UP!
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Type
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Public |
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| Traded as | NASDAQ: PAYX NASDAQ-100 Component S&P 500 Component |
| Industry | Business process outsourcing |
| Founded | 1971 (1971) |
| Founder | B. Thomas Golisano |
| Headquarters | Rochester, New York |
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Area served
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Continental U.S. and Germany |
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Key people
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B. Thomas Golisano, Chairman Martin Mucci, President and CEO |
| Services | Payroll and HR services |
| Revenue |
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Operating income
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Net income
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| Total equity |
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Number of employees
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 12700 (2014) |
| Website | www |
Paychex, Inc. is an American provider of payroll, human resource, and benefits outsourcing services for small- to medium-sized businesses. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 580,000 payroll clients as of May 31, 2014.
Paychex was founded by Tom Golisano in 1971. Golisano started the company with $3,000.
The operation grew to include 18 franchises and partnerships, which were eventually consolidated into one private company in 1979. In 1983, Paychex went public and began trading on the NASDAQ Stock Market. In fiscal 2013, Paychex revenues exceeded $2.3 billion.
On February 9, 2011, Paychex acquired SurePayroll for $115 million cash.
Business data
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q1 2023 | 2022-09-29 | Future report Set alerts | |
| Q4 2022 | 2022-06-29 | 0.81 | 0.81 |
| Q3 2022 | 2022-03-30 | 1.15 | 1.15 |
| Q2 2022 | 2021-12-22 | 0.91 | 0.91 |
| Q1 2022 | 2021-09-30 | 0.89 | 0.89 |
| Q4 2021 | 2021-06-25 | 0.72 | 0.72 |
| Q3 2021 | 2021-04-06 | 0.96 | 0.96 |
| Q2 2021 | 2020-12-23 | 0.73 | 0.73 |
| Q1 2021 | 2020-10-06 | 0.63 | 0.63 |
| Q4 2020 | 2020-07-07 | 0.61 | 0.61 |
| 2016-07-11 | Upgrade | Sanford C. Bernstein | Sell | |
| 2016-07-06 | Reiterated Rating | Deutsche Bank AG | Hold | $51.00 to $56.00 |
| 2016-07-05 | Reiterated Rating | Jefferies Group | Underperform | $40.00 |
| 2016-07-05 | Reiterated Rating | BMO Capital Markets | Market Perform | $55.00 to $58.00 |
| 2016-07-01 | Reiterated Rating | Argus | In-Line to Buy | $59.50 to $70.00 |
| 2016-05-16 | Reiterated Rating | Sterne Agee CRT | Neutral | |
| 2016-04-15 | Initiated Coverage | Compass Point | Sell | $45.00 |
| 2016-04-03 | Reiterated Rating | Oppenheimer | Buy | |
| 2016-04-03 | Reiterated Rating | RBC Capital | Sell | $50.00 |
| 2016-04-03 | Reiterated Rating | Oppenheimer Holdings Inc. | Buy | |
| 2016-04-03 | Reiterated Rating | Royal Bank Of Canada | Sell | $50.00 |
| 2016-03-31 | Reiterated Rating | Bank of America | Sell | $50.00 |
| 2016-03-31 | Reiterated Rating | Robert W. Baird | Hold | |
| 2016-03-31 | Boost Price Target | Citigroup Inc. | Sell | $48.00 to $49.00 |
| 2016-03-31 | Reiterated Rating | Bank of America Corp. | Sell | $50.00 |
| 2016-01-07 | Downgrade | Bank of America | Neutral to Underperform | $50.78 to $50.00 |
| 2016-01-04 | Reiterated Rating | Deutsche Bank | Hold | $46.00 to $51.00 |
| 2016-01-04 | Reiterated Rating | Deutsche Bank AG | Hold | $46.00 to $51.00 |
| 2015-12-24 | Boost Price Target | Argus | Buy | $56.00 to $59.00 |
| 2015-12-23 | Boost Price Target | Sanford C. Bernstein | Underperform | $41.00 to $44.00 |
| 2015-12-17 | Initiated Coverage | Sterne Agee CRT | Neutral | $57.00 |
| 2015-10-01 | Boost Price Target | RBC Capital | Underperform | $46.00 to $47.00 |
| 2015-08-14 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $48.00 to $52.00 |
| 2015-07-16 | Downgrade | Goldman Sachs | Buy to Neutral | $55.00 to $52.00 |
| 2015-07-16 | Downgrade | Goldman Sachs Group Inc. | Buy to Neutral | $55.00 to $52.00 |
| 2015-04-21 | Upgrade | JPMorgan Chase & Co. | Underweight to Neutral | $43.00 to $48.00 |
| 2015-04-07 | Boost Price Target | Argus | Buy | $53.00 to $56.00 |
| 2015-03-26 | Boost Price Target | Citigroup Inc. | Sell | $43.00 to $46.00 |
| 2015-03-26 | Downgrade | Goldman Sachs | Conviction-Buy to Buy | |
| 2015-03-26 | Boost Price Target | RBC Capital | Underperform | $44.00 to $46.00 |
| 2015-01-16 | Reiterated Rating | Citigroup Inc. | Sell | $42.00 to $43.00 |
| 2015-01-07 | Boost Price Target | Argus | Buy | $49.00 to $53.00 |
| 2015-01-02 | Reiterated Rating | Bank of America | Hold | $45.00 to $47.00 |
| 2014-12-22 | Reiterated Rating | William Blair | Outperform | |
| 2014-12-22 | Boost Price Target | Deutsche Bank | Hold | $42.00 to $46.00 |
| 2014-11-21 | Initiated Coverage | Topeka Capital Markets | Sell | $43.00 |
| 2014-10-13 | Upgrade | Argus | Hold to Buy | $49.00 |
| 2014-09-25 | Reiterated Rating | Citigroup Inc. | Sell | $39.50 to $40.00 |
| 2014-09-25 | Reiterated Rating | Bank of America | Neutral | $44.00 to $45.00 |
| 2014-09-16 | Initiated Coverage | Sanford C. Bernstein | Underperform | $36.00 |
| 2014-08-13 | Reiterated Rating | JPMorgan Chase & Co. | Underweight | $40.00 to $43.00 |
| 2014-07-08 | Initiated Coverage | Goldman Sachs | Buy to Conviction-Buy | |
| 2014-07-03 | Reiterated Rating | JPMorgan Chase & Co. | Underweight | $38.00 to $40.00 |
| 2014-07-03 | Reiterated Rating | Citigroup Inc. | In-Line | |
| 2014-07-03 | Reiterated Rating | Bank of America | Neutral | $47.00 to $44.00 |
| 2014-03-31 | Boost Price Target | Jefferies Group | $34.00 to $35.00 | |
| 2014-03-12 | Upgrade | Deutsche Bank | Hold | |
| 2014-01-10 | Resumed | RBC Capital Mkts | Underperform | |
| 2013-12-20 | Boost Price Target | RBC Capital | $42.00 to $47.00 | |
| 2013-12-20 | Reiterated Rating | Bank of America | Neutral | $41.00 to $47.00 |
| 2013-12-20 | Boost Price Target | Jefferies Group | Underperform | $31.00 to $34.00 |
| 2013-12-05 | Initiated Coverage | Morgan Stanley | Underweight | $39.00 |
| 2013-10-02 | Reiterated Rating | Deutsche Bank | Hold | $35.00 to $39.00 |
| 2013-07-17 | Initiated | Argus | Hold | |
| 2013-05-20 | Reiterated | Barclays | Underweight | $32 to $33 |
| 2013-03-28 | Reiterated | Barclays | Underweight | $30 to $32 |
| 2012-09-25 | Downgrade | UBS | Buy to Neutral | $35 to $35 |
| 2011-12-22 | Reiterated | RBC Capital Mkts | Sector Perform | $30 to $32 |
| 2011-09-26 | Reiterated | Barclays Capital | Equal Weight | $32 to $30 |
| 2011-05-09 | Reiterated | Barclays Capital | Equal Weight | $30 to $32 |
| 2011-01-04 | Reiterated | Deutsche Bank | Hold | $26 to $27 |
| 2010-03-26 | Reiterated | Credit Suisse | Neutral | $26 to $28 |
| 2010-03-23 | Upgrade | Cowen & Co | Underperform to Neutral | |
| 2010-03-03 | Upgrade | Janney Mntgmy Scott | Sell to Neutral | |
| 2010-01-15 | Downgrade | Janney Mntgmy Scott | Neutral to Sell |
| 2016-07-11 | Upgrade | Sanford C. Bernstein | Sell | |
| 2016-07-06 | Reiterated Rating | Deutsche Bank AG | Hold | $51.00 to $56.00 |
| 2016-07-05 | Reiterated Rating | Jefferies Group | Underperform | $40.00 |
| 2016-07-05 | Reiterated Rating | BMO Capital Markets | Market Perform | $55.00 to $58.00 |
| 2016-07-01 | Reiterated Rating | Argus | In-Line to Buy | $59.50 to $70.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In PAYX 875 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| BlackRock Inc. | 30.98M |
| Vanguard Group, Inc | 30.28M |
| Capital International Investors | 14.67M |
| STATE STREET CORP | 13.28M |
| MANAGED ACCOUNT ADVISORS LLC | 11.43M |
| WELLS FARGO & CO/MN | 9.71M |
| BlackRock Institutional Trust Company, N.A. | 9.63M |
| BlackRock Fund Advisors | 9.50M |
| BANK OF AMERICA CORP /DE/ | 9.10M |
| GEODE CAPITAL MANAGEMENT, LLC | 7.81M |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | 6.02M |
| NORTHERN TRUST CORP | 4.73M |
| BlackRock Group LTD | 4.02M |
| MORGAN STANLEY | 3.49M |
| LEGAL & GENERAL GROUP PLC | 2.82M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| MUCCI MARTIN CEO & President | 0.08% (278254) | CBEY / PAYX / |
| GOLISANO B THOMAS | 0.02% (62857) | PAYX / |
| RIVERA EFRAIN Sr. Vice President, CFO | 0.02% (61355) | PAYX / |
| Gioja Michael E Sr. Vice President | 0.02% (60974) | PAYX / |
| Bottini Mark Anthony Sr. VP of Sales | 0.01% (52201) | PAYX / |
| TUCCI JOSEPH M | 0.01% (48760) | EMC / MSI / PAYX / |
| Schaeffer Stephanie L CLO, Secretary | 0.01% (46156) | PAYX / |
| Zaucha Laurie L. Vice President | 0.01% (36360) | PAYX / |
| INMAN GRANT M | 0.01% (35499) | LRCX / PAYX / |
| HILL KEVIN N Vice President | 0.01% (27433) | PAYX / |
| FLASCHEN DAVID J S | 0.01% (25430) | PAYX / |
| Vossler Jennifer R. VP/Controller | 0.01% (25195) | PAYX / |
| VELLI JOSEPH M | 0.01% (22763) | CTSH / ETFC / PAYX / |
| Gibson John B Sr. VP, Service | 0.01% (21758) | PAYX / |
| JOSEPH PAMELA A | 0.01% (19791) | CNC / PAYX / TSS / USB / |
UM
US$ 6,163.7 million (2013)