Paychex Inc
PAYX:NASDAQ
| Last | Change / % Change | Dividend Yield | Volume |
| 30.18 | 0.29 0.97% | 4.28% | 1,396,958 |
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Latest News Headlines for Paychex Inc
The Paychex Top 12 in '12: Potential Regulatory Changes Every Small Business Needs to Know About in the New Year
Paychex, Inc., one of the nation's leading providers of payroll,
human
resource, and employee
benefits solutions for small and medium-sized businesses, today
released its top 12 in '12 list, containing the top 12 potential
regulatory changes that America's small businesses need to know about in
2012. Paychex works closely with the IRS and other government agencies
on issues of importance and is constantly monitoring regulatory and
compliance-related matters that impact its 564,000 clients.
Paychex (PAYX) Could Break Through $0.00 Resistance Level
Paychex Inc (: PAYX) closed Monday's trading session at $29.85. In the past year, the stock has hit a 52-week low of $0.00 and 52-week high of $0.00. Paychex (PAYX) stock has been showing support around $0.00 and resistance in the $0.00 range. Technical indicators for the stock are and S&P; gives Paychex (PAYX) a positive 4 STARS (out of 5) buy rating. For a hedged play on Paychex (PAYX), look at the Jun '12 $29.00 covered call for a net debit in the $27.85 area. That is also the break-even stock price for this trade. This covered call has a duration of 172 days, provides 6.70% downside protection and an assigned return rate of 4.13% for an annualized return rate of 8.76% (for comparison purposes only). Paychex (PAYX) has a current annual dividend yield of 4.34%.
Paychex Posts Second Quarter Results
View more recent headlinesPaychex reported total revenue of $545.7 million for the three months ended November 30, (the "second quarter"), a 7 percent increase from $512.0 million for the same period last year.
In a release on December 20, the Company noted that net income and diluted earnings per share increased 5 percent to $140.4 million and $0.39 per share, respectively. The inclusion of SurePayroll, Inc. ("SurePayroll") and ePlan Services, Inc. ("ePlan"), which were acquired in the second half of the fiscal year ended May 31, ("fiscal 2011"), contributed to the financial results for the second quarter. These acquisitions contributed approximately 2.0 percent in total revenue growth for the second quarter.
Company Background
Paychex, Inc. is a provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses. As of May 31, 2011, the Company serviced approximately 564,000 clients. As of May 31, 2011, it serviced approximately 1,900 clients in Germany through four offices. It offers a portfolio of services and products that allow its clients to meet their payroll and human resource needs. These services include payroll processing, payroll tax administration services, employee payment services, regulatory compliance services (new-hire reporting and garnishment processing), Paychex HR Solutions, retirement services administration, insurance services, eServices, and other human resource services and products. On February 8, 2011, the Company acquired SurePayroll, Inc. (SurePayroll ). On May 3, 2011, it acquired ePlan Services, Inc.(ePlan).
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 29.92 | Previous Close 29.89 |
Day High 30.20 | Day Low 29.8779 |
52wk High/Date 33.91 / 3/9/2011 | 52wk Low/Date 25.12 / 8/22/2011 |
Beta 0.9 | Market Capitalization 10.9B |
Shares Outstanding 362.4M | Volatility Avg 23.71 |
Avg Vol(10 day) 2.7M | P/E Ratio 20.3x |
EPS(TTM) 1.49 | Yield 4.28% |
Dividend Announcement 10/11/2011 | Ex-Date 10/28/2011 |
Payable 0.32 - QRTR | Payable Date 11/15/2011 |
Date of Record 11/1/2011 | |
Last Trade as of 12/29/2011 4:00 PM ET | |
PAYX Paychex Inc vs. Peers
| Peers | |
|---|---|
PAYX Paychex Inc | -3.30% |
Automatic Data Processing | 16.25% |
Barrett Business Services, Inc. | 27.14% |
CBIZ, Inc. | -2.72% |
Insperity Inc | -14.33% |
PAYX Paychex Inc | 4.24% |
Automatic Data Processing | 2.94% |
Barrett Business Services, Inc. | 2.23% |
CBIZ, Inc. | -- |
Insperity Inc | 2.39% |
PAYX Paychex Inc | 0.97% |
Automatic Data Processing | 1.02% |
Barrett Business Services, Inc. | 1.11% |
CBIZ, Inc. | 0.33% |
Insperity Inc | 1.59% |