PAYX

Paychex

Industrials · Human Resource & Employment Services · US
$100.53
Data: 2026-05-15
✓ ETHICAL PASS

UNKNOWN MOAT
HIGH
Data Confidence: 85.7%
Convergence Score
Score pending — view screener
Market Regime
Analysis pending
Today's Read
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials (81). The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-03
Full Daily Analysis

Key Metrics

How this company measures up on the fundamentals that matter

Market Cap
$32.7B
Total market value of the company
20.16
Premium valuation
15.48
Based on estimated future earnings — lower means cheaper
Rev Growth
+19.9%
Year-over-year revenue change
Profit Margin
26.6%
How much profit the company keeps from each dollar of revenue
N/A
Return on equity — how efficiently it uses shareholder money
Analyst Target
$100.93
+0% from current price — median analyst estimate
Recommendation
HOLD
Consensus view from 15 analysts covering this stock

About Paychex

Paychex, Inc., together with its subsidiaries, provides human capital management solutions (HCM) for payroll, employee benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services. The company provides retirement solutions, such as plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services; HCM solutions from recruiting and hiring to retirement; and talent management and talent acquisition services. In addition, it offers payroll solutions, including calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients' payroll obligations. Further, the company provides workforce management solutions; benefits administration solutions; digital marketplace for earned wages, financial wellness solutions, and voluntary lifestyle benefits; HR support to non-payroll clients through HR Partner Plus solution; and 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. Additionally, it offers payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and both virtual and on-site availability of a professionally trained HR representative, and other solutions to businesses. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

https://www.paychex.com

Country: United States Industry: Software - Application

Ethical Screening

Five compliance checks based on AAOIFI standards — all must pass for ethical clearance

Business Activity
PASS
Core business does not involve prohibited activities
Debt Ratio
30.3% PASS
Debt must be below 33% of total assets
Cash Ratio
0.0% PASS
Interest-bearing cash below 33% of assets
Receivables
17.9% PASS
Receivables below 49% of assets
Revenue Purity
1.3% PASS
Non-compliant revenue below 5% — any excess requires purification

Valuation

$117.41
What our model estimates this business is worth per share
14.4%
Slight discount to fair value
Rating
FAIR VALUE
Overall assessment combining ethics, valuation, and quality
96.2th
Ranks in the top 4% of our 13,571 screened universe
Ethical Score
80.8
Valuation Score
73.0
Quality Score
66.3
Combined
71.7

Trading at $91 against a fair value of $117, a 22% discount. 27% profit margins. Passes all ethical screens. Ranks better than 88% of screened stocks.

Quantitative Intelligence

Statistical analysis of price behaviour, risk, and market regime — independent of fundamental data

MARKUP
Price trending up with increasing momentum
-0.228
Returns do not compensate for the risk — negative edge
-0.0249
No positive edge detected — the data suggests staying out
-0.182
Drawdown risk outweighs the returns — higher risk profile
Annual Return
-8.2%
Historical annualised return based on price data
-45.0%
Largest peak-to-trough decline — the worst it has been
BULL
Statistical model sees bullish momentum
Days in State
64
How long the current regime has persisted — longer means more stable

Market Data

Trading characteristics and market positioning

N/A
52W High
$161.24
38% below the year high
52W Low
$85.45
18% above the year low
Avg Volume
3,917,779
Average daily shares traded — higher means easier to buy and sell
5.5
Days it would take all short sellers to cover — higher means more crowded
Short % Float
6.0%
Moderate short interest
5.4%
Annual dividend as a percentage of the share price
$4.53
Earnings per share over the last 12 months

Financial Health

Balance sheet strength and cash generation — the foundation of long-term value

1.25
Meaningful debt load — monitor closely
1.15
Adequate but worth monitoring
Quick Ratio
0.30
Like current ratio but excludes inventory — stricter test
Gross Margin
67.2%
Revenue left after cost of goods — higher means pricing power
Operating Margin
44.4%
Profit from core operations before interest and tax
N/A
Negative — the business is spending more than it generates
Revenue (TTM)
$4.0B
Total revenue over the last 12 months
Net Income
N/A
Loss-making — spending exceeds revenue after all costs

Analyst Coverage

Analysts
15
Target High
$125.00
Target Median
$100.93
Target Low
$90.00

Recent Insider Activity

SEC Form 4 filings — what company insiders are buying and selling

Date Insider Title Type Shares Value
2026-05-13 ROALDSEN ELIZABETH Officer 459 $41,310
2026-05-08 VELLI JOSEPH M Director 10,220 $619,230
2026-05-06 GOLISANO B THOMAS Beneficial Owner of more than 10% of a Class of Security 109,300 $9,975,811
2026-05-04 GOLISANO B THOMAS Beneficial Owner of more than 10% of a Class of Security 163,930 $15,279,915
2026-03-03 GOLISANO B THOMAS Beneficial Owner of more than 10% of a Class of Security 1,104 $103,390
2026-02-04 DOODY JOSEPH G Director 1,000 $98,760
2026-02-04 BONADIO THOMAS F Director 1,000 $98,498
2026-01-30 GOLISANO B THOMAS Beneficial Owner of more than 10% of a Class of Security 26,130 $2,668,657
2026-01-23 GOLISANO B THOMAS Beneficial Owner of more than 10% of a Class of Security 9,390 $1,006,326
2026-01-21 GOLISANO B THOMAS Beneficial Owner of more than 10% of a Class of Security 239,845 $25,848,096
Source: SEC Form 4 filings via public data. View all insider activity at
Insider Intelligence

What If You'd Bought PAYX?

Period Price Then Price Return Divs/Share $1,000 Became Total Return
1 Month $92.69 +9.3% $1.19 $1,106 +10.6%
2 Months $84.48 +19.9% $1.19 $1,213 +21.3%
3 Months $90.51 +11.9% $1.19 $1,132 +13.2%
6 Months $112.01 -9.6% $2.27 $925 -7.5%
1 Year $149.18 -32.1% $4.43 $709 -29.1%
2 Years $113.85 -11.0% $8.45 $964 -3.6%
3 Years $101.17 +0.1% $12.10 $1,121 +12.1%
5 Years $90.32 +12.1% $18.13 $1,322 +32.2%
Dividends Collected Per Share
1 Year: $4.4300
3 Years: $12.1000
5 Years: $18.1300
$1,000 invested 1 year ago = 6.7 shares = $29.70 in dividends collected

Historical returns. Past performance does not guarantee future results. Prices from market close data.

Framework Review History

Timestamped framework reads — tracking how the analysis evolves over time

2026-07-03 MARKUP $100.53 +0.0% Review #2

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials (81). The risk-adjusted return profile shows negative risk-adjusted returns.

2026-07-02 MARKUP $100.53 Review #1

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with strong ethical credentials (81). The risk-adjusted return profile shows negative risk-adjusted returns.

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Data sourced from public filings and market feeds. Not financial advice. Updated: 2026-05-15

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