How to buy Paychex (PAYX) shares in Australia

Learn how to easily invest in Paychex shares.

Paychex Inc
NASDAQ: PAYX - USD
$117.80
- $1.40 ( - 1.17%)
STAFFING & EMPLOYMENT SERVICES

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Paychex Inc (PAYX) is a leading staffing & employment services business with stocks listed in the US. It opened the day at US$109.6 after a previous close of US$110.22. During the day the price has varied from a low of USD109.6 to a high of USD112.13. The latest price was USD111.9 (25 minute delay). Paychex is listed on the NASDAQ. All prices are listed in US Dollars.

How to buy shares in Paychex

  1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Paychex. Find the share 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 risk, 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 US$110.22, weigh your budget against a diversified portfolio that can minimise 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. Optimise 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.

Paychex stock price (NASDAQ:PAYX)

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

Paychex shares at a glance

Information last updated 2021-07-09.
OpenUS$109.6
HighUS$112.13
LowUS$109.6
CloseUS$111.9
Previous closeUS$110.22
Change US$1.68
Change % 1.5242%
Volume 1,562,082
Information last updated 2021-11-27.
52-week rangeUS$83.2134 - US$126.82
50-day moving average US$119.0716
200-day moving average US$107.3871
Target priceUS$116.71
PE ratio 36.4435
Dividend yield US$2.56 (2.05%)
Earnings per share (TTM) US$3.36

Where to buy Paychex stock

Name Product Standard brokerage for US shares Currency conversion fee Markets
eToro (global stocks)
US$0
50 pips (US$0.50 for every AU$100 exchanged)
Global shares, US shares, ETFs
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IG Share Trading
US$0
0.70%
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Superhero share trading
US$0
50 pips (US$0.50 for every AU$100 exchanged)
ASX shares, US shares
Earn up to 15,000 Qantas frequent flyer points when you transfer an exisiting balance or trade. Offer valid for all new and existing Superhero members until 28 February.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
Saxo Capital Markets (Classic account)
US$4
1%
ASX shares, Global shares, ETFs
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
CommSec Share Trading Account
US$19.95
0.60%
ASX shares, Global shares, Options trading, ETFs
Trade with Australia's largest online stockbroking firm.
Enjoy fast, simple and affordable trades, with market leading research and broker recommendations all in one platform
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

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.

Paychex share growth calculator

US$

Use the fields above to explore the returns from a historical investment. Please refer to the charts further up this page to see performance over 5 years, or other periods. Past performance doesn't indicate future results. Capital is at risk.

Considering buying Paychex shares?

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Paychex price performance over time

Historical closes compared with the last close of $111.9

1 week (2021-11-24) -10.54%
1 month (2021-11-02) -9.34%
3 months (2021-09-02) -1.60%
6 months (2021-06-02) 9.84%
1 year (2020-12-02) 20.56%
2 years (2019-12-02) 32.11%
3 years (2018-11-30) 58.14%
5 years (2016-12-02) 91.81%

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 36x. In other words, Paychex shares trade at around 36x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

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 4.7714. 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 US$1.8 billion (£1.3 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 US$4.2 billion
Operating margin TTM 37.91%
Gross profit TTM US$2.8 billion
Return on assets TTM 11.24%
Return on equity TTM 41.89%
Profit margin 28.98%
Book value 8.44
Market capitalisation US$44.2 billion

TTM: trailing 12 months

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 12/31/2018) 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: 2019-01-01.

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

79%

Dividend payout ratio: 78.79% of net profits

Recently Paychex has paid out, on average, around 78.79% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.11% 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 2.11% return on their shares, in the form of dividend payments. In Paychex's case, that would currently equate to about $2.56 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 28 November 2021. The latest dividend was paid out to all shareholders who bought their shares by 28 October 2021 (the "ex-dividend date").

Have Paychex's shares ever split?

Paychex's shares were split on a 3:2 basis on 22 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 US$83.2134 up to US$126.82. 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 0.8987. 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, digital communication solutions, 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 1971 and is headquartered in Rochester, New York.

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