PAYX
Paychex, Inc.Industrials · $37.2B market cap
Verdict
Share price
$98.94
close of Oct 3, 2026
Fair value
$156.49
Sticker Price
Payback Price
$62.60
buy price
PAYX is Undervalued: at $98.94 it trades 37% below its fair value of $156.49. Its buy price (Payback Price) is $62.60, 37% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.
How we valued it
Dividend Discount Model. It has paid a dividend for 10+ years in a row, raised it most years, and yields over 2%. For a steady payer like this, the dividend is the best guide to value.
Business quality
1 of 5 clear the 10% bar. What are the Big Five?
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2 of the investors we track hold PAYX. In Q2 2026, 1 opened a position. Who we track
Christopher Bloomstran
Semper Augustus · as of Q2 2026
$20.8M
211,640 shares
Thomas Gayner
Markel Group · as of Q2 2026
$14.7M
150,000 shares
Moves in Q2 2026
New position: Christopher Bloomstran
Insider activity
Since Jun 26, 2026: no open-market purchases, 4 sales worth $3.7M and 33 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Schrader Robert L.
Sr. VP, CFO · 2026-07-20
Sold
$299K
Simmons Christopher C
VP, Controller & Treasurer · 2026-07-17
Sold
$303K
MUCCI MARTIN
director · 2026-07-14
Sold
$2.7M
TUCCI JOSEPH M
director · 2026-06-26
Sold
$384K
Other filings
GOLISANO B THOMAS
Owns 10%+ · 2026-09-01
G-Gift
$42K
Simmons Christopher C
VP, Controller & Treasurer · 2026-08-14
Tax withholding
$16K
DOODY JOSEPH
director · 2026-07-20
J-Other
164 shares
MUCCI MARTIN
director · 2026-07-17
G-Gift
$1.1M
Schrader Robert L.
Sr. VP, CFO · 2026-07-15
Tax withholding
$262K
Show all 33 other filingsShow fewer
Schrader Robert L.
Sr. VP, CFO · 2026-07-15
Award
4,364 shares
Schrader Robert L.
Sr. VP, CFO · 2026-07-15
Award
$3.3M
Roaldsen Elizabeth
Sr. Vice President · 2026-07-15
Tax withholding
$262K
Bhandari Prabha S
Chief Legal Officer, Secretary · 2026-07-15
Tax withholding
$31K
ANTE ADAM BROOKS
Sr. Vice President, Paycor · 2026-07-15
Award
$2.5M
ANTE ADAM BROOKS
Sr. Vice President, Paycor · 2026-07-15
Tax withholding
$33K
ANTE ADAM BROOKS
Sr. Vice President, Paycor · 2026-07-15
Award
3,409 shares
Simmons Christopher C
VP, Controller & Treasurer · 2026-07-15
Tax withholding
$129K
Simmons Christopher C
VP, Controller & Treasurer · 2026-07-15
Award
1,818 shares
Simmons Christopher C
VP, Controller & Treasurer · 2026-07-15
Award
$1.2M
Parodi Chad C
SVP, HCM, PEO & Insurance · 2026-07-15
Tax withholding
$33K
Parodi Chad C
SVP, HCM, PEO & Insurance · 2026-07-15
Award
2,727 shares
Parodi Chad C
SVP, HCM, PEO & Insurance · 2026-07-15
Award
$2.0M
Argiropoulos Mason
VP, Chief HR Officer · 2026-07-15
Tax withholding
$42K
Argiropoulos Mason
VP, Chief HR Officer · 2026-07-15
Award
2,182 shares
Argiropoulos Mason
VP, Chief HR Officer · 2026-07-15
Award
$1.6M
BERGSTROM RYAN NORMAN
Chief Product Officer · 2026-07-15
Award
$2.5M
BERGSTROM RYAN NORMAN
Chief Product Officer · 2026-07-15
Tax withholding
$33K
BERGSTROM RYAN NORMAN
Chief Product Officer · 2026-07-15
Award
3,409 shares
Gibson John B
President and CEO · 2026-07-15
Tax withholding
$1.5M
Gibson John B
President and CEO · 2026-07-15
Award
14,318 shares
Gibson John B
President and CEO · 2026-07-15
Award
$10.7M
MUCCI MARTIN
director · 2026-07-14
Tax withholding
$18.0M
MUCCI MARTIN
director · 2026-07-14
Option exercise
$12.3M
BERGSTROM RYAN NORMAN
Chief Product Officer · 2026-07-01
Tax withholding
$215K
ANTE ADAM BROOKS
Sr. Vice President, Paycor · 2026-07-01
Tax withholding
$275K
TUCCI JOSEPH M
director · 2026-06-26
Tax withholding
$619K
TUCCI JOSEPH M
director · 2026-06-26
Option exercise
$619K
About Paychex, Inc.
Founded in 1971 and headquartered in Rochester, New York, Paychex, Inc. delivers comprehensive human capital management (HCM) solutions. The company primarily serves small to medium-sized enterprises (SMEs) across the United States, Europe, and India, addressing their needs in human resources, payroll administration, employee benefits, and insurance. Its diverse service portfolio includes: Payroll Management…
Staffing & Employment Services
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works