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 Video: What is a Stock Split?
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| Paychex, Inc. is a provider of human capital management solutions for human resources (HR), payroll, benefits and insurance services for small-to-medium-sized businesses and their employees across the U.S. and parts of Europe. Co. offers a portfolio of HCM technology and HR advisory solutions that help its clients navigate the challenges of HR. Its clients have the option of doing payroll online using its software as a service (SaaS) technology, outsourcing to its payroll specialists, or using a combination of those solutions. Payroll is integrated with HCM software modules for clients who have more complex HR needs. According to our PAYX split history records, Paychex has had 8 splits. | |
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Paychex (PAYX) has 8 splits in our PAYX split history database. The first split for PAYX took place on May 21, 1992. This was a 3 for 2
split, meaning for each 2
shares of PAYX owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. PAYX's second split took place on August 27, 1993. This was a 3 for 2
split, meaning for each 2
shares of PAYX owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. PAYX's third split took place on May 26, 1995. This was a 3 for 2
split, meaning for each 2
shares of PAYX owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. PAYX's 4th split took place on May 24, 1996. This was a 3 for 2
split, meaning for each 2
shares of PAYX owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. PAYX's 5th split took place on May 30, 1997. This was a 3 for 2
split, meaning for each 2
shares of PAYX owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split. PAYX's 6th split took place on May 26, 1998. This was a 3 for 2
split, meaning for each 2
shares of PAYX owned pre-split, the shareholder now owned 3 shares. For example, a 7593.75 share position pre-split, became a 11390.625 share position following the split. PAYX's 7th split took place on May 24, 1999. This was a 3 for 2
split, meaning for each 2
shares of PAYX owned pre-split, the shareholder now owned 3 shares. For example, a 11390.625 share position pre-split, became a 17085.9375 share position following the split. PAYX's 8th split took place on May 23, 2000. This was a 3 for 2
split, meaning for each 2
shares of PAYX owned pre-split, the shareholder now owned 3 shares. For example, a 17085.9375 share position pre-split, became a 25628.90625 share position following the split.
When a company such as Paychex splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the PAYX split history from start to finish, an original position size of 1000 shares would have turned into 25628.90625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Paychex shares, starting with a $10,000 purchase of PAYX, presented on a split-history-adjusted basis factoring in the complete PAYX split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
02/20/2015 |
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| End date: |
02/18/2025 |
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| Start price/share: |
$49.56 |
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| End price/share: |
$148.40 |
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| Starting shares: |
201.78 |
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| Ending shares: |
272.99 |
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| Dividends reinvested/share: |
$25.88 |
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| Total return: |
305.12% |
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| Average Annual Total Return: |
15.01% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$40,506.29 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
02/20/2015 |
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| End date: |
02/18/2025 |
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| Start price/share: |
$49.56 |
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| End price/share: |
$148.40 |
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| Dividends collected/share: |
$25.88 |
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| Total return: |
251.65% |
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| Average Annual Total Return: |
13.40% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$35,178.73 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/21/1992 | 3 for 2
| | 08/27/1993 | 3 for 2
| | 05/26/1995 | 3 for 2
| | 05/24/1996 | 3 for 2
| | 05/30/1997 | 3 for 2
| | 05/26/1998 | 3 for 2
| | 05/24/1999 | 3 for 2
| | 05/23/2000 | 3 for 2
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