Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Paychex's shares outstanding for the quarter that ended in Feb. 2023 was 361 Mil.
Paychex's quarterly shares outstanding
increased
from Nov. 2022 (360 Mil) to Feb. 2023 (361 Mil).
It means Paychex issued new shares from Nov. 2022 to Feb. 2023 .
Paychex's annual shares outstanding
increased
from May. 2021 (360 Mil) to May. 2022 (360 Mil).
It means Paychex issued new shares from May. 2021 to May. 2022 .
Paychex Shares Outstanding (EOP) Historical Data
The historical data trend for Paychex's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Paychex Annual Data
Trend
May13
May14
May15
May16
May17
May18
May19
May20
May21
May22
Shares Outstanding (EOP)
359.00
359.30
358.80
359.80
359.90
Paychex Quarterly Data
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
Shares Outstanding (EOP)
361.02
359.90
360.40
360.47
360.51
Competitive Comparison
For the Staffing & Employment Services subindustry, Paychex's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Paychex Shares Outstanding (EOP) Distribution
For the Business Services industry and Industrials sector, Paychex's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Paychex's Shares Outstanding (EOP) falls in comparison to its industry or sector. The grey bar indicates the Shares Outstanding (EOP)'s extreme value range as defined by GuruFocus.
Paychex Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Paychex Shares Outstanding (EOP) Related Terms
Thank you for viewing the detailed overview of Paychex's Shares Outstanding (EOP) provided by GuruFocus.com. Please click on the following links to see related term pages.
Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 730,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.
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