Paychex, Inc. provides payroll, human resource (HR), retirement, and insurance services for small to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It also provides HR outsourcing services, including Paychex HR solutions comprising payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, the company offers insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life; cloud-based HR administration software products for employee benefits management and administration, time and attendance, recruiting, and onboarding solutions; and other HR services and products, such as employee handbooks, management manuals, and personnel and required regulatory forms. Further, it provides various accounting and financial services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and various services, such as payment processing services, financial fitness programs, and a small-business loan resource center. The company markets its products and services through direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Engineering, accounting, research, management & related services
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
Current SymbolNASDAQ:PAYX
Previous Symbol
CUSIP70432610
Phone585-385-6666
Debt
Debt-to-Equity RatioN/A
Current Ratio1.15
Quick Ratio1.15
Price-To-Earnings
Trailing P/E Ratio26.97
Forward P/E Ratio24.16
P/E Growth2.8
Sales & Book Value
Annual Sales$3.38 billion
Price / Sales7.31
Cash Flow$3.1772 per share
Price / Cash21.67
Book Value$5.64 per share
Price / Book12.21
Profitability
EPS (Most Recent Fiscal Year)$2.55
Net Income$933.70 million
Net Margins27.71%
Return on Equity42.87%
Return on Assets12.44%
Miscellaneous
Employees14,300
Outstanding Shares359,080,000
Market Cap$24.33 billion
OptionableOptionable
