5-Year) 2.69
PAYX's Yield on cost (5-Year) is ranked higher than
66% of the 124 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 2.20 vs. PAYX: 2.69 )
PAYX' s 10-Year Yield on cost (5-Year) Range
Min: 0.92   Max: 4.79
Current: 2.69

0.92
4.79
Share Buyback Rate -0.30
PAYX's Share Buyback Rate is ranked higher than
72% of the 127 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: -0.80 vs. PAYX: -0.30 )
PAYX' s 10-Year Share Buyback Rate Range
Min: 1.9   Max: -1.6
Current: -0.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 12.80
PAYX's Price/Tangible Book is ranked higher than
55% of the 166 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 7.52 vs. PAYX: 12.80 )
PAYX' s 10-Year Price/Tangible Book Range
Min: 7.99   Max: 32.84
Current: 12.8

7.99
32.84
Price/DCF (Projected) 2.00
PAYX's Price/DCF (Projected) is ranked higher than
68% of the 166 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 1.81 vs. PAYX: 2.00 )
PAYX' s 10-Year Price/DCF (Projected) Range
Min: 0.94   Max: 9.17
Current: 2

0.94
9.17
Price/Median PS Value 1.00
PAYX's Price/Median PS Value is ranked higher than
80% of the 166 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 1.18 vs. PAYX: 1.00 )
PAYX' s 10-Year Price/Median PS Value Range
Min: 0.62   Max: 5.26
Current: 1

0.62
5.26
Price/Peter Lynch Fair Value 4.00
PAYX's Price/Peter Lynch Fair Value is ranked higher than
84% of the 166 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 9999.00 vs. PAYX: 4.00 )
PAYX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1   Max: 4.78
Current: 4

1
4.78
Price/Graham Number 3.70
PAYX's Price/Graham Number is ranked higher than
60% of the 166 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 3.47 vs. PAYX: 3.70 )
PAYX' s 10-Year Price/Graham Number Range
Min: 2.5   Max: 11.96
Current: 3.7

2.5
11.96
Earnings Yield (Greenblatt) 6.70
PAYX's Earnings Yield (Greenblatt) is ranked higher than
55% of the 152 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 7.70 vs. PAYX: 6.70 )
PAYX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.9   Max: 11.7
Current: 6.7

2.9
11.7
Forward Rate of Return (Yacktman) 9.42
PAYX's Forward Rate of Return (Yacktman) is ranked higher than
72% of the 122 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 9.40 vs. PAYX: 9.42 )
PAYX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 6.2   Max: 21.8
Current: 9.42

6.2
21.8

Business Description

Industry: Employment Services » Staffing & Outsourcing Services
Compare:AHEXY, RANJY, TMH, HAYPY, JOBS » details
Traded in other countries:PCX.Germany
Paychex, Inc. is a Delaware Corporation formed in 1979. It is a provider of payroll and integrated human resource and employee benefits outsourcing solutions for small to medium sized businesses. Its Payroll and Human Resource Services offer a portfolio of services and products that allow the Company's clients to meet their diverse payroll and human resource needs. Its payroll services are the foundation of its service portfolio and include: payroll processing; payroll tax administration services; employee payment services; and other payroll-related services including regulatory compliance. The Company support small market companies through its core payroll and SurePayroll, Inc. ("SurePayroll") product lines. Its HRS products include: Paychex HR Solutions, under which it offers its administrative services organization ("ASO") and professional employer organization ("PEO"). It also offers Paychex HR Essentials, an ASO product that provides support to the clients over the phone or online to help manage employee-related topics; retirement services administration; insurance services; eServices; and other human resource services and products. The services are a combination of calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; and the preparation of federal, state, and local payroll tax returns. Payroll processing clients are charged a base fee each period that payroll is processed, plus a fee per employee check processed. The Company also offers Core Payroll services to its clients and their accountants through Paychex Online. Clients can communicate payroll information through the internet time sheet or use the online payroll service, and can access current and historical payroll information using Paychex Online Reports. The Company's Human Resource Services include: comprehensive human resource outsourcing services, which include Paychex PremierSM Human Resources and its Professional Employer Organization; retirement services administration; workers' compensation insurance services; health and benefits services; time and attendance solutions; and other human resource services and products. The Company markets its services through its direct sales force based in the metropolitan markets. In addition to the direct selling and marketing efforts, the Company utilizes relationships with existing clients, certified public accountants, and banks for new client referrals which help in generating approximately two-thirds of its new clients. In addition to traditional payroll processing and human resource service providers, it competes with in-house payroll and human resource systems and departments. The Company's Human Resource Services products also compete with a variety of providers of human resource services. The ever-changing mandates of federal, state, and local tax and regulatory agencies require the Company to regularly update the proprietary software i
» More Articles for PAYX

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