Company Paychex, Inc.

Equities

PAYX

US7043261079

Employment Services

Market Closed - Nasdaq 04:15:00 2024-03-18 pm EDT 5-day change 1st Jan Change
120.5 USD +0.22% Intraday chart for Paychex, Inc. -0.90% +1.20%

Business Summary

Paychex, Inc. specializes in the development of integrated management software packages (ERP). The group also offers outsourcing services for small and mid-size companies. Net sales break down by activity sector as follows:

- payroll and human resources management solutions (74.5%): management solutions for payroll, internal accounting data, taxes, employee benefits, pensions, etc.;

- HR management solutions for professional employer organizations (23.5%): health insurance management, risk management and risk management, employee assistance schemes, etc.;

- fund management (2%).

All sales are in the United States.

Number of employees: 16,600

Sales per Business

USD in Million2022Weight2023Weight Delta
Management Solutions
74.5 %
3,443 74.7 % 3,731 74.5 % +8.36%
Professional Employer Organization and Insurance Solutions
23.5 %
1,111 24.1 % 1,177 23.5 % +5.89%
Interest on Funds Held for Clients
2.0 %
58 1.3 % 100 2.0 % +72.96%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
99.0 %
4,566 99.0 % 4,957 99.0 % +8.57%
Europe
1.0 %
46 1.0 % 50 1.0 % +8.57%

Managers

Managers TitleAgeSince
Chief Executive Officer 58 13-05-19
Founder 82 70-12-31
Director of Finance/CFO 52 14-11-30
Chairman 64 01-12-31
Compliance Officer - 01-12-31
Chief Tech/Sci/R&D Officer 66 08-11-12
Chief Operating Officer 52 23-05-14
Chief Tech/Sci/R&D Officer - 19-08-31
Director/Board Member 71 10-10-13
Investor Relations Contact - -

Members of the board

Members of the board TitleAgeSince
Founder 82 70-12-31
Director/Board Member 65 05-11-22
Director/Board Member 71 10-10-13
Chairman 64 01-12-31
Director/Board Member 75 17-01-12
Chief Executive Officer 58 13-05-19
Director/Board Member 68 98-12-31
Director/Board Member 76 99-12-31
Director/Board Member 66 07-01-23
Director/Board Member 54 17-07-18

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 359,800,000 320,906,193 ( 89.19 %) 0 89.19 %

Shareholders

NameEquities%Valuation
37,553,890 10.44 % 4 605 M $
Vanguard Fiduciary Trust Co.
8.454 %
30,418,038 8.454 % 3 730 M $
BlackRock Advisors LLC
6.072 %
21,850,100 6.072 % 2 679 M $
Capital Research & Management Co. (International Investors)
5.143 %
18,504,389 5.143 % 2 269 M $
13,083,282 3.636 % 1 604 M $
BNY Mellon Investment Adviser, Inc.
3.215 %
11,567,383 3.215 % 1 418 M $
Wells Fargo Bank NA
3.105 %
11,173,711 3.105 % 1 370 M $
Geode Capital Management LLC
2.414 %
8,685,031 2.414 % 1 065 M $
Charles Schwab Investment Management, Inc.
1.887 %
6,788,274 1.887 % 832 M $
Merrill Lynch International
1.831 %
6,589,418 1.831 % 808 M $

Company contact information

Paychex, Inc.

911 Panorama Trail South

14625-2396, Rochester

+585 385 6666

http://www.paychex.com
address Paychex, Inc.(PAYX)