Paychex is a provider of human capital management solutions. Co.'s solutions include: payroll processing services, which include the calculation, preparation, and delivery of employee payroll checks and production of internal accounting records and management reports; payroll tax administration services, which provide for preparation and filing of quarterly and year-end tax returns, as well as the electronic transfer of funds to the applicable federal, state, and local tax or regulatory agencies; and regulatory compliance services, which provide new-hire reporting services that enable clients to comply with federal and state requirements to report information on newly hired employees. We show 57 historical shares outstanding datapoints in our PAYX shares outstanding history coverage, used to compute PAYX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PAYX market cap history over the course of time is important for investors
interested in comparing PAYX's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PAYX versus a peer is one thing; comparing
PAYX market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PAYX can fluctuate over the course of history.
With this page we aim to empower investors researching PAYX by allowing them to research the PAYX market cap history. |
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Video: The Importance of Market Cap
