Paychex Company Profile (NASDAQ:PAYX)

About Paychex (NASDAQ:PAYX)

Paychex, Inc. is a provider of integrated human capital management (HCM) solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The Company also has operations in Germany. The Company offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services. As of May 31, 2016, the Company serviced approximately 605,000 payroll clients. It offers a portfolio of HCM services and products that allows its clients to meet their payroll and HR needs. Its payroll-related ancillary services and human resource service (HRS) offerings often leverage the information gathered in the base payroll processing service, allowing it to provide outsourcing services covering the HCM spectrum. The Company, through its HCM software-as-a-service platform, Paychex Flex, provides an integrated product suite that covers the employee life cycle from recruiting and hiring to retirement.

Industry, Sector and Symbol:

Sector: Business Services
Industry: Outsourcing & Staffing Services
Sub-Industry: Data Processing & Outsourced Services
Symbol: NASDAQ:PAYX
CUSIP: 70432610
Web: www.paychex.com

Capitalization:

Market Cap: $21.47391 billion
Outstanding Shares: 359,395,000

Average Prices:

50 Day Moving Avg: $56.38
200 Day Moving Avg: $58.35
52 Week Range: $52.78 - $63.03

P/E:

Trailing P/E Ratio: 26.56
Foreward P/E Ratio: 23.52
P/E Growth: 2.99

Sales & Book Value:

Annual Revenue: $3.15 billion
Price / Sales: 6.82
Book Value: $5.44 per share
Price / Book: 10.98

Dividend:

Annual Dividend: $2.00
Dividend Yield: 3.4%

Profitability:

EBIDTA: $1.37 billion
Net Margins: 25.93%
Return on Equity: 42.48%
Return on Assets: 12.50%

Debt:

Current Ratio: 1.12%
Quick Ratio: 1.12%

Misc:

Average Volume: 2.15 million shs.
Beta: 0.96
Short Ratio: 5.01

Frequently Asked Questions for Paychex (NASDAQ:PAYX)

What is Paychex's stock symbol?

Paychex trades on the NASDAQ under the ticker symbol "PAYX."

How often does Paychex pay dividends? What is the dividend yield for Paychex?

Paychex announced a quarterly dividend on Thursday, July 13th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.50 per share on Thursday, August 24th. This represents a $2.00 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Friday, July 28th. This is an increase from Paychex's previous quarterly dividend of $0.46. View Paychex's Dividend History.

How were Paychex's earnings last quarter?

Paychex, Inc. (NASDAQ:PAYX) issued its quarterly earnings data on Wednesday, June, 28th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.53 by $0.01. The business had revenue of $799 million for the quarter, compared to analysts' expectations of $797.70 million. Paychex had a net margin of 25.93% and a return on equity of 42.48%. Paychex's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share. View Paychex's Earnings History.

When will Paychex make its next earnings announcement?

Paychex is scheduled to release their next quarterly earnings announcement on Tuesday, October, 3rd 2017. View Earnings Estimates for Paychex.

Where is Paychex's stock going? Where will Paychex's stock price be in 2017?

16 equities research analysts have issued twelve-month price targets for Paychex's shares. Their forecasts range from $48.00 to $70.00. On average, they anticipate Paychex's share price to reach $59.28 in the next year. View Analyst Ratings for Paychex.

Who are some of Paychex's key competitors?

Some companies that are related to Paychex include S&P Global (SPGI), Thomson Reuters Corp (TRI), Fidelity National Information Services (FIS), Fiserv (FISV), Wpp Plc (WPPGY), Republic Services (RSG), IHS Markit (INFO), Sodexo SA (SDXAY), Waste Connections (WCN), Omnicom Group (OMC), First Data Corporation (FDC), Publicis Groupe SA (PUBGY), Global Payments (GPN), Nielsen N.V. (NLSN), FleetCor Technologies (FLT), Verisk Analytics (VRSK), Adecco SA (AHEXY) and Equifax (EFX).

Who are Paychex's key executives?

Paychex's management team includes the folowing people:

B. Thomas Golisano, Non-Independent Chairman of the Board
Martin Mucci, President, Chief Executive Officer, Non-Independent Director
Efrain Rivera, Chief Financial Officer, Senior Vice President, Treasurer
Mark A. Bottini, Senior Vice President - Sales
John B. Gibson, Senior Vice President - Service
Michael E. Gioja, Senior Vice President - Information Technology, Product Management and Development
Jennifer R. Vossler CPA, Vice President, Controller
Laurie L. Zaucha, Vice President - Human Resources and Organizational Development
Stephanie L. Schaeffer, Chief Legal Officer, Vice President, Corporate Secretary
Joseph M. Tucci, Lead Independent Director

Who owns Paychex stock?

Paychex's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.99%), Vanguard Group Inc. (6.41%), State Street Corp (3.86%), FMR LLC (2.91%), Wells Fargo & Company MN (2.35%) and Bank of New York Mellon Corp (2.18%). Company insiders that own Paychex stock include David J S Flaschen, Efrain Rivera, Grant M Inman, Jennifer R Vossler, John B Gibson, Joseph Doody, Joseph M Tucci, Joseph M Velli, Laurie L Zaucha, Mark Anthony Bottini, Martin Mucci, Michael E Gioja, Pamela A Joseph and Stephanie L Schaeffer. View Institutional Ownership Trends for Paychex.

Who sold Paychex stock? Who is selling Paychex stock?

Paychex's stock was sold by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, BlackRock Inc., Bahl & Gaynor Inc., State Street Corp, Swiss National Bank, Ameriprise Financial Inc., Quantitative Investment Management LLC and Capital World Investors. Company insiders that have sold Paychex stock in the last year include David J S Flaschen, Efrain Rivera, Grant M Inman, Jennifer R Vossler, Joseph Doody, Joseph M Tucci, Joseph M Velli, Laurie L Zaucha, Mark Anthony Bottini, Martin Mucci, Michael E Gioja and Pamela A Joseph. View Insider Buying and Selling for Paychex.

Who bought Paychex stock? Who is buying Paychex stock?

Paychex's stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Arrowstreet Capital Limited Partnership, Mawer Investment Management Ltd., FMR LLC, Vanguard Group Inc., Koch Industries Inc., Marshall Wace North America L.P. and SG Americas Securities LLC. View Insider Buying and Selling for Paychex.

How do I buy Paychex stock?

Shares of Paychex can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Paychex's stock price today?

One share of Paychex stock can currently be purchased for approximately $59.75.

MarketBeat Community Rating for Paychex (NASDAQ PAYX)

Community Ranking:		0.9 out of 5 ()
Outperform Votes:		103 (Vote Outperform)
Underperform Votes:		456 (Vote Underperform)
Total Votes:		559

MarketBeat's community ratings are surveys of what our community members think about Paychex and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Consensus Ratings for Paychex (NASDAQ:PAYX) (How are Consensus Ratings Calculated?)

Ratings Breakdown:	3 Sell Ratings, 12 Hold Ratings, 1 Buy Rating
Consensus Rating:	Hold (Score: 1.88)
Consensus Price Target:	$59.28 (0.78% downside)

Analysts' Ratings History for Paychex (NASDAQ:PAYX)

Show:

Date	Firm	Action	Rating	Price Target	Impact on Share Price
8/18/2017	Stifel Nicolaus	Reiterated Rating	Hold	$61.00	Low
8/16/2017	Morgan Stanley	Upgrade	Underweight -> Equal Weight	$55.00	Medium
7/21/2017	William Blair	Downgrade	Outperform -> Market Perform		Low
6/30/2017	J P Morgan Chase & Co	Reiterated Rating	Neutral	$62.00 -> $60.00	Low
6/30/2017	Robert W. Baird	Lower Price Target	Neutral	$63.00 -> $60.00	Low
6/29/2017	BMO Capital Markets	Reiterated Rating	Hold	$60.00	Medium
6/20/2017	Goldman Sachs Group, Inc. (The)	Downgrade	Buy -> Neutral	$68.00 -> $64.00	Low
6/6/2017	Wedbush	Reiterated Rating	Neutral	$65.00 -> $61.25	Low
3/21/2017	Jefferies Group LLC	Reiterated Rating	Sell	$50.00	Medium
1/21/2017	Royal Bank Of Canada	Set Price Target	Sell	$55.00	N/A
1/11/2017	Sanford C. Bernstein	Upgrade	Underperform -> Market Perform	$52.00 -> $59.00	N/A
12/23/2016	Argus	Reiterated Rating	Buy	$70.00	N/A
12/23/2016	Wells Fargo & Company	Reiterated Rating	Market Perform	$57.00 -> $61.00	N/A
12/23/2016	Deutsche Bank AG	Reiterated Rating	Hold	$56.00 -> $62.00	N/A
12/22/2016	Compass Point	Boost Price Target	Sell	$45.00 -> $48.00	N/A
12/20/2016	Barclays PLC	Initiated Coverage	Equal Weight	$63.00	N/A
5/16/2016	Sterne Agee CRT	Reiterated Rating	Neutral		N/A
4/3/2016	Oppenheimer Holdings, Inc.	Reiterated Rating	Buy		N/A
3/31/2016	Bank of America Corporation	Reiterated Rating	Sell	$50.00	N/A
3/31/2016	Citigroup Inc.	Boost Price Target	Sell	$48.00 -> $49.00	N/A

(Data available from 9/24/2015 forward)

Earnings History for Paychex (NASDAQ:PAYX)

Earnings by Quarter for Paychex (NASDAQ:PAYX)

Earnings History by Quarter for Paychex (NASDAQ PAYX)

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
9/26/2017		$0.61					N/A
6/28/2017	Q4 17	$0.53	$0.54	$797.70 million	$799.00 million	View	N/A
3/29/2017	Q3 2017	$0.54	$0.55	$799.08 million	$795.80 million	View	N/A
12/21/2016	Q217	$0.55	$0.56	$778.99 million	$771.40 million	View	N/A
9/28/2016	Q117	$0.57	$0.60	$782.80 million	$785.50 million	View	N/A
6/30/2016	Q416	$0.49	$0.49	$750.51 million	$753.90 million	View	Listen
3/30/2016	Q316	$0.50	$0.50	$751.14 million	$752.60 million	View	Listen
12/22/2015	Q216	$0.51	$0.52	$724.08 million	$722.40 million	View	Listen
9/30/2015	Q116	$0.51	$0.52		$723.00 million	View	N/A
7/1/2015	Q415	$0.44	$0.44	$657.47 million	$692.20 million	View	N/A
3/25/2015	Q315	$0.46	$0.46	$701.16 million	$693.60 million	View	N/A
12/19/2014	Q215	$0.46	$0.47	$674.46 million	$676.30 million	View	N/A
9/24/2014	Q115	$0.46	$0.47	$659.39 million	$666.80 million	View	Listen
7/1/2014	Q414	$0.40	$0.40	$617.35 million	$639.00 million	View	Listen
3/26/2014	Q314	$0.42	$0.44	$628.85 million	$636.00 million	View	Listen
12/19/2013	Q2	$0.42	$0.43	$598.89 million	$610.50 million	View	Listen
10/1/2013	Q114	$0.43	$0.44	$605.56 million	$597.90 million	View	Listen
6/26/2013	Q4 2013	$0.38	$0.38	$585.96 million	$575.30 million	View	Listen
3/27/2013	Q3 2013	$0.39	$0.40	$592.62 million	$593.30 million	View	Listen
12/19/2012	Q2 2013	$0.34	$0.41	$557.66 million	$559.40 million	View	Listen
9/24/2012	Q113	$0.41	$0.42	$584.05 million	$578.20 million	View	N/A
6/27/2012		$0.34	$0.34			View	N/A
3/28/2012		$0.37	$0.37			View	N/A
12/20/2011		$0.38	$0.39			View	N/A
9/27/2011		$0.38	$0.41			View	N/A
6/22/2011		$0.33	$0.33			View	N/A
3/23/2011		$0.35	$0.36			View	N/A
12/20/2010		$0.35	$0.37	$510.65 million	$512.00 million	View	N/A

(Data available from 1/1/2011 forward)

Earnings Estimates for Paychex (NASDAQ:PAYX)

2017 EPS Consensus Estimate: $2.20
2018 EPS Consensus Estimate: $2.37

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2017	3	$0.56	$0.57	$0.56
Q2 2017	4	$0.54	$0.56	$0.55
Q3 2017	4	$0.53	$0.60	$0.55
Q4 2017	5	$0.52	$0.59	$0.54
Q1 2018	4	$0.60	$0.62	$0.61
Q2 2018	4	$0.59	$0.60	$0.60
Q3 2018	4	$0.58	$0.59	$0.59
Q4 2018	4	$0.58	$0.58	$0.58
Q1 2019	1	$0.68	$0.68	$0.68
Q2 2019	2	$0.64	$0.65	$0.65
Q3 2019	1	$0.65	$0.65	$0.65

(Data provided by Zacks Investment Research)

Current Dividend Information for Paychex (NASDAQ:PAYX)

Most Recent Dividend:	8/24/2017
Annual Dividend:	$2.00
Dividend Yield:	3.35%
Dividend Growth:	36.00% (3 Year Average)
Payout Ratio:	88.50% (Trailing 12 Months of Earnings) 84.39% (Based on This Year's Estimates) 78.74% (Based on Next Year's Estimates)
Track Record:	6 Years of Consecutive Dividend Growth

Dividend Payments by Quarter for Paychex (NASDAQ:PAYX)

Dividend History by Quarter for Paychex (NASDAQ PAYX)

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
7/13/2017	quarterly	$0.50	3.5%	7/28/2017	8/1/2017	8/24/2017
4/28/2017	quarterly	$0.46	3.11%	5/8/2017	5/10/2017	5/25/2017
1/13/2017	quarterly	$0.46	3.02%	1/30/2017	2/1/2017	2/15/2017
10/12/2016	quarterly	$0.46	3.28%	10/28/2016	11/1/2016	11/22/2016
7/7/2016	quarterly	$0.46	3.04%	7/28/2016	8/1/2016	8/25/2016
4/29/2016	quarterly	$0.42	3.19%	5/5/2016	5/9/2016	5/23/2016
1/15/2016	quarterly	$0.42	3.54%	1/28/2016	2/1/2016	2/16/2016
10/14/2015	quarterly	$0.42	3.37%	10/29/2015	11/2/2015	11/19/2015
7/9/2015	quarterly	$0.42	3.54%	7/30/2015	8/3/2015	8/20/2015
5/1/2015	quarterly	$0.38	3.08%	5/7/2015	5/11/2015	5/21/2015
1/16/2015	quarterly	$0.38	3.2%	1/29/2015	2/2/2015	2/17/2015
10/15/2014	quarterly	$0.38	3.53%	10/30/2014	11/3/2014	11/20/2014
7/10/2014	quarterly	$0.38	3.63%	7/30/2014	8/1/2014	8/15/2014
5/2/2014	quarterly	$0.35	3.37%	5/8/2014	5/12/2014	5/23/2014
1/17/2014	quarterly	$0.35	3.2%	1/30/2014	2/3/2014	2/17/2014
10/16/2013	quarterly	$0.35	3.4%	10/30/2013	11/1/2013	11/15/2013
7/11/2013	quarterly	$0.35	3.6%	7/30/2013	8/1/2013	8/15/2013
12/10/2012	quarterly	$0.33	7.79%	12/18/2012	12/20/2012	12/28/2012

(Data available from 1/1/2013 forward)

Insider Trading and Institutional Ownership History for Paychex (NASDAQ:PAYX)

Insider Ownership Percentage: 11.70%
Institutional Ownership Percentage: 67.31%

Institutional Ownership by Quarter for Paychex (NASDAQ:PAYX)

Insider Trades by Quarter for Paychex (NASDAQ:PAYX)

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
7/13/2017	Martin Mucci	CEO	Sell	30,000	$57.04	$1,711,200.00
7/10/2017	Joseph M Tucci	Director	Sell	6,000	$57.82	$346,920.00
7/9/2017	Efrain Rivera	Insider	Sell	5,837	$57.39	$334,985.43
7/9/2017	Mark Anthony Bottini	VP	Sell	7,139	$57.39	$409,707.21
7/9/2017	Martin Mucci	CEO	Sell	33,294	$57.40	$1,911,075.60
7/6/2017	Laurie L Zaucha	VP	Sell	2,884	$57.39	$165,512.76
7/6/2017	Michael E Gioja	Insider	Sell	7,343	$57.40	$421,488.20
5/10/2017	Grant M Inman	Director	Sell	10,654	$57.75	$615,268.50
5/5/2017	Jennifer R Vossler	VP	Sell	10,000	$58.76	$587,600.00
4/27/2017	Mark Anthony Bottini	VP	Sell	35,000	$60.01	$2,100,350.00
4/20/2017	Joseph M Velli	Director	Sell	9,000	$58.29	$524,610.00
1/25/2017	Jennifer R Vossler	VP	Sell	5,876	$62.01	$364,370.76
1/25/2017	Joseph Doody	Director	Sell	10,850	$61.48	$667,058.00
1/17/2017	David J S Flaschen	Director	Sell	10,250	$61.05	$625,762.50
1/17/2017	Michael E Gioja	Insider	Sell	24,726	$60.72	$1,501,362.72
1/10/2017	Pamela A Joseph	Director	Sell	18,500	$61.20	$1,132,200.00
7/29/2016	John B Gibson	VP	Sell	11,450	$59.00	$675,550.00
7/22/2016	Joseph Doody	Director	Sell	44,441	$60.51	$2,689,124.91
7/21/2016	Michael E Gioja	Insider	Sell	6,190	$60.23	$372,823.70
7/14/2016	Jennifer R Vossler	VP	Sell	12,000	$61.05	$732,600.00
7/8/2016	Efrain Rivera	CFO	Sell	7,235	$61.33	$443,722.55
7/8/2016	Joseph M Tucci	Director	Sell	3,641	$61.00	$222,101.00
7/8/2016	Mark Anthony Bottini	VP	Sell	6,112	$61.33	$374,848.96
7/8/2016	Martin Mucci	CEO	Sell	42,397	$61.33	$2,600,208.01
7/8/2016	Stephanie L. Schaeffer	Insider	Sell	3,438	$61.33	$210,852.54
7/7/2016	Martin Mucci	CEO	Sell	65,965	$60.63	$3,999,457.95
6/30/2016	Laurie L Zaucha	VP	Sell	26,605	$58.06	$1,544,686.30
6/20/2016	Laurie L Zaucha	VP	Sell	13,500	$55.50	$749,250.00
6/16/2016	Laurie L Zaucha	VP	Sell	10,000	$54.51	$545,100.00
5/12/2016	Pamela A Joseph	Director	Sell	6,000	$52.49	$314,940.00
4/27/2016	Grant M Inman	Director	Sell	4,197	$52.85	$221,811.45
4/5/2016	Michael E Gioja	VP	Sell	19,450	$53.52	$1,040,964.00
4/1/2016	David J S Flaschen	Director	Sell	6,000	$53.57	$321,420.00
11/19/2015	Laurie L. Zaucha	VP	Sell	11,780	$54.00	$636,120.00
10/28/2015	Martin Mucci	CEO	Sell	30,000	$52.00	$1,560,000.00
10/27/2015	Stephanie L. Schaeffer	insider	Sell	31,375	$52.01	$1,631,813.75
10/26/2015	Laurie L. Zaucha	VP	Sell	3,000	$52.00	$156,000.00
10/22/2015	Laurie L. Zaucha	VP	Sell	3,093	$51.00	$157,743.00
10/21/2015	Stephanie L. Schaeffer	insider	Sell	12,000	$50.72	$608,640.00
10/16/2015	Martin Mucci	CEO	Sell	84,591	$49.91	$4,221,936.81
10/8/2015	Laurie L. Zaucha	VP	Sell	3,858	$50.00	$192,900.00
7/11/2015	Efrain Rivera	CFO	Sell	7,641	$47.78	$365,086.98
7/11/2015	Mark Anthony Bottini	VP	Sell	8,128	$47.78	$388,355.84
7/11/2015	Martin Mucci	CEO	Sell	42,740	$47.78	$2,042,117.20
7/11/2015	Stephanie L Schaeffer	Insider	Sell	3,300	$47.78	$157,674.00
7/9/2015	Martin Mucci	CEO	Sell	3,107	$47.43	$147,365.01
7/6/2015	Joseph M Tucci	Director	Sell	7,029	$48.00	$337,392.00
5/15/2015	Grant M Inman	Director	Sell	6,753	$49.92	$337,109.76
4/20/2015	Michael E Gioja	VP	Sell	19,483	$49.03	$955,251.49
3/16/2015	Laurie L Zaucha	VP	Sell	9,279	$51.00	$473,229.00
2/20/2015	Laurie L Zaucha	VP	Sell	9,000	$49.50	$445,500.00
2/5/2015	Mark Anthony Bottini	VP	Sell	75,000	$47.25	$3,543,750.00
12/23/2014	Martin Mucci	CEO	Sell	70,000	$47.43	$3,320,100.00
11/10/2014	Jennifer R Vossler	VP	Sell	5,000	$47.48	$237,400.00
11/3/2014	Laurie L Zaucha	VP	Sell	11,574	$47.02	$544,209.48
11/3/2014	Stephanie L Schaeffer	Insider	Sell	9,000	$47.02	$423,180.00
10/27/2014	Martin Mucci	CEO	Sell	50,000	$45.67	$2,283,500.00
9/26/2014	David J S Flaschen	Director	Sell	10,000	$43.80	$438,000.00
8/6/2014	Jennifer R Vossler	VP	Sell	5,000	$40.40	$202,000.00
7/11/2014	Martin Mucci	CEO	Sell	3,835	$41.92	$160,763.20
7/10/2014	Efrain Rivera	CFO	Sell	570	$41.92	$23,894.40
7/10/2014	Martin Mucci	CEO	Sell	6,809	$41.81	$284,684.29
7/10/2014	Michael E Gioja	VP	Sell	2,307	$41.78	$96,386.46
7/10/2014	Stephanie L Schaeffer	Insider	Sell	1,470	$41.74	$61,357.80
7/9/2014	Jennifer R Vossler	VP	Sell	418	$41.70	$17,430.60
7/9/2014	Martin Mucci	CEO	Sell	3,302	$41.70	$137,693.40
7/9/2014	Stephanie L Schaeffer	Insider	Sell	1,184	$41.70	$49,372.80
7/6/2014	Martin Mucci	CEO	Sell	26,309	$41.55	$1,093,138.95
7/6/2014	Michael E Gioja	VP	Sell	4,422	$41.55	$183,734.10
7/6/2014	Stephanie L Schaeffer	Insider	Sell	2,190	$41.55	$90,994.50
5/9/2014	Grant Inman	Director	Sell	7,800	$40.94	$319,332.00
5/2/2014	Jennifer Vossler	VP	Sell	1,122	$41.40	$46,450.80
4/4/2014	Martin Mucci	CEO	Sell	30,000	$42.55	$1,276,500.00
4/2/2014	David Flaschen	Director	Sell	10,000	$42.50	$425,000.00
4/2/2014	Michael Gioja	VP	Sell	24,329	$42.37	$1,030,819.73
1/27/2014	Michael Gioja	VP	Sell	9,800	$42.19	$413,462.00
10/21/2013	Kevin N Hill	VP	Sell	25,317	$42.20	$1,068,377.40
10/12/2013	Martin Mucci	CEO	Sell	1,475	$40.74	$60,091.50
8/13/2013	Martin Mucci	CEO	Sell	50,000	$40.23	$2,011,500.00
7/11/2013	Martin Mucci	CEO	Sell	30,123	$38.82	$1,169,374.86
7/11/2013	Michael E Gioja	VP	Sell	3,922	$38.89	$152,526.58
7/7/2013	Martin Mucci	CEO	Sell	3,055	$37.61	$114,898.55
12/28/2012	Michael E Gioja	VP	Sell	26,375	$31.09	$819,998.75
10/8/2012	Phillip Horsley	Director	Sell	22,084	$33.25	$734,293.00

(Data available from 1/1/2013 forward)

Headline Trends for Paychex (NASDAQ:PAYX) Latest Headlines for Paychex (NASDAQ:PAYX)

Source:

Date	Headline
	Bullish Two Hundred Day Moving Average Cross - PAYX www.nasdaq.com - September 23 at 9:19 AM
	Study: America's Small Business Owners Want Tax Reform to Be Priority No. 1 for Trump Administration finance.yahoo.com - September 22 at 8:26 AM
	Paychex, Inc. Schedules First Quarter Fiscal 2018 Earnings Release Conference Call for October 3, 2017 finance.yahoo.com - September 20 at 7:33 AM
	Paychex, Inc. (PAYX) Scheduled to Post Quarterly Earnings on Tuesday www.americanbankingnews.com - September 19 at 1:16 AM
	Paychex, Inc. (PAYX) Expected to Announce Quarterly Sales of $815.68 Million www.americanbankingnews.com - September 18 at 5:04 AM
	Paychex, Inc. (PAYX) Receives Consensus Rating of "Hold" from Brokerages www.americanbankingnews.com - September 17 at 2:48 PM
	Analysts Expect Paychex, Inc. (PAYX) Will Announce Earnings of $0.60 Per Share www.americanbankingnews.com - September 16 at 6:28 PM
	Paychex Delivers a New Level of Payday Flexibility with Same Day ACH Debits finance.yahoo.com - September 16 at 7:36 AM
	Paychex Featured in the Top 5 on Selling Power's "50 Best Companies to Sell For" List in 2017 finance.yahoo.com - September 9 at 7:09 AM
	Paychex Survey Finds One in Five Small Business Owners Lack Confidence in their HR Function finance.yahoo.com - September 7 at 7:30 AM
	Paychex Survey Finds One in Five Small Business Owners Lack Confidence in their HR Function finance.yahoo.com - September 7 at 7:30 AM
	Paychex, Inc. breached its 50 day moving average in a Bullish Manner : PAYX-US : September 1, 2017 finance.yahoo.com - September 2 at 7:18 AM
	Paychex, Inc. : PAYX-US: Dividend Analysis : August 01st, 2017 (record date) : By the numbers : August 31, 2017 finance.yahoo.com - September 1 at 7:01 AM
	Paychex Stock Poised For A Comeback finance.yahoo.com - September 1 at 7:01 AM
	Amid Federal Regulatory Uncertainty, State and Local Employer Regulations Are on the Rise finance.yahoo.com - August 31 at 8:31 AM
	Amid Federal Regulatory Uncertainty, State and Local Employer Regulations Are on the Rise finance.yahoo.com - August 31 at 8:31 AM
	Small-business hiring slows in August but wages gain momentum, Paychex survey shows finance.yahoo.com - August 30 at 7:47 AM
	Harvey slams small biz but expect 'bounce back': Paychex ... finance.yahoo.com - August 30 at 7:47 AM
	Zacks: Analysts Anticipate Paychex, Inc. (PAYX) to Announce $0.60 EPS www.americanbankingnews.com - August 29 at 6:22 AM
	Corporate News Blog - Paychex Acquires Professional Employer Organization HR Outsourcing finance.yahoo.com - August 24 at 10:46 AM
	Paychex, Inc. (PAYX) Given Consensus Recommendation of "Hold" by Brokerages www.americanbankingnews.com - August 23 at 4:56 PM
	Paychex Expands PEO Capabilities with HR Outsourcing Buyout - Nasdaq www.nasdaq.com - August 23 at 10:09 AM
	Paychex Expands PEO Capabilities with HR Outsourcing Buyout finance.yahoo.com - August 23 at 10:08 AM
	Paychex Creating 625 Jobs As Result of Continued Growth and Investment in HR Outsourcing Services finance.yahoo.com - August 23 at 10:08 AM
	Paychex Acquires HR Outsourcing, Inc. (HROI) finance.yahoo.com - August 22 at 3:33 AM
	CDI Corporation (CDI) vs. Paychex (PAYX) Head to Head Analysis www.americanbankingnews.com - August 19 at 8:28 PM
	Why We Made Paychex Our Latest Dividend Portfolio Holding - Seeking Alpha seekingalpha.com - August 19 at 6:20 AM
	Stifel Nicolaus Reiterates Hold Rating for Paychex, Inc. (PAYX) www.americanbankingnews.com - August 18 at 5:42 PM
	Paychex Upgraded, And 2 Things That Would Further Increase Morgan Stanley's Constructive View finance.yahoo.com - August 18 at 6:56 AM
	Barrett Business Services (BBSI) vs. Paychex (PAYX) Head-To-Head Comparison www.americanbankingnews.com - August 17 at 2:14 PM
	3 Big Stock Charts for Wednesday: Amazon.com, Inc. (AMZN), Array Biopharma Inc (ARRY) and Paychex, Inc. (PAYX) investorplace.com - August 16 at 1:11 PM
	Paychex, Inc. (PAYX) Raised to "Equal Weight" at Morgan Stanley www.americanbankingnews.com - August 16 at 8:56 AM
	Reviewing Paychex (NASDAQ:PAYX) & CDI Corporation (CDI) www.americanbankingnews.com - August 13 at 2:26 AM
	See what the IHS Markit Score report has to say about Paychex Inc. finance.yahoo.com - August 13 at 2:24 AM
	Head-To-Head Analysis: CDI Corporation (CDI) vs. Paychex (NASDAQ:PAYX) www.americanbankingnews.com - August 12 at 4:22 PM
	Paychex Partners with the Latino Tax Professionals Association to Provide Members with Valuable Services and Resources finance.yahoo.com - August 9 at 6:15 AM
	Head-To-Head Contrast: Paychex (NASDAQ:PAYX) vs. Barrett Business Services (BBSI) www.americanbankingnews.com - August 8 at 12:33 PM
	Top Dividend Raises For July 2017 seekingalpha.com - August 8 at 6:04 AM
	ETFs with exposure to Paychex, Inc. : August 7, 2017 finance.yahoo.com - August 8 at 6:04 AM
	Paychex, Inc. (NASDAQ:PAYX) Rating Lowered to Strong Sell at BidaskClub www.americanbankingnews.com - August 6 at 8:42 AM
	Kelly Services (KELYA) and Paychex (NASDAQ:PAYX) Head-To-Head Comparison www.americanbankingnews.com - August 5 at 7:08 AM
	Paychex: Missed Opportunity Or New Opportunity - Seeking Alpha seekingalpha.com - August 3 at 6:45 AM
	Paychex (PAYX) Down 6% Since Earnings Report: Can It Rebound? - Nasdaq www.nasdaq.com - August 1 at 1:08 AM
	Paychex (PAYX) Down 6% Since Earnings Report: Can It Rebound? finance.yahoo.com - July 31 at 5:59 AM
	Paychex, Inc. (NASDAQ:PAYX) Receives Average Rating of "Hold" from Analysts www.americanbankingnews.com - July 29 at 3:13 PM
	Paychex, Inc. breached its 50 day moving average in a Bullish Manner : PAYX-US : July 28, 2017 finance.yahoo.com - July 29 at 6:13 AM
	Paychex, Inc. (NASDAQ:PAYX) Short Interest Update www.americanbankingnews.com - July 28 at 2:21 AM
	Moving Up, Again: Paychex Insurance Agency No. 21 on List of Top 100 U.S. Firms finance.yahoo.com - July 27 at 6:14 AM
	Critical Survey: TriNet Group (TNET) and Paychex (PAYX) www.americanbankingnews.com - July 26 at 12:40 PM
	Paychex, Inc. :PAYX-US: Earnings Analysis: Q4, 2017 By the Numbers : July 25, 2017 finance.yahoo.com - July 26 at 6:15 AM