How to Buy Paychex Stock
Paychex Inc
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, Europe, and India.
Paychex stock last closed at $144.90, down 0.46% from the previous day, and has increased 21.62% in one year. It has overperformed other stocks in the Staffing & Employment Services industry by 0.32 percentage points. Paychex stock is currently +25.56% from its 52-week low of $115.40, and -8.51% from its 52-week high of $158.37.
At the moment, there are 360.19M shares of PAYX outstanding. The market value of PAYX is $52.19B. In the last 24 hours, 2.15M PAYX shares were traded.
How to Buy Paychex Stock
Wondering how to invest in Paychex stock? Here's how.
- Decide where to buy Paychex stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you choose where to buy Paychex stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Choose your method of payment and add your info.
- Research Paychex stock: The Paychex ticker symbol is PAYX. Is Paychex stock a good investment? Should you buy shares of PAYX? How do PAYX's underlying business fundamentals look? Do top analysts think Paychex is a good buy? Why has PAYX's stock price moved recently? (Hint: Our stock research tools can help you evaluate if PAYX is a good stock to buy).
- Execute your PAYX trade: Decide if you will purchase PAYX shares at the current market price or use a limit order to buy PAYX shares at a specific price.
- Monitor your PAYX position: Create a watchlist to watch your new investment in Paychex shares.
Step 1: Decide where to buy Paychex stock
You need a brokerage account in order to access the NASDAQ market and buy PAYX stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal info so you are able to invest in PAYX today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open your new brokerage account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've filled out your info on a investment app, your next step is to transfer the money for your investment:
Watch the tutorial below to see the process of depositing funds into your investment account.
Step 4: Research Paychex stock
After you have selected the best place to buy Paychex stock, it's important to analyze their stock before you invest, so you can comprehend the risk as well as the upside.
Overview of key PAYX info
Paychex Due Diligence Checks
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on PAYX's stock page.
What is the fair value of PAYX stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge PAYX's true value.
Using relative valuations measures:
- PAYX may be overvalued based on its P/E ratio of 30x, relative to Staffing & Employment Services industry P/E ratio of 27.93x
- PAYX could be overvalued based on its P/B ratio of 12.68x, relative to Staffing & Employment Services industry P/B ratio of 9.99x
- PAYX could be overvalued based on its PEG ratio of 5.76x
You can do more valuation research on PAYX's stock here.
A look at PAYX Cashflows and Balance Sheet
Signs that PAYX is financially healthy:
- Total PAYX debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the PAYX balance sheet.
- PAYX profit margin has gone up from 31.9% to 32% in the past year.
- PAYX earnings of $2.28B is not enough to cover its interest payments.
- PAYX's operating cash flow of $1.78B allows it to safely service it's debt of $863.70M.
- There are more short-term assets than long-term liabilities on the PAYX balance sheet.
Signs that PAYX is not financially healthy:
- PAYX has a relatively high debt to equity ratio of 1.73.
Do Wall Street analysts think it's a good time to buy Paychex stock
Out of 7 Wall Street analysts who give forecasts on PAYX, the consensus analyst rating on PAYX is a Hold
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent PAYX Analyst Upgrades/Downgrades
Ashish Sabadra, a top 7% analyst from RBC Capital reiterates PAYX with a hold rating and maintains their PAYX price target from $148.00 to $148.00, on Dec 20, 2024.
Tien-tsin Huang, a top 21% analyst from JP Morgan maintains PAYX with a strong sell rating and raises their PAYX price target from $133.00 to $139.00, on Nov 19, 2024.
You can dive deeper into what analysts are saying on the Paychex stock forecast page.
PAYX Momentum
Is PAYX Growing Revenue?
Last year, PAYX earnings were $1.74B. During the past five year, PAYX's earnings have grown by 9.34% per year. This was slower than the Staffing & Employment Services industry average of 20.18%.
Last year, PAYX revenue was $5.44B. In the past five year, PAYX's revenue has increased by 5.79% per year. This was slower than the Staffing & Employment Services industry average of 7.75%.
Learn more about PAYX's earnings and revenue performance here.
Are PAYX executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at PAYX have sold more shares than they have bought.
Mason Argiropoulos, VP Chief HR Officer of PAYX, was the latest PAYX insider to sell. They sold $11,661.98 worth of PAYX stock on Apr 15, 2025.
Get more info about who owns PAYX shares here.
Does PAYX stock generate passive income?
No, Paychex doesn't provide an income stream by paying out dividends.
What do other investors have to say about PAYX?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your PAYX trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, use a limit order.
Click the Open button and eToro will execute your order.
If you require additional help buying stocks on eToro, watch the how to video below:
Step 6: Monitor your PAYX position
Now that you own some PAYX stock, you'll want to stay up-to-date on your investment.
Create a watchlist to get notified of important updates regarding your PAYX stock.
PAYX Feed
How to Buy Stock in Paychex
To reiterate, here are the 6 steps you need to take to buy Paychex stock right now:
- Decide where to buy Paychex stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Research Paychex stock
- Execute your PAYX trade
- Monitor your PAYX position
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get updates on your investment in Paychex, add PAYX to your watchlist by clicking the button below.
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